The financial\nstatements of the Holding company and the consolidated financial\nstatements of the Group have been prepared on the accruals basis\nand under the historical cost convention, except for investment\nproperties which are carried at their fair values, and in\naccordance with International Financial Reporting Standards\n(\u2018IFRS\u2019) as issued by the International Accounting\nStandards Board (\u2018IASB\u2019) and as adopted by the European\nUnion (\u2018EU\u2019), and in accordance with the Companies Act,\nCap. 386. They have been prepared under the assumption that the\nGroup operates on a going concern basis.
\nThe financial\nstatements are presented in euro (Eur), which is also the\nfunctional currency of the Company and the Group.
\n\u00a0
\nThe going concern basis\nunderlying the preparation of these financial statements assumes\nthat the Group\u2019s and the Company\u2019s lenders and\ncreditors will continue to provide the financial support necessary\nto enable the Group and the Company to meet their debts as and when\nthey fall due.
\n\u00a0
\nAt 31 December 2025,\nthe Group was in a net current asset position of\nEur39,378,867 (2024: net current liability position of\nEur10,628,749 ).
\n\u00a0
\nThe net current\nliability reported in the 2024 related primarily to the Eur37\nmillion bonds which matured in October 2025 and were therefore\nclassified as a current liability.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "gYrNgbMmhV": { "value": "The financial\nstatements of the Holding company and the consolidated financial\nstatements of the Group have been prepared on the accruals basis\nand under the historical cost convention, except for investment\nproperties which are carried at their fair values, and in\naccordance with International Financial Reporting Standards\n(\u2018IFRS\u2019) as issued by the International Accounting\nStandards Board (\u2018IASB\u2019) and as adopted by the European\nUnion (\u2018EU\u2019), and in accordance with the Companies Act,\nCap. 386. They have been prepared under the assumption that the\nGroup operates on a going concern basis.\nThe financial\nstatements are presented in euro (Eur), which is also the\nfunctional currency of the Company and the Group.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfFinancialStatements", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "P73DO3bE2b": { "value": "The financial\nstatements of the Holding company and the consolidated financial\nstatements of the Group have been prepared on the accruals basis\nand under the historical cost convention, except for investment\nproperties which are carried at their fair values, and in\naccordance with International Financial Reporting Standards\n(\u2018IFRS\u2019) as issued by the International Accounting\nStandards Board (\u2018IASB\u2019) and as adopted by the European\nUnion (\u2018EU\u2019), and in accordance with the Companies Act,\nCap. 386. They have been prepared under the assumption that the\nGroup operates on a going concern basis.
\nThe financial\nstatements are presented in euro (Eur), which is also the\nfunctional currency of the Company and the Group.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "HHhRm2IruE": { "value": "The financial\nstatements of the Holding company and the consolidated financial\nstatements of the Group have been prepared on the accruals basis\nand under the historical cost convention, except for investment\nproperties which are carried at their fair values, and in\naccordance with International Financial Reporting Standards\n(\u2018IFRS\u2019) as issued by the International Accounting\nStandards Board (\u2018IASB\u2019) and as adopted by the European\nUnion (\u2018EU\u2019), and in accordance with the Companies Act,\nCap. 386. They have been prepared under the assumption that the\nGroup operates on a going concern basis.", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "D1.xIWOCjI": { "value": "The going concern basis\nunderlying the preparation of these financial statements assumes\nthat the Group\u2019s and the Company\u2019s lenders and\ncreditors will continue to provide the financial support necessary\nto enable the Group and the Company to meet their debts as and when\nthey fall due.
\n\u00a0
\nAt 31 December 2025,\nthe Group was in a net current asset position of\nEur39,378,867 (2024: net current liability position of\nEur10,628,749 ).
\n\u00a0
\nThe net current\nliability reported in the 2024 related primarily to the Eur37\nmillion bonds which matured in October 2025 and were therefore\nclassified as a current liability.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "TXwa0ECQ46": { "value": "2. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nMaterial accounting policies
\nThe material accounting\npolicies adopted by the Holding company and the Group are set out\nbelow.
\nOverall\nconsiderations
\nThe Group and the\nCompany should disclose their material accounting policies.\nAccounting policies are material and must be disclosed if they can\nbe reasonably expected to influence the decisions of users of the\nfinancial statements.
\nManagement has\nconcluded that the disclosure of the Group\u2019s and the\nCompany\u2019s material accounting policies below is\nappropriate.
\nPresentation of\nfinancial statements
\nThe consolidated\nfinancial statements are presented in accordance with IAS 1\nPresentation of Financial Statements (IAS 1) .
\nBasis of\nconsolidation
\nThe Group's\nconsolidated financial statements consolidate those of the parent\ncompany and all of its subsidiaries as of 31 December 2025. The\nparent controls a subsidiary if it is exposed to, or has rights to,\nvariable returns from its involvement with the subsidiary and has\nthe ability to affect those returns through its power over the\nsubsidiary. The subsidiaries have a reporting date of 31\nDecember.
\nAll transactions and\nbalances between Group companies are eliminated on consolidation,\nincluding unrealised gains and losses on transactions between Group\ncompanies. Where unrealised losses on intra-group asset sales are\nreversed on consolidation, the underlying asset is also tested for\nimpairment losses from the Group perspective.
\nAmounts reported in the\nfinancial statements of subsidiaries have been adjusted where\nnecessary to ensure consistency with the accounting policies\nadopted by the Group.
\nThe Group attributes\ntotal comprehensive income or loss of subsidiaries between the\nowners of the company and the non-controlling interests based on\ntheir respective ownership interests.\u00a0
\nBusiness\ncombinations
\nThe Group applies the\nacquisition method in accounting for business combinations. The\nconsideration transferred by the Group to obtain control of a\nsubsidiary is calculated as the sum of the acquisition-date fair\nvalues of assets transferred, liabilities incurred, and the equity\ninterests issued by the Group, which includes the fair value of any\nasset or liability arising from a contingent consideration\narrangement. Acquisition costs are expensed as incurred.
\nThe Group recognises\nidentifiable assets acquired and liabilities assumed in a business\ncombination regardless of whether they have been previously\nrecognised in the acquiree\u2019s financial statements prior to\nthe acquisition. Assets acquired and liabilities assumed are\ngenerally measured at their acquisition-date fair\nvalues.\u00a0
\nAcquisition of\nentities and businesses under common control
\nThe acquisition of\nsubsidiaries under common control is accounted for under the\nprinciples of predecessor accounting as from the date these\nsubsidiaries are acquired by the Holding company\u2019s parent at\nthe previous carrying amounts of assets and liabilities included in\nthe consolidated financial statements of the Company\u2019s\nparent.\u00a0 Differences on acquisition between the consideration\ngiven in exchange for the acquired entities and the amounts at\nwhich the assets and liabilities of the acquired are initially\nrecognised are included within equity.
\nAcquisition of\nsubsidiaries
\nThe acquisition of\nsubsidiaries that are not under common control is accounted for by\napplying the acquisition method. The consideration is measured as\nthe aggregate of the fair values, at the date of exchange of assets\ngiven, liabilities incurred or assumed, and equity instruments\nissued by the acquirer in exchange for control of the acquiree.\nAcquisition-related costs are recognised in profit or loss as\nincurred, except for costs to issue debt or equity\nsecurities.
\nThe acquiree\u2019s\nidentifiable assets and liabilities that meet the conditions for\nrecognition are recognised at their fair values at the acquisition\ndate, except as specifically required by other IFRS as adopted by\nthe EU. A contingent liability assumed in a business combination is\nrecognised at the acquisition date if there is a present obligation\nthat arises from past events and its fair value can be measured\nreliably.
\nThe results of\nsubsidiaries are included in the consolidated financial statements\nfrom the date that control commences until the date that control\nceases. Where necessary, in preparing these consolidated financial\nstatements, appropriate adjustments are made to the financial\nstatements of subsidiaries to bring their accounting policies in\nline with those used by Group entities.\u00a0 Intra-group balances,\ntransactions, income and expenses are eliminated on\nconsolidation.
\nInvestment in\nsubsidiaries
\nA subsidiary is an\nentity that is controlled by the Company. The Company controls an\ninvestee when the Company is exposed, or has rights, to variable\nreturns from its involvement with the investee and has the ability\nto affect those returns through its power over the\ninvestee.
\nInvestment in\nsubsidiaries, in the Company\u2019s financial statements are\nstated at cost less any accumulated impairment losses. Dividends\nfrom the investments are recognised in profit or loss.
\nAt each reporting date,\nthe Company reviews the carrying amount of its investment in\nsubsidiaries 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.
\nAn impairment loss is\nreversed only to the extent that the carrying amount of the\ninvestment does not exceed the carrying amount that would have been\ndetermined had no impairment loss been previously recognised.\u00a0\nImpairment losses and reversals are recognised immediately in\nprofit or loss.
\nProperty, plant and\nequipment
\nThe Group\u2019s and\nthe Company\u2019s property, plant and equipment are classified\ninto furniture, fittings and other equipment and improvements to\nleasehold land.
\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 Company and the cost of the item can\nbe measured reliably. Expenditure on repairs and maintenance of\nproperty, plant and equipment is recognised as an expense when\nincurred.
\nProperty, plant and\nequipment are stated at cost less any accumulated depreciation and\nany accumulated impairment losses.
\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 \u2018other operating\nincome\u2019 or \u2018other operating expenses\u2019 in the\nperiod of derecognition.
\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 its estimated useful lives, using the\nstraight-line method, on the following bases:
\n| \n Furniture, fixtures and\nother equipment \n | \n\n - over 3 to 10\nyears \n | \n
| \n Improvements to\nleasehold land \n | \n\n - over 5 years being\nthe term of the lease \n | \n
The depreciation method\napplied, the residual value and the useful life are reviewed, and\nadjusted if appropriate, at the end of each reporting\nperiod.
\nInvestment\nproperty
\nInvestment property is\nproperty held to earn rentals or for capital appreciation or both.\nInvestment property is recognised as an asset when it is probable\nthat the future economic benefits that are associated with the\ninvestment property will flow to the entity and the cost can be\nmeasured reliably. Investment property is initially measured at\ncost, including transaction costs. Subsequent to initial\nrecognition, investment property is revalued annually and is stated\nat fair value in the statement of financial position at the end of\nthe reporting period. Gains or losses arising from changes in the\nfair value of investment property are recognised in profit or loss\nin the period in which they arise.
\nInvestment property is\nderecognised on disposal or when it is permanently withdrawn from\nuse and no future economic benefits are expected from its disposal.\nGains or losses on derecognition represent the difference between\nthe net disposal proceeds and the carrying amount and are\nrecognised in profit or loss in the period of\nderecognition.
\nProperty held for\nsale
\nInvestment property is\nclassified as property held for sale if their carrying amount will\nbe recovered principally through a sale transaction rather than\nthrough continuing use.\u00a0 Property held for sale is measured at\nfair value, in accordance with the Group\u2019s accounting policy\non investment property.
\nNon-current assets\nand liabilities classified as held for sale
\nNon-current assets and\nliabilities classified as held for sale are presented separately\nand measured at the lower of their carrying amounts immediately\nprior to their classification as held for sale and their fair value\nless costs to sell. However, some held for sale assets such as\nfinancial assets or deferred tax assets, continue to be measured in\naccordance with the Group\u2019s relevant accounting policy for\nthose assets. Once classified as held for sale, the assets are not\nsubject to depreciation or amortisation.
\nRight-of-use\nassets
\nIn the case of\nright-of-use assets, expected useful lives are determined by\nreference to comparable owned assets or the lease term, if shorter.\nMaterial residual value estimates and estimates of useful life are\nupdated as required, but at least annually. For leases on\nbuildings, the right-of-use assets are being amortised over the\nlease term.
\nLeased assets\n\u2013 The Group as a Lessee
\nAny new contract\nentered into, the Group considers whether a contract is or contains\na lease. A lease is defined as \u2018a contract, or part of a\ncontract, that conveys the right to use an asset (the underlying\nasset) for a period of time in exchange for consideration\u2019.\nTo apply this definition, the Group assesses whether the contract\nmeets three key evaluations which are whether:
\n| \n \u2022 \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; \n | \n
| \n \u2022 \n | \n\n the Group has the right\nto obtain substantially all of the economic benefits from use of\nthe identified asset throughout the period of use, considering its\nrights within the defined scope of the contract; or \n | \n
| \n \u2022 \n | \n\n the Group has the right\nto direct the use of the identified asset throughout the period of\nuse. The Group assess whether it has the right to direct \u2018how\nand for what purpose\u2019 the asset is used throughout the period\nof use. \n | \n
\u00a0
\n(i)\u00a0\u00a0\nMeasurement and recognition of leases
\nAt lease commencement\ndate, the Group recognises a right-of-use asset and a lease\nliability as a separate financial line item on the statement of\nfinancial position. The right-of-use asset is measured at cost,\nwhich is made up of the initial measurement of the lease liability,\nany initial direct costs incurred by the Group, an estimate of any\ncosts to dismantle and remove the asset at the end of the lease,\nand any lease payments made in advance of the lease commencement\ndate (net of any incentives received).
\nThe Group depreciates\nthe right-of-use assets on a straight-line basis from the lease\ncommencement date to the earlier of the end of the useful life of\nthe right-of-use asset or the end of the lease term. The Group also\nassesses the right-of-use assets for impairment when such\nindicators exist.
\nAt the commencement\ndate, the Group measures the lease liabilities at the present value\nof the lease payments unpaid at that date, discounted using the\ninterest rate implicit in the lease if that rate is readily\navailable or the Group\u2019s incremental borrowing\nrate.
\nLease payments included\nin the measurement of the lease liabilities are made up of fixed\npayments (including in substance fixed payments).
\nSubsequent to initial\nmeasurement, the liability will be reduced for payments made and\nincreased for interest. It is remeasured to reflect any\nreassessment or modification, or if there are changes in\nin-substance fixed payments.
\nWhen the lease\nliability is remeasured, the corresponding adjustment is reflected\nin the right-of-use asset, or profit and loss if the right-of-use\nasset is already reduced to zero.
\nThe Group has elected\nto account for short-term leases and leases of low-value assets\nusing the practical expedients. Instead of recognising a\nright-of-use asset and lease liability, the payments in relation to\nthese are recognised as an expense in profit or loss on a\nstraight-line basis over the lease term.
\nLeases \u2013 Group\nas lessor
\nRental income from\noperating leases, less the aggregate cost of incentives given to\nthe lessee, is recognised as income in profit or loss on a\nstraight-line basis over the lease term unless another systematic\nbasis is more representative of the time pattern in which use\nbenefit derived from the leased asset is diminished. Initial direct\ncosts incurred in negotiating and arranging an operating lease are\nadded to the carrying amount of the leased asset and recognised as\nan expense in profit or loss on a straight-line basis over the\nlease term.
\nLeases are classified\nas finance leases whenever the terms of the lease transfer\nsubstantially all the risks and rewards incidental to ownership to\nthe lessee.\u00a0 All other leases are classified as operating\nleases.\u00a0 Lease classification is made at the inception of the\nlease, which is the earlier of the date of the lease agreement and\nthe date of commitment by the parties to the principal provisions\nof the lease.
\n\u00a0
\nLeased assets are\npresented in the statement of financial position according to their\nnature and are tested for impairment in accordance with the\nCompany\u2019s accounting policy on impairment.\u00a0 Rental\nincome from operating leases, less the aggregate cost of incentives\ngiven to the lessee, is recognised as income in profit or loss on a\nstraight-line basis over the lease term unless another systematic\nbasis is more representative of the time pattern in which use\nbenefit derived from the leased asset is diminished. Initial direct\ncosts incurred in negotiating and arranging an operating lease are\nadded to the carrying amount of the leased asset and recognised as\nan expense in profit or loss on a straight-line basis over the\nlease term.
\nFinancial\ninstruments
\n(i)\u00a0\u00a0\nRecognition and derecognition
\nFinancial assets and\nfinancial liabilities are recognised when the Group becomes a party\nto the contractual provisions of the financial\ninstrument.
\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. A\nfinancial liability is derecognised when it is extinguished,\ndischarged, cancelled or expires.
\n(ii)\u00a0\u00a0\nClassification and initial measurement of financial\nassets
\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).
\nFinancial assets, other\nthan those designated and effective as hedging instruments, are\nclassified into the following categories:
\n| \n - \n | \n\n amortised\ncost; \n | \n
| \n - \n | \n\n fair value through\nprofit or loss (FVTPL); or \n | \n
| \n - \n | \n\n fair value through other\ncomprehensive income (FVOCI). \n | \n
\u00a0
\nIn the periods\npresented the Group does not have any financial assets categorised\nFVOCI. The Group\u2019s derivative financial instruments are\nclassified as FVPTL.
\nThe classification is\ndetermined by both:
\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\nflow characteristics of the financial asset. \n | \n
\u00a0
\nAll income and expenses\nrelating to financial assets that are recognised in profit or loss\nare presented within \u2018finance costs\u2019, \u2018finance\nincome\u2019 or other financial items, except for impairment of\ntrade receivables which is presented within \u2018other operating\nexpenses\u2019.
\n(iii)\u00a0\u00a0\nSubsequent measurement of financial assets
\nFinancial assets are\nmeasured at amortised cost if the assets meet the following\nconditions (and are not designated as FVTPL):
\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; \n | \n
| \n - \n | \n\n the contractual terms of\nthe financial assets give rise to cash flows that are solely\npayments of principal and interest on the principal amount\noutstanding. \n | \n
\u00a0
\nAfter initial\nrecognition, these are measured at amortised cost using the\neffective interest method. Discounting is omitted where the effect\nof discounting is immaterial. The Group\u2019s cash in bank and on\nhand, loans and receivables, trade and most other receivables fall\ninto this category of financial instruments.
\n(iv)\u00a0\u00a0\nImpairment of financial assets
\nIFRS 9\u2019s\nimpairment requirements use forward-looking information to\nrecognise expected credit losses \u2013 the \u2018expected credit\nloss (ECL) model\u2019. Instruments within the scope of the\nrequirements included 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.
\nThe Group considers a\nbroad range of information when assessing credit risk and measuring\nexpected credit losses, including past events, current conditions,\nreasonable and supportable forecasts that affect the expected\ncollectability of the future cash flows of the\ninstrument.
\nIn applying this\nforward-looking approach, a distinction is made between:
\n| \n - \n | \n\n financial instruments\nthat have not deteriorated significantly in credit quality since\ninitial recognition or that have low credit risk (\u2018Stage\n1\u2019); and \n | \n
| \n - \n | \n\n financial instruments\nthat have deteriorated significantly in credit quality since\ninitial recognition and whose credit risk is not low (\u2018Stage\n2\u2019). \n | \n
\u00a0
\n\u2018Stage 3\u2019\nwould cover financial assets that have objective evidence of\nimpairment at the reporting date.
\n\u201812-month\nexpected credit losses\u2019 are recognised for the first category\nwhile \u2018lifetime expected credit losses\u2019 are recognised\nfor the second category.
\nMeasurement of the\nexpected credit losses is determined by a probability-weighted\nestimate of credit losses over the expected life of the financial\ninstrument.
\n(v)\u00a0\u00a0 Loans\nreceivables and trade and other receivables
\nThe Group makes use of\na simplified approach in accounting for loans receivables, trade\nand other receivables as well as contract assets and records the\nloss allowance as lifetime expected credit losses. These are the\nexpected shortfalls in contractual cash flows, considering the\npotential for default at any point during the life of the financial\ninstrument.\u00a0 In calculating, the Group uses its historical\nexperience, external indicators and forward-looking information to\ncalculate the expected credit losses using a provision\nmatrix.
\nThe Group assesses\nimpairment of loans receivables and trade and other receivables on\na collective basis as they possess shared credit risk\ncharacteristics they have been grouped based on the days past\ndue.
\n(vi)\u00a0\u00a0\nClassification and measurement of financial liabilities
\nThe Group\u2019s\nfinancial liabilities include bank loans, debt securities in issue,\ntrade and other payables and other financial\nliabilities.
\nFinancial liabilities\nare initially measured at fair value, and, where applicable,\nadjusted for transaction costs unless the Group designated a\nfinancial liability at fair value through profit or\nloss.
\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.
\nAll interest-related\ncharges and, if applicable, changes in an instrument\u2019s fair\nvalue that are reported in profit or loss are included within\n\u2018finance costs\u2019 or \u2018finance\nincome\u2019.
\nImpairment testing\nof property, plant and equipment and investment\nproperty
\nIn the case of assets\ntested for impairment, the recoverable amount is the higher of fair\nvalue less costs to sell (which is the amount obtainable from sale\nin arm\u2019s length transaction between knowledgeable, willing\nparties, less the costs of disposal) and value in use (which is the\npresent value of the future cash flows expected to be derived,\ndiscounted using a pre\u2013tax discount rate that reflects\ncurrent market assessment of the time value of money and the risks\nspecific to the asset). Where the recoverable amount is less than\nthe carrying amount, the carrying amount of the asset is reduced to\nits recoverable amount, as calculated. Impairment losses are\nrecognised immediately in profit or loss.
\nIn the case of assets\ntested for impairment, an impairment loss recognised in a prior\nyear is reversed if there has been a change in the estimates used\nto determine the asset\u2019s recoverable amount since the last\nimpairment loss was recognised.
\nWhere an impairment\nloss subsequently reverses, the carrying amount of the asset is\nincreased to the revised estimate of its recoverable amount, but\nsuch that the increased carrying amount does not exceed the\ncarrying amount that would have been determined had no impairment\nloss been recognised for the asset in prior years.
\nImpairment reversals\nare recognised immediately in profit or loss.
\nRevenue\nrecognition
\nRevenue is measured at\nthe fair value of the consideration received or receivable for\ngoods sold and services provided in the normal course of business,\nnet of value-added tax and discounts, where applicable.
\nTo determine whether to\nrecognise revenue, the Group follows a 5-step process:
\n| \n 1 \n | \n\n Identifying the contract\nwith 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 following specific\nrecognition criteria must also be met before revenue is\nrecognised:
\n(i)\u00a0\u00a0\nProvision of services
\nRevenue from the\nprovision of services arises from management services provided by\nthe Holding company to its subsidiaries. Revenue from these\nservices is recognised in the period in which the services are\nrendered. For practical purposes, when services are performed by an\nindeterminate number of acts over a specified period of time,\nrevenue is recognised on a straight-line basis over the specified\nperiod unless there is evidence that some other method better\nrepresents the stage of completion.
\n(ii)\u00a0\u00a0\nInterest income
\nInterest income is\naccrued on a time basis, by reference to the principal outstanding\nand at the effective interest rate applicable, which is the rate\nthat exactly discounts the estimated future cash receipts through\nthe expected life of the financial asset to the asset\u2019s net\ncarrying amount.
\n\u00a0
\nDividends
\n\u00a0
\nDividends are\nrecognised at the time the right to receive payment is\nestablished.
\n\u00a0
\nAdministrative\nexpenses
\n\u00a0
\nAdministrative expenses\nare recognised in profit or loss upon utilisation of the service or\nas incurred.
\n\u00a0
\nBorrowing\ncosts
\n\u00a0
\nBorrowing costs include\nthe costs incurred in obtaining external financing. Borrowing costs\ndirectly 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\nuse or sale, are capitalised from the time that expenditure for\nthese assets and borrowing costs are being incurred and activities\nthat are necessary to prepare these assets for their intended use\nor sale are in progress.\u00a0 Borrowing costs are capitalised\nuntil such time as the assets are substantially ready for their\nintended use or sale. Borrowing costs are suspended during extended\nperiods in which active development is interrupted. All other\nborrowing costs are recognised as an expense in profit or loss in\nthe period in which they are incurred.
