彪马Puma SE（PUMG.DE）2025年年度财报「FWB」（英文版）（61页）.pdf

1、ANNUAL FINANCIAL STATEMENTS2025ARMAND MONDO“DUPLANTISPUMA Annual Financial Statements 2025ANNUAL FINANCIAL STATEMENTSPUMA SE,HERZOGENAURACH AS OF DECEMBER 31,2025-GERMAN COMMERCIAL LAW-Combined management report for the financial year 2025 1Balance sheet 2Income statement 4Notes 5Explanations to the

2、 balance sheet 10Explanations to the income statement 25Other disclosures 28Declaration of legal representatives 52Independent auditors report 53The following translation is based upon the German original submitted for translation into English.In the event of any conflict between the interpretation

3、of the German original version and the present English translation,the original German wording shall prevail over the wording of the English version.1 COMBINED MANAGEMENT REPORT FOR THE FINANCIAL YEAR 2025 Information as to the combined management report Pursuant to 315(3)HGB in conjunction with 298

4、(2)HGB the management report of PUMA SE and the management report of PUMA Group for the financial year 2025 were combined and disclosed in the Annual Report 2025.It is available online at https:/ annual financial statements and the combined management report of PUMA SE for the financial year 2025 wi

5、ll be submitted to the operator of the Federal Gazette,where they will be published.PUMA Annual Financial Statements 2025Combined management report2 BALANCE SHEET T.01 ASSETS OF PUMA SE(GERMAN GAAP)2025 2024 Notes million million A.Fixed Assets I.Intangible assets 1.Industrial property rights,create

6、d by the enterprise itself,andsimilar rights and assets 3 38.8 38.8 2.Protective rights acquired for a fee and similar rights and assetsas well as licenses to such rights and assets 3 79.8 67.2 3.Prepayments made3 2.7 2.9 121.3 108.9 II.Property,plant and equipment1.Land and buildings including buil