Earnings per Share

12 Months Ended

Dec. 31, 2025

Basic earnings per share (EPS) is calculated by dividing the profit for the year attributable to ordinary equity

holders of the parent by the weighted average number of ordinary shares outstanding during the year.

Diluted EPS is calculated by dividing the profit attributable to ordinary equity holders of the parent by the

weighted average number of ordinary shares outstanding during the year, plus the weighted average number of

ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary

shares.

The following table reflects the income and share data used in the basic and diluted EPS calculations:



	Years ended December 31,

(in millions €, except per share data)	2025	2024	2023
Profit attributable to ordinary equity holders of the parent for basic earnings	(1,136.1)	(665.3)	930.3
Weighted average number of ordinary shares outstanding for basic EPS	241.7	240.4	240.6
Effects of dilution from share options	—	—	2.1
Weighted average number of ordinary shares outstanding adjusted for the effect of dilution	241.7	240.4	242.7
Earnings / (Loss) per share
Basic earnings / (loss) per share	(4.70)	(2.77)	3.87
Diluted earnings / (loss) per share	(4.70)	(2.77)	3.83