\n\u00a0
\nTaxation
\n\u00a0
\nCurrent and deferred\ntax is recognised in profit or loss, except when it relates to\nitems recognised in other comprehensive income or directly in\nequity, in which case the deferred tax is also dealt with in other\ncomprehensive income or in equity, as appropriate.
\n\u00a0
\nCurrent tax is based on\nthe taxable result for the period. 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. It is calculated using tax rates that have been\nenacted 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.
\n\u00a0
\nDeferred tax\nliabilities are generally recognised for all taxable temporary\ndifferences and deferred tax assets, are recognised to the extent\nthat it is probable that taxable profits will be available against\nwhich deductible temporary differences can be utilised.
\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.
\n\u00a0
\nCurrent tax assets and\nliabilities are offset when the Company has a legally enforceable\nright to set off the recognised amounts and intends either to\nsettle on a net basis, or to realise the asset and settle the\nliability simultaneously.
\n\u00a0
\nDeferred tax assets and\nliabilities are offset when the Company has a legally enforceable\nright to set off its current tax assets and liabilities and the\ndeferred tax assets and liabilities relate to income taxes levied\nby the same taxation authority on either the same taxable entity or\ndifferent taxable entities which intend either to settle current\ntax liabilities and assets on a net basis, or to realize the assets\nand settle the liabilities simultaneously, in each future period in\nwhich significant amounts of deferred tax liabilities or assets are\nexpected to be settled or recovered.
\n\u00a0
\nEmployee\nbenefits
\n\u00a0
\nThe Group contributes\ntowards the state pension in accordance with local legislation. The\nonly obligation of the Group is to make the required\ncontributions.\u00a0 Costs are expensed in the period in which they\nare incurred.
\n\u00a0
\nForeign currency\ntranslation
\n\u00a0
\nThe financial\nstatements of the Company and the consolidated financial statements\nof the Group are presented in the Company\u2019s functional\ncurrency, the Euro, being the currency of the primary economic\nenvironment in which the Company operates. Transactions denominated\nin currencies other than the functional currency are translated at\nthe exchange rates ruling on the date of transaction. Monetary\nassets and liabilities denominated in currencies other than the\nfunctional currency are re-translated to the functional currency at\nthe exchange rate ruling at period-end.\u00a0 Exchange differences\narising on the settlement and on the re-translation of monetary\nitems are dealt with in profit or loss. Non-monetary assets and\nliabilities denominated in currencies other than the functional\ncurrency that are measured at fair value are re-translated using\nthe exchange rate ruling on the date the fair value was\ndetermined.\u00a0 Non-monetary assets and liabilities denominated\nin currencies other than the functional currency that are measured\nin terms of historical cost are not re-translated. Exchange\ndifferences arising on the translation of non-monetary items\ncarried at fair value are included in profit or loss for the\nperiod, except for differences arising on the re-translation of\nnon-monetary items in respect of which gains and losses are\nrecognised in other comprehensive income.\u00a0 For such\nnon-monetary items, any exchange component of that gain or loss is\nalso recognised in other comprehensive income.
\n\u00a0
\nForeign exchange gains\nand losses are classified with other operating income or other\noperating expenses as appropriate, except in the case of\nsignificant exchange differences arising on investing or financing\nactivities, which are classified within investment income,\ninvestment losses or finance costs as appropriate.
\n\u00a0
\nFor the purpose of\npresenting these financial statements, income and expenses\n(including comparatives) of the Group\u2019s foreign operations\nwith functional currency other than the Euro are translated into\nEuro at the monthly average rate over the reporting period. Assets\nand liabilities (including comparatives) of the Group\u2019s\nforeign operations are translated to Euro at the exchange rate\nruling at the date of the statement of financial position. Goodwill\nand fair value adjustments arising on the acquisition of a foreign\nentity have been treated as assets and liabilities of the foreign\nentity and translated into Euro at the closing rate. Exchange\ndifferences are recognised in other comprehensive income and\naccumulated in the \u2018foreign exchange reserve\u2019 in\nequity. Such differences are reclassified from equity to profit or\nloss in the period in which the foreign operation is disposed\nof.
\n\u00a0
\nCash at bank and on\nhand
\n\u00a0
\nCash at bank and on\nhand comprise cash on hand and demand deposits. Bank overdrafts\nthat are repayable on demand and form an integral part of the\nGroup\u2019s cash management are included as a component of cash\nand cash equivalents for the purpose of the statement of cash flows\nand are presented in current liabilities on the statement of\nfinancial position.
\n\u00a0
\nProvisions,\ncontingent assets and contingent liabilities
\n\u00a0
\nProvisions are\nrecognised when the Group has a present legal or constructive\nobligation as a result of a past event, it is probable that an\noutflow of resources embodying economic benefits will be required\nto settle the obligation and a reliable estimate can be made of the\namount of the obligation. Provisions are measured at the\ndirectors\u2019 best estimate of the expenditure required to\nsettle the present obligation at the end of the reporting period.\nIf the effect of the time value of money is material, provisions\nare determined by discounting the expected future cash flows at a\npre-tax rate that reflects current market assessments of the time\nvalue of money and, where appropriate, the risks specific to the\nliability. Provisions are not recognised for future operating\nlosses.
\n\u00a0
\nAny reimbursement that\nthe Group is virtually certain to collect from a third party with\nrespect to the obligation is recognised as a separate asset.\nHowever, this asset may not exceed the amount of the related\nprovision.
\n\u00a0
\nNo liability is\nrecognised if an outflow of economic resources as a result of\npresent obligations is not probable. Such situations are disclosed\nas contingent liabilities unless the outflow of resources is\nremote.
\n\u00a0
\nEquity and\nreserves
\n\u00a0
\nShare capital\nrepresents the nominal (par) value of shares that have been\nissued.
\n\u00a0
\nOther components of\nequity include the following:
\n\u00a0
\n| \n (i) \n | \n\n Foreign exchange\nreserves - comprises foreign currency translation differences\narising from the translation of financial statements of the\nGroup\u2019s foreign entities into Euro. \n | \n
| \n (ii) \n | \n\n Other\nreserves. \n | \n
| \n (iii) \n | \n\n Legal\nreserve. \n | \n
| \n (iv) \n | \n\n Dividend distributions\npayable to equity shareholders are included with short-term\nfinancial liabilities when the dividends are approved in general\nmeeting prior to the end of the reporting period. \n | \n
\u00a0
\nRetained earnings\ninclude all current and prior period retained profits. All\ntransactions with owners of the parent are recorded separately\nwithin equity.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "vKS_BzjebO": { "value": "Basis of\nconsolidation
\nThe Group's\nconsolidated financial statements consolidate those of the parent\ncompany and all of its subsidiaries as of 31 December 2025. The\nparent controls a subsidiary if it is exposed to, or has rights to,\nvariable returns from its involvement with the subsidiary and has\nthe ability to affect those returns through its power over the\nsubsidiary. The subsidiaries have a reporting date of 31\nDecember.
\nAll transactions and\nbalances between Group companies are eliminated on consolidation,\nincluding unrealised gains and losses on transactions between Group\ncompanies. Where unrealised losses on intra-group asset sales are\nreversed on consolidation, the underlying asset is also tested for\nimpairment losses from the Group perspective.
\nAmounts reported in the\nfinancial statements of subsidiaries have been adjusted where\nnecessary to ensure consistency with the accounting policies\nadopted by the Group.
\nThe Group attributes\ntotal comprehensive income or loss of subsidiaries between the\nowners of the company and the non-controlling interests based on\ntheir respective ownership interests.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "X7eLmH9Raf": { "value": "Business\ncombinations
\nThe Group applies the\nacquisition method in accounting for business combinations. The\nconsideration transferred by the Group to obtain control of a\nsubsidiary is calculated as the sum of the acquisition-date fair\nvalues of assets transferred, liabilities incurred, and the equity\ninterests issued by the Group, which includes the fair value of any\nasset or liability arising from a contingent consideration\narrangement. Acquisition costs are expensed as incurred.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "eZOMkVljly": { "value": "Investment in\nsubsidiaries
\nA subsidiary is an\nentity that is controlled by the Company. The Company controls an\ninvestee when the Company is exposed, or has rights, to variable\nreturns from its involvement with the investee and has the ability\nto affect those returns through its power over the\ninvestee.
\nInvestment in\nsubsidiaries, in the Company\u2019s financial statements are\nstated at cost less any accumulated impairment losses. Dividends\nfrom the investments are recognised in profit or loss.
\nAt each reporting date,\nthe Company reviews the carrying amount of its investment in\nsubsidiaries 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.
\nAn impairment loss is\nreversed only to the extent that the carrying amount of the\ninvestment does not exceed the carrying amount that would have been\ndetermined had no impairment loss been previously recognised.\u00a0\nImpairment losses and reversals are recognised immediately in\nprofit or loss.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "qrO5HBWD-N": { "value": "Property, plant and\nequipment
\nThe Group\u2019s and\nthe Company\u2019s property, plant and equipment are classified\ninto furniture, fittings and other equipment and improvements to\nleasehold land.
\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 Company and the cost of the item can\nbe measured reliably. Expenditure on repairs and maintenance of\nproperty, plant and equipment is recognised as an expense when\nincurred.
\nProperty, plant and\nequipment are stated at cost less any accumulated depreciation and\nany accumulated impairment losses.
\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 \u2018other operating\nincome\u2019 or \u2018other operating expenses\u2019 in the\nperiod of derecognition.
\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 its estimated useful lives, using the\nstraight-line method, on the following bases:
\n| \n Furniture, fixtures and\nother equipment \n | \n\n - over 3 to 10\nyears \n | \n
| \n Improvements to\nleasehold land \n | \n\n - over 5 years being\nthe term of the lease \n | \n
The depreciation method\napplied, the residual value and the useful life are reviewed, and\nadjusted if appropriate, at the end of each reporting\nperiod.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "R3gQkPePX7": { "value": "Investment\nproperty
\nInvestment property is\nproperty held to earn rentals or for capital appreciation or both.\nInvestment property is recognised as an asset when it is probable\nthat the future economic benefits that are associated with the\ninvestment property will flow to the entity and the cost can be\nmeasured reliably. Investment property is initially measured at\ncost, including transaction costs. Subsequent to initial\nrecognition, investment property is revalued annually and is stated\nat fair value in the statement of financial position at the end of\nthe reporting period. Gains or losses arising from changes in the\nfair value of investment property are recognised in profit or loss\nin the period in which they arise.
\nInvestment property is\nderecognised on disposal or when it is permanently withdrawn from\nuse and no future economic benefits are expected from its disposal.\nGains or losses on derecognition represent the difference between\nthe net disposal proceeds and the carrying amount and are\nrecognised in profit or loss in the period of\nderecognition.
\nProperty held for\nsale
\nInvestment property is\nclassified as property held for sale if their carrying amount will\nbe recovered principally through a sale transaction rather than\nthrough continuing use.\u00a0 Property held for sale is measured at\nfair value, in accordance with the Group\u2019s accounting policy\non investment property.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "eD1e8PAzj8": { "value": "Non-current assets\nand liabilities classified as held for sale
\nNon-current assets and\nliabilities classified as held for sale are presented separately\nand measured at the lower of their carrying amounts immediately\nprior to their classification as held for sale and their fair value\nless costs to sell. However, some held for sale assets such as\nfinancial assets or deferred tax assets, continue to be measured in\naccordance with the Group\u2019s relevant accounting policy for\nthose assets. Once classified as held for sale, the assets are not\nsubject to depreciation or amortisation.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "aCFcFfJFI1": { "value": "Leased assets\n\u2013 The Group as a Lessee
\nAny new contract\nentered into, the Group considers whether a contract is or contains\na lease. A lease is defined as \u2018a contract, or part of a\ncontract, that conveys the right to use an asset (the underlying\nasset) for a period of time in exchange for consideration\u2019.\nTo apply this definition, the Group assesses whether the contract\nmeets three key evaluations which are whether:
\n| \n \u2022 \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; \n | \n
| \n \u2022 \n | \n\n the Group has the right\nto obtain substantially all of the economic benefits from use of\nthe identified asset throughout the period of use, considering its\nrights within the defined scope of the contract; or \n | \n
| \n \u2022 \n | \n\n the Group has the right\nto direct the use of the identified asset throughout the period of\nuse. The Group assess whether it has the right to direct \u2018how\nand for what purpose\u2019 the asset is used throughout the period\nof use. \n | \n
\u00a0
\n(i)\u00a0\u00a0\nMeasurement and recognition of leases
\nAt lease commencement\ndate, the Group recognises a right-of-use asset and a lease\nliability as a separate financial line item on the statement of\nfinancial position. The right-of-use asset is measured at cost,\nwhich is made up of the initial measurement of the lease liability,\nany initial direct costs incurred by the Group, an estimate of any\ncosts to dismantle and remove the asset at the end of the lease,\nand any lease payments made in advance of the lease commencement\ndate (net of any incentives received).
\nThe Group depreciates\nthe right-of-use assets on a straight-line basis from the lease\ncommencement date to the earlier of the end of the useful life of\nthe right-of-use asset or the end of the lease term. The Group also\nassesses the right-of-use assets for impairment when such\nindicators exist.
\nAt the commencement\ndate, the Group measures the lease liabilities at the present value\nof the lease payments unpaid at that date, discounted using the\ninterest rate implicit in the lease if that rate is readily\navailable or the Group\u2019s incremental borrowing\nrate.
\nLease payments included\nin the measurement of the lease liabilities are made up of fixed\npayments (including in substance fixed payments).
\nSubsequent to initial\nmeasurement, the liability will be reduced for payments made and\nincreased for interest. It is remeasured to reflect any\nreassessment or modification, or if there are changes in\nin-substance fixed payments.
\nWhen the lease\nliability is remeasured, the corresponding adjustment is reflected\nin the right-of-use asset, or profit and loss if the right-of-use\nasset is already reduced to zero.
\nThe Group has elected\nto account for short-term leases and leases of low-value assets\nusing the practical expedients. Instead of recognising a\nright-of-use asset and lease liability, the payments in relation to\nthese are recognised as an expense in profit or loss on a\nstraight-line basis over the lease term.
Leases \u2013 Group\nas lessor
\nRental income from\noperating leases, less the aggregate cost of incentives given to\nthe lessee, is recognised as income in profit or loss on a\nstraight-line basis over the lease term unless another systematic\nbasis is more representative of the time pattern in which use\nbenefit derived from the leased asset is diminished. Initial direct\ncosts incurred in negotiating and arranging an operating lease are\nadded to the carrying amount of the leased asset and recognised as\nan expense in profit or loss on a straight-line basis over the\nlease term.
\nLeases are classified\nas finance leases whenever the terms of the lease transfer\nsubstantially all the risks and rewards incidental to ownership to\nthe lessee.\u00a0 All other leases are classified as operating\nleases.\u00a0 Lease classification is made at the inception of the\nlease, which is the earlier of the date of the lease agreement and\nthe date of commitment by the parties to the principal provisions\nof the lease.
\n\u00a0
\nLeased assets are\npresented in the statement of financial position according to their\nnature and are tested for impairment in accordance with the\nCompany\u2019s accounting policy on impairment.\u00a0 Rental\nincome from operating leases, less the aggregate cost of incentives\ngiven to the lessee, is recognised as income in profit or loss on a\nstraight-line basis over the lease term unless another systematic\nbasis is more representative of the time pattern in which use\nbenefit derived from the leased asset is diminished. Initial direct\ncosts incurred in negotiating and arranging an operating lease are\nadded to the carrying amount of the leased asset and recognised as\nan expense in profit or loss on a straight-line basis over the\nlease term.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Ivbh954xCH": { "value": "Financial\ninstruments
\n(i)\u00a0\u00a0\nRecognition and derecognition
\nFinancial assets and\nfinancial liabilities are recognised when the Group becomes a party\nto the contractual provisions of the financial\ninstrument.
\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. A\nfinancial liability is derecognised when it is extinguished,\ndischarged, cancelled or expires.
\n(ii)\u00a0\u00a0\nClassification and initial measurement of financial\nassets
\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).
\nFinancial assets, other\nthan those designated and effective as hedging instruments, are\nclassified into the following categories:
\n| \n - \n | \n\n amortised\ncost; \n | \n
| \n - \n | \n\n fair value through\nprofit or loss (FVTPL); or \n | \n
| \n - \n | \n\n fair value through other\ncomprehensive income (FVOCI). \n | \n
\u00a0
\nIn the periods\npresented the Group does not have any financial assets categorised\nFVOCI. The Group\u2019s derivative financial instruments are\nclassified as FVPTL.
\nThe classification is\ndetermined by both:
\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\nflow characteristics of the financial asset. \n | \n
\u00a0
\nAll income and expenses\nrelating to financial assets that are recognised in profit or loss\nare presented within \u2018finance costs\u2019, \u2018finance\nincome\u2019 or other financial items, except for impairment of\ntrade receivables which is presented within \u2018other operating\nexpenses\u2019.
\n(iii)\u00a0\u00a0\nSubsequent measurement of financial assets
\nFinancial assets are\nmeasured at amortised cost if the assets meet the following\nconditions (and are not designated as FVTPL):
\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; \n | \n
| \n - \n | \n\n the contractual terms of\nthe financial assets give rise to cash flows that are solely\npayments of principal and interest on the principal amount\noutstanding. \n | \n
\u00a0
\nAfter initial\nrecognition, these are measured at amortised cost using the\neffective interest method. Discounting is omitted where the effect\nof discounting is immaterial. The Group\u2019s cash in bank and on\nhand, loans and receivables, trade and most other receivables fall\ninto this category of financial instruments.
\n(iv)\u00a0\u00a0\nImpairment of financial assets
\nIFRS 9\u2019s\nimpairment requirements use forward-looking information to\nrecognise expected credit losses \u2013 the \u2018expected credit\nloss (ECL) model\u2019. Instruments within the scope of the\nrequirements included 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.
\nThe Group considers a\nbroad range of information when assessing credit risk and measuring\nexpected credit losses, including past events, current conditions,\nreasonable and supportable forecasts that affect the expected\ncollectability of the future cash flows of the\ninstrument.
\nIn applying this\nforward-looking approach, a distinction is made between:
\n| \n - \n | \n\n financial instruments\nthat have not deteriorated significantly in credit quality since\ninitial recognition or that have low credit risk (\u2018Stage\n1\u2019); and \n | \n
| \n - \n | \n\n financial instruments\nthat have deteriorated significantly in credit quality since\ninitial recognition and whose credit risk is not low (\u2018Stage\n2\u2019). \n | \n
\u00a0
\n\u2018Stage 3\u2019\nwould cover financial assets that have objective evidence of\nimpairment at the reporting date.
\n\u201812-month\nexpected credit losses\u2019 are recognised for the first category\nwhile \u2018lifetime expected credit losses\u2019 are recognised\nfor the second category.
\nMeasurement of the\nexpected credit losses is determined by a probability-weighted\nestimate of credit losses over the expected life of the financial\ninstrument.
\n(v)\u00a0\u00a0 Loans\nreceivables and trade and other receivables
\nThe Group makes use of\na simplified approach in accounting for loans receivables, trade\nand other receivables as well as contract assets and records the\nloss allowance as lifetime expected credit losses. These are the\nexpected shortfalls in contractual cash flows, considering the\npotential for default at any point during the life of the financial\ninstrument.\u00a0 In calculating, the Group uses its historical\nexperience, external indicators and forward-looking information to\ncalculate the expected credit losses using a provision\nmatrix.
\nThe Group assesses\nimpairment of loans receivables and trade and other receivables on\na collective basis as they possess shared credit risk\ncharacteristics they have been grouped based on the days past\ndue.
\n(vi)\u00a0\u00a0\nClassification and measurement of financial liabilities
\nThe Group\u2019s\nfinancial liabilities include bank loans, debt securities in issue,\ntrade and other payables and other financial\nliabilities.
\nFinancial liabilities\nare initially measured at fair value, and, where applicable,\nadjusted for transaction costs unless the Group designated a\nfinancial liability at fair value through profit or\nloss.
\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.
\nAll interest-related\ncharges and, if applicable, changes in an instrument\u2019s fair\nvalue that are reported in profit or loss are included within\n\u2018finance costs\u2019 or \u2018finance\nincome\u2019.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "qUMFJ18-R7": { "value": "Impairment testing\nof property, plant and equipment and investment\nproperty
\nIn the case of assets\ntested for impairment, the recoverable amount is the higher of fair\nvalue less costs to sell (which is the amount obtainable from sale\nin arm\u2019s length transaction between knowledgeable, willing\nparties, less the costs of disposal) and value in use (which is the\npresent value of the future cash flows expected to be derived,\ndiscounted using a pre\u2013tax discount rate that reflects\ncurrent market assessment of the time value of money and the risks\nspecific to the asset). Where the recoverable amount is less than\nthe carrying amount, the carrying amount of the asset is reduced to\nits recoverable amount, as calculated. Impairment losses are\nrecognised immediately in profit or loss.
\nIn the case of assets\ntested for impairment, an impairment loss recognised in a prior\nyear is reversed if there has been a change in the estimates used\nto determine the asset\u2019s recoverable amount since the last\nimpairment loss was recognised.
\nWhere an impairment\nloss subsequently reverses, the carrying amount of the asset is\nincreased to the revised estimate of its recoverable amount, but\nsuch that the increased carrying amount does not exceed the\ncarrying amount that would have been determined had no impairment\nloss been recognised for the asset in prior years.
\nImpairment reversals\nare recognised immediately in profit or loss.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "d1VKaIKp6P": { "value": "Revenue\nrecognition
\nRevenue is measured at\nthe fair value of the consideration received or receivable for\ngoods sold and services provided in the normal course of business,\nnet of value-added tax and discounts, where applicable.
\nTo determine whether to\nrecognise revenue, the Group follows a 5-step process:
\n| \n 1 \n | \n\n Identifying the contract\nwith 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 following specific\nrecognition criteria must also be met before revenue is\nrecognised:
\n(i)\u00a0\u00a0\nProvision of services
\nRevenue from the\nprovision of services arises from management services provided by\nthe Holding company to its subsidiaries. Revenue from these\nservices is recognised in the period in which the services are\nrendered. For practical purposes, when services are performed by an\nindeterminate number of acts over a specified period of time,\nrevenue is recognised on a straight-line basis over the specified\nperiod unless there is evidence that some other method better\nrepresents the stage of completion.
\n(ii)\u00a0\u00a0\nInterest income
\nInterest income is\naccrued on a time basis, by reference to the principal outstanding\nand at the effective interest rate applicable, which is the rate\nthat exactly discounts the estimated future cash receipts through\nthe expected life of the financial asset to the asset\u2019s net\ncarrying amount.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "bZQScIDstS": { "value": "Dividends
\n\u00a0
\nDividends are\nrecognised at the time the right to receive payment is\nestablished.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "hK_PgG_T0R": { "value": "Administrative\nexpenses
\n\u00a0
\nAdministrative expenses\nare recognised in profit or loss upon utilisation of the service or\nas incurred.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "KFY534DwIK": { "value": "Borrowing\ncosts
\n\u00a0
\nBorrowing costs include\nthe costs incurred in obtaining external financing. Borrowing costs\ndirectly 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\nuse or sale, are capitalised from the time that expenditure for\nthese assets and borrowing costs are being incurred and activities\nthat are necessary to prepare these assets for their intended use\nor sale are in progress.\u00a0 Borrowing costs are capitalised\nuntil such time as the assets are substantially ready for their\nintended use or sale. Borrowing costs are suspended during extended\nperiods in which active development is interrupted. All other\nborrowing costs are recognised as an expense in profit or loss in\nthe period in which they are incurred.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "VVQSs0J-Yk": { "value": "Taxation
\n\u00a0
\nCurrent and deferred\ntax is recognised in profit or loss, except when it relates to\nitems recognised in other comprehensive income or directly in\nequity, in which case the deferred tax is also dealt with in other\ncomprehensive income or in equity, as appropriate.
