Notes on the consolidated statement of financial position
In the first half of the business year 2025/26, depreciation totaling EUR 377.1 million was less than actual investments in property, plant, and equipment, goodwill and other intangible assets of EUR 408.4 million. However, primarily due to negative currency translations of EUR 57.5 million non-current assets decreased from EUR 8,112.8 million to EUR 8,055.4 million.
The decrease in other assets and other provisions compared to the balance sheet date is due, in particular, to the required surrender of emission certificates until September 30 of each calendar year for the greenhouse gas emissions of the previous calendar year. The decrease in current assets occured due to the disposal of CO2 repos (purchase of CO2 allowances subject to simultaneous repurchase agreements).
As of September 30, 2025, voestalpine AG’s share capital is EUR 324,391,840.99 (March 31, 2025: EUR 324,391,840.99) and is divided into 178,549,163 shares (March 31, 2025: 178,549,163). The company held 7,098,547 of its treasury shares as of the reporting date.
Due primarily to changes in the share of result of entities consolidated according to the equity method (negative), the currency translations (negative), and the cash flow hedges (positive), the profit after tax of EUR 198.6 million was reduced to total comprehensive income of EUR 167.9 million. The Annual General Meeting on July 2, 2025, resolved a dividend per share of EUR 0.60 for the business year 2024/25. Therefore, voestalpine AG has distributed dividends of EUR 102.9 million to its shareholders in the current business year. A dividend of EUR 11.0 million was distributed to non-controlling interests. As the overall result exceeds the dividend distributions, equity increased to EUR 7,530.7 million.
In the current business year, the adjustment of the discount rate from 3.8 % as of March 31, 2025, to 3.7 % as of September 30, 2025, in particular, results in an increase in the provisions for pension and severance obligations and consequently in an actuarial loss of EUR 1.0 million (after deferred taxes) that is recognized in other comprehensive income. The adjustment in the discount rate in combination with an increase in retirement age (salaried employees 63 years and waged employees 62 years) in Austrian companies primarily leads to an increase (recognized in income) of EUR 10.4 million (or EUR 8.0 million after deferred taxes) in the provisions for long-service bonuses.
On April 10, 2019 voestalpine AG issued a fixed interest bond of EUR 500.0 million. The bond will be redeemed in April 2026 and is presented in the current financial liabilities. The decrease in non-current liabilities is due to the aforementioned change in reporting as well as the repayment of non-current financial liabilitites in the amount of EUR 150.0 million.