37.RELATED PARTY DISCLOSURES SCHMID is a listed company with Christian Schmid and Anette Schmid as majority shareholders. Christian Schmid is also the CEO of the Company. Transactions with Key Management Key management personnel are defined as those persons who are responsible for SCHMID´s worldwide operating business, based on their function within SCHMID or the interests of SCHMID. The following individuals belong or belonged to SCHMID´s key management: | | | | | | | | | | Name | | Company | | Function & Member of key management
since/until | Christian Schmid | | SCHMID Group N.
V.Gebr. SCHMID GmbH | | Executive Director of SCHMID
Group N. V., CEO | Anette Schmid | | SCHMID Group N. V. | | Non-executive Director | Prof. Dr. Dr. h.c. Sir Ralf Speth | | SCHMID Group N. V. | | Non-executive Director, Chairman of the Board | Dr. Stefan Berger | | SCHMID Group N. V. | | Non-executive Director | Boo-Keun Yoon | | SCHMID Group N. V. | | Non-executive Director | Dr. Annedore Streyl | | SCHMID Group N. V. | | Non-executive Director since 27.12.2024 | Julia Natterer | | SCHMID Group N. V.Gebr.
SCHMID GmbH | | CFO (Chief Financial Officer)
(SCHMID Group N. V.: until 31.12.2025) | Roland Rettenmeier | | Gebr. SCHMID GmbH | | CSO (Chief Sales Officer) since 01.03.2025 | Helmut Rauch | | Gebr. SCHMID GmbH | | COO (Chief Operational Officer) | Dian Zhang | | Gebr. SCHMID GmbH | | CTO (Chief Technology Officer) | Thomas Widmann | | Gebr. SCHMID GmbH | | CIO (Chief Innovation Officer) |
The annual remuneration and related compensation costs recognized as expense during the reporting period only includes short-term employee benefits and amounts to €1,906 thousand in 2025 (2024: €1,428 thousand, 2023: €1,562 thousand). Short-term benefits include salaries, bonus, and other benefits such as medical, death and disability coverage, Company car and other usual facilities as applicable. The outstanding balances also include the liability in connection with the defined benefit obligation. Transactions with related parties In addition to the entities included in the consolidated financial statements and the at equity investments (see note 2. Basis of Presentation), SCHMID maintains relationships with other related parties. Related parties comprise the following entities (not individuals): | | | | | | Company | | Relationship | SCHMID Avaco Korea, Co. Ltd. (SAK) | | Equity method investee | SCHMID Energy Systems GmbH | | Equity method investee | Schmid Verwaltungs GmbH | | Controlled by Christian Schmid | C. Schmid Beteiligungsverwaltung GmbH | | Controlled by Christian Schmid | C. Schmid Beteiligung GmbH & Co. KG | | Controlled by Christian Schmid | Schmid Aequitas Verwaltung GmbH | | Controlled by Anette Schmid | Schmid Aequitas GmbH & Co. KG | | Controlled by Anette Schmid | Schmid Grundstücksverwaltung GmbH | | Jointly controlled by Christian and Anette Schmid | SCHMID Grundstücke GmbH & Co. KG | | Jointly controlled by Christian and Anette Schmid |
The following transactions are proceeded with related parties. | | | | | | | | | | | | | | in € thousand | | 2025 | | 2024 | | 2023 | Interest income on loans granted to | | | | | | | Shareholder | | — | | 4 | | 1,077 | | | | | | | | Interest expense on loans received from | | | | | | | Key management personnel | | — | | 3 | | 12 | Other related parties | | 638 | | 510 | | 558 | Shareholder | | 877 | | 916 | | 737 | | | | | | | | Purchases of goods or services | | | | | | | Equity method investees | | 2,438 | | — | | 3 | Other related parties | | 4,552 | | 1,663 | | 236 | | | | | | | | Sale of goods or services | | | | | | | Equity method investees | | 332 | | — | | 427 | Other related parties | | 134 | | 31 | | 11,801 | | | | | | | | Salary and Bonus | | | | | | | Shareholder | | 933 | | 1,055 | | 1,149 | Key management personnel | | 1,906 | | 1,428 | | 1,562 |
| | | | | | | | | | in € thousand | | 12/31/2025 | | 12/31/2024 | Outstanding balances - Liabilities | | | | | Shareholder | | 25,611 | | 29,486 | Equity method investees | | 2,663 | | 358 | Other related parties | | 26,609 | | 16,973 |
Liabilities to other related parties include financial liabilities related to the Black Forest term loan. For further information, please see note 29. Non-current and current financial liabilities. | | | | | | | | | | in € thousand | | 12/31/2025 | | 12/31/2024 | Outstanding balances - Receivables | | | | | Equity method investees | | 4,261 | | 4,068 | Other related parties | | 1,445 | | 1,286 |
The significant increase in Sale of goods or services as well as in Outstanding balances - Liabilities in 2023 are mainly due to the sale and leaseback transaction (for further information please see note 21. Leases).
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