\n\u00a0
\nCurrent tax is based on\nthe taxable result for the period. 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. It is calculated using tax rates that have been\nenacted 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.
\n\u00a0
\nDeferred tax\nliabilities are generally recognised for all taxable temporary\ndifferences and deferred tax assets, are recognised to the extent\nthat it is probable that taxable profits will be available against\nwhich deductible temporary differences can be utilised.
\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.
\n\u00a0
\nCurrent tax assets and\nliabilities are offset when the Company has a legally enforceable\nright to set off the recognised amounts and intends either to\nsettle on a net basis, or to realise the asset and settle the\nliability simultaneously.
\n\u00a0
\nDeferred tax assets and\nliabilities are offset when the Company has a legally enforceable\nright to set off its current tax assets and liabilities and the\ndeferred tax assets and liabilities relate to income taxes levied\nby the same taxation authority on either the same taxable entity or\ndifferent taxable entities which intend either to settle current\ntax liabilities and assets on a net basis, or to realize the assets\nand settle the liabilities simultaneously, in each future period in\nwhich significant amounts of deferred tax liabilities or assets are\nexpected to be settled or recovered.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Zu_M7-JOpC": { "value": "Employee\nbenefits
\n\u00a0
\nThe Group contributes\ntowards the state pension in accordance with local legislation. The\nonly obligation of the Group is to make the required\ncontributions.\u00a0 Costs are expensed in the period in which they\nare incurred.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "TJPcmMyGwE": { "value": "Foreign currency\ntranslation
\n\u00a0
\nThe financial\nstatements of the Company and the consolidated financial statements\nof the Group are presented in the Company\u2019s functional\ncurrency, the Euro, being the currency of the primary economic\nenvironment in which the Company operates. Transactions denominated\nin currencies other than the functional currency are translated at\nthe exchange rates ruling on the date of transaction. Monetary\nassets and liabilities denominated in currencies other than the\nfunctional currency are re-translated to the functional currency at\nthe exchange rate ruling at period-end.\u00a0 Exchange differences\narising on the settlement and on the re-translation of monetary\nitems are dealt with in profit or loss. Non-monetary assets and\nliabilities denominated in currencies other than the functional\ncurrency that are measured at fair value are re-translated using\nthe exchange rate ruling on the date the fair value was\ndetermined.\u00a0 Non-monetary assets and liabilities denominated\nin currencies other than the functional currency that are measured\nin terms of historical cost are not re-translated. Exchange\ndifferences arising on the translation of non-monetary items\ncarried at fair value are included in profit or loss for the\nperiod, except for differences arising on the re-translation of\nnon-monetary items in respect of which gains and losses are\nrecognised in other comprehensive income.\u00a0 For such\nnon-monetary items, any exchange component of that gain or loss is\nalso recognised in other comprehensive income.
\n\u00a0
\nForeign exchange gains\nand losses are classified with other operating income or other\noperating expenses as appropriate, except in the case of\nsignificant exchange differences arising on investing or financing\nactivities, which are classified within investment income,\ninvestment losses or finance costs as appropriate.
\n\u00a0
\nFor the purpose of\npresenting these financial statements, income and expenses\n(including comparatives) of the Group\u2019s foreign operations\nwith functional currency other than the Euro are translated into\nEuro at the monthly average rate over the reporting period. Assets\nand liabilities (including comparatives) of the Group\u2019s\nforeign operations are translated to Euro at the exchange rate\nruling at the date of the statement of financial position. Goodwill\nand fair value adjustments arising on the acquisition of a foreign\nentity have been treated as assets and liabilities of the foreign\nentity and translated into Euro at the closing rate. Exchange\ndifferences are recognised in other comprehensive income and\naccumulated in the \u2018foreign exchange reserve\u2019 in\nequity. Such differences are reclassified from equity to profit or\nloss in the period in which the foreign operation is disposed\nof.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "jUZkg2r3Gt": { "value": "Cash at bank and on\nhand
\n\u00a0
\nCash at bank and on\nhand comprise cash on hand and demand deposits. Bank overdrafts\nthat are repayable on demand and form an integral part of the\nGroup\u2019s cash management are included as a component of cash\nand cash equivalents for the purpose of the statement of cash flows\nand are presented in current liabilities on the statement of\nfinancial position.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "fTLUlcH6gv": { "value": "Provisions,\ncontingent assets and contingent liabilities
\n\u00a0
\nProvisions are\nrecognised when the Group has a present legal or constructive\nobligation as a result of a past event, it is probable that an\noutflow of resources embodying economic benefits will be required\nto settle the obligation and a reliable estimate can be made of the\namount of the obligation. Provisions are measured at the\ndirectors\u2019 best estimate of the expenditure required to\nsettle the present obligation at the end of the reporting period.\nIf the effect of the time value of money is material, provisions\nare determined by discounting the expected future cash flows at a\npre-tax rate that reflects current market assessments of the time\nvalue of money and, where appropriate, the risks specific to the\nliability. Provisions are not recognised for future operating\nlosses.
\n\u00a0
\nAny reimbursement that\nthe Group is virtually certain to collect from a third party with\nrespect to the obligation is recognised as a separate asset.\nHowever, this asset may not exceed the amount of the related\nprovision.
\n\u00a0
\nNo liability is\nrecognised if an outflow of economic resources as a result of\npresent obligations is not probable. Such situations are disclosed\nas contingent liabilities unless the outflow of resources is\nremote.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "K3v8yY5XG-": { "value": "Equity and\nreserves
\n\u00a0
\nShare capital\nrepresents the nominal (par) value of shares that have been\nissued.
\n\u00a0
\nOther components of\nequity include the following:
\n\u00a0
\n| \n (i) \n | \n\n Foreign exchange\nreserves - comprises foreign currency translation differences\narising from the translation of financial statements of the\nGroup\u2019s foreign entities into Euro. \n | \n
| \n (ii) \n | \n\n Other\nreserves. \n | \n
| \n (iii) \n | \n\n Legal\nreserve. \n | \n
| \n (iv) \n | \n\n Dividend distributions\npayable to equity shareholders are included with short-term\nfinancial liabilities when the dividends are approved in general\nmeeting prior to the end of the reporting period. \n | \n
\u00a0
\nRetained earnings\ninclude all current and prior period retained profits. All\ntransactions with owners of the parent are recorded separately\nwithin equity.
", "dimensions": { "concept": "hiliproperties:DescriptionOfAccountingPolicyForEquityAndReservesExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Y.8I3A4ykY": { "value": "3. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nJudgements in applying accounting policies and\nkey sources of estimation uncertainty
\n\u00a0
\nOther than as disclosed\nbelow, in the process of applying the Group\u2019s and\nCompany\u2019s accounting policies, the directors have made no\njudgements which can significantly affect the amounts recognised in\nthe financial statements and, at the end of the reporting period,\nthere were no key assumptions concerning the future, or any other\nkey sources of estimation uncertainty, that have a significant risk\nof causing a material adjustment to the carrying amounts of assets\nand liabilities within the next financial year.
\n\u00a0
\nFair value of\ninvestment properties and properties held for sale
\n\u00a0
\nThe Group carries its\ninvestment properties at fair value, with changes in fair value\nbeing recognised in the statement of profit and loss.
\n\u00a0
\nDuring 2025, external\nmarket valuations were carried out for all of the properties within\nthe portfolio These external valuations were based using the\ndiscounted cash flow technique using the applicable discount rate\nand market yields as discussed below.
\n\u00a0
\nBased on these\nassessments, the directors are of the opinion that the fair value\ndetermined is an appropriate estimate of the fair value at 31\nDecember 2025. Movements in fair value are disclosed in notes 8, 9,\n10, 19 and 22.
\n\u00a0
\nInvestment properties\nare classified as level 3 of the fair value hierarchy.
\n\u00a0
\nInvestments in\nsubsidiaries
\n\u00a0
\nThe Company reviews\ninvestments in subsidiaries to evaluate whether events or changes\nin circumstances indicate that the carrying amounts may not be\nrecoverable. At the end of the year there was no objective evidence\nof impairment in this respect.
\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 utilise.
\n\u00a0
\nIn addition,\nsignificant judgement is required in assessing the impact of any\nlegal or economic limits or uncertainties in various tax\njurisdictions (see note 2).
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "IWUMQB35Dd": { "value": "4. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nNew or revised Standards or\nInterpretations
\n\u00a0
\nNew Standards\nadopted as at 1 January 2025
\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 and Company\u2019s financial results or position.
\n\u00a0
\nAmendments that are\neffective for the first time in 2025 and could be applicable to the\ncompany are:
\n\u00a0
\n| \n \u2022 \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 the disclosures have not been made.
\n\u00a0
\nStandards,\namendments and Interpretations to existing Standards that are not\nyet effective and have not been adopted early by the\nGroup
\n\u00a0
\nAt the date of\nauthorisation of these consolidated financial statements, several\nnew, but not yet effective, Standards and amendments to existing\nStandards, and Interpretations have been published by the IASB or\nIFRIC. None of these Standards or amendments to existing Standards\nhave been adopted early by the Group and the Company and no\nInterpretations have been issued that are applicable and need to be\ntaken into consideration by the Group and the Company at either\nreporting date.
\n\u00a0
\nStandards and\namendments that are not yet effective and have not been adopted\nearly by the Group and the Company include:
\n\u00a0
\n| \n \u2022 \n | \n\n Amendments to the\nClassification and Measurement of Financial Instruments (Amendments\nto IFRS 9 and 7) \n | \n
| \n \u2022 \n | \n\n Contracts Referencing\nNature-dependent Electricity (Amendments to IFRS 9 and IFRS\n7) \n | \n
| \n \u2022 \n | \n\n Annual Improvements to\nIFRS Accounting Standards\u2014Volume 11 \n | \n
| \n \u2022 \n | \n\n IFRS 19\n\u2018Subsidiaries without Public Accountability:\nDisclosures\u2019 \n | \n
| \n \u2022 \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.
\n\u00a0
\nManagement\u00a0anticipates\u00a0that all relevant\npronouncements will be adopted for the first period\u00a0beginning\non or after the effective date of the pronouncement.
\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 statements\u2019,\neffective for periods commencing on or after 1 January 2027, is\nexpected to have a material impact on the presentation of the\nfinancial Statements, and therefore relevant disclosures are\nincluded below.
\n\u00a0
\nAlthough IFRS 18\nincludes many of the requirements of IAS 1, it introduces new\nrequirements\u00a0to better structure financial statements and to\nprovide more detailed and useful information to investors, including:\n\u00a0
\n\u00a0
\n| \n \u2022 \n | \n\n two new subtotals\ndefined in the statement of profit or loss, namely (1) operating\nprofit and (2)\u00a0profit or loss before financing and income\ntaxes\u00a0 \n | \n
| \n \u2022 \n | \n\n the classification of\nall income and expenses within the statement of profit or loss in\none of five\u00a0categories\u00a0 \n | \n
| \n \u2022 \n | \n\n a new requirement\nto\u00a0disclose\u00a0performance measures defined by management,\nand\u00a0 \n | \n
| \n \u2022 \n | \n\n an improvement in the\nprinciples related to the aggregation and disaggregation of\ninformation in\u00a0the\u00a0financial statements and accompanying\nnotes. \n | \n
\u00a0
\nIFRS 18 will be applied\nretrospectively with specific transitional\nprovisions.\u00a0
\n\u00a0
\nThe Group and the\nCompany are currently working to\u00a0identify\u00a0all of\u00a0the\nimpacts that IFRS 18 will have on the primary\u00a0financial\nstatements and notes to\u00a0the\nfinancial\u00a0statements.\u00a0
\n\u00a0
\nOther\nnew\u00a0standards,\u00a0amendments\u00a0and Interpretations not\nadopted in the current year have not been disclosed as they are not\nexpected to have a material impact on the\u00a0consolidated\nfinancial statements.
", "dimensions": { "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "oqrrRZ6JTI": { "value": "5. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nSegment information
\n\u00a0
\nThe segment reporting\nof the Group is made in terms of the location which it conducts its\nbusiness in, as the risks and rates of return are affected\npredominantly by differences in the services provided in the\ndifferent locations. The Group is currently organised into five\nmain business segments: Malta, Latvia, Estonia, Lithuania and\nRomania. Each of these operating segments is managed separately as\neach of these lines requires local resources. All inter segment\ntransfers for management services are carried out on a cost basis.\nThe accounting policy for identifying segments is based on internal\nmanagement reporting information that is regularly reviewed by the\nchief operating decision maker.
\n\u00a0
\nRevenue reported below\nrepresents revenue generated from external customers. There were no\nintersegment sales in the year.\u00a0 The Group's reportable\nsegments under IFRS 8 are direct sales attributable to each line of\nbusiness.
\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 based on services provided.\u00a0 This\nis the measure reported to the chief operating decision maker for\nthe purposes of resource allocation and assessment of segment\nperformance. The accounting policies of the reportable segments are\nthe same as the Group's accounting policies described in note\n2.
\n\u00a0
\nReconciliations of\nreportable segment revenues, profit or loss, assets and liabilities\nto consolidated totals are reported below:
\n\u00a0
\nProfit before\ntaxation
\n\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \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 Total profit for\nreportable segments \n | \n\n 11 414\n790 \n | \n\n \u00a0\u00a010 965\n005 \n | \n
| \n Elimination of\ninter segment profits \n | \n\n (4 138\n219) \n | \n\n (1 694 252) \n | \n
| \n Unallocated\namounts: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0\nRevenue \n | \n\n 100\n012 \n | \n\n 100 010 \n | \n
| \n \u00a0 Administrative\nexpenses \n | \n\n (1 582\n534) \n | \n\n (1 759 648) \n | \n
| \n \u00a0 Investment\nIncome \n | \n\n 5\u00a0945\n615 \n | \n\n 1 316 517 \n | \n
| \n \u00a0 Investment\nLoss \n | \n\n - \n | \n\n (1 100 000) \n | \n
| \n \u00a0 Finance\ncosts \n | \n\n (2 777\n527) \n | \n\n (1 665 000) \n | \n
| \n \u00a0 Other\nunallocated \n | \n\n 23\n959 \n | \n\n (33 829) \n | \n
| \n \u00a0 \n | \n\n 8 986\n096 \n | \n\n 6 128 803 \n | \n
\u00a0
\nAssets
\n\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \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 Total assets for reportable\nsegments \n | \n\n 277 700\n221 \n | \n\n 253 568 114 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Elimination of inter\nsegment receivables \n | \n\n (119 627\n752) \n | \n\n (53 460\n259) \n | \n
| \n Unallocated\namounts: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 Non-current assets\nheld for sale and other assets \n | \n\n 2 525\n000 \n | \n\n 5 125 000 \n | \n
| \n \u00a0 Other financial\nassets \n | \n\n 15\n665 \n | \n\n 18 941 \n | \n
| \n \u00a0 Loans and\nreceivables \n | \n\n 83 056\n433 \n | \n\n \u00a0\u00a0\u00a0\u00a0 46 276 861 \n | \n
| \n \u00a0 Trade and other\nreceivables \n | \n\n 560\n345 \n | \n\n 816 670 \n | \n
| \n \u00a0 Cash and cash\nequivalents \n | \n\n 6 018\n623 \n | \n\n 597 691 \n | \n
| \n \u00a0 Other unallocated\namounts \n | \n\n (6\u00a0612) \n | \n\n - \n | \n
| \n \u00a0 \n | \n\n 250 241\n923 \n | \n\n 252 943 018 \n | \n
\u00a0
\nLiabilities
\n\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \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 Total liabilities for\nreportable segments \n | \n\n 134\u00a0432\n581 \n | \n\n 135 612 812 \n | \n
| \n Elimination of inter\nsegment payables \n | \n\n (120 035\n116) \n | \n\n (76 796\n315) \n | \n
| \n Unallocated\namounts: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 Trade and other\npayables \n | \n\n 1 144\n989 \n | \n\n 1 064 836 \n | \n
| \n \u00a0 Other financial\nliabilities \n | \n\n 58 313\n929 \n | \n\n 27 328 357 \n | \n
| \n \u00a0 Current tax\nliabilities \n | \n\n 77\n911 \n | \n\n 220 902 \n | \n
| \n \u00a0 Debt securities in\nissue \n | \n\n - \n | \n\n 36 939 753 \n | \n
| \n \u00a0 Bank\nborrowings \n | \n\n 49 199\n622 \n | \n\n 7 788 845 \n | \n
| \n \u00a0 Deferred tax\nliabilities \n | \n\n 192\n671 \n | \n\n 453 842 \n | \n
| \n \u00a0 \n | \n\n 123 326\n587 \n | \n\n 132 613\n032 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n\u00a0 \n\u00a0 \nMalta \n2025 \nEur \n | \n\n \u00a0 \n\u00a0 \n\u00a0 \nLatvia \n2025 \nEur \n | \n\n \u00a0 \n\u00a0 \n\u00a0 \nEstonia \n2025 \nEur \n | \n\n \u00a0 \n\u00a0 \n\u00a0 \nLithuania \n2025 \nEur \n | \n\n \u00a0 \n\u00a0 \n\u00a0 \nRomania \n2025 \nEur \n | \n\n \u00a0 \n\u00a0 \n\u00a0 \nTotal \n2025 \nEur \n | \n\n \u00a0 \n\u00a0 \n\u00a0 \nUnallocated \n2025 \nEur \n | \n\n \u00a0 \nEliminations and\nAdjustments \n2025 \nEur \n | \n\n \u00a0 \n\u00a0 \n\u00a0 \nConsolidated \n2025 \nEur \n | \n
| \n \u00a0 \nRevenue \n | \n\n \u00a0 \n1 588 034 \n | \n\n \u00a0 \n4 376 403 \n | \n\n \u00a0 \n109 996 \n | \n\n \u00a0 \n1 778 000 \n | \n\n \u00a0 \n9 145 894 \n | \n\n \u00a0 \n16 998 327 \n | \n\n \u00a0 \n100 000 \n | \n\n \u00a0 \n(366 964) \n | \n\n \u00a0 \n16 731\n363 \n | \n
| \n Unrealised exchange\nlosses \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 168 267 \n | \n\n 168 267 \n | \n\n \u00a0- \n | \n\n \u00a0 (2\n085) \n | \n\n 166\n182 \n | \n
| \n Profit/(loss) before\ntax \n | \n\n 1 055 974 \n | \n\n 4 534 439 \n | \n\n 194 260 \n | \n\n 1 108 071 \n | \n\n 4 522 046 \n | \n\n 11 414 790 \n | \n\n 2 538 016 \n | \n\n (4 966 710) \n | \n\n 8 986\n096 \n | \n
| \n Depreciation and\namortisation \n | \n\n - \n | \n\n 44 580 \n | \n\n \u00a0- \n | \n\n 1 996\n\u00a0 \n | \n\n 1 984 031 \n | \n\n 2 030 607 \n | \n\n 3 276\n\u00a0\u00a0\u00a0 \n | \n\n (1 983 215) \n | \n\n 50\n668 \n | \n
| \n Investment\nincome \n | \n\n 85 000 \n | \n\n 2 661 588 \n | \n\n 102 203\n\u00a0 \n | \n\n 419 059 \n | \n\n 1 689 560 \n | \n\n 4 957 410 \n | \n\n 12 445 615 \n | \n\n (13 379\n264) \n | \n\n 4 023\n761 \n | \n
| \n Investment\nlosses \n | \n\n -\u00a0 \n | \n\n (1 156 519) \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n (1 156 519) \n | \n\n \u00a0 - \n | \n\n (56 000) \n | \n\n (1 212\n519) \n | \n
| \n Finance income \n | \n\n 498 383 \n | \n\n 596 707 \n | \n\n - \n | \n\n 251 145 \n | \n\n 342 767 \n | \n\n 1 689 002 \n | \n\n 1 756 806 \n | \n\n (3 032 383) \n | \n\n 413\n425 \n | \n
| \n Finance costs \n | \n\n (620 266) \n | \n\n (1 373 310) \n | \n\n \u00a0- \n | \n\n (1 235 132) \n | \n\n (3 685 473) \n | \n\n (6 914 181) \n | \n\n (3 790 361) \n | \n\n 3 038 614 \n | \n\n (7 665\n928) \n | \n
| \n Segment assets \n | \n\n 71 835 930 \n | \n\n 80 980 990 \n | \n\n 1 555 903 \n | \n\n 35 947 843 \n | \n\n 87 379 555 \n | \n\n 277 700 221 \n | \n\n 201 933 740 \n | \n\n (229 392\n038) \n | \n\n 250 241\n923 \n | \n
| \n Investment\nproperty \n | \n\n \u00a0\u00a0 \u00a052\n829 000 \n | \n\n 7 197 000 \n | \n\n 1 540 000 \n | \n\n 25 152 009 \n | \n\n 107 961 775 \n | \n\n 194 679 784 \n | \n\n 2 525 000 \n | \n\n \u00a0- \n | \n\n 197 204\n784 \n | \n
| \n Additions to investment\nproperty \n | \n\n - \n | \n\n - \n | \n\n \u00a0- \n | \n\n 32 009 \n | \n\n 33 650 \n | \n\n 65\u00a0659 \n | \n\n - \n | \n\n \u00a0- \n | \n\n 65\n659 \n | \n
| \n Segment\nliabilities \n | \n\n 16 549 118 \n | \n\n 35 882 820 \n | \n\n 72 549 \n | \n\n 28 827 089 \n | \n\n 53 101 005 \n | \n\n 134 432 581 \n | \n\n 108 929 122 \n | \n\n (120\n035\u00a0116) \n | \n\n 123 326\n587 \n | \n
| \n Income tax\nexpense \n | \n\n (429 385) \n | \n\n (1 377 509) \n | \n\n \u00a0- \n | \n\n (119 159) \n | \n\n (382 864) \n | \n\n (2 308 917) \n | \n\n (76 784) \n | \n\n 4 480 \n | \n\n (2 381\n221) \n | \n
