v3.25.4
Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Borrowings [abstract]  
Breakdown of borrowings and related terms The accompanying tables present information about the long-term debt outstanding, its maturity and
average interest rates in 2025 and 2024.
Philips Group
Long-term debt in millions of EUR unless otherwise stated
2025
Amount outstanding
Current portion
Non-current portion
Between 1 and 5 years
Amount due after 5 years
Average remaining term
(in years)
Average rate of interest
USD bonds
1,135
108
1,027
-
1,027
12.6
6.2%
EUR bonds
5,659
632
5,027
2,747
2,280
4.5
2.5%
Forward contracts
274
152
123
123
-
1.2
0.5%
Lease liabilities
963
207
757
479
277
3.5
4.0%
Bank borrowings
1
1
-
-
-
1.0
1.0%
Other long-term debt
-
-
-
-
-
3.6
1.3%
Long-term debt
8,032
1,098
6,934
3,349
3,584
5.4
3.2%
Philips Group
Long-term debt in millions of EUR unless otherwise stated
2024
Amount outstanding
Current portion
Non-current portion
Between 1 and 5 years
Amount due after 5 years
Average remaining term
(in years)
Average rate of interest
USD bonds
1,408
131
1,276
122
1,154
12.3
6.3%
EUR bonds
4,917
4,917
2,639
2,278
4.7
2.3%
Forward contracts
148
82
66
66
-
1.3
1.2%
Lease liabilities
1,073
219
854
506
347
3.8
3.7%
Bank borrowings
1
1
1
1
-
1.5
1.0%
Other long-term debt
-
-
-
-
-
3.2
1.2%
Long-term debt
7,546
434
7,113
3,333
3,779
5.9
3.2%
The accompanying table presents the amount outstanding and effective rate of bonds.
Philips Group
Unsecured Bonds in millions of EUR unless otherwise stated
Effective rate
2025
2024
Unsecured EUR Bonds
Due 22/05/2026; 1/2%
0.608%
632
750
Due 05/05/2027; 1 7/8%
2.049%
687
750
Due 02/05/2028; 1 3/8%
1.523%
480
500
Due 05/11/2029; 2 1/8%
2.441%
595
650
Due 30/03/2030; 2%
2.128%
500
500
Due 31/05/2030; 3 2/8%
3.324%
500
Due 08/09/2031; 4 2/8%
4.33%
500
500
Due 31/05/2032; 3 3/4%
4.043%
700
700
Due 05/05/2033; 2 5/8%
2.71%
600
600
Due 31/05/2035; 4%
4.092%
500
Unsecured USD Bonds
Due 15/05/2025; 7 3/4%
7.429%
52
Due 15/05/2025; 7 1/8%
6.794%
79
Due 01/06/2026; 7 1/5%
6.885%
108
121
Due 03/11/2038; 6 7/8%
7.21%
620
697
Due 15/03/2042; 5%
5.273%
426
480
Adjustments ¹
(54)
(55)
Unsecured Bonds
6,794
6,324
1Adjustments related to both EUR and USD bonds and concern bond discounts, premium and transaction costs
Philips Group
Short-term debt in millions of EUR
2025
2024
Short-term bank borrowings
52
92
Current portion of long-term debt
1,098
434
Short-term debt
1,151
526
Lease liabilities The accompanying table presents a reconciliation between the total of future minimum lease payments and
their present value.
Philips Group
Lease liabilities in millions of EUR
2025
2024
Future
minimum
lease
payments
Interest
Present
value of
minimum
lease
payments
Future
minimum
lease
payments
Interest
Present
value of
minimum
lease
payments
Less than one year
241
34
207
255
35
219
Between one and five years
556
76
479
592
85
506
More than five years
304
27
277
385
38
347
Lease liabilities
1,101
137
963
1,232
159
1,073