| Schedule of long-term debt |
As of December 31, 2025 and 2024, long-term debt consisted of the following: Long-term debt in € K | | | | | | | 2025 | | 2024 | | | | | | Schuldschein loans | | 227,296 | | 228,399 | Bonds | | 6,967,743 | | 6,492,120 | Other | | 92,842 | | 115,589 | Long-term debt | | 7,287,881 | | 6,836,108 | Less current portion | | (1,596,029) | | (575,283) | Long-term debt, less current portion | | 5,691,852 | | 6,260,825 |
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| Schedule of bonds |
At December 31, 2025 and 2024, the Company’s bonds consisted of the following: Bonds in K | | | | | | | | | | | | | | Face | | | | | | Book value in € | Issuer/Transaction | | amount | | Maturity | | Coupon | | 2025 | | 2024 | Fresenius Medical Care AG, 2018 | | € | 500,000 | | July 11, 2025 | | 1.500 | % | — | | 503,204 | Fresenius Medical Care AG, 2020 | | € | 399,975 | | May 29, 2026 | | 1.000 | % | 402,073 | | 501,787 | Fresenius Medical Care AG, 2019 | | € | 400,025 | | November 30, 2026 | | 0.625 | % | 399,648 | | 598,438 | Fresenius Medical Care US Finance III, Inc. 2021 | | $ | 850,000 | | December 1, 2026 | | 1.875 | % | 723,260 | | 816,438 | Fresenius Medical Care AG, 2022 | | € | 750,000 | | September 20, 2027 | | 3.875 | % | 756,094 | | 754,936 | Fresenius Medical Care AG, 2025 | | € | 600,000 | | December 8, 2028 | | 3.125 | % | 597,521 | | — | Fresenius Medical Care US Finance III, Inc. 2019 | | $ | 500,000 | | June 15, 2029 | | 3.750 | % | 422,965 | | 477,290 | Fresenius Medical Care AG, 2019 | | € | 500,000 | | November 29, 2029 | | 1.250 | % | 499,293 | | 498,971 | Fresenius Medical Care AG, 2020 | | € | 750,000 | | May 29, 2030 | | 1.500 | % | 754,473 | | 753,979 | Fresenius Medical Care AG, 2025 | | € | 500,000 | | November 24, 2030 | | 3.250 | % | 498,176 | | — | Fresenius Medical Care US Finance III, Inc. 2020 | | $ | 1,000,000 | | February 16, 2031 | | 2.375 | % | 854,570 | | 965,623 | Fresenius Medical Care US Finance III, Inc. 2021 | | $ | 650,000 | | December 1, 2031 | | 3.000 | % | 550,209 | | 621,454 | Fresenius Medical Care AG, 2025 | | € | 500,000 | | April 8, 2032 | | 3.750 | % | 509,461 | | — | | | | | | | | | | 6,967,743 | | 6,492,120 |
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