\u00a0
\n2024
\n| \n \u00a0 \n | \n\n \u00a0 \n\u00a0 \n\u00a0 \nMalta \n2024 \nEur \n | \n\n \u00a0 \n\u00a0 \n\u00a0 \nLatvia \n2024 \nEur \n | \n\n \u00a0 \n\u00a0 \n\u00a0 \nEstonia \n2024 \nEur \n | \n\n \u00a0 \n\u00a0 \n\u00a0 \nLithuania \n2024 \nEur \n | \n\n \u00a0 \n\u00a0 \n\u00a0 \nRomania \n2024 \nEur \n | \n\n \u00a0 \n\u00a0 \n\u00a0 \nTotal \n2024 \nEur \n | \n\n \u00a0 \n\u00a0 \n\u00a0 \nUnallocated \n2024 \nEur \n | \n\n \u00a0 \nEliminations and\nAdjustments \n2024 \nEur \n | \n\n \u00a0 \n\u00a0 \n\u00a0 \nConsolidated \n2024 \nEur \n | \n
| \n \u00a0 \nRevenue \n | \n\n \u00a0 \n1 562 317 \n | \n\n \u00a0 \n4 374 854 \n | \n\n \u00a0 \n\u00a0 109\n996 \n | \n\n \u00a0 \n1 739 812 \n | \n\n \u00a0 \n8 368 535 \n | \n\n \u00a0 \n16 155 514 \n | \n\n \u00a0 \n100 010 \n | \n\n \u00a0 \n(418 423) \n | \n\n \u00a0 \n15 837\n101 \n | \n
| \n Unrealised exchange\nlosses \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 29 340 \n | \n\n 29 340 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 29\n340 \n | \n
| \n Profit/(loss) before\ntax \n | \n\n 1 744 652 \n | \n\n 2 674 336 \n | \n\n (8 067) \n | \n\n 1 043 943 \n | \n\n 4 910 141 \n | \n\n 10 365 005 \n | \n\n (2 582 342) \n | \n\n (1 653 860) \n | \n\n 6 128\n803 \n | \n
| \n Depreciation and\namortisation \n | \n\n - \n | \n\n 76\u00a0113 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 1 829 765 \n | \n\n 1 905 878 \n | \n\n 904\u00a0 \n | \n\n (1 828 987) \n | \n\n 77\n795 \n | \n
| \n Investment\nincome \n | \n\n 977 000 \n | \n\n 1 404 053 \n | \n\n \u00a0 - \n | \n\n 875 186 \n | \n\n 1 562 929 \n | \n\n 4 819 168 \n | \n\n 1 316 517 \n | \n\n (2 791 801) \n | \n\n 3 343\n884 \n | \n
| \n Investment\nlosses \n | \n\n -\u00a0 \n | \n\n (1 382 408) \n | \n\n (98 896) \n | \n\n (364 051) \n | \n\n (76 315) \n | \n\n (1 921 670) \n | \n\n (1 165 613) \n | \n\n (675 408) \n | \n\n (3 762\n691) \n | \n
| \n Finance income \n | \n\n 383 280 \n | \n\n 637 418 \n | \n\n - \n | \n\n 262 169 \n | \n\n 369 915 \n | \n\n 1 652 782 \n | \n\n 1 732 444 \n | \n\n (2 876 708) \n | \n\n 508\n518 \n | \n
| \n Finance costs \n | \n\n (562 043) \n | \n\n (1 711 805) \n | \n\n \u00a0- \n | \n\n (1 372 148) \n | \n\n (3 384 128) \n | \n\n (7 030 124) \n | \n\n (2 896 200) \n | \n\n 2 882 387 \n | \n\n (7 043\n937) \n | \n
| \n Segment assets \n | \n\n 65 159 579 \n | \n\n 63 738 534 \n | \n\n 1 522 338 \n | \n\n 32 125 834 \n | \n\n 91 021 829 \n | \n\n 253 568 114 \n | \n\n 52 835 163 \n | \n\n (53 460\n259) \n | \n\n 252 943\n018 \n | \n
| \n Investment\nproperty \n | \n\n \u00a0 52 800\n000 \n | \n\n 7 270 180 \n | \n\n 1 437 797 \n | \n\n 24 700 941 \n | \n\n 105 472 214 \n | \n\n 191 681 132 \n | \n\n 2 525 000 \n | \n\n \u00a0- \n | \n\n 194 206\n132 \n | \n
| \n Additions to investment\nproperty \n | \n\n 23 000 \n | \n\n 465 082 \n | \n\n \u00a0- \n | \n\n - \n | \n\n 975 408 \n | \n\n 1 463 490 \n | \n\n - \n | \n\n \u00a0- \n | \n\n 1 463\n490 \n | \n
| \n Segment\nliabilities \n | \n\n 17 418 961 \n | \n\n 39 735 994 \n | \n\n 233 244 \n | \n\n 29 275 551 \n | \n\n 49 099 062 \n | \n\n 135 762 812 \n | \n\n 73 796 535 \n | \n\n (76 796\n315) \n | \n\n 132 763\n032 \n | \n
| \n Income tax\nexpense \n | \n\n (516 797) \n | \n\n (151 834) \n | \n\n \u00a0- \n | \n\n (49 202) \n | \n\n (528 327) \n | \n\n (1 246 160) \n | \n\n (110\u00a0628) \n | \n\n - \n | \n\n (1 356\n788) \n | \n
6. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nRevenue
\n\u00a0
\nRevenue represents the\ntotal invoiced value of services provided and rents receivable\nduring the year, net of any indirect taxes as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n Holding\ncompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n
| \n \u00a0 \nRental income \n | \n\n \u00a0 \n16 731\n363 \n | \n\n \u00a0 \n15 837 101 \n | \n\n \u00a0 \n100\n000 \n | \n\n \u00a0 \n\u00a0\u00a0100\n000 \n | \n
| \n Management fees \n | \n\n \u00a0-\u00a0\u00a0 \n | \n\n -\u00a0 \n | \n\n \u00a0\u00a0\u00a0\u00a0108 480 \n | \n\n 90 159 \n | \n
| \n \u00a0 \n | \n\n 16 731\n363 \n | \n\n 15 837 101 \n | \n\n 208\n480 \n | \n\n 190 159 \n | \n
7. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nOther operating income
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n Holding\ncompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \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 Fit-out revenues \n | \n\n - \n | \n\n 897 873 \n | \n\n - \n | \n\n - \n | \n
| \n Solar panel\nincome \n | \n\n 89\n503 \n | \n\n 68 820 \n | \n\n - \n | \n\n - \n | \n
| \n Miscellaneous\nincome \n | \n\n 203\n326 \n | \n\n 226 222 \n | \n\n 1\n462 \n | \n\n 24 408 \n | \n
| \n \u00a0 \n | \n\n 292\n829 \n | \n\n 1 192 915 \n | \n\n \u00a0\u00a0\u00a01\n462 \n | \n\n \u00a0 24\n408 \n | \n
8. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nInvestment income
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n Holding\ncompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \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 Increase in fair value\nof investment properties \n | \n\n 3 092\n668 \n | \n\n 3 343 884 \n | \n\n - \n | \n\n - \n | \n
| \n Increase in fair value\nof assets held for sale \n | \n\n 931\n093 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Dividends from\nsubsidiaries \n | \n\n - \n | \n\n - \n | \n\n 3 085\n580 \n | \n\n 350 204 \n | \n
| \n \u00a0 \n | \n\n 4 023\n761 \n | \n\n 3 343 884 \n | \n\n \u00a0\u00a0\n\u00a0\u00a03 085 580 \n | \n\n 350 204 \n | \n
9. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nInvestment losses
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n Holding\ncompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \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 Decrease in fair value of\ninvestment properties \n | \n\n 159\n675 \n | \n\n 1 179 987 \n | \n\n - \n | \n\n - \n | \n
| \n Decrease in fair value of\nproperties held for sale \n | \n\n 562\n782 \n | \n\n 2 293 151 \n | \n\n - \n | \n\n 1 100 000 \n | \n
| \n Acquisition related\ncosts \n | \n\n - \n | \n\n 289 553 \n | \n\n - \n | \n\n 65 613 \n | \n
| \n Loss on remeasurement of\nassets held for sale \n | \n\n 490\n062 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n \u00a0 \n | \n\n 1 212\n519 \n | \n\n 3 762\n691 \n | \n\n - \n | \n\n 1 165\n613 \n | \n
11. \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 Holding\ncompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \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 Interest on bank\nloans \n | \n\n 4 442\n627 \n | \n\n 4 883 534 \n | \n\n 1 072 001\n\u00a0\u00a0 \n | \n\n -\u00a0 \n | \n
| \n Interest on debt\nsecurities \n | \n\n 1 318\n315 \n | \n\n 1 665 000 \n | \n\n 1 318\n315 \n | \n\n 1 665 000 \n | \n
| \n Interest payable\non: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amounts due to\nsubsidiaries \n | \n\n -\u00a0 \n | \n\n -\u00a0 \n | \n\n 661\n661 \n | \n\n 441 084 \n | \n
| \n Amounts due to\nparent \n | \n\n 314\n507 \n | \n\n - \n | \n\n 314\n507 \n | \n\n - \n | \n
| \n Interest expense for\nleasing arrangements \n | \n\n 13\n799 \n | \n\n 12 810 \n | \n\n -\u00a0 \n | \n\n -\u00a0 \n | \n
| \n Amortisation of bond issue\nexpenses \n | \n\n 60\n247 \n | \n\n 77 044 \n | \n\n 60\n247 \n | \n\n 77 044 \n | \n
| \n Processing fees \n | \n\n 1 009\n699 \n | \n\n 111 647 \n | \n\n 12 457\n\u00a0\u00a0 \n | \n\n -\u00a0 \n | \n
| \n Amortisation of derivative\nfinancial instruments (note 21) \n | \n\n 340\n552 \n | \n\n 176 467 \n | \n\n -\u00a0 \n | \n\n -\u00a0 \n | \n
| \n Other fair value\nadjustments \n | \n\n - \n | \n\n 88 095 \n | \n\n -\u00a0 \n | \n\n -\u00a0 \n | \n
| \n Foreign exchange\ndifferences \n | \n\n 166\n182 \n | \n\n 29 340 \n | \n\n -\u00a0 \n | \n\n -\u00a0 \n | \n
| \n \u00a0 \n | \n\n 7 665\n928 \n | \n\n 7 043 937 \n | \n\n 3 439\n188 \n | \n\n 2 183 128 \n | \n
12. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nProfit/(loss) before tax
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n Holding\ncompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \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 Depreciation of\nproperty, plant and equipment \n | \n\n 26\n323 \n | \n\n 18 899 \n | \n\n 3\n276 \n | \n\n 904 \n | \n
| \n Amortisation of\nright-of-use assets \n | \n\n 24\n345 \n | \n\n 49 328 \n | \n\n -\u00a0 \n | \n\n -\u00a0 \n | \n
| \n Management fees\ncharged \n | \n\n 700\n000\u00a0 \n | \n\n 700 000 \n | \n\n 700\n000 \n | \n\n 700 000 \n | \n
| \n Legal and professional\nfees \n | \n\n 257\n909 \n | \n\n 269 538 \n | \n\n 33\n118 \n | \n\n 55 462 \n | \n
| \n Unrealised exchange\nlosses \n | \n\n 166\n182 \n | \n\n 29 340 \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 is 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 EUR80,613\n(2024 : Eur81,650 ) and the remuneration payable to the\nother auditors in respect of the audits of undertakings included in\nthe consolidated financial statements amounted to Eur94,453\n(2024: Eur78,600 ). Other fees payable to the parent\ncompany\u2019s auditors for non-audit services amounted to\nEur3,650 (2024: Eur9,318 ).
\n\u00a0
\nHolding\ncompany
\n\u00a0
\nThe remuneration\npayable to the Company\u2019s auditors for the audit of the\nCompany\u2019s financial statements amounted to Eur42,600\n\u00a0(2024: Eur45,700 ). Other fees payable to the\nCompany\u2019s auditors for non- audit services amounted to Eur\n1,250 \u00a0(2024: Eur6,516 ).
", "dimensions": { "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "NrrmMVAPjl": { "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 EUR80,613\n(2024 : Eur81,650 ) and the remuneration payable to the\nother auditors in respect of the audits of undertakings included in\nthe consolidated financial statements amounted to Eur94,453\n(2024: Eur78,600 ). Other fees payable to the parent\ncompany\u2019s auditors for non-audit services amounted to\nEur3,650 (2024: Eur9,318", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "RjwSW2XYzX": { "value": "13. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nKey management personnel\ncompensation
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n Holding\ncompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \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 Directors'\ncompensation: \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 Fees \n | \n\n 81\n882 \n | \n\n 76 418 \n | \n\n 71\n855 \n | \n\n 76 418 \n | \n
| \n Remuneration \n | \n\n 336\n312 \n | \n\n 382 617 \n | \n\n 336\n312 \n | \n\n 358 222 \n | \n
| \n \u00a0 \n | \n\n 418\n194 \n | \n\n 459 035 \n | \n\n 408\n167 \n | \n\n 434 640 \n | \n
| \n Other key\nmanagement personnel compensation \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Salaries and social\nsecurity contributions \n | \n\n 181\n311 \n | \n\n 239 784 \n | \n\n 128\n919 \n | \n\n 127 219 \n | \n
| \n \u00a0 \n | \n\n 181\n311 \n | \n\n 239 784 \n | \n\n 128\n919 \n | \n\n \u00a0\u00a0 127\n219 \n | \n
| \n Total Directors' fees\nand other key management personnel \n | \n\n 599\n505 \n | \n\n 698 819 \n | \n\n 537\n086 \n | \n\n 561 859 \n | \n
\u00a0
\nThe Group and the\nCompany incurred management fees in relation to the provision of\nkey management personnel services amounting to Eur700,000\n(2024: Eur700,000 ). These management fees were paid to the\nparent Company.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "wtsopEnfof": { "value": "14. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nStaff costs and employee\ninformation
\n\u00a0
\n| \n | \n Group \n | \n\n Holding\ncompany \n | \n||
| \n | \n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n | \n Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n
| \n Staff\ncosts: \n | \n\n | \n | \n | \n |
| \n Wages and\nsalaries \n | \n\n 779\n373 \n | \n\n 839 844 \n | \n\n 632\n237 \n | \n\n 641 374 \n | \n
| \n Recharges to related\nparties \n | \n\n (120\u00a0870) \n | \n\n - \n | \n\n (120\u00a0870) \n | \n\n - \n | \n
| \n Social security\ncosts \n | \n\n 36\n997 \n | \n\n 42 550 \n | \n\n 8\n492 \n | \n\n 8 464 \n | \n
| \n | \n 695\n500 \n | \n\n 882 394 \n | \n\n 519\n859 \n | \n\n 649 838 \n | \n
The average number of\npersons employed during the year, including Executive Directors,\nwas made up as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n Holding\ncompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \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 Administration \n | \n\n 9 \n | \n\n 11 \n | \n\n 4 \n | \n\n 4 \n | \n
| \n Operations \n | \n\n 2 \n | \n\n 2 \n | \n\n -\u00a0 \n | \n\n - \n | \n
| \n \u00a0 \n | \n\n 11 \n | \n\n 13 \n | \n\n 4 \n | \n\n 4 \n | \n
15. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nIncome tax expense
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n Holding\ncompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \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 Current tax\nexpense \n | \n\n 2\u00a0340\n284 \n | \n\n 1 061 854 \n | \n\n 337\n955 \n | \n\n 220 944 \n | \n
| \n Deferred tax\nexpense/(credit) \n | \n\n 40\n937 \n | \n\n 294 934 \n | \n\n (261\n171) \n | \n\n (110 316) \n | \n
| \n \u00a0 \n | \n\n 2 381\n221 \n | \n\n 1 356 788 \n | \n\n 76\n784 \n | \n\n 110 628 \n | \n
\u00a0
\nTax applying the\nstatutory domestic income tax rate and the income tax expense for\nthe period are reconciled as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n Holding\ncompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \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 Profit before tax from\ncontinuing operations \n | \n\n 8 986\n096 \n | \n\n 6 128 803 \n | \n\n 66\n770 \n | \n\n (2 763 627) \n | \n
| \n Tax at the applicable rate\nof 35% \n | \n\n 3 145\n134 \n | \n\n 2 145 081 \n | \n\n 23\n370 \n | \n\n (967 269) \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 Different tax rates of\nsubsidiaries operating in other jurisdictions \n | \n\n (838\n704) \n | \n\n (1 351 974) \n | \n\n -\u00a0 \n | \n\n -\u00a0 \n | \n
| \n Disallowable\nexpenses \n | \n\n 1 490\n119 \n | \n\n 1 086 119 \n | \n\n 1 385\n247 \n | \n\n 1 247 658 \n | \n
| \n Income not chargeable to\ntax \n | \n\n (519\n053) \n | \n\n (705\n648)\u00a0 \n | \n\n -\u00a0 \n | \n\n (267 188)\u00a0\n\u00a0\u00a0 \n | \n
| \n Maintenance\nallowance \n | \n\n (70\n480) \n | \n\n (73 923) \n | \n\n -\u00a0 \n | \n\n -\u00a0 \n | \n
| \n Income tax at\n15% \n | \n\n (30\n852) \n | \n\n (20 002) \n | \n\n (20\n002) \n | \n\n (20 002) \n | \n
| \n Net movement in value of\ninvestment property not subject to tax \n | \n\n (549\n667) \n | \n\n 136 378 \n | \n\n -\n\u00a0\u00a0 \n | \n\n 350\n000\u00a0\u00a0 \n | \n
| \n Foreign tax on\ndividends \n | \n\n - \n | \n\n 150\u00a0000 \n | \n\n (1 079\n953) \n | \n\n - \n | \n
| \n Untaxed dividend \n | \n\n -\u00a0 \n | \n\n -\u00a0 \n | \n\n - \n | \n\n (122 571) \n | \n
| \n Deferred tax not\nrecognized \n | \n\n (987) \n | \n\n (2 532) \n | \n\n -\u00a0 \n | \n\n -\u00a0 \n | \n
| \n Deferred tax on revaluation\nof investment property \n | \n\n (244\u00a0068) \n | \n\n (8 572) \n | \n\n (260\n000) \n | \n\n (110\n000)\u00a0 \n | \n
| \n Other\ndifferences \n | \n\n (260\n221) \n | \n\n 1 861 \n | \n\n (231\n878)\u00a0 \n | \n\n -\u00a0 \n | \n
| \n Tax on disposal of\ninvestment property \n | \n\n 260\n000 \n | \n\n - \n | \n\n 260\n000 \n | \n\n - \n | \n
| \n \u00a0 \n | \n\n 2 381\n221 \n | \n\n 1 356 788 \n | \n\n 76\n784 \n | \n\n 110 628 \n | \n
16. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nIntangible assets
\n\u00a0
\n| \n Group \n | \n\n Computer\nsoftware \nEur \n | \n
| \n Cost \n | \n\n \u00a0 \n | \n
| \n At 1 January\n2024 \n | \n\n 18 010 \n | \n
| \n Reclassified to non-current\nassets held for sale (note 38) \n | \n\n (2 345) \n | \n
| \n At 31 December 2024 and\n2025 \n | \n\n 15\n665 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Accumulated\namortisation \n | \n\n \u00a0 \n | \n
| \n At 1 January\n2024 \n | \n\n 2 345 \n | \n
| \n Reclassified to non-current\nassets held for sale (note 38) \n | \n\n (2 345) \n | \n
| \n At 31 December 2024 and\n2025 \n | \n\n -\u00a0 \n | \n
| \n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \n | \n\n \u00a0 \n | \n
| \n Carrying\namount \n | \n\n \u00a0 \n | \n
| \n At 31 December\n2024 \n | \n\n 15 665 \n | \n
| \n At 31 December\n2025 \n | \n\n 15\n665 \n | \n
\u00a0
\n\u00a0
\n| \n \u00a0 \nHolding\ncompany \n | \n\n Computer\nsoftware \nEur \n | \n
| \n Cost \n | \n\n \u00a0 \n | \n
| \n At 31 December 2025 and 31\nDecember 2024 \n | \n\n 15 665 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Carrying\namount \n | \n\n \u00a0 \n | \n
| \n At 31 December\n2025 and 31 December\n2024 \n | \n\n 15\n665 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nAs at 31 December\n2025, all intangible assets owned by the Group and the Company have\nbeen put into use.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Qsxdkgpo2i": { "value": "17. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nProperty, plant and equipment
\n\u00a0
\n| \n Group \n | \n\n Furniture, fittings\nand other equipment Eur \n | \n\n Improvements to\nleasehold land \nEur \n | \n\n Total \nEur \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 At 1 January\n2024 \n | \n\n 799 830 \n | \n\n 248 110 \n | \n\n 1 047 940 \n | \n
| \n Additions \n | \n\n 2 766 \n | \n\n -\u00a0 \n | \n\n 2 766 \n | \n
| \n Reclassified to non-current\nassets held for sale \n | \n\n (519\u00a0836) \n | \n\n - \n | \n\n (519 836) \n | \n
| \n Disposals \n | \n\n (3 322) \n | \n\n -\u00a0 \n | \n\n (3 322) \n | \n
| \n At 1 January\n2025 \n | \n\n 279 438 \n | \n\n 248 110 \n | \n\n 527 548 \n | \n
| \n Additions \n | \n\n - \n | \n\n -\u00a0 \n | \n\n - \n | \n
| \n Disposals \n | \n\n (21 006) \n | \n\n -\u00a0 \n | \n\n (21 006) \n | \n
| \n At 31 December\n2025 \n | \n\n 258\n432 \n | \n\n 248\n110 \n | \n\n 506\n542 \n | \n
| \n \u00a0 \nAccumulated\ndepreciation \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 1 January\n2024 \n | \n\n 679 195 \n | \n\n 248 110 \n | \n\n 927 305 \n | \n
| \n Provision for the\nyear \n | \n\n 28 467 \n | \n\n -\u00a0 \n | \n\n 28 467 \n | \n
| \n Reclassified to non-current\nassets held for sale \n | \n\n (437 675) \n | \n\n - \n | \n\n (437 675) \n | \n
| \n Disposals \n | \n\n (3 210) \n | \n\n -\u00a0 \n | \n\n (3 210) \n | \n
| \n At 1 January\n2025 \n | \n\n 266 777 \n | \n\n 248 110 \n | \n\n 514 887 \n | \n
| \n Adjustments \n | \n\n (18 302) \n | \n\n - \n | \n\n (18 302) \n | \n
| \n Adjusted as at 1 January\n2025 \n | \n\n 248 475 \n | \n\n 248 110 \n | \n\n 496 585 \n | \n
| \n Provision for the\nyear \n | \n\n 26 323 \n | \n\n -\u00a0 \n | \n\n 26 323 \n | \n
| \n Disposals \n | \n\n (18 895) \n | \n\n -\u00a0 \n | \n\n (18 895) \n | \n
| \n At 31 December\n2025 \n | \n\n 255\n903 \n | \n\n 248\n110 \n | \n\n 504\n013 \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 At 31 December\n2024 \n | \n\n 12 661 \n | \n\n -\u00a0 \n | \n\n 12 661 \n | \n
| \n At 31 December\n2025 \n | \n\n 2\n529 \n | \n\n -\u00a0 \n | \n\n 2\n529 \n | \n
\u00a0
\n| \n Holding\ncompany \n | \n\n Furniture, fittings\nand other equipment Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Cost \n | \n\n \u00a0 \n | \n
| \n At 1 January\n2024 \n | \n\n 23 818 \n | \n
| \n Additions \n | \n\n 2 766 \n | \n
| \n At 1 January\n2025 \n | \n\n 26 584 \n | \n
| \n Additions \n | \n\n - \n | \n
| \n At 31 December\n2025 \n | \n\n 26\n584 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Accumulated\ndepreciation \n | \n\n \u00a0 \n | \n
| \n At 1 January\n2024 \n | \n\n 22 404 \n | \n
| \n Provision for the\nyear \n | \n\n 904 \n | \n
| \n At 1 January\n2025 \n | \n\n 23 308 \n | \n
| \n Provision for the\nyear \n | \n\n 3 276 \n | \n
| \n At 31 December\n2025 \n | \n\n 26\n584 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Carrying\namount \n | \n\n \u00a0 \n | \n
| \n At 31 December\n2024 \n | \n\n 3 276 \n | \n
| \n At 31 December\n2025 \n | \n\n - \n | \n
18. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nRight-of-use assets
\n\u00a0
\nThe following assets\nhas been recognized as right-of-use assets for the\nGroup:
\n\u00a0
\n| \n \u00a0 \n | \n\n Land \nEur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Gross carrying\namount \n | \n\n \u00a0 \n | \n
| \n At 1 January\n2024 \n | \n\n 466 568 \n | \n
| \n Reclassified to non-current\nassets held for sale (note 38) \n | \n\n (91 978) \n | \n
| \n At 1 January\n2025 \n | \n\n 374 590 \n | \n
| \n Additions \n | \n\n 174 \n | \n
| \n At 31 December\n2025 \n | \n\n 374\n764 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Depreciation \n | \n\n \u00a0 \n | \n
| \n At 1 January\n2024 \n | \n\n 133 560 \n | \n
| \n Reclassified to non-current\nassets held for sale (note 38) \n | \n\n (7 977) \n | \n
| \n Provision for the\nyear \n | \n\n 49 328 \n | \n
| \n At 1 January\n2025 \n | \n\n 174 911 \n | \n
| \n Adjustment \n | \n\n (4 126) \n | \n
| \n Adjusted as at 1 January\n2025 \n | \n\n 170 785 \n | \n
| \n Provision for the\nyear \n | \n\n 24 345 \n | \n
| \n At 31 December\n2025 \n | \n\n 195\n130 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Carrying\namount \n | \n\n \u00a0 \n | \n
| \n At 31 December\n2024 \n | \n\n 199 679 \n | \n
| \n At 31 December\n2025 \n | \n\n 179\n634 \n | \n
\u00a0
\nThe depreciation charge\non right-of-use assets was included in administrative\nexpenses.
