Notes on the Consolidated Statement of Financial Position
In the first half of the business year 2026/27, investments in property, plant and equipment and other intangible assets of EUR 526.9 million exceeded depreciation totaling EUR 376.3 million. This was the main reason for the increase in non-current assets from EUR 8,377.6 million to EUR 8,541.8 million.
On April 10, 2019, voestalpine AG issued a fixed interest bond of EUR 500.0 million. The repayment of the bond in April 2026 was the main reason for the decline in both cash and cash equivalents and current financial liabilities.
The decrease in other assets and other provisions compared to the balance sheet date is largely due to the required surrender of emission certificates by September 30 of each calendar year for the greenhouse gas emissions of the previous calendar year.
As of September 30, 2026, voestalpine AG’s share capital is EUR 324,391,840.99 (March 31, 2026: EUR 324,391,840.99) and is divided into 178,549,163 shares (March 31, 2026: 178,549,163). The company held 7,098,547 of its treasury shares as of the reporting date (March 31, 2026: 7,098,547).
Due primarily to actuarial gains and currency translation effects, profit after tax of EUR 290.2 million increased to total comprehensive income of EUR 371.8 million. The Annual General Meeting on July 1, 2026, approved a dividend of EUR 0.75 per share for the business year 2025/26. Accordingly, voestalpine AG distributed dividends of EUR 128.6 million to its shareholders in the current business year. A dividend of EUR 10.1 million was distributed to non-controlling interests. As total comprehensive income exceeds the dividend distributions, equity increased to EUR 8,030.0 million (March 31, 2026: 7,800.6).
In the current business year, the adjustment of the discount rate from 3.9% as of March 31, 2026, to 4.8% as of September 30, 2026, in particular, resulted in a decrease in the provisions for pension and severance obligations and consequently in actuarial gains of EUR 81.4 million before tax or EUR 62.7 million after deferred taxes recognized in other comprehensive income. An increase or decrease in the discount rate by 1 percentage point would result in a decrease of EUR 77.1 million or an increase of EUR 91.4 million in the defined-benefit obligation arising from pension and severance obligations. The adjustment in the discount rate primarily resulted in a reduction of EUR 14.2 million before tax and EUR 10.9 million after deferred taxes in the long-service bonus provision recognized in profit or loss.
On April 22, 2026, voestalpine AG issued a tap issuance in the amount of EUR 35.0 million under the convertible bond due in April 2028, together forming a single issue. The tap issuance was issued at 118.0999% of its nominal value and is convertible into up to 864,466 shares based on the conversion price at the time of issuance. The terms of the issue correspond (with the exception of, among others, the issue date and the issue price) to the convertible bond issued in 2023. The equity component of the additional tranche amounts to EUR 6.6 million.