2025 Universal Registration Document

5. 2025 Consolidated Financial Statements

a) 2025

The change in the number of shares in 2025 was as follows:

The change in the number of shares in 2025 was as follows:
In shares Share capital Treasury shares Common shares outstanding
At 01.01.2025 At 01.01.2025

Share capital

534,312,021
At 01.01.2025

Treasury shares

—
At 01.01.2025

Common shares outstanding

534,312,021
Shares cancelled

Shares cancelled

Share capital

(1,356,636)

Shares cancelled

Treasury shares

1,356,636

Shares cancelled

Common shares outstanding

—
Options and free shares exercised

Options and free shares exercised

Share capital

827,643

Options and free shares exercised

Treasury shares

—

Options and free shares exercised

Common shares outstanding

827,643

Treasury shares purchased

Treasury shares purchased

Share capital

—

Treasury shares purchased

Treasury shares

(1,356,636)

Treasury shares purchased

Common shares outstanding

(1,356,636)

AT 31.12.2025

AT 31.12.2025

Share capital

533,783,028

AT 31.12.2025

Treasury shares

—

AT 31.12.2025

Common shares outstanding

533,783,028

The change in treasury shares in 2025 was as follows:

The change in treasury shares in 2025 was as follows:
In shares Buyback programme Allocated to free-share plans Total € millions
At 01.01.2025

At 01.01.2025

Buyback programme

—

At 01.01.2025

Allocated to free-share plans

—

At 01.01.2025

Total

—

At 01.01.2025

€ millions

—
Shares cancelled

Shares cancelled

Buyback programme

(1,356,636)

Shares cancelled

Allocated to free-share plans

—

Shares cancelled

Total

(1,356,636)

Shares cancelled

€ millions

(501.5)

Options and free shares exercised

Options and free shares exercised

Buyback programme

—

Options and free shares exercised

Allocated to free-share plans

—

Options and free shares exercised

Total

—

Options and free shares exercised

€ millions

—
Treasury shares purchased

Treasury shares purchased

Buyback programme

1,356,636

Treasury shares purchased

Allocated to free-share plans

—

Treasury shares purchased

Total

1,356,636

Treasury shares purchased

€ millions

501.5

AT 31.12.2025

AT 31.12.2025

Buyback programme

—

AT 31.12.2025

Allocated to free-share plans

—

AT 31.12.2025

Total

—

AT 31.12.2025

€ millions

—
b) 2024

The change in the number of shares in 2024 was as follows:

The change in the number of shares in 2024 was as follows:
In shares Share capital Treasury shares Common shares outstanding
At 01.01.2024 At 01.01.2024

Share capital

534,725,475
At 01.01.2024

Treasury shares

—
At 01.01.2024

Common shares outstanding

534,725,475
Shares cancelled

Shares cancelled

Share capital

(1,308,557)

Shares cancelled

Treasury shares

1,308,557

Shares cancelled

Common shares outstanding

—
Options and free shares exercised

Options and free shares exercised

Share capital

895,103

Options and free shares exercised

Treasury shares

—

Options and free shares exercised

Common shares outstanding

895,103

Treasury shares purchased

Treasury shares purchased

Share capital

—

Treasury shares purchased

Treasury shares

(1,308,557)

Treasury shares purchased

Common shares outstanding

(1,308,557)

AT 31.12.2024

AT 31.12.2024

Share capital

534,312,021

AT 31.12.2024

Treasury shares

—

AT 31.12.2024

Common shares outstanding

534,312,021

The change in treasury shares in 2024 was as follows:

The change in treasury shares in 2024 was as follows:
In shares Buyback programme Allocated to free-share plans Total € millions
At 01.01.2024 At 01.01.2024

Buyback programme

—
At 01.01.2024

Allocated to

free-share plans
—
At 01.01.2024

Total

—
At 01.01.2024

€ millions

—
Shares cancelled

Shares cancelled

Buyback programme

(1,308,557)

Shares cancelled

Allocated to

free-share plans
—

Shares cancelled

Total

(1,308,557)

Shares cancelled

€ millions

(497.5)

Options and free shares exercised

Options and free shares exercised

Buyback programme

—

Options and free shares exercised

Allocated to

free-share plans
—

Options and free shares exercised

Total

—

Options and free shares exercised

€ millions

—
Treasury shares purchased

Treasury shares purchased

Buyback programme

1,308,557

Treasury shares purchased

Allocated to

free-share plans
—

Treasury shares purchased

Total

1,308,557

Treasury shares purchased

€ millions

497.5

AT 31.12.2024

AT 31.12.2024

Buyback programme

—

AT 31.12.2024

Allocated to

free-share plans
—

AT 31.12.2024

Total

—

AT 31.12.2024

€ millions

—
c) 2023

The change in the number of shares in 2023 was as follows:

The change in the number of shares in 2023 was as follows:
In shares Share capital Treasury shares Common shares outstanding
At 01.01.2023

At 01.01.2023

Share capital

535,186,562

At 01.01.2023

Treasury shares

—

At 01.01.2023

Common shares outstanding

535,186,562

Shares cancelled

Shares cancelled

Share capital

(1,271,632)

Shares cancelled

Treasury shares

1,271,632

Shares cancelled

Common shares outstanding

—
Options and free shares exercised

Options and free shares exercised

Share capital

810,545

Options and free shares exercised

Treasury shares

—

Options and free shares exercised

Common shares outstanding

810,545

Treasury shares purchased

Treasury shares purchased

Share capital

—

Treasury shares purchased

Treasury shares

(1,271,632)

Treasury shares purchased

Common shares outstanding

(1,271,632)

AT 31.12.2023

AT 31.12.2023

Share capital

534,725,475

AT 31.12.2023

Treasury shares

—

AT 31.12.2023

Common shares outstanding

534,725,475