\n\u00a0
\nThe information\npertaining to the gross carrying amount, depreciation recognised\nduring the year and other movements in right-of-use assets is\nincluded in the above table. \u00a0 Information pertaining to lease liabilities and their\ncorresponding maturities are disclosed separately in note\n27.
", "dimensions": { "concept": "hiliproperties:DescriptionOfAccountingPolicyForRightOfUseAssetsExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "uxV-tngkMA": { "value": "18. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nRight-of-use assets
\n\u00a0
\nThe following assets\nhas been recognized as right-of-use assets for the\nGroup:
\n\u00a0
\n| \n \u00a0 \n | \n\n Land \nEur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Gross carrying\namount \n | \n\n \u00a0 \n | \n
| \n At 1 January\n2024 \n | \n\n 466 568 \n | \n
| \n Reclassified to non-current\nassets held for sale (note 38) \n | \n\n (91 978) \n | \n
| \n At 1 January\n2025 \n | \n\n 374 590 \n | \n
| \n Additions \n | \n\n 174 \n | \n
| \n At 31 December\n2025 \n | \n\n 374\n764 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Depreciation \n | \n\n \u00a0 \n | \n
| \n At 1 January\n2024 \n | \n\n 133 560 \n | \n
| \n Reclassified to non-current\nassets held for sale (note 38) \n | \n\n (7 977) \n | \n
| \n Provision for the\nyear \n | \n\n 49 328 \n | \n
| \n At 1 January\n2025 \n | \n\n 174 911 \n | \n
| \n Adjustment \n | \n\n (4 126) \n | \n
| \n Adjusted as at 1 January\n2025 \n | \n\n 170 785 \n | \n
| \n Provision for the\nyear \n | \n\n 24 345 \n | \n
| \n At 31 December\n2025 \n | \n\n 195\n130 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Carrying\namount \n | \n\n \u00a0 \n | \n
| \n At 31 December\n2024 \n | \n\n 199 679 \n | \n
| \n At 31 December\n2025 \n | \n\n 179\n634 \n | \n
\u00a0
\nThe depreciation charge\non right-of-use assets was included in administrative\nexpenses.
\n\u00a0
\nThe information\npertaining to the gross carrying amount, depreciation recognised\nduring the year and other movements in right-of-use assets is\nincluded in the above table. \u00a0 Information pertaining to lease liabilities and their\ncorresponding maturities are disclosed separately in note\n27.
", "dimensions": { "concept": "ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "JSEetfvG_E": { "value": "19. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nInvestment property
\n\u00a0
\n| \n Group \n | \n\n Retail/ Commercial\nProperties \n | \n\n Office\nProperties \n | \n\n Other\nProperties \n | \n\n \u00a0 \nTotal \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 At 1 January\n2024 \n | \n\n 117 577 300 \n | \n\n 85 238 523 \n | \n\n 26 000 000 \n | \n\n 228 815 823 \n | \n
| \n Additions \n | \n\n 465 082 \n | \n\n 998 408 \n | \n\n -\u00a0\u00a0 \n | \n\n 1 463 490 \n | \n
| \n Disposals \n | \n\n (277 860) \n | \n\n - \n | \n\n - \n | \n\n (277 860) \n | \n
| \n Increase in fair value\n(note 8) \n | \n\n 2 432 884 \n | \n\n 911 000 \n | \n\n -\n\u00a0\u00a0\u00a0 \n | \n\n 3 343 884 \n | \n
| \n Decrease in fair value\n(note 9) \n | \n\n (1 697 730) \n | \n\n \u00a0(675\n408)\u00a0\u00a0 \u00a0\u00a0\u00a0 \n | \n\n \u00a0-\u00a0\u00a0 \n | \n\n (2 373 138) \n | \n
| \n Reclass to held for sale\n(note 38) \n | \n\n (36\n766\u00a0067) \n | \n\n \u00a0-\u00a0\u00a0 \n | \n\n \u00a0-\u00a0\u00a0 \n | \n\n (36 766\n067) \n | \n
| \n At 31 December\n2024 \n | \n\n 81 733 609 \n | \n\n 86 472 523 \n | \n\n 26 000 000 \n | \n\n 194 206 132 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Additions\u00a0\u00a0\u00a0\u00a0 \n | \n\n 32 010 \n | \n\n 33 649 \n | \n\n \u00a0-\u00a0\u00a0 \n | \n\n 65 659 \n | \n
| \n Increase in fair value\n(note 8) \n | \n\n 2 269 367 \n | \n\n 823 301 \n | \n\n \u00a0-\u00a0\u00a0 \n | \n\n 3 092 668 \n | \n
| \n Decrease in fair value\n(note 9) \n | \n\n (103\u00a0675) \n | \n\n - \n | \n\n \u00a0(56 000)\n\u00a0\u00a0\u00a0 \n | \n\n (159 675) \n | \n
| \n At 31 December\n2025 \n | \n\n 83 931\n311 \n | \n\n 87 329\n473 \n | \n\n 25 944\n000 \n | \n\n 197 204\n784 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\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 \u00a0 \n | \n\n Office \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Properties \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \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 At 1 January 2024, 1\nJanuary 2025 and 31 December 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n2 525\n000 \n | \n\n 2 525\n000 \n | \n
\u00a0
\nValuation techniques\nand inputs
\n\u00a0
\nFor the fair value of\nthe investment properties located in Malta, both external valuation\nand internal assessments were determined based on comparable\nmethods. The significant unobservable inputs were the rental yields\nand rental rates per square meter being derived from the\nproperties.
\n\u00a0
\n| \n \u00a0 \n | \n\n Range of\nsignificant unobservable \n | \n||
| \n \u00a0 \n | \n\n Inputs \n | \n||
| \n \u00a0 \n | \n\n Rental\nYields \n | \n\n \u00a0 \n | \n\n Rental rates per\nsquare metre \n | \n
| \n \u00a0 \n | \n\n % \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a02025 \n | \n\n 6.0-4.0 \n | \n\n \u00a0 \n | \n\n 678.39-109.89 \n | \n
| \n 2024 \n | \n\n 6.0-4.0 \n | \n\n \u00a0 \n | \n\n 678.39-109.89 \n | \n
\u00a0
\nFor the fair value of\nthe investment properties located in Baltics, both external\nvaluation and internal assessments were determined based on\ncomparable methods. The significant unobservable inputs were the\nrental yields and rental rates per square metre being derived from\nthe properties.
\n\u00a0
\n| \n \u00a0 \n | \n\n Range of\nsignificant unobservable \n | \n||
| \n \u00a0 \n | \n\n Inputs \n | \n||
| \n \u00a0 \n | \n\n Discount\nrate \n | \n\n \u00a0 \n | \n\n Growth\nrate \n | \n
| \n \u00a0 \n | \n\n % \n | \n\n \u00a0 \n | \n\n % \n | \n
| \n 2025-\nBaltics \n | \n\n 7.9-12.35 \n | \n\n \u00a0 \n | \n\n 1.8-3 \n | \n
| \n 2024-\nBaltics \n | \n\n 8.88-10.5 \n | \n\n \u00a0 \n | \n\n 0.48-17.833 \n | \n
\u00a0
\nFor each valuation for\nwhich rental value and capitalisation rate have been determined to\nbe the significant unobservable inputs, the higher the rental value\nand the lower the capitalisation rate, the higher the fair\nvalue.\u00a0 Conversely, the lower the rental value and the higher\nthe capitalisation rate, the lower the fair value. A reasonable\nchange in the unobservable inputs is not expected to result in a\nmaterial change in the value of the\nproperty.\u00a0\u00a0
\n\u00a0
\n\n\u00a0
\nOperating leases\n\u2013 the Group as lessor
\n\u00a0
\nAlthough the risks\nassociated with rights that the Group retains in underlying assets\nare not considered to be significant, the Group employs strategies\nto further minimise these risks. For example, ensuring all\ncontracts include clauses requiring the lessee to compensate the\nGroup when a property has been subjected to excess wear-and-tear\nduring the lease term.
\n\u00a0
\nAt the end of the\nreporting period, the respective lessees had outstanding\ncommitments under non-cancellable operating leases, which fall due\nas follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n Holding\ncompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \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 Within one year \n | \n\n 12 989\n761 \n | \n\n 12 458 435 \n | \n\n 100\n000 \n | \n\n 100 000 \n | \n
| \n Between one and five\nyears \n | \n\n 62 417\n707 \n | \n\n 60 189 388 \n | \n\n - \n | \n\n 200 000 \n | \n
| \n After five years \n | \n\n 116\n308\u00a0192 \n | \n\n 114 903 362 \n | \n\n \u00a0-\u00a0\u00a0 \n | \n\n \u00a0-\u00a0\u00a0 \n | \n
| \n \u00a0 \n | \n\n 191\n715\u00a0660 \n | \n\n 187 551 185 \n | \n\n 100\n000 \n | \n\n 300 000 \n | \n
20. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nInvestment in subsidiaries
\n\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \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 At 1 January \n | \n\n \u00a0109 233\n713 \n | \n\n 79 096 407 \n | \n
| \n Acquisition of subsidiaries\n(note\n33)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \n | \n\n - \n | \n\n 30 140 000 \n | \n
| \n Reduction in share capital\nof subsidiaries \n | \n\n (10\n000\u00a0000) \n | \n\n - \n | \n
| \n Investment\nwritten-off \n | \n\n - \n | \n\n (2 694) \n | \n
| \n At 31\nDecember \n | \n\n 99 233\n713 \n | \n\n 109 233 713 \n | \n
\u00a0
\n\u00a0
\nDetails of the\nCompany\u2019s direct and indirect subsidiaries at 31 December\n2025 and 2024 are as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n Proportion\nof \nownership \ninterest \n% \n | \n
| \n Hili Estates Holdings\nCompany Limited \n | \n\n 100 (2024:\u00a0\n100) \n | \n
| \n Hili Estates\nLimited \n | \n\n 100 (2024:\u00a0\n100) \n | \n
| \n Premier Estates\nLimited \n | \n\n 100 (2024:\u00a0\n100) \n | \n
| \n Harbour (APM)\nInvestments Limited \n | \n\n 100 (2024:\u00a0\n100) \n | \n
| \n Premier Assets\nSRL \n | \n\n 100 (2024:\u00a0\n100) \n | \n
| \n Hili Premier Estates\nRomania SRL \n | \n\n 100 (2024:\u00a0\n100) \n | \n
\u00a0
\nThe registered office\nand principal place of business of all the above Group undertakings\nis Nineteen Twenty Three, Valletta Road, Marsa MRS 3000,\nMalta.
\n\u00a0
\nDetails of the other\ndirect and indirect subsidiaries are as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n Proportion\nof \nownership \ninterest \n% \n | \n
| \n Hili Properties\nBV \n | \n\n 100\n(2024:100) \n | \n
\u00a0
\nThe registered office\nand principal place of business of the above Group undertaking is\nHerikerbergweg 88, 1101 CM, Amsterdam, Netherlands.
\n\u00a0
\n| \n Premier Estates Eesti\nO\u00dc \n | \n\n 100\n(2024:100) \n | \n
\u00a0
\nThe registered office\nand principle place of business of the above Group undertaking is\nMaakri tn 23a 10145 Kesklinna linnaosa Tallinn, Estonia.
\n\u00a0
\n| \n Premier Estates Ltd\nSIA \n | \n\n 100\n(2024:100) \n | \n
\u00a0
\nThe registered office\nand principal place of business of the above Group undertaking is\nSatekles street 2B, LV-1050, Latvia.
\n\u00a0
\n| \n Apex Investments\nSIA \n | \n\n 100\n(2024:100) \n | \n
\u00a0
\nThe registered office\nand principal place of business of the above Group undertaking is\nSatekles street 2B, LV-1050, Latvia.
\n\u00a0
\n| \n Premier Estates Lietuva\nUAB \n | \n\n 100\n(2024:100) \n | \n
\u00a0
\nThe registered office\nand principal place of business of the above Group undertaking is\nTilto g. 1, LT-01101, Vilnius, the Republic of\nLithuania.
\n\u00a0
\n| \n Indev UAB \n | \n\n 100\n(2024:100) \n | \n
\u00a0
\nThe registered office\nand principal place of business of the above Group undertaking is\nTilto g. 1, LT-01101, Vilnius, the Republic of Lithuania
\n\u00a0
\n| \n Tirdzniecibas Centrs\nDole SIA \n | \n\n 100\n(2024:100) \n | \n
\u00a0
\nThe registered office\nand principal place of business of the above Group undertaking is\nR\u012bga, Latgales iela 357 \u2013 2, Latvia.
\n\u00a0
\n| \n SC Stirnu SIA \n | \n\n 100\n(2024:100) \n | \n
\u00a0
\nThe registered office\nand principal place of business of the above Group undertakings is\nSatekles street 2B, LV-1050, Latvia.
\n\u00a0
\n| \n Hili Premier Estates\nRomania SRL \n | \n\n 100\n(2024:100) \n | \n
\u00a0
\nThe registered office\nand principal place of business of the above Group undertaking is\n4-8 Nicolae Titulescu road, America house, 5th floor, Sector 1,\nBucharest, Romania.
\n\u00a0
\n| \n Premier Assets Romania\nSRL \n | \n\n 100\n(2024:100) \n | \n
\u00a0
\nThe registered office\nand principal place of business of the above Group undertaking is\n4-8 Nicolae Titulescu road, America House, 7th floor, Sector 1,\nBucharest, Romania.
\n\u00a0
\n| \n Baneasa Real Estates\nSRL \n | \n\n 100 (2024:\n100) \n | \n
\u00a0
\nThe registered office\nand principal place of business of the above Group undertaking is\n89A Bucure\u0219ti-Ploie\u0219ti Road, building C2, 4th floor, reception\narea, Bucharest, 1st District, Romania.
\n\u00a0
\nThe principal activity\nof the above-mentioned companies is to hold and rent immovable\nproperty, with the exception of Hili Estates Holding Company\nLimited and Hili Properties BV which act as holding\ncompanies.
\n\u00a0
\nDetails of the share\ncapital and reserves and profit for the year of the companies in\nwhich the Company has direct ownership interest are as\nfollows:
\n\u00a0
\n| \n 2025 \n | \n\n Equity \n | \n\n Profit/(loss) for\nthe year \n | \n
| \n Eur \n | \n\n Eur \n | \n|
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Baneasa Real Estates\nSRL \n | \n\n 7 135 692 \n | \n\n 573 405 \n | \n
| \n Harbour (APM)\nInvestments Ltd \n | \n\n 24 018 742 \n | \n\n 5 721 \n | \n
| \n Hili Estates Holdings\nCompany Limited \n | \n\n 7 353 423 \n | \n\n (357) \n | \n
| \n Hili Properties\nBV \n | \n\n 1 020 570 \n | \n\n \u00a0 2 471\n246 \n | \n
| \n Premier Assets\nSRL \n | \n\n 9 520 778 \n | \n\n 1 793 377 \n | \n
| \n Hili Premier Estates\nRomania SRL \n | \n\n 17 622 080 \n | \n\n 1 772 399 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 2024 \n | \n\n Equity \n | \n\n Profit/(loss) for\nthe year \n | \n
| \n Eur \n | \n\n Eur \n | \n|
| \n Baneasa Real Estates\nSRL \n | \n\n 17 909 466 \n | \n\n 1 195 041 \n | \n
| \n Harbour (APM)\nInvestments Ltd \n | \n\n 24 064 540 \n | \n\n 11 692 \n | \n
| \n Hili Estates Holdings\nCompany Limited \n | \n\n 7 353 781 \n | \n\n (1 552) \n | \n
| \n Hili Properties\nBV \n | \n\n 6 249 324 \n | \n\n 181 285 \n | \n
| \n Premier Assets\nSRL \n | \n\n 7 812 760 \n | \n\n 2 050 958 \n | \n
| \n Hili Premier Estates\nRomania SRL \n | \n\n 16 200 541 \n | \n\n 1 135 815 \n | \n
21. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nLoans and receivables and Derivative financial\ninstruments
\n| \n Group \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n Loan to related\ncompanies \n | \n\n Loan to ultimate\nparent \n | \n\n Derivative\nfinancial instruments \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 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amortised\ncost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31 December\n2025 \n | \n\n 20 962 \n | \n\n - \n | \n\n - \n | \n\n 20 962 \n | \n
| \n Less: amounts\nexpected to be settled within 12 months (shown under current\nassets) \n | \n\n (20\u00a0962) \n | \n\n - \n | \n\n - \n | \n\n (20\n962) \n | \n
| \n Amounts expected to\nbe settled after 12 months (shown under non-current\nassets) \n | \n\n - \n | \n\n - \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 Fair value through\nprofit and loss \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31 December\n2025 \n | \n\n - \n | \n\n - \n | \n\n 5 602 \n | \n\n 5 602 \n | \n
| \n Less: amounts\nexpected to be settled within 12 months (shown under current\nassets) \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Amounts expected to\nbe settled after 12 months (shown under non-current\nassets) \n | \n\n - \n | \n\n - \n | \n\n 5\n602 \n | \n\n 5\n602 \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 Amortised\ncost \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 4 106 \n | \n\n 547 413 \n | \n\n - \n | \n\n 551 519 \n | \n
| \n Less: amounts expected\nto be settled within 12 months (shown under current\nassets) \n | \n\n (4 106) \n | \n\n (547 413) \n | \n\n - \n | \n\n (551 519) \n | \n
| \n Amounts expected to be\nsettled after 12 months (shown under non-current assets) \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
\u00a0
\n| \n Fair value through\nprofit and loss \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 - \n | \n\n - \n | \n\n 70 432 \n | \n\n 70 432 \n | \n
| \n Less: amounts expected\nto be settled within 12 months (shown under current\nassets) \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n
| \n Amounts expected to be\nsettled after 12 months (shown under non-current assets) \n | \n\n - \n | \n\n - \n | \n\n 70 432 \n | \n\n 70 432 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nAmounts due from\nultimate parent amounted to\u00a0 nil (2024:\nEur547,413 ) which carried interest rate at the rate of 4.5%\nper annum.
\n\u00a0
\nIn September 2022, the\nGroup entered into an interest rate cap agreement with a notional\namount of EUR 20,350,500 , with a cap rate of 2.5%, for a\ntotal premium of EUR 843,660 .
\n\u00a0
\nIn 2025, following the\ndrawdown of an additional loan secured on the same property, the\nGroup entered into a further interest rate cap agreement for a\npremium of EUR 12,000.
\n\u00a0
\nAmortisation on the\ncosts amounted to Eur340,552 (2023: Eur176,467 )\nincluded as part of finance costs. The interest rate agreement\nmatures on 10 May 2027.
\n\u00a0
\nIn January 2024, the\nGroup entered into an interest swap agreement with a notional\namount of Eur10.224.375 at an interest rate cap of 2.945%\nfor a total cost of Eur277,027 . The swap agreement was\nterminated following the full repayment of liabilities associated\nwith that loan agreement.
\n\u00a0
\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 Loan to\nsubsidiaries \n | \n\n Loan to other\nrelated parties \n | \n\n Loan to ultimate\nparent \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 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amortised\ncost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31 December\n2025 \n | \n\n 75 825 774 \n | \n\n 7 175 \n | \n\n -\u00a0 \n | \n\n 75 832 949 \n | \n
| \n Less: amounts\nexpected to be settled within 12 months (shown under current\nassets) \n | \n\n (3 829\n773) \n | \n\n (7\n175) \n | \n\n - \n | \n\n (3 836\n948) \n | \n
| \n Amounts expected to\nbe settled after 12 months (shown under non-current\nassets) \n | \n\n 71 996\n001 \n | \n\n -\u00a0 \n | \n\n - \n | \n\n 71 996\n001 \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 Amortised\ncost \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 38 242 983 \n | \n\n - \n | \n\n 547 413 \n | \n\n 38 790 396 \n | \n
| \n Less: amounts expected\nto be settled within 12 months (shown under current\nassets) \n | \n\n (1\n623\u00a0271) \n | \n\n - \n | \n\n (547 413) \n | \n\n (2 170 684) \n | \n
| \n Amounts expected to be\nsettled after 12 months (shown under non-current assets) \n | \n\n 36 619 712 \n | \n\n - \n | \n\n - \n | \n\n 36 619 712 \n | \n
\u00a0
\nThe above loans and\nreceivables are unsecured.
\n\u00a0
\nIncluded in the loans\nreceivables from subsidiaries is an amount of Eur82,325,774\n(2024: Eur38,198,205 ) which carries interest at the rate of\n4.5% per annum. Loan to ultimate parent carries interest at the\nrate of 4.5% per annum. The remaining loans and receivables are\ninterest free.
", "dimensions": { "concept": "hiliproperties:DisclosureOfLoansAndReceivablesExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "uRhgYaytii": { "value": "22. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nProperty held for sale
\n\u00a0
\nProperty held for sale\ncomprises investment properties earmarked for sale
\n| \n \u00a0 \n | \n\n Group \nEur \n | \n
| \n Fair\nValue \n | \n\n \u00a0 \n | \n
| \n At 1 January\n2024 \n | \n\n 10 700 000 \n | \n
| \n Disposal \n | \n\n (7 000 000) \n | \n
| \n Impairment on properties\nheld for sale (note 9) \n | \n\n (1 100 000) \n | \n
| \n At 1 January\n2025 \n | \n\n \u00a02\u00a0600\n000 \n | \n
| \n Disposal \n | \n\n (2 600 000) \n | \n
| \n At 31 December\n2025 \n | \n\n - \n | \n
\u00a0
\nA retail complex in\nDzelzavas Street, Riga, Latvia, classified as held for sale in 2023\nwas disposed of by the Group in 2024 through disposal of shares of\ninvestment in Dz78 for a total consideration received of\nEur7,000,000 . No gain or loss on sale was\nrecognised.
