(44) Other financial obligations
Other financial obligations comprised the following:
€ million |
|
Dec. 31, 2025 |
|
Dec. 31, 2024 |
|---|---|---|---|---|
Acquisition of intangible assets |
|
916 |
|
745 |
Acquisition of property, plant and equipment |
|
301 |
|
325 |
Other financial obligations |
|
1,217 |
|
1,071 |
Obligations to acquire intangible assets related to contingent considerations in connection with in-licensing agreements in particular. In these agreements, the Group has entered into an obligation to make milestone payments once specific targets have been reached. In the unlikely event that all of the milestones are achieved, the Group would be obligated to pay up to € 916 million (December 31, 2024: € 745 million) for the acquisition of intangible assets. The table above does not contain any other financial obligations from possible future sales-based royalties and milestone payments.
The expected maturities of the obligations to acquire intangible assets were as follows:
€ million |
|
Dec. 31, 2025 |
|
Dec. 31, 2024 |
|---|---|---|---|---|
Within 1 year |
|
50 |
|
38 |
In 1 – 5 years |
|
404 |
|
349 |
After more than 5 years |
|
462 |
|
359 |
Obligations to acquire intangible assets |
|
916 |
|
745 |
Another component of other financial obligations related to the planned acquisition of the chromatography business of JSR Corporation, Japan, (JSR). This resulted in payment obligations amounting to a low triple-digit million euro amount. Both the final purchase price and its allocation to the individually acquired intangible assets and property, plant and equipment are yet to be finalized. Subject to regulatory clearances and other customary transaction closing conditions, the transaction is expected to close in the first half of 2026.
Other financial obligations were recognized at nominal value.