v3.26.1
Consolidated Statements of Profit and Loss - EUR (€)
€ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Continuing Operations      
Net revenue € 7,524 € 7,212 € 6,592 [1]
Cost of sales (4,665) (4,418) (4,109) [1]
Gross Margin 2,859 2,794 2,483 [1]
Research and development (426) (384) (395) [1]
Selling, general and administration expenses (1,183) (1,255) (1,373) [1]
Operating Expenses (1,609) (1,639) (1,768) [1]
Other income 1   3 [1]
Profit of equity accounted investees with similar activity to that of the Group (8) 37 64 [1]
Operating Result 1,243 1,192 782 [1]
Finance income 34 44 62 [1]
Finance costs (625) (714) (597) [1]
Dividends 2 2  
Financial cost of sale of trade receivables (14) (31) (25) [1]
Change in fair value of financial instruments 33 20 1 [1]
Impairment of financial assets (3) (9)  
Exchange differences (55) (60) (16) [1]
Finance result (628) (748) (575) [1]
Profit/(loss) of other equity accounted investees [1]     (1)
Profit before income tax 615 444 206 [1]
Income tax expense (115) (231) (43) [1]
Consolidated net profit 500 213 163 [1]
Profit attributable to the Parent 402 157 42 [1]
Profit attributable to non-controlling interest € 98 € 56 € 121 [1]
Basic earnings per share (Euros) € 0.59 € 0.23 € 0.06 [1]
Diluted earnings per share (Euros) € 0.59 € 0.23 € 0.06 [1]
[1] (See Note 2.d)