Note 14. Inventories

Inventories recognized as an expense for the three months ended June 30, 2026 amounted to $149.0 million (2025: $133.2 million). Inventories recognized as an expense for the six months ended June 30, 2026 amounted to $290.8 million (2025: $260.8 million). The expenses were included in cost of goods sold.

Write-downs of inventories to net realizable value for the three months ended June 30, 2026 amounted to $1.6 million (2025: $0.8 million). Write-downs of inventories to net realizable value for the six months ended June 30, 2026 amounted to $2.3 million (2025: $4.4 million). The write-downs were recognized as an expense for each period and included in cost of goods sold.