v3.25.4
Earnings per ordinary share
 12 Months Ended
Dec. 31, 2025
Basic earnings per share [abstract]  
Earnings per ordinary share 28  Earnings per ordinary share
Earnings per ordinary share
Weighted average number
of ordinary shares
outstanding
Amount
during the period
Per ordinary share
(in EUR million)
(in millions)
(in EUR)
2025
2024
2023
2025
2024
2023
2025
2024
2023
Basic earnings
8,324
5,334
4,140
2,989.7
3,228.7
3,562.9
2.78
1.65
1.16
Basic earnings from
continuing operations
8,324
5,334
4,140
2.78
1.65
1.16
Effect of dilutive
instruments:
Share plans
0.0
0.0
2.4
0.0
0.0
2.4
Diluted earnings
8,324
5,334
4,140
2,989.7
3,228.7
3,565.3
2.78
1.65
1.16
Diluted earnings from
continuing operations
8,324
5,334
4,140
2.78
1.65
1.16
Earnings per ordinary share is calculated on the basis of the weighted average number of ordinary shares
outstanding. In calculating the weighted average number of ordinary shares outstanding, own shares held by group
companies (including share buyback programmes) are deducted from the total number of ordinary shares in issue.
Dilutive instruments
Diluted earnings per share is calculated as if the share plans outstanding at the end of the period had been
exercised at the beginning of the period and assuming that the cash received from dilutive instruments (if any) is
used to buy own shares against the average market price during the period. The net increase in the number of
shares resulting from exercising share plans is added to the average number of shares used for the calculation of
diluted earnings per share.