\n\u00a0
\nProperty owned by the\ncompany and classified as held for sale in the pervious year, was\nsold in 2025 for Eur2,600,000 . No gain or loss on sale was\nrecognised.
\n\u00a0
\n| \n \u00a0 \n | \n\n Holding \nEur \n | \n
| \n Fair\nValue \n | \n\n \u00a0 \n | \n
| \n At 1 January\n2024 \n | \n\n 3 700 000 \n | \n
| \n Decrease in fair value\n(note 9) \n | \n\n (1\u00a0100\u00a0000) \n | \n
| \n At 1 January\n2025 \n | \n\n 2 600 000 \n | \n
| \n Disposal \n | \n\n (2 600 000) \n | \n
| \n At 31 December\n2025 \n | \n\n - \n | \n
23. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nTrade and other receivables
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n Holding\ncompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \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 Trade\nreceivables \n | \n\n 593\n302 \n | \n\n 398 380 \n | \n\n -\u00a0 \n | \n\n - \n | \n
| \n Other\nreceivables \n | \n\n 2 089\n722 \n | \n\n 2 770 153 \n | \n\n 17\n104 \n | \n\n 105 770 \n | \n
| \n Amounts due from other\nrelated parties \n | \n\n 196\n186 \n | \n\n 208 596 \n | \n\n 13\n787 \n | \n\n 4 106 \n | \n
| \n Prepayments and accrued\nincome \n | \n\n 1 016\n091 \n | \n\n 2 029 781 \n | \n\n 360\n392 \n | \n\n 615 852 \n | \n
| \n \u00a0 \n | \n\n 3 895\n301 \n | \n\n 5 406 910 \n | \n\n 391\n283 \n | \n\n 725 728 \n | \n
| \n Less: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amounts due for settlement\nafter more than 12 months \n | \n\n (435\n780) \n | \n\n (724 536) \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n
| \n Amount expected to be\nsettled within 12 months \n | \n\n 3 459\n521 \n | \n\n 4 682 374 \n | \n\n 391\n283 \n | \n\n 725 728 \n | \n
\u00a0
\nTrade and other\nreceivables are unsecured, interest free and payable on\ndemand.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "En83Egnd4_": { "value": "24. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nTrade and other payables
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n Holding\ncompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \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 Trade payables \n | \n\n 186\n530 \n | \n\n 306\u00a0068 \n | \n\n - \n | \n\n - \n | \n
| \n Other payables \n | \n\n 2 014\n477 \n | \n\n 1 820 677 \n | \n\n 87\n139 \n | \n\n 60 644 \n | \n
| \n Accruals and deferred\nincome \n | \n\n 2 212\n137 \n | \n\n 2 300 564 \n | \n\n 1 025\n984 \n | \n\n 913 981 \n | \n
| \n \u00a0 \n | \n\n 4 413\n144 \n | \n\n 4 427 309 \n | \n\n 1 113\n123 \n | \n\n 974 625 \n | \n
| \n Less: amount due for\nsettlement within 12 months (shown under current\nliabilities) \n | \n\n (3 475\n001) \n | \n\n (3 334 137) \n | \n\n (1 113\n123) \n | \n\n (974 625) \n | \n
| \n Amount due for settlement\nafter 12 months \n | \n\n 938\n143 \n | \n\n 1 093 172 \n | \n\n -\u00a0\u00a0 \n | \n\n \u00a0-\u00a0\u00a0 \n | \n
\u00a0
\nTrade and other\npayables are unsecured interest free and payable on\ndemand.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "QnhkZc.lAz": { "value": "25. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nOther financial liabilities
\n\u00a0
\n| \n Group \n | \n\n Loan from\u00a0\nparent \n | \n\n Loan from other\nrelated companies \n | \n\n \u00a0 \nTotal \n | \n
| \n \u00a0 \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 As at 31 December\n2025 \n | \n\n 28 821 234 \n | \n\n 23 834 \n | \n\n 28 845 068 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Less: amounts expected\nto be settled within 12 months (shown under current\nliabilities) \n | \n\n (2 661\n234) \n | \n\n (15\n554) \n | \n\n (2 676\n788) \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amounts expected to be\nsettled after 12 months (shown under non- current\nliabilities) \n | \n\n 26 160\n000 \n | \n\n 8\n280 \n | \n\n 26 168\n280 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n As at 31 December\n2024 \n | \n\n 210 539 \n | \n\n 35 144 \n | \n\n 245 683 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Less: amounts expected to\nbe settled within 12 months (shown under current\nliabilities) \n | \n\n (210 539) \n | \n\n (19 678) \n | \n\n (230 217) \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amounts expected to be\nsettled after 12 months (shown under non-current\nliabilities) \n | \n\n - \n | \n\n 15 466 \n | \n\n 15 466 \n | \n
\u00a0
\nAll financial\nliabilities listed above are unsecured.
\n\u00a0
\n| \n Holding\ncompany \n | \n\n Loan\nfrom \n | \n\n Loan\nfrom \n | \n\n Loan\nfrom \n | \n\n \u00a0 \n | \n
| \n | \n subsidiaries \n | \n\n \u00a0parent \n | \n\n \u00a0other\nrelated \n | \n\n Total \n | \n
| \n | \n Eur \n | \n\n \u00a0Eur \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 As at 31 December\n2025 \n | \n\n 12 557 522 \n | \n\n 28 821 234 \n | \n\n 3 640 \n | \n\n 41 382 396 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Less: amounts\nexpected to be settled within 12 months (shown under current\nliabilities) \n | \n\n (477\n776) \n | \n\n (2 661\n234) \n | \n\n (3\n640) \n | \n\n (3 142\n650) \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amounts expected to\nbe settled after 12 months (shown under non- current\nliabilities) \n | \n\n 12 079\n746 \n | \n\n 26 160\n000 \n | \n\n - \n | \n\n 38 239\n746 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n As at 31 December\n2024 \n | \n\n 15 838 504 \n | \n\n 210 539 \n | \n\n 1 768 \n | \n\n 16 050 811 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Less: amounts expected\nto be settled within 12 months (shown under current\nliabilities) \n | \n\n (5 644 017) \n | \n\n (210 539) \n | \n\n (1 768) \n | \n\n (5 856 324) \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amounts expected to be\nsettled after 12 months (shown under non- current\nliabilities) \n | \n\n 10 194 487 \n | \n\n -\u00a0\u00a0 \n | \n\n -\u00a0\u00a0 \n | \n\n 10 194 487 \n | \n
\u00a0
\nAmounts due to\nsubsidiaries carry interest at the rate of 4.5%\ninterest.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Uso9ELkU_W": { "value": "26. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nBank loans
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n Holding\ncompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \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 Bank loans \n | \n\n 81 880\n830 \n | \n\n 70 320 723 \n | \n\n 49 199\n622 \n | \n\n 7 788 845\u00a0\u00a0\n\u00a0\u00a0\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 due for\nsettlement within 12 months (shown under current\nliabilities) \n | \n\n (3 742\n265) \n | \n\n (11 741\n042) \n | \n\n (2 116\n298) \n | \n\n (7 788 845) \n | \n
| \n Amount due for settlement\nafter 12 months (shown under non-current liabilities) \n | \n\n 78 138\n565 \n | \n\n 58 579 681 \n | \n\n 47 083 324\n\u00a0\u00a0\u00a0 \n | \n\n \u00a0-\u00a0\u00a0 \n | \n
\u00a0
\nBank loans are payable\nas follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n Holding\ncompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \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 On demand or within one\nyear \n | \n\n 3 742\n265 \n | \n\n 11 741 042 \n | \n\n 2 116\n298 \n | \n\n 7 788\n845\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \n | \n
| \n Between one and five\nyears \n | \n\n 46 971\n935 \n | \n\n 42 965 598 \n | \n\n 15 916 694\n\u00a0\u00a0\u00a0 \n | \n\n \u00a0-\u00a0\u00a0 \n | \n
| \n After five years \n | \n\n 31 166\n630 \n | \n\n 15 614 083 \n | \n\n \u00a0\u00a031 166\n630 \u00a0\u00a0\u00a0 \n | \n\n \u00a0-\u00a0\u00a0 \n | \n
| \n \u00a0 \n | \n\n 81 880\n830 \n | \n\n \u00a0 \u00a070 320\n723 \n | \n\n 49 199\n622 \n | \n\n 7 788 845\u00a0\u00a0\n\u00a0\u00a0\u00a0 \n | \n
\u00a0
\nThe\nGroup\u2019s bank loans facilities bear effective interest at the\nrates ranging from 3.8% to 5% p.a (2024: 5.3% to 7.7%). The\nGroup\u2019s bank borrowings facilities amount to\nEur70,320,723 (2024: Eur70,320,723 ).\n\u00a0
\n\u00a0
\nDuring the year ended\n31 December 2025, the Group undertook a refinancing exercise\nwhereby existing bank loans in the Baltics, Malta, and one facility\nin Romania were refinanced through new bank borrowings raised at\nthe Malta level. This restructuring centralized the Group\u2019s\nexternal financing within Malta and replaced the previously\nexisting local borrowing arrangements
\n\u00a0
\nThe facilities are\nsecured by special hypothecs over the investment property of the\nGroup, a general hypothec over the assets of the Group, guarantees\nprovided by other related party and a pledge over rent receivable\nfrom the Group\u2019s tenants.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "jRiCxCbMj_": { "value": "27. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nLease liabilities
\n\u00a0
\nLease liabilities are\npresented in the statement of financial position as\nfollows:
\n\u00a0
\n| \n Group \n | \n\n 2025 \nEur \n | \n\n \u00a0 \n2024 \nEur \n | \n
| \n Current \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease\nliabilities \n | \n\n 222 \n | \n\n 17 854 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-current \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease\nliabilities \n | \n\n 164\n733 \n | \n\n 164 955 \n | \n
\u00a0
\nThe Group has leases\nfor its investment property located in Latvia. The Group does not\nhave any other short-term leases (leases with an effected term of\n12 months or less) and leases of low-value underlying\nassets.
\n\u00a0
\nDuring the year,\nEur86,640 ( 2024 : Eur86,824) of the existing lease\nliabilities have been reclassified to liabilities associated with\nassets held for sale, as disclosed in note 38.
\n\u00a0
\nVariable lease payments\nwhich do not depend on an index or a rate (such as lease payments\nbased on a percentage of Group sales) are excluded from the initial\nmeasurement of the lease liability and asset. The Group classifies\nits right-of-use assets in a consistent manner to its property,\nplant and equipment (see note 18). The lease liabilities are\nsecured by the related underlying assets. Future minimum lease\npayments at 31 December 2025 and 2024 were as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n Not later than one\nyear \n | \n\n Later than one year\nbut not later than five years \n | \n\n Later than five\nyears \n | \n\n \u00a0 \nTotal \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 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease payments \n | \n\n \u00a07 800 \n | \n\n \u00a031\n200 \n | \n\n \u00a0681\n850 \n | \n\n 720 850 \n | \n
| \n Finance charges \n | \n\n (7 578) \n | \n\n (30 224) \n | \n\n (518 093) \n | \n\n (555 895) \n | \n
| \n \u00a0 \n | \n\n 222 \n | \n\n 976 \n | \n\n 163 757 \n | \n\n 164 955 \n | \n
\u00a0
\n| \n \u00a0 \n | \n\n Not later than one\nyear \n | \n\n Later than one year\nbut not later than five years \n | \n\n Later than five\nyears \n | \n\n \u00a0 \nTotal \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 2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease payments \n | \n\n 25 598 \n | \n\n 31 200 \n | \n\n 590 058 \n | \n\n 646,856 \n | \n
| \n Finance charges \n | \n\n (7 744) \n | \n\n (30 261) \n | \n\n (426 042) \n | \n\n (464 047) \n | \n
| \n \u00a0 \n | \n\n 17 854 \n | \n\n 939 \n | \n\n 164 016 \n | \n\n 182 809 \n | \n
28. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nDebt securities in issue
\n\u00a0
\n| \n \u00a0 \n | \n\n Group and Holding\ncompany \n | \n|
| \n \u00a0 \n | \n\n 2025 \nEur \n | \n\n 2024 \nEur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 4.5% unsecured bonds,\nredeemable in 2025 \n | \n\n - \n | \n\n 36 939 753 \n | \n
\u00a0
\nIn October 2015, the\nCompany issued 370,000 4.5% unsecured bonds of a nominal value of\nEur100 per bond.\u00a0 The bonds are redeemable at their nominal\nvalue in 2025. The bonds were redeemed in full on the 16\nth October 2025.
\n\u00a0
\nThe bond was previously\nguaranteed by Harbour (APM) Investments Ltd and Hili Estates\nLimited.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "w6j6eqX_5-": { "value": "29. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nDeferred taxation
\n\u00a0
\n| \n Group \n | \n\n Opening\nbalance \n | \n\n Recognised in\nprofit or loss \n | \n\n Closing\nbalance \n | \n|
| \n \u00a0 \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 2025 \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 Investment\nproperty \n | \n\n (6 173 039) \n | \n\n (73 689) \n | \n\n (6 246\n728) \n | \n|
| \n Other temporary\ndifferences \n | \n\n 26 489 \n | \n\n 1 433\n\u00a0 \n | \n\n 27\n922 \n | \n|
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n (6 146 550) \n | \n\n (72 256) \n | \n\n (6\n218\u00a0806) \n | \n
| \n Arising\non: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n|
| \n Unutilised tax\nlosses \n | \n\n 41 338 \n | \n\n 31 319 \n | \n\n 72\n657 \n | \n|
| \n Unabsorbed losses arising\nas a result of merger \n | \n\n 290 927 \n | \n\n -\u00a0 \n | \n\n 290\n927 \n | \n|
| \n Investment\nproperty \n | \n\n 47 741 \n | \n\n -\u00a0 \n | \n\n 47\n741 \n | \n|
| \n Other temporary\ndifferences \n | \n\n (51 476) \n | \n\n -\u00a0 \n | \n\n (51\n476) \n | \n|
| \n \u00a0 \n | \n\n 328 530 \n | \n\n 31 319 \n | \n\n 359\n849 \n | \n|
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n|
| \n \u00a0 \n | \n\n Opening\nbalance \n | \n\n Recognised in\nprofit or loss \n | \n\n Closing\nbalance \n | \n|
| \n \u00a0 \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n|
| \n 2024 \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 Investment\nproperty \n | \n\n (6 039 583) \n | \n\n (133 456) \n | \n\n (6 173 039) \n | \n|
| \n Other temporary\ndifferences \n | \n\n 26 489 \n | \n\n -\u00a0 \n | \n\n 26 489 \n | \n|
| \n \u00a0 \n | \n\n (6 013 094) \n | \n\n (133 456) \n | \n\n (6 146 550) \n | \n|
| \n Arising\non: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n|
| \n Unutilised tax\nlosses \n | \n\n 202 816 \n | \n\n (161\n478)\u00a0 \n | \n\n 41 338 \n | \n|
| \n Unabsorbed losses arising\nas a result of merger \n | \n\n 290 927 \n | \n\n -\u00a0 \n | \n\n 290 927 \n | \n|
| \n Investment\nproperty \n | \n\n 47 741 \n | \n\n - \n | \n\n 47 741 \n | \n|
| \n Other temporary\ndifferences \n | \n\n (51 476) \n | \n\n -\u00a0 \n | \n\n (51 476) \n | \n|
| \n \u00a0 \n | \n\n 490 008 \n | \n\n (161 478) \n | \n\n 328 530 \n | \n|
| \n | \n | \n | \n | \n |
\u00a0
\n| \n Holding\ncompany \n | \n\n Opening\nbalance \n | \n\n Recognised in\nprofit or loss \n | \n\n Closing\nbalance \n | \n
| \n \u00a0 \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 2025 \n | \n\n \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 Arising\non: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Other temporary\ndifferences \n | \n\n 7 569 \n | \n\n 1 171 \n | \n\n 8 740 \n | \n
| \n Investment\nproperty \n | \n\n (461 411) \n | \n\n 260 000 \n | \n\n (201 411) \n | \n
| \n \u00a0 \n | \n\n (453 842) \n | \n\n 261 171 \n | \n\n (192 671) \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n Opening\nbalance \n | \n\n Recognised in\nprofit or loss \n | \n\n Closing\nbalance \n | \n
| \n \u00a0 \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 2024 \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 Other temporary\ndifferences \n | \n\n 7 253 \n | \n\n 316 \n | \n\n 7 569 \n | \n
| \n Investment\nproperty \n | \n\n (571 411) \n | \n\n 110 000 \n | \n\n (461 411) \n | \n
| \n \u00a0 \n | \n\n (564 158) \n | \n\n 110 316 \n | \n\n (453 842) \n | \n
30. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nShare capital
\n\u00a0
\n| \n \u00a0 \n | \n\n 2025 \n | \n|
| \n \u00a0 \n | \n\n Authorised \nEur \n | \n\n Issued\nand \ncalled\nup \nEur \n | \n
| \n 400,892,700 ordinary shares\nof Eur0.2 each \n | \n\n 120 000 000 \n | \n\n 80\u00a0178\n540 \n | \n
\u00a0
\n| \n \u00a0 \n | \n\n 2024 \n | \n|
| \n \u00a0 \n | \n\n Authorised \nEur \n | \n\n Issued\nand \ncalled\nup \nEur \n | \n
| \n 400,892,700 ordinary shares\nof Eur0.2 each \n | \n\n 120 000 000 \n | \n\n 80 178\n540 \n | \n
\u00a0
\nIn October 2022, the\nCompany has increased its share capital by an amount of\nEur18,408,000 with a nominal value of Eur1.00 per\nordinary share. Moreover, in December 2022, the Company has raised\nadditional capital through an Initial Public Offering and listing\non the Malta Stock Exchange by 100,892,700 ordinary shares, with a\nnominal value of Eur0.27 each. Total direct share issuance\ncosts incurred amounted to Eur496,131 and shown as other reserves\nand a deduction to equity. The authorised share capital currently\nconsists of 600,000,000 ordinary shares, with a nominal value of\nEur0.20 each. The issued share capital consists of\n400,892,700 ordinary shares, with a nominal value of Eur0.20\neach .
\n\u00a0
\nAs of 31 December 2025,\nthe market price of the ordinary shares on the Malta Stock Exchange\nwas Eur0.23 each .
\n\u00a0
\nThe ordinary shares of\nthe Company participate equally in any payment of dividends or any\ndistribution and return of capital and carry identical rights and\nvoting rights, as specified in the Memorandum and Articles of\nAssociation of the Company.
", "dimensions": { "concept": "ifrs-full:DisclosureOfClassesOfShareCapitalExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "jQqJ2ZU9g3": { "value": "31. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nCash and cash equivalents
\n\u00a0
\nCash and cash\nequivalents included in the statements of cash flows comprise the\nfollowing amounts in the statement of financial\nposition:
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n Holding\ncompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n 2025 \n | \n\n 2024 \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 Cash at bank and on\nhand \n | \n\n 8 363\n377 \n | \n\n 2 655 363 \n | \n\n 5 951\n158 \n | \n\n 529 059 \n | \n
| \n Cash and cash\nequivalents in the statements of cash flows \n | \n\n 8 363\n377 \n | \n\n 2 655 363 \n | \n\n 5 951\n158 \n | \n\n 529 059 \n | \n
\u00a0
\nCash at bank is\ninterest free.
\n\u00a0
\nNot included with the\ncurrent portion of cash and cash equivalents is restricted cash,\nclassified as non-current. Restricted cash for use by the Group as\nat 31 December 2025 amounted to Eur961,153 (2024:\nEur1,250,924 ). This is restricted by banks in Romania for\nthe duration of the loans taken out on the properties, which amount\nis equivalent to the monthly bank loan principal and interest\npayment.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "V8nRBYK4U_": { "value": "32. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\n\u00a0Reconciliation of liabilities arising\nfrom financing activities
\n\u00a0
\nThe table below details\nchanges in the Group\u2019s liabilities arising from financing\nactivities, including, where applicable, both cash and non-cash\nchanges. Liabilities arising from financing activities are those\nfor which cash flows were, or future cash flows will be, classified\nin the statement of cash flows as cash flows from financing\nactivities:
\n\u00a0
\n| \n | \n Opening\nbalance \n | \n\n Cash \n | \n\n Non-Cash and other\nmovements \n | \n\n Accrued unpaid\ninterest \n | \n\n Closing\nBalance \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 Group \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 Bank loans \n | \n\n 70 320\n723\u00a0 \n | \n\n 1 937\n132\u00a0 \n | \n\n 9 239\n285\u00a0 \n | \n\n 383\n690\u00a0 \n | \n\n 81 880\n830\u00a0 \n | \n
| \n Loans from related\nparties \n | \n\n 245 683\u00a0\n\u00a0\u00a0 \n | \n\n 28 500\n000\u00a0 \n | \n\n - \n | \n\n 99 385\u00a0\n\u00a0\u00a0 \n | \n\n 28 845\n068\u00a0 \n | \n
| \n Debt securities in\nissue \n | \n\n 36\u00a0939\n756 \n | \n\n (36\u00a0030\u00a0000) \n | \n\n (909\u00a0756) \n | \n\n - \n | \n\n - \n | \n
| \n \u00a0 \n | \n\n 107\u00a0506\n162\u00a0 \n | \n\n (5\u00a0592\u00a0868) \n | \n\n 8\u00a0329\n529 \n | \n\n 483 075\u00a0\n\u00a0\u00a0 \n | \n\n 110 725\n898\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 \u00a0 \n | \n
| \n Bank loans \n | \n\n 78 914\n997\u00a0 \n | \n\n (4 297\n440) \n | \n\n (4 619\n941) \n | \n\n 323\n107\u00a0 \n | \n\n 70 320\n723\u00a0 \n | \n
| \n Loans from related\nparties \n | \n\n 63\n493\u00a0 \n | \n\n - \n | \n\n 182\n190 \n | \n\n - \n | \n\n 245\n683\u00a0 \n | \n
| \n \u00a0 \n | \n\n 78 978\n490\u00a0 \n | \n\n (4 297\n440) \n | \n\n (4 437\n751)\u00a0 \n | \n\n 323\n107 \n | \n\n 70 566\n406\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 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 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Bank loans \n | \n\n 7 788 845 \n | \n\n 49 583 332 \n | \n\n (8\n172\u00a0555) \n | \n\n - \n | \n\n 49 199\n622\u00a0 \n | \n
| \n Loans from related\nparties \n | \n\n 16 050\n811\u00a0 \n | \n\n 24 815 638 \n | \n\n 515 947 \n | \n\n - \n | \n\n 41 382\n396\u00a0 \n | \n
| \n Debt securities in\nissue \n | \n\n 36\u00a0939\n756 \n | \n\n (36\u00a0030\u00a0000) \n | \n\n (909\u00a0756) \n | \n\n - \n | \n\n - \n | \n
| \n | \n 60 779\n412\u00a0 \n | \n\n 38 368\n970\u00a0 \n | \n\n (8\u00a0566\u00a0364) \n | \n\n - \n | \n\n 90 582\n018\u00a0 \n | \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 Bank loans \n | \n\n -\u00a0 \n | \n\n 7 557 223 \n | \n\n 231 622 \n | \n\n - \n | \n\n 7 788 845 \n | \n
| \n Loans from related\nparties \n | \n\n 9 860\n835\u00a0 \n | \n\n 4 024 530 \n | \n\n 2 165 446 \n | \n\n - \n | \n\n 16 050 811 \n | \n
| \n | \n 9 860\n835\u00a0 \n | \n\n 11 581 753 \n | \n\n 2 397\n068 \n | \n\n - \n | \n\n 23 839\n656 \n | \n
33. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nEvents after the reporting\nperiod
\n\u00a0
\nFollowing a Board\nmeeting held in March 2026, the Company resolved to convene an\nExtraordinary General Meeting (EGM). The purpose of the EGM was to\nconsider the Board\u2019s recommendation in favour of the\ndiscontinuation of listing of all the Company\u2019s shares (from\nthe Official List of the Malta Stock Exchange). The results of the\nmeeting allowed\u00a0the Company to proceed with the submission of\nan application to the MFSA for the discontinuation of listing of\nthe shares. This is not expected to have an impact on the carrying\namounts of assets and liabilities as of 31 December\n2025.
