

		Development		Patents and
in € thousand		Costs		licenses	Total
Costs of acquisition
1/1/2025		29,597		1,540	31,137
Additions		4,869		1	4,870
Foreign exchange differences		(23)		(94)	(117)
12/31/2025		34,444		1,447	35,891
Accumulated amortization/write downs
1/1/2025		(15,243)		(952)	(16,196)
Amortization		(2,328)		(216)	(2,544)
Foreign exchange differences		23		87	110
12/31/2025		(17,548)		(1,081)	(18,629)
Carrying amount:
1/1/2025		14,354		588	14,941
12/31/2025		16,895		366	17,262



		Development		Patents and
in € thousand		Costs		licenses		Total
Costs of acquisition
1/1/2024		25,729		1,372		27,102
Additions		3,878		129		4,008
Disposals/Retirements		(1)		—		(1)
Foreign exchange differences		(10)		38		28
12/31/2024		29,597		1,540		31,137
Accumulated amortization/write downs
1/1/2024		(11,452)		(684)		(12,136)
Amortization		(3,801)		(364)		(4,166)
Disposals/Retirements		—		131		131
Foreign exchange differences		10		(36)		(26)
12/31/2024		(15,243)		(952)		(16,196)
Carrying amount:
1/1/2024		14,278		689		14,966
12/31/2024		14,354		588		14,941

Development costs represent internally generated intangible assets related to process and manufacturing technologies for various industries such as printed circuit board (“PCB”), substrate manufacturing, photovoltaics, and glass and energy storage, wet processes (horizontal, vertical and single panel) and vacuum processes. Patents and licenses include software licenses, licenses for the use of know-how and acquired patents.

At each balance sheet date SCHMID performs an impairment test on development costs that are capitalized but not yet ready for use. The impairment test is performed on a Cash Generating Unit (“CGU”) level. The recoverable amount of the CGU that includes these development costs (the entity using those technologies) was estimated based on the present value of the future cash flows expected to be derived from the CGU (fair value less cost to sell), using a pre-tax discount rate of 11.42% (December 31, 2024: 12.59%). The recoverable amount of the CGU was estimated to be higher than its carrying amount and no impairment was required. In the event of a change in the key assumptions in the single-digit percentage range, sufficient headroom remains.