Analysis of significant judgements and estimates

The uncertainties in judgments and estimates specified in the Consolidated Financial Statements as of March 31, 2025, have been repeatedly examined in connection with the preparation of the present Interim Consolidated Financial Statements and remain valid.

GEOPOLITICAL AND TRADE POLICY DEVELOPMENTS

The geopolitical uncertainties, particularly in connection with U.S. tariff policy, persist and have intensified following the increase in tariffs on steel imports from the EU from 25 % to 50 %. In this challenging environment the voestalpine Group was able to maintain its position and achieved an overall stable performance in the first half of the business year 2025/26. The countermeasures initiated in the previous year – such as site-specific restructuring measures, targeted price adjustments, diversification of the customer portfolio, and efficiency improvements – were further specified and implemented, and are increasingly showing positive effects. See also the chapter Impairment losses and reversal of impairment losses for further details.

Effects of sustainability strategy—decarbonization and green transformation

The voestalpine Group continually observes and analyzes relevant developments. All disclosures as of March 31, 2025, remain valid.

There was no need to recognize impairment losses in the first half of the business year 2025/26 due to climate-related risks. The assumptions in this connection were evaluate based on the information available as of the reporting date using the best possible estimates.