v3.25.3
Loans and Borrowings (Tables)
 12 Months Ended
Sep. 30, 2025
Disclosure of detailed information about borrowings [abstract]  
Schedule of Principal and Interest Payable Amounts Outstanding

The Company has the following principal and interest payable amounts outstanding for loans and borrowings from banks:

 

(in thousand of Euros)

 

Year of maturity

 

September 30, 2025

 

 

September 30, 2024

 

Non-current liabilities

 

 

 

 

 

 

 

 

EUR Term Loan

 

2029

 

 

375,000

 

 

 

375,000

 

USD Term Loan

 

2029

 

 

98,641

 

 

 

152,883

 

Vendor Loan

 

2029

 

 

217,408

 

 

 

208,305

 

Vendor Loan - interest payable

 

N/A

 

 

3,983

 

 

 

—

 

Senior Notes

 

2029

 

 

428,500

 

 

 

428,500

 

 

 

 

 

1,123,532

 

 

 

1,164,688

 

Senior Notes embedded derivative

 

 

 

 

28,638

 

 

 

28,638

 

Less: amortization under the effective interest method

 

 

 

 

(24,160

)

 

 

(23,361

)

 

 

 

 

1,128,010

 

 

 

1,169,965

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

EUR Term Loan - interest payable

 

N/A

 

 

2,242

 

 

 

3,591

 

USD Term Loan - current portion

 

2026

 

 

5,090

 

 

 

7,890

 

USD Term Loan - interest payable

 

N/A

 

 

428

 

 

 

—

 

Vendor Loan - interest payable

 

N/A

 

 

—

 

 

 

3,816

 

Senior Notes - interest payable

 

N/A

 

 

9,373

 

 

 

9,373

 

 

 

 

 

 

17,133

 

 

 

24,670

 
Reconciliation of Financial Liabilities

A reconciliation of financial liabilities is as follows:

 

 

 

Original EUR Term Loan

 

EUR Term Loan

 

Original USD Term Loan

 

USD Term Loan

 

Vendor
Loan

 

Senior
Notes

 

Amortized transaction costs of loans and
borrowings *

 

Total
loans and borrowings

 

Amortized transaction costs of RCF **

 

Interest cap

October 1, 2023

 

379,197

 

—

 

748,444

 

—

 

305,048

 

437,873

 

(17,524)

 

1,853,038

 

(1,826)

 

(2,913)

Changes from financing cash flows

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proceeds from loans and borrowings

 

—

 

375,000

 

—

 

259,524

 

—

 

—

 

—

 

634,524

 

—

 

—

Repayment of loans and borrowings

 

(375,000)

 

—

 

(730,836)

 

(90,196)

 

(100,000)

 

—

 

—

 

(1,296,032)

 

—

 

—

Interest (paid)/received ***

 

(26,140)

 

—

 

(37,391)

 

(2,689)

 

(2,049)

 

(22,496)

 

—

 

(90,765)

 

—

 

1,359

Payment capitalized transaction cost

 

—

 

—

 

—

 

—

 

—

 

—

 

(3,955)

 

(3,955)

 

(1,508)

 

—

Total changes from financing cash flows

 

(401,140)

 

375,000

 

(768,227)

 

166,639

 

(102,049)

 

(22,496)

 

(3,955)

 

(756,228)

 

(1,508)

 

1,359

The effect of changes in foreign exchange rates

 

—

 

—

 

(6,573)

 

(8,573)

 

—

 

—

 

478

 

(14,668)

 

—

 

—

Changes in fair value

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

2,767

Interest expense (income)

 

21,943

 

3,591

 

26,356

 

2,707

 

9,122

 

22,496

 

—

 

86,215

 

—

 

(1,359)

Amortization of capitalized transaction cost

 

—

 

—

 

—

 

—

 

—

 

—

 

26,528

 

26,528

 

1,881

 

—

Capitalized transaction cost not yet paid

 

—

 

—

 

—

 

—

 

—

 

—

 

(250)

 

(250)

 

—

 

—

September 30, 2024

 

—

 

378,591

 

—

 

160,773

 

212,121

 

437,873

 

5,277

 

1,194,635

 

(1,453)

 

(146)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

October 1, 2024

 

—

 

378,591

 

—

 

160,773

 

212,121

 

437,873

 

5,277

 

1,194,635

 

(1,453)

 

(146)

Changes from financing cash flows

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proceeds from loans and borrowings

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

Repayment of loans and borrowings

 

—

 

—

 

—

 

(50,137)

 

—

 

—

 

—

 

(50,137)

 

—

 

—

Interest (paid)/received ***

 

—

 

(18,097)

 

—

 

(9,928)

 

—

 

(22,496)

 

—

 

(50,521)

 

—

 

144

Payment of capitalized transaction cost

 

—

 

—

 

—

 

—

 

—

 

—

 

(250)

 

(250)

 

—

 

—

Total changes from financing cash flows

 

—

 

(18,097)

 

—

 

(60,065)

 

—

 

(22,496)

 

(250)

 

(100,908)

 

—

 

144

The effect of changes in foreign exchange rates

 

—

 

—

 

—

 

(6,977)

 

—

 

—

 

31

 

(6,946)

 

—

 

—

Changes in fair value

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

146

Interest expense (income)

 

—

 

16,748

 

—

 

10,428

 

9,270

 

22,496

 

—

 

58,942

 

—

 

(144)

Amortization of capitalized transaction cost

 

—

 

—

 

—

 

—

 

—

 

—

 

(830)

 

(830)

 

329

 

—

Capitalized transaction cost not yet paid

 

—

 

—

 

—

 

—

 

—

 

—

 

250

 

250

 

—

 

—

September 30, 2025

 

—

 

377,242

 

—

 

104,159

 

221,391

 

437,873

 

4,478

 

1,145,143

 

(1,124)

 

—

 

* Amortized transaction of loans and borrowings has a positive balance as the value of the embedded derivative bifurcated at inception from the Senior Notes exceeds the amount of capitalized transaction costs.

**Transaction fees related to the RCF are capitalized as part of "Other assets."

*** The remainder of interest paid during the year ended September 30, 2025 relates to other financing costs.