Statement of Changes in Equity

for the financial year ended 31 December 2025

	Notes	Share capital and share premium €’000	Capital contribution €’000	Retained earnings €’000	Total €’000
At 1 January 2024		(324,000)	(3,972,067)	(1,282,621)	(5,578,688)

Profit for the year		-	-	(278,605)	(278,605)
Other comprehensive income for the year		-	-	(6,946)	(6,946)
Total comprehensive income for the year		-	-	(285,551)	(285,551)

Cash capital contribution	24	-	(571,704)	-	(571,704)

At 31 December 2024		(324,000)	(4,543,771)	(1,568,172)	(6,435,943)

Profit for the year		-	-	(345,083)	(345,083)
Other comprehensive income for the year		-	-	(15,214)	(15,214)
Total comprehensive income for the year		-	-	(360,297)	(360,297)

Cash capital contribution	24	-	(801,000)	-	(801,000)

At 31 December 2025		(324,000)	(5,344,771)	(1,928,469)	(7,597,240)