8. Other income and expenses
Other income and expenses relate to activities and transactions that are outside the Group’s principal revenue-generating activities. Foreign currency exchange gains and losses