\nThe above event has not\nrequired adjustments to the amounts recognised in these financial\nstatements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "vJXhYdkPVB": { "value": "\n\u00a0
\nHili\nProperties p.l.c. is the parent company of the undertakings\nhighlighted in note 20. The\nparent company of Hili Properties p.l.c. is Hili Ventures Limited\nwhich is incorporated in Malta having its registered office at\nNineteen Twenty Three, Valletta Road, Marsa MRS 3000, Malta. Hili\nVentures Limited produces consolidated financial statements\navailable for public use. Copies of the consolidated financial\nstatements may be downloaded from the website of both Hili\nProperties p.l.c. and Hili Ventures Limited. The directors consider\nthe ultimate controlling party to be Mr Carmelo (sive Melo) Hili,\nwho, through his interest in Hili Ventures Limited, as of 31\nDecember 2025 holds 74.83% (2024: 74.83%) of the voting rights in\nHili Properties p.l.c.
\n\u00a0
\nThe Group and the\nCompany entered into related party transactions with the parent\ncompany and other related parties. The Company also entered into\nrelated party transactions with its subsidiaries. Other related\nparties consist of related parties other than the parent, entities\nwith joint control or significant influence over the Company,\nsubsidiaries, associates, joint ventures in which the Company is\nventure and key management personnel of the Company or its\nparent.
\n\u00a0
\nDuring the year under\nreview, the Company and the Group entered into transactions with\nrelated parties as set out below.
\n\u00a0
\n| \n | \n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n|||||
| \n Group \n | \n\n Related party\nactivity \n | \n\n Total\nactivity \n | \n\n % \n | \n\n Related party\nactivity \n | \n\n Total\nactivity \n | \n\n % \n | \n||
| \n | \n Eur \n | \n\n Eur \n | \n\n | \n Eur \n | \n\n Eur \n | \n\n | ||
| \n Revenue: \n | \n\n | \n | \n | \n | \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 Parent\ncompany \n | \n\n 396\n085\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 392 427 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n Other related\nparties \n | \n\n 3 766\n041\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 3 608 529 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n | \n 4 162\n126\u00a0 \n | \n\n 16 731\n363\u00a0 \n | \n\n 25% \n | \n\n 4 000\n956\u00a0 \n | \n\n 15 837 101 \n | \n\n 25% \n | \n||
| \n \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 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 Parent\ncompany \n | \n\n 700\n000\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 700\n000\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n Other related\nparties \n | \n\n 158\n787\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 36\n441\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n \u00a0 \n | \n\n 858\n787\u00a0 \n | \n\n 2 402\n737\u00a0 \n | \n\n 36% \n | \n\n 736\n441\u00a0 \n | \n\n 2 624\n836\u00a0 \n | \n\n 28% \n | \n||
| \n \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\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 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 Parent\ncompany \n | \n\n 23\n959\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 43\n078\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n Other related\nparties \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0 \n | \n\n -\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0 \n | \n||
| \n | \n 23\n959\u00a0 \n | \n\n 413\n425\u00a0 \n | \n\n 6% \n | \n\n 43\n078\u00a0 \n | \n\n 508\n518\u00a0 \n | \n\n 8% \n | \n||
| \n \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 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 Parent\ncompany \n | \n\n 314\n507\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n -\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n Other related\nparties \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0 \n | \n\n -\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0 \n | \n||
| \n \u00a0 \n | \n\n 314\n507\u00a0 \n | \n\n 7 665\n928\u00a0 \n | \n\n 4% \n | \n\n -\u00a0 \n | \n\n 7 043\n937\u00a0 \n | \n\n 0% \n | \n||
| \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0
\n| \n | \n 2025 \n | \n\n 2024 \n | \n||||
| \n Holding\ncompany \n | \n\n Related party\nactivity \n | \n\n Total\nactivity \n | \n\n % \n | \n\n Related party\nactivity \n | \n\n Total\nactivity \n | \n\n % \n | \n
| \n | \n Eur \n | \n\n Eur \n | \n\n | \n Eur \n | \n\n Eur \n | \n\n |
| \n Revenue: \n | \n\n | \n | \n | \n | \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 Other related\nparties \n | \n\n 108\n480\u00a0 \n | \n\n 208\n480\u00a0 \n | \n\n \u00a0 \n | \n\n 90 149 \n | \n\n 190 159 \n | \n\n \u00a0 \n | \n
| \n | \n 108\n480\u00a0 \n | \n\n 208\n480\u00a0 \n | \n\n 52% \n | \n\n 90 149 \n | \n\n 190\n159\u00a0 \n | \n\n 47% \n | \n
| \n \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 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 Parent\ncompany \n | \n\n 700 000 \n | \n\n 1 500\n204\u00a0 \n | \n\n \u00a0 \n | \n\n 700 000 \n | \n\n 1\u00a0638 051\n\u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n 700\n000 \n | \n\n 1 500\n204\u00a0 \n | \n\n 47% \n | \n\n 700 000 \n | \n\n 1 638 051 \n | \n\n 43% \n | \n
| \n \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\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 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 Parent\ncompany \n | \n\n 23\n959\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 43 078 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Subsidiaries \n | \n\n 1 688\n325\u00a0 \n | \n\n | \n | \n 1 644 239 \n | \n\n | \n |
| \n Other related\nparties \n | \n\n - \n | \n\n 1 712\n284\u00a0 \n | \n\n \u00a0 \n | \n\n - \n | \n\n 1\u00a0687\n317\u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n 1 712\n284\u00a0 \n | \n\n 1 712\n284\u00a0 \n | \n\n 100% \n | \n\n 1 687 317 \n | \n\n 1 687 317 \n | \n\n 100% \n | \n
| \n \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 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 Parent\ncompany \n | \n\n 314\n507\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 661\n661\u00a0 \n | \n\n \u00a0\u00a0\u00a0 \n | \n\n \u00a0 \n | \n\n 290 012 \n | \n\n \u00a0\u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \n | \n\n 976\n168\u00a0 \n | \n\n 3 439\n188\u00a0 \n | \n\n 28% \n | \n\n 290 012 \n | \n\n 2 183\n128\u00a0 \n | \n\n 13% \n | \n
\u00a0
\nOther related party\ntransactions are disclosed in notes 23, 24 and 25.
\n\u00a0
\nNo expense has been\nrecognised in the period for bad or doubtful debts in respect of\namounts due from related parties and there are no provisions for\ndoubtful debts in respect of outstanding amounts due from related\nparties.
\n\u00a0
\nKey management\npersonnel compensation is disclosed in note 13 and recharges of\nstaff costs to related parties are disclosed in note 14.\u00a0\nContingent liabilities are disclosed in note 35.
\n\u00a0
\nDuring 2025 and 2024,\nno tax losses were surrendered to the Holding company by the parent\ncompany.
\n\u00a0
\n", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "qwwSC8T5j6": { "value": "The\nparent company of Hili Properties p.l.c. is Hili Ventures Limited", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "ZQVb0a0mWL": { "value": "The\nparent company of Hili Properties p.l.c. is Hili Ventures Limited", "dimensions": { "concept": "ifrs-full:NameOfUltimateParentOfGroup", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "h0YdLhBCkt": { "value": "Mr Carmelo (sive Melo) Hili", "dimensions": { "concept": "hiliproperties:NameOfUltimateBeneficialOwnerOfTheGroup", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "FzVhmWfkC3": { "value": "| \n | \n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n|||||
| \n Group \n | \n\n Related party\nactivity \n | \n\n Total\nactivity \n | \n\n % \n | \n\n Related party\nactivity \n | \n\n Total\nactivity \n | \n\n % \n | \n||
| \n | \n Eur \n | \n\n Eur \n | \n\n | \n Eur \n | \n\n Eur \n | \n\n | ||
| \n Revenue: \n | \n\n | \n | \n | \n | \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 Parent\ncompany \n | \n\n 396\n085\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 392 427 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n Other related\nparties \n | \n\n 3 766\n041\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 3 608 529 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n | \n 4 162\n126\u00a0 \n | \n\n 16 731\n363\u00a0 \n | \n\n 25% \n | \n\n 4 000\n956\u00a0 \n | \n\n 15 837 101 \n | \n\n 25% \n | \n||
| \n \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 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 Parent\ncompany \n | \n\n 700\n000\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 700\n000\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n Other related\nparties \n | \n\n 158\n787\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 36\n441\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n \u00a0 \n | \n\n 858\n787\u00a0 \n | \n\n 2 402\n737\u00a0 \n | \n\n 36% \n | \n\n 736\n441\u00a0 \n | \n\n 2 624\n836\u00a0 \n | \n\n 28% \n | \n||
| \n \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\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 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 Parent\ncompany \n | \n\n 23\n959\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 43\n078\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n Other related\nparties \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0 \n | \n\n -\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0 \n | \n||
| \n | \n 23\n959\u00a0 \n | \n\n 413\n425\u00a0 \n | \n\n 6% \n | \n\n 43\n078\u00a0 \n | \n\n 508\n518\u00a0 \n | \n\n 8% \n | \n||
| \n \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 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 Parent\ncompany \n | \n\n 314\n507\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n -\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n Other related\nparties \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0 \n | \n\n -\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0 \n | \n||
| \n \u00a0 \n | \n\n 314\n507\u00a0 \n | \n\n 7 665\n928\u00a0 \n | \n\n 4% \n | \n\n -\u00a0 \n | \n\n 7 043\n937\u00a0 \n | \n\n 0% \n | \n||
| \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0
\n| \n | \n 2025 \n | \n\n 2024 \n | \n||||
| \n Holding\ncompany \n | \n\n Related party\nactivity \n | \n\n Total\nactivity \n | \n\n % \n | \n\n Related party\nactivity \n | \n\n Total\nactivity \n | \n\n % \n | \n
| \n | \n Eur \n | \n\n Eur \n | \n\n | \n Eur \n | \n\n Eur \n | \n\n |
| \n Revenue: \n | \n\n | \n | \n | \n | \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 Other related\nparties \n | \n\n 108\n480\u00a0 \n | \n\n 208\n480\u00a0 \n | \n\n \u00a0 \n | \n\n 90 149 \n | \n\n 190 159 \n | \n\n \u00a0 \n | \n
| \n | \n 108\n480\u00a0 \n | \n\n 208\n480\u00a0 \n | \n\n 52% \n | \n\n 90 149 \n | \n\n 190\n159\u00a0 \n | \n\n 47% \n | \n
| \n \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 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 Parent\ncompany \n | \n\n 700 000 \n | \n\n 1 500\n204\u00a0 \n | \n\n \u00a0 \n | \n\n 700 000 \n | \n\n 1\u00a0638 051\n\u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n 700\n000 \n | \n\n 1 500\n204\u00a0 \n | \n\n 47% \n | \n\n 700 000 \n | \n\n 1 638 051 \n | \n\n 43% \n | \n
| \n \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\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 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 Parent\ncompany \n | \n\n 23\n959\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 43 078 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Subsidiaries \n | \n\n 1 688\n325\u00a0 \n | \n\n | \n | \n 1 644 239 \n | \n\n | \n |
| \n Other related\nparties \n | \n\n - \n | \n\n 1 712\n284\u00a0 \n | \n\n \u00a0 \n | \n\n - \n | \n\n 1\u00a0687\n317\u00a0 \n | \n\n \u00a0 \n | \n
| \n | \n 1 712\n284\u00a0 \n | \n\n 1 712\n284\u00a0 \n | \n\n 100% \n | \n\n 1 687 317 \n | \n\n 1 687 317 \n | \n\n 100% \n | \n
| \n \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 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 Parent\ncompany \n | \n\n 314\n507\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 661\n661\u00a0 \n | \n\n \u00a0\u00a0\u00a0 \n | \n\n \u00a0 \n | \n\n 290 012 \n | \n\n \u00a0\u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \n | \n\n 976\n168\u00a0 \n | \n\n 3 439\n188\u00a0 \n | \n\n 28% \n | \n\n 290 012 \n | \n\n 2 183\n128\u00a0 \n | \n\n 13% \n | \n
35. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nContingent liabilities
\n\u00a0
\nThe Company had been\nserved with proceedings before the Employment and Industrial\nTribunal by Mr. Georgios Kakouras, who ceased to hold the position\nof Managing Director on 27 February 2026. Mr. Kakouras alleges that\nhis employment was wrongfully terminated.
\n\u00a0
\nThe Company firmly\ndenied these allegations advanced by Mr. Kakouras and is defending\nits position vigorously. The Company is taking all steps as may be\nappropriate to protect its interests and to uphold the integrity of\nthe process it undertook.
\n\u00a0
\nBased on the\ninformation currently available and legal advice received, the\nDirectors have concluded that no provision is required in respect\nof this matter.
\n\u00a0
\nThe Group and the\nCompany had no contingent liabilities as of 31 December\n2024.
", "dimensions": { "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "MEmUpNxYxp": { "value": "36. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nFair values of financial assets and financial\nliabilities
\n\u00a0
\nAt 31 December 2025 and\n2024, the carrying amounts of financial assets and financial\nliabilities classified as current assets and current liabilities\nrespectively approximated their fair values due to the short-term\nmaturities of these assets and liabilities.
\n\u00a0
\nThe fair values of the\ndebt securities in issue are disclosed in note 28. The fair values\nof the other non-current financial liabilities and the non-current\nfinancial assets, other than investments in subsidiaries, are not\nmaterially different from their carrying amounts due to the fact\nthat the interest rates are considered to represent market rates at\nthe year end. The fair values of the financial assets and financial\nliabilities included in the Level 2 and Level 3 categories below\nhave been determined in accordance with generally accepted pricing\nmodels based on a discounted cash flow analysis, with the most\nsignificant inputs being the discount rate that reflects a market\nrate of interest and the credit risk of counterparties.
\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.
\n\u00a0
\nFor financial reporting\npurposes, fair value measurements are categorised into Level 1, 2\nor 3 based on the degree to which the inputs to the fair value\nmeasurements are observable and the significance of the inputs to\nthe fair value measurement in its entirety, which are described as\nfollows:
\n\u00a0
\n| \n - \n | \n\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 | \n
| \n - \n | \n\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 | \n
| \n - \n | \n\n Level 3 inputs are\nunobservable inputs for the asset or liability. \n | \n
\u00a0
\nFor assets and\nliabilities that are recognised in the financial statements at fair\nvalue on a recurring basis, the Group and the Company determine\nwhen transfers are deemed to have occurred between levels in the\nhierarchy at the end of each reporting period.
\n\u00a0
\nThe following table\nprovides an analysis of financial instruments that are not measured\nsubsequent to initial recognition at fair value, other than those\nwith carrying amounts that are reasonable approximations of fair\nvalue, and other than investments in subsidiaries, associates and\njointly controlled entities, grouped into Levels 1 to 3.
\n\u00a0
\n| \n Group \n | \n\n Level\n1 \n | \n\n Level\n2 \n | \n\n Level\n3 \n | \n\n Total \n | \n\n Carrying\namount \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 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \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 - Loans and\nreceivables \n | \n\n - \n | \n\n - \n | \n\n 20\n962 \n | \n\n 20\n962 \n | \n\n 20\n962 \n | \n
| \n - Receivables from\nrelated parties \n | \n\n - \n | \n\n - \n | \n\n 196\n186 \n | \n\n 196\n186 \n | \n\n 196\n186 \n | \n
| \n - Trade and other\nreceivables \n | \n\n - \n | \n\n - \n | \n\n 2 683\n024 \n | \n\n 2 683\n024 \n | \n\n 2 683\n024 \n | \n
| \n Financial assets at\nfair value through profit or loss \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n - Derivative financial\ninstruments \n | \n\n 5\n602 \n | \n\n - \n | \n\n - \n | \n\n 5\n602 \n | \n\n 5\n602 \n | \n
| \n At 31 December\n2025 \n | \n\n 5\n602 \n | \n\n - \n | \n\n 2 900\n172 \n | \n\n 2 905\n774 \n | \n\n 2 905\n774 \n | \n
| \n \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 - Other financial\nliabilities \n | \n\n - \n | \n\n - \n | \n\n 28 845\n068\u00a0 \n | \n\n 28 845\n068\u00a0 \n | \n\n 28 845\n068\u00a0 \n | \n
| \n - Trade and other\npayables \n | \n\n - \n | \n\n - \n | \n\n 4 413\n144\u00a0 \n | \n\n 4 413\n144\u00a0 \n | \n\n 4 413\n144\u00a0 \n | \n
| \n - Bank\nloans \n | \n\n - \n | \n\n 81 880\n830\u00a0 \n | \n\n - \n | \n\n 81 880\n830\u00a0 \n | \n\n 81 880\n830\u00a0 \n | \n
| \n At 31 December\n2025 \n | \n\n -\u00a0 \n | \n\n 81 880\n830\u00a0 \n | \n\n 33 258\n212\u00a0 \n | \n\n 115 139\n042\u00a0 \n | \n\n 115 139\n042\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 Level\n1 \n | \n\n Level\n2 \n | \n\n Level\n3 \n | \n\n Total \n | \n\n Carrying\namount \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 2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \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 - Loans and\nreceivables \n | \n\n - \n | \n\n 547 413 \n | \n\n 4 106 \n | \n\n 551 519 \n | \n\n 551 519 \n | \n
| \n - Receivables from\nrelated parties \n | \n\n - \n | \n\n - \n | \n\n 208 596 \n | \n\n 208 596 \n | \n\n 208 596 \n | \n
| \n - Trade and other\nreceivables \n | \n\n - \n | \n\n - \n | \n\n 3 168 533 \n | \n\n 3 168 533 \n | \n\n 3 168 533 \n | \n
| \n Financial assets at\nfair value through profit or loss \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n - Derivative financial\ninstruments \n | \n\n 70 432 \n | \n\n - \n | \n\n - \n | \n\n 70 432 \n | \n\n 70 432 \n | \n
| \n At 31 December\n2024 \n | \n\n 70\n432\u00a0 \n | \n\n 547\n413\u00a0 \n | \n\n 3 381 235 \n | \n\n 3 999 080 \n | \n\n 3 999 080 \n | \n
| \n \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 - Other financial\nliabilities \n | \n\n - \n | \n\n - \n | \n\n 245\n683\u00a0 \n | \n\n 245\n683\u00a0 \n | \n\n 245\n683\u00a0 \n | \n
| \n - Trade and other\npayables \n | \n\n - \n | \n\n - \n | \n\n 4 427\n309\u00a0 \n | \n\n 4 427\n309\u00a0 \n | \n\n 4 427\n309\u00a0 \n | \n
| \n - Bank\nloans \n | \n\n - \n | \n\n 70 320\n723\u00a0 \n | \n\n - \n | \n\n 70 320\n723\u00a0 \n | \n\n 70 320\n723\u00a0 \n | \n
| \n - Debt\nsecurities \n | \n\n 37 000\n000\u00a0 \n | \n\n - \n | \n\n - \n | \n\n 37 000\n000\u00a0 \n | \n\n 36 939\n753\u00a0\u00a0\u00a0 \n | \n
| \n At 31 December\n2024 \n | \n\n 37 000\n000\u00a0 \n | \n\n 70 320\n723\u00a0 \n | \n\n 4 672\n992\u00a0 \n | \n\n 111 993\n715\u00a0 \n | \n\n 111 933\n468\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 Holding\ncompany \n | \n\n Level\n1 \n | \n\n Level\n2 \n | \n\n Level\n3 \n | \n\n Total \n | \n\n Carrying\namount \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 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \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 - Loans and\nreceivables \n | \n\n - \n | \n\n 75\u00a0825\n774 \n | \n\n 7\n175 \n | \n\n 75\u00a0832\n949 \n | \n\n 75\u00a0832\n949 \n | \n
| \n - Receivables from\nrelated parties \n | \n\n - \n | \n\n - \n | \n\n 13\n787 \n | \n\n 13\n787 \n | \n\n 13\n787 \n | \n
| \n - Trade and other\nreceivables \n | \n\n - \n | \n\n - \n | \n\n 17\n104 \n | \n\n 17\n104 \n | \n\n 17\n104 \n | \n
| \n At 31 December\n2025 \n | \n\n - \n | \n\n 75 825\n774 \n | \n\n 38\n066 \n | \n\n 75 863\n840 \n | \n\n 75 863\n840 \n | \n
| \n \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 - Other financial\nliabilities \n | \n\n - \n | \n\n 41 382\n396 \n | \n\n - \n | \n\n 41 382\n396 \n | \n\n 41 382\n396 \n | \n
| \n - Bank\nloans \n | \n\n - \n | \n\n 49\n199\u00a0622 \n | \n\n - \n | \n\n 49 199\n622 \n | \n\n 49 199\n622 \n | \n
| \n - Trade and other\npayables \n | \n\n - \n | \n\n - \n | \n\n 1 113\n123 \n | \n\n 1 113\n123 \n | \n\n 1 113\n123 \n | \n
| \n At 31 December\n2025 \n | \n\n - \n | \n\n 90 582\n018 \n | \n\n 1 113\n123 \n | \n\n 91 695\n141 \n | \n\n 91 695\n141 \n | \n
| \n \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 Level\n1 \n | \n\n Level\n2 \n | \n\n Level\n3 \n | \n\n Total \n | \n\n Carrying\namount \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 2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \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 - Loans and\nreceivables \n | \n\n - \n | \n\n 38 745 616 \n | \n\n 44 780 \n | \n\n 38 790 396 \n | \n\n 38 790 396 \n | \n
| \n - Receivables from\nrelated parties \n | \n\n - \n | \n\n - \n | \n\n 4 106 \n | \n\n 4 106 \n | \n\n 4 106 \n | \n
| \n - Trade and other\nreceivables \n | \n\n - \n | \n\n - \n | \n\n 105 770 \n | \n\n 105 770 \n | \n\n 105 770 \n | \n
| \n At 31 December\n2024 \n | \n\n - \n | \n\n 38 745 616 \n | \n\n 154 656 \n | \n\n 38 900 272 \n | \n\n 38 900 272 \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 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 - Other financial\nliabilities \n | \n\n - \n | \n\n 15 807 561 \n | \n\n 243 250 \n | \n\n 16 050 811 \n | \n\n 16 050 811 \n | \n
| \n - Bank\nloans \n | \n\n - \n | \n\n 7 788 845 \n | \n\n - \n | \n\n 7 788 845 \n | \n\n 7 788 845 \n | \n
| \n - Debt\nsecurities \n | \n\n 37 000 000 \n | \n\n - \n | \n\n - \n | \n\n 37 000 000 \n | \n\n 36 939 753 \n | \n
| \n - Trade and other\npayables \n | \n\n - \n | \n\n - \n | \n\n 1 206 174 \n | \n\n 1 206 174 \n | \n\n 1 206 174 \n | \n
| \n At 31 December\n2024 \n | \n\n 37 000 000 \n | \n\n 23 596 406 \n | \n\n 1 449 424 \n | \n\n 62 045 830 \n | \n\n 61 985 583 \n | \n
37. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nFinancial risk management
\n\u00a0
\nThe exposures to risk\nand the way risks arise, together with the Group\u2019s and\nCompany\u2019s objectives and processes for managing and measuring\nthese risks are disclosed in more detail below.
