| Schedule of goodwill recognized and impairment analysis |
| | | | | | | | | | | Goodwill recognized | | | | | | | | | | | in € K | | | | | | | | | | | | | December 31, 2025 | | October 1, 2025 | | June 1, 2025(1) | | December 31, 2024 | | October 1, 2024 | Goodwill | | 13,571,394 | | 13,585,362 | | 14,035,273 | | 15,170,652 | | 14,227,152 | thereof Care Delivery | | 11,212,997 | | 11,227,831 | | 11,613,650 | | 13,014,925 | | 12,171,616 | thereof Value-Based Care | | 368,663 | | 368,945 | | 382,025 | | n.a. | | n.a. | thereof Care Enablement | | 1,989,734 | | 1,988,586 | | 2,039,598 | | 2,155,727 | | 2,055,536 |
| | | | | | | | | | | Excess of recoverable amount over carrying amount | | | | | | | | | | | in € K | | | | | | | | | | | | | December 31, 2025 | | October 1, 2025 | | June 1, 2025(1) | | December 31, 2024 | | October 1, 2024 | Care Delivery | | 6,521,602 | | 5,606,349 | | 5,110,313 | | 6,757,218 | | 7,454,490 | Value-Based Care | | 172,260 | | 89,670 | | 424,898 | | n.a. | | n.a. | Care Enablement | | 2,732,309 | | 2,672,471 | | 8,661,306 | | 3,290,699 | | 3,360,527 |
| | | | | | | | | | | Key assumptions | in % | | | | | Care Delivery | | | December 31, | | October 1, | | June 1, | | December 31, | | October 1, | | | 2025 | | 2025 | | 2025(1) | | 2024 | | 2024 | Average revenue growth in projection period | | low-single-digit | | low-single-digit | | low-single-digit | | mid-single-digit | | mid-single-digit | Average operating income growth in projection period | | mid-single-digit | | mid-single-digit | | low-single-digit | | mid-single-digit | | mid-single-digit | Residual value growth | | 1.00 | | 1.00 | | 1.00 | | 1.00 | | 1.00 | Pre-tax WACC | | 8.90 | | 9.09 | | 9.06 | | 8.55 | | 8.50 | After-tax WACC | | 7.21 | | 7.39 | | 7.37 | | 6.46 | | 6.45 | | | | | | | | | | | | Sensitivity analysis | | | | | | | | | | | Change in percentage points | | | | | | | | | | | Pre-tax WACC | | 2.69 | | 2.36 | | 2.18 | | 2.46 | | 2.77 | After-tax WACC | | 2.11 | | 1.86 | | 1.51 | | 1.80 | | 2.05 | Residual value growth | | (8.53) | | (7.40) | | (6.83) | | (7.55) | | (9.37) | Operating income margin of each projection year | | (3.18) | | (2.88) | | (2.39) | | (2.86) | | (3.20) |
| | | | | | | Key assumptions | in % | | | | | Value-Based Care | | | December 31, 2025 | | October 1, 2025 | | June 1, 2025(1) | Average revenue growth in projection period | | high-single-digit | | high-single-digit | | low-double-digit | Average operating income growth in projection period | | low-triple-digit | | low-triple-digit | | low-triple-digit | Residual value growth | | 2.80 | | 2.80 | | 2.80 | Pre-tax WACC | | 8.53 | | 9.00 | | 9.45 | After-tax WACC | | 7.20 | | 7.57 | | 7.97 | | | | | | | | Sensitivity analysis | | | | | | | Change in percentage points | | | | | | | Pre-tax WACC | | 1.71 | | 0.97 | | 6.07 | After-tax WACC | | 1.32 | | 0.75 | | 4.67 | Residual value growth | | (2.36) | | (1.32) | | (11.17) | Operating income margin of each projection year | | (0.41) | | (0.24) | | (0.99) |
| | | | | | | | | | | Key assumptions | in % | | | | | | | | | Care Enablement | | | December 31, | | October 1, | | June 1, | | December 31, | | October 1, | | | 2025 | | 2025 | | 2025(1) | | 2024 | | 2024 | Average revenue growth in projection period | | mid-single-digit | | mid-single-digit | | mid-single-digit | | mid-single-digit | | mid-single-digit | Average operating income growth in projection period | | high-single-digit | | high-single-digit | | high-single-digit | | low-double-digit | | low-double-digit | Residual value growth | | 1.00 | | 1.00 | | 1.00 | | 1.00 | | 1.00 | Pre-tax WACC | | 8.43 | (3) | 8.52 | (3) | 5.85 | (2) | 7.78 | | 7.79 | After-tax WACC | | 6.42 | (3) | 6.51 | (3) | 4.6 | (2) | 6.00 | | 6.03 | | | | | | | | | | | | Sensitivity analysis | | | | | | | | | | | Change in percentage points | | | | | | | | | | | Pre-tax WACC | | 2.02 | | 2.01 | | 4.35 | | 2.30 | | 2.39 | After-tax WACC | | 1.41 | | 1.42 | | 3.05 | | 1.67 | | 1.75 | Residual value growth | | (4.74) | | (4.84) | | (13.02) | | (5.70) | | (6.16) | Operating income margin of each projection year | | (2.62) | | (2.64) | | (5.24) | | (2.90) | | (3.02) |
| (1) | Information as of June 1, 2025 is presented in alignment with the aforementioned changes in the Company’s operating segments. The Company performed an impairment analysis at the date of the reallocation in both the current and prior CGU structure, neither of which indicated any impairment in our operating segments. The key assumptions and sensitivities under both the current and prior CGU structures are not materially different. |
| (2) | The decrease of the after-tax and pre-tax WACC of Care Enablement compared to the status as of December 31, 2024 was mainly driven by a lower beta factor due to peer group changes and lower beta factors of the majority of the remaining peer entities. |
| (3) | The increase of the after-tax and pre-tax WACC of Care Enablement compared to the status as of June 1, 2025 was mainly driven by a refined methodology of WACC calculation in regards to country risk premiums. |
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