| Disclosure of ordinary shares and convertible preferred shares and development of outstanding shares |
The ordinary shares and convertible preferred shares are classified as equity. | | | | | | | | | | | Year ended December 31 | Number of shares | 2025 | 2024 | | Ordinary shares issued (€0.15 par value per share) | 173,539,745 | 162,521,524 | | | | | | | TOTAL SHARES ISSUED | 173,539,745 | 162,521,524 | | | Less Treasury shares | (124,322) | (124,322) | | | OUTSTANDING SHARES | 173,415,423 | | 162,397,202 | | |
The following table shows the development of the number of outstanding shares: | | | | | | | | | | | Year ended December 31 | Number of shares | 2025 | 2024 | | | OUTSTANDING AS AT JANUARY 1 | 162,397,202 | 138,787,820 | | Share-based compensation exercises | 1,684,889 | | 609,382 | | | Capital Increase | 9,333,332 | | 23,000,000 | | | | | | | | | | | | OUTSTANDING AT YEAR END | 173,415,423 | | 162,397,202 | | |
|
| Schedule of other reserves |
| | | | | | | | | | | | | | | | | | | | | | in € thousand | Other regulated reserves | Other comprehensive income | Treasury shares | Capital from Share-based compensation | Other revenue reserves | Total | | BALANCE AS AT JANUARY 1, 2025 | 52,820 | | (3,151) | | (645) | | 33,696 | | (9,517) | | 73,203 | | | Currency translation differences | — | | 520 | | — | | — | | — | | 520 | | | Defined benefit plan actuarial losses | — | | 68 | | — | | — | | — | | 68 | | | Share-based compensation expense | — | | — | | — | | 9,527 | | — | | 9,527 | | | | | | | | | | | | | | | | | BALANCE AS AT DECEMBER 31, 2025 | 52,820 | | (2,563) | | (645) | | 43,224 | | (9,517) | | 83,318 | |
| | | | | | | | | | | | | | | | | | | | | | in € thousand | Other regulated reserves | Other comprehensive income | Treasury shares | Capital from Share-based compensation | Other revenue reserves | Total | | BALANCE AS AT JANUARY 1, 2024 | 52,820 | | (1,871) | | (645) | | 24,301 | | (9,517) | | 65,088 | | | Currency translation differences | — | | (1,329) | | — | | — | | — | | (1,329) | | | Defined benefit plan actuarial gains | — | | 49 | | — | | — | | — | | 49 | | | Share-based compensation expense | — | | — | | — | | 9,395 | | — | | 9,395 | | | | | | | | | | | | | | | | | BALANCE AS AT DECEMBER 31, 2024 | 52,820 | | (3,151) | | (645) | | 33,696 | | (9,517) | | 73,203 | |
|