\n\u00a0
\nThe Group's risk\nmanagement is coordinated by the Directors and focuses on actively\nsecuring the Group's short to medium term cash flows by minimising\nthe exposure to financial risks.
\n\u00a0
\nThe objectives and\nprocesses for managing financial risks and the methods used to\nmeasure such risks are subject to continual improvement and\ndevelopment. Where applicable, any significant changes in the\nGroup\u2019s and Company\u2019s exposure to financial risks or\nthe manner in which the Group and Company manage and measure these\nrisks are disclosed below.
\n\u00a0
\nWhere possible, the\nGroup and the Company aim to reduce and control risk\nconcentrations. Concentrations of financial risk arise when\nfinancial instruments with similar characteristics are influenced\nin the same way by changes in economic or other factors.
\n\u00a0
\nThe Group does not\nactively engage in the trading of financial assets for speculative\npurposes nor does it write options.\u00a0
\n\u00a0
\nThe amount of the risk\nexposure associated with financial instruments sharing similar\ncharacteristics is disclosed in more detail in the notes to the\nfinancial statements.
\n\u00a0
\nCredit\nrisk
\n\u00a0
\nFinancial assets which\npotentially subject the Group and the Company to concentrations of\ncredit risk consist principally of loans, receivables and cash at\nbank.
\n\u00a0
\nLoans and receivables\nare presented net of an allowance for doubtful debts. An allowance\nfor doubtful debts is made where there is an identified loss event\nwhich, based on previous experience, is evidence of a reduction in\nthe recoverability of the cash flows.
\n\nLoans and receivables\nand certain trade receivables comprise amounts due from related\nparties. The Company\u2019s concentration to credit risk arising\nfrom these receivables are considered limited as there were no\nindications that these counterparties are unable to meet their\nobligations. Management considers these to be of good credit\nquality. Management does not consider loans and receivables to have\ndeteriorated in credit quality and the effect of management\u2019s\nestimate of the 12-month credit loss has been determined to be\ninsignificant to the results of the Company.
\n\u00a0
\n\n\u00a0
\nManagement considers\nthe credit quality of these financial assets as being\nacceptable.
\n\u00a0
\nThe credit risk on\nliquid funds is limited because the counterparties are banks with\nhigh credit-rating assigned by international credit-rating\nagencies.
\n\u00a0
\nThe carrying amount of\nfinancial assets is recorded in the financial statements, which is\nnet of impairment losses, represents the Group\u2019s and the\nCompany\u2019s maximum exposure to credit risk without taking\naccount of the value of any collateral obtained. Contingent\nliabilities are disclosed in note 35, and no guarantees are held by\nthe Group.
\n\u00a0
\n\n\u00a0
\nThe Group and the\nCompany granted and received interest-bearing loans as disclosed in\nnotes 21, 25 and 26. The interest rates thereon and the terms of\nsuch borrowings are disclosed accordingly. Where applicable, the\ninterest rates on cash at bank are disclosed in note 31. The Group\nis exposed to cash flow interest rate risk on borrowings and debt\ninstruments carrying a floating interest.
\n\u00a0
\nManagement monitors the\nmovement in interest rates and, where possible, reacts to material\nmovements in such rates by restructuring its financing\nstructure.
\n\u00a0
\n\n\u00a0
\nSensitivity\nanalysis
\n\u00a0
\nThe Group and the\nCompany has used a sensitivity analysis technique that measures the\nchange in cash flows of the Group\u2019s and the Company\u2019s\nbank loans, net of cash at bank and on hand, at the end of the\nreporting period for hypothetical changes in the relevant market\nrisk variables. The sensitivity due to changes in the relevant risk\nvariables is set out below.
\n\u00a0
\nThe amounts generated\nfrom the sensitivity analysis are forward-looking estimates of\nmarket risk assuming certain market conditions. Actual results in\nthe future may differ materially from those projected results due\nto the inherent uncertainty of global financial markets. The\nsensitivity analysis is for illustrative purposes only, as in\npractice market rates rarely change in isolation and are likely to\nbe interdependent.
\n\u00a0
\nThe estimated change in\ncash flows for changes in market interest rates are based on an\ninstantaneous increase or decrease of 50 basis points at the end of\nthe reporting period, with all other variables remaining\nconstant.
\n\u00a0
\nThe sensitivity of the\nrelevant risk variables is as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \nProfit or loss\nsensitivity \n | \n|
| \n \u00a0 \n | \n\n 2024 \nEur \n | \n\n 2023 \nEur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Market interest rates\n\u2013 cash flow \n | \n\n +/-368k \n | \n\n +/-338k \n | \n
\u00a0
\nThe sensitivity on\nprofit or loss in respect of market interest rates is mainly\nattributable to bank loans.
\n\u00a0
\nLiquidity\nrisk
\n\u00a0
\nThe Group\u2019s and\nthe Company\u2019s exposure to liquidity risk arises from its\nobligations to meet its financial liabilities, which comprise of\ntrade and other payables, other financial liabilities, bank loans\nand debt securities in issue (see notes 24, 25, 26 and 28). Prudent\nliquidity risk management includes maintaining sufficient cash to\nensure the availability of an adequate amount of funding to meet\nthe Group\u2019s and the Company\u2019s obligations when they\nbecome due.
\n\u00a0
\nLiquidity risk is that\nthe Group and the Company might be unable to meet its obligations.\nThe Group and the Company manage their liquidity needs by\nmonitoring scheduled debt servicing payments for long-term\nfinancial liabilities as well as forecast cash inflows and outflows\ndue in day-to-day business. The data used for analysing these cash\nflows is consistent with that used in the contractual maturity\nanalysis below. Liquidity needs are monitored in various time\nbands, on a day-to-day and week-to-week basis. Long-term liquidity\nneeds for a 30-day and a 360-day lookout period are identified\nmonthly. Net cash requirements are compared to available borrowing\nfacilities in order to determine headroom or any shortfalls. This\nanalysis shows that available borrowing facilities are expected to\nbe sufficient over the lookout period.
\n\u00a0
\nThe Group\u2019s and\nthe Company\u2019s objective is to maintain cash to meet their\nliquidity requirements for 30-day periods at a minimum. This\nobjective was met for the reporting period. Funding for long-term\nliquidity needs is additionally secured by an adequate amount of\ncommitted credit facilities and the ability to sell long-term\nfinancial assets.
\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 and the Company can\nbe required to pay.\u00a0 The analysis includes both interest and\nprincipal cash flows.
\n\u00a0
\n| \n Group \n | \n\n On demand or\nwithin \none\nyear \nEur \n | \n\n 2-5 \nyears \nEur \n | \n\n Over \n5\nyears \nEur \n | \n\n \u00a0 \nTotal \nEur \n | \n
| \n 2025 \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 3 475\n001\u00a0 \n | \n\n 938\n143\u00a0 \n | \n\n - \n | \n\n 4 413\n144\u00a0 \n | \n
| \n Variable rate\ninstruments \n | \n\n 3 742\n265\u00a0 \n | \n\n 46 971\n935\u00a0 \n | \n\n 31 166\n630\u00a0 \n | \n\n 81 880\n830\u00a0 \n | \n
| \n Fixed rate\ninstruments \n | \n\n 2 340\n000\u00a0 \n | \n\n 26 160\n000\u00a0 \n | \n\n - \n | \n\n 28 500\n000\u00a0 \n | \n
| \n \u00a0 \n | \n\n 9 557\n266\u00a0 \n | \n\n 74 070\n078\u00a0 \n | \n\n 31 166\n630\u00a0 \n | \n\n 114 793\n974\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-interest\nbearing \n | \n\n 3 564\n354\u00a0 \n | \n\n 1 108\n638\u00a0 \n | \n\n - \n | \n\n 4 672\n992\u00a0 \n | \n
| \n Variable rate\ninstruments \n | \n\n 11 741\n042\u00a0 \n | \n\n 42 965\n598\u00a0 \n | \n\n 15 614\n083\u00a0 \n | \n\n 70 320\n723\u00a0 \n | \n
| \n Fixed rate\ninstruments \n | \n\n 38 665\n000\u00a0 \n | \n\n -\u00a0 \n | \n\n - \n | \n\n 38 665\n000\u00a0 \n | \n
| \n \u00a0 \n | \n\n 53 970\n396\u00a0 \n | \n\n 44 074\n236\u00a0 \n | \n\n 15 614\n083\u00a0 \n | \n\n 113 658\n715\u00a0 \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 2025 \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 1 113\n123\u00a0 \n | \n\n -\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n 1 113\n123\u00a0 \n | \n
| \n Variable rate\ninstruments\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \nFixed rate\ninstruments \n | \n\n 2\u00a0116\n298 \n2 340\n000\u00a0 \n | \n\n 15\u00a0916\n694 \n39 042\n396\u00a0 \n | \n\n 31\u00a0166\n630 \n\u00a0-\u00a0 \n | \n\n 49\u00a0199\n622 \n41 382\n396\u00a0 \n | \n
| \n \u00a0 \n | \n\n 5 569\n421\u00a0 \n | \n\n 54 959\n090\u00a0 \n | \n\n \u00a031 166\n630\u00a0 \n | \n\n 91 695\n141\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-interest\nbearing \n | \n\n 243\n250\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n 243\n250\u00a0 \n | \n
| \n Variable rate\ninstruments\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \n | \n\n 7 788\n845\u00a0 \n | \n\n - \n | \n\n - \n | \n\n 7 788\n845\u00a0 \n | \n
| \n Fixed rate\ninstruments \n | \n\n 44 278\n073\u00a0 \n | \n\n 10 194\n487\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n 54 472\n560\u00a0 \n | \n
| \n \u00a0 \n | \n\n 52 310\n168\u00a0 \n | \n\n 10 194\n487\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n 62 504\n655\u00a0 \n | \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 one of the Romanian entities, was\nthe Euro both in the current year and in the prior year. The\ntranslation of the Romania entities, which has the Romanian Lei as\nits functional currency, is recognised in the Group\u2019s other\ncomprehensive income in accordance with the Group\u2019s\naccounting policies.
\n\u00a0
\nCapital risk\nmanagement.
\n\u00a0
\nThe Group\u2019s and\nthe Company\u2019s objective when managing capital are to\nsafeguard its ability to continue as a going concern and to\nmaximise the return to stakeholders through the optimisation of the\ndebt and equity balance.
\n\u00a0
\nThe capital structure\nof the Group and the Company consists of debt, which includes the\nborrowings disclosed in notes 25, 26 and 28, cash and cash\nequivalents as disclosed in note 31 and of items presented within\nequity in the statement of financial position.
\n\u00a0
\nThe Group\u2019s\nDirectors manage the capital structure and adjust in the light of\nchanges in economic conditions. The capital structure is reviewed\non an ongoing basis. Based on recommendations of the Directors, the\nGroup balances its overall capital structure through the payments\nof dividends, new share issues as well as the issue of new debt or\nthe redemption of existing debt.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "ZYrRihXqjY": { "value": "Credit\nrisk
\n\u00a0
\nFinancial assets which\npotentially subject the Group and the Company to concentrations of\ncredit risk consist principally of loans, receivables and cash at\nbank.
\n\u00a0
\nLoans and receivables\nare presented net of an allowance for doubtful debts. An allowance\nfor doubtful debts is made where there is an identified loss event\nwhich, based on previous experience, is evidence of a reduction in\nthe recoverability of the cash flows.
\n\nLoans and receivables\nand certain trade receivables comprise amounts due from related\nparties. The Company\u2019s concentration to credit risk arising\nfrom these receivables are considered limited as there were no\nindications that these counterparties are unable to meet their\nobligations. Management considers these to be of good credit\nquality. Management does not consider loans and receivables to have\ndeteriorated in credit quality and the effect of management\u2019s\nestimate of the 12-month credit loss has been determined to be\ninsignificant to the results of the Company.
\n\u00a0
\n\n\u00a0
\nManagement considers\nthe credit quality of these financial assets as being\nacceptable.
\n\u00a0
\nThe credit risk on\nliquid funds is limited because the counterparties are banks with\nhigh credit-rating assigned by international credit-rating\nagencies.
\n\u00a0
\nThe carrying amount of\nfinancial assets is recorded in the financial statements, which is\nnet of impairment losses, represents the Group\u2019s and the\nCompany\u2019s maximum exposure to credit risk without taking\naccount of the value of any collateral obtained. Contingent\nliabilities are disclosed in note 35, and no guarantees are held by\nthe Group.
\n\u00a0
\n\n\u00a0
\nThe Group and the\nCompany granted and received interest-bearing loans as disclosed in\nnotes 21, 25 and 26. The interest rates thereon and the terms of\nsuch borrowings are disclosed accordingly. Where applicable, the\ninterest rates on cash at bank are disclosed in note 31. The Group\nis exposed to cash flow interest rate risk on borrowings and debt\ninstruments carrying a floating interest.
\n\u00a0
\nManagement monitors the\nmovement in interest rates and, where possible, reacts to material\nmovements in such rates by restructuring its financing\nstructure.
\n\u00a0
\n\n\u00a0
\nSensitivity\nanalysis
\n\u00a0
\nThe Group and the\nCompany has used a sensitivity analysis technique that measures the\nchange in cash flows of the Group\u2019s and the Company\u2019s\nbank loans, net of cash at bank and on hand, at the end of the\nreporting period for hypothetical changes in the relevant market\nrisk variables. The sensitivity due to changes in the relevant risk\nvariables is set out below.
\n\u00a0
\nThe amounts generated\nfrom the sensitivity analysis are forward-looking estimates of\nmarket risk assuming certain market conditions. Actual results in\nthe future may differ materially from those projected results due\nto the inherent uncertainty of global financial markets. The\nsensitivity analysis is for illustrative purposes only, as in\npractice market rates rarely change in isolation and are likely to\nbe interdependent.
\n\u00a0
\nThe estimated change in\ncash flows for changes in market interest rates are based on an\ninstantaneous increase or decrease of 50 basis points at the end of\nthe reporting period, with all other variables remaining\nconstant.
\n\u00a0
\nThe sensitivity of the\nrelevant risk variables is as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \nProfit or loss\nsensitivity \n | \n|
| \n \u00a0 \n | \n\n 2024 \nEur \n | \n\n 2023 \nEur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Market interest rates\n\u2013 cash flow \n | \n\n +/-368k \n | \n\n +/-338k \n | \n
\u00a0
\nThe sensitivity on\nprofit or loss in respect of market interest rates is mainly\nattributable to bank loans.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "NUq5-F74l4": { "value": "Liquidity\nrisk
\n\u00a0
\nThe Group\u2019s and\nthe Company\u2019s exposure to liquidity risk arises from its\nobligations to meet its financial liabilities, which comprise of\ntrade and other payables, other financial liabilities, bank loans\nand debt securities in issue (see notes 24, 25, 26 and 28). Prudent\nliquidity risk management includes maintaining sufficient cash to\nensure the availability of an adequate amount of funding to meet\nthe Group\u2019s and the Company\u2019s obligations when they\nbecome due.
\n\u00a0
\nLiquidity risk is that\nthe Group and the Company might be unable to meet its obligations.\nThe Group and the Company manage their liquidity needs by\nmonitoring scheduled debt servicing payments for long-term\nfinancial liabilities as well as forecast cash inflows and outflows\ndue in day-to-day business. The data used for analysing these cash\nflows is consistent with that used in the contractual maturity\nanalysis below. Liquidity needs are monitored in various time\nbands, on a day-to-day and week-to-week basis. Long-term liquidity\nneeds for a 30-day and a 360-day lookout period are identified\nmonthly. Net cash requirements are compared to available borrowing\nfacilities in order to determine headroom or any shortfalls. This\nanalysis shows that available borrowing facilities are expected to\nbe sufficient over the lookout period.
\n\u00a0
\nThe Group\u2019s and\nthe Company\u2019s objective is to maintain cash to meet their\nliquidity requirements for 30-day periods at a minimum. This\nobjective was met for the reporting period. Funding for long-term\nliquidity needs is additionally secured by an adequate amount of\ncommitted credit facilities and the ability to sell long-term\nfinancial assets.
\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 and the Company can\nbe required to pay.\u00a0 The analysis includes both interest and\nprincipal cash flows.
\n\u00a0
\n| \n Group \n | \n\n On demand or\nwithin \none\nyear \nEur \n | \n\n 2-5 \nyears \nEur \n | \n\n Over \n5\nyears \nEur \n | \n\n \u00a0 \nTotal \nEur \n | \n
| \n 2025 \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 3 475\n001\u00a0 \n | \n\n 938\n143\u00a0 \n | \n\n - \n | \n\n 4 413\n144\u00a0 \n | \n
| \n Variable rate\ninstruments \n | \n\n 3 742\n265\u00a0 \n | \n\n 46 971\n935\u00a0 \n | \n\n 31 166\n630\u00a0 \n | \n\n 81 880\n830\u00a0 \n | \n
| \n Fixed rate\ninstruments \n | \n\n 2 340\n000\u00a0 \n | \n\n 26 160\n000\u00a0 \n | \n\n - \n | \n\n 28 500\n000\u00a0 \n | \n
| \n \u00a0 \n | \n\n 9 557\n266\u00a0 \n | \n\n 74 070\n078\u00a0 \n | \n\n 31 166\n630\u00a0 \n | \n\n 114 793\n974\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-interest\nbearing \n | \n\n 3 564\n354\u00a0 \n | \n\n 1 108\n638\u00a0 \n | \n\n - \n | \n\n 4 672\n992\u00a0 \n | \n
| \n Variable rate\ninstruments \n | \n\n 11 741\n042\u00a0 \n | \n\n 42 965\n598\u00a0 \n | \n\n 15 614\n083\u00a0 \n | \n\n 70 320\n723\u00a0 \n | \n
| \n Fixed rate\ninstruments \n | \n\n 38 665\n000\u00a0 \n | \n\n -\u00a0 \n | \n\n - \n | \n\n 38 665\n000\u00a0 \n | \n
| \n \u00a0 \n | \n\n 53 970\n396\u00a0 \n | \n\n 44 074\n236\u00a0 \n | \n\n 15 614\n083\u00a0 \n | \n\n 113 658\n715\u00a0 \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 2025 \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 1 113\n123\u00a0 \n | \n\n -\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n 1 113\n123\u00a0 \n | \n
| \n Variable rate\ninstruments\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \nFixed rate\ninstruments \n | \n\n 2\u00a0116\n298 \n2 340\n000\u00a0 \n | \n\n 15\u00a0916\n694 \n39 042\n396\u00a0 \n | \n\n 31\u00a0166\n630 \n\u00a0-\u00a0 \n | \n\n 49\u00a0199\n622 \n41 382\n396\u00a0 \n | \n
| \n \u00a0 \n | \n\n 5 569\n421\u00a0 \n | \n\n 54 959\n090\u00a0 \n | \n\n \u00a031 166\n630\u00a0 \n | \n\n 91 695\n141\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-interest\nbearing \n | \n\n 243\n250\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n 243\n250\u00a0 \n | \n
| \n Variable rate\ninstruments\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \n | \n\n 7 788\n845\u00a0 \n | \n\n - \n | \n\n - \n | \n\n 7 788\n845\u00a0 \n | \n
| \n Fixed rate\ninstruments \n | \n\n 44 278\n073\u00a0 \n | \n\n 10 194\n487\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n 54 472\n560\u00a0 \n | \n
| \n \u00a0 \n | \n\n 52 310\n168\u00a0 \n | \n\n 10 194\n487\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n 62 504\n655\u00a0 \n | \n
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 one of the Romanian entities, was\nthe Euro both in the current year and in the prior year. The\ntranslation of the Romania entities, which has the Romanian Lei as\nits functional currency, is recognised in the Group\u2019s other\ncomprehensive income in accordance with the Group\u2019s\naccounting policies.
", "dimensions": { "concept": "hiliproperties:DisclosureOfCurrencyRiskExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "KcXZBzxPEA": { "value": "Capital risk\nmanagement.
\n\u00a0
\nThe Group\u2019s and\nthe Company\u2019s objective when managing capital are to\nsafeguard its ability to continue as a going concern and to\nmaximise the return to stakeholders through the optimisation of the\ndebt and equity balance.
\n\u00a0
\nThe capital structure\nof the Group and the Company consists of debt, which includes the\nborrowings disclosed in notes 25, 26 and 28, cash and cash\nequivalents as disclosed in note 31 and of items presented within\nequity in the statement of financial position.
\n\u00a0
\nThe Group\u2019s\nDirectors manage the capital structure and adjust in the light of\nchanges in economic conditions. The capital structure is reviewed\non an ongoing basis. Based on recommendations of the Directors, the\nGroup balances its overall capital structure through the payments\nof dividends, new share issues as well as the issue of new debt or\nthe redemption of existing debt.
", "dimensions": { "concept": "hiliproperties:DisclosureOfCapitalRiskManagementExplanatory", "language": "en", "entity": "scheme:635400RXTO5QHJ78MD90", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "WRlo-bD_9K": { "value": "38. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nNon-current assets held for sale and\nliabilities directly associated with non-current assets held for\nsale
\n\u00a0
\nDuring the year, the\nBoard of Directors resolved to dispose of the following\nsubsidiaries which are held indirectly by the company:
\n\u00a0
\n| \n Name of\ncompany \n | \n\n Country of\nIncorporation \n | \n
| \n Apex Investments\nSIA \n | \n\n Latvia \n | \n
| \n SC Stirnu SIA \n | \n\n Latvia \n | \n
| \n Tirdzniec\u012bbas centrs\nDole SIA \n | \n\n Latvia \n | \n
\u00a0
\nThe combined\nsubsidiaries\u2019 amounts of assets and liabilities classified as\nheld for sale are as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n|
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Eur \n | \n\n Eur \n | \n
| \n Assets \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Investment property (net of\nimpairment of Eur1,193,151) \n | \n\n 37 022\n438 \n | \n\n 36 766 067 \n | \n
| \n Property, plant and\nequipment \n | \n\n 40\n448 \n | \n\n 82 161 \n | \n
| \n Right-of-use\nassets \n | \n\n 82\n528 \n | \n\n 84 001 \n | \n
| \n Trade and other\nreceivables \n | \n\n 337\n492 \n | \n\n 344 930 \n | \n
| \n Cash and cash\nequivalents \n | \n\n 1 314\n525 \n | \n\n 5 597 989 \n | \n
| \n \u00a0 \n | \n\n 38 797\n431 \n | \n\n 42 875 148 \n | \n
\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n|
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Eur \n | \n\n Eur \n | \n
| \n Liabilities \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Trade and other\npayables \n | \n\n 506\n820 \n | \n\n 568 953 \n | \n
| \n Lease\nliabilities \n | \n\n 86\n640 \n | \n\n 86 824 \n | \n
| \n Bank loans \n | \n\n - \n | \n\n 13 214 821 \n | \n
| \n Current tax\nliability \n | \n\n 951\n659 \n | \n\n 1 079 \n | \n
| \n \u00a0 \n | \n\n 1 545\n119 \n | \n\n 13 871 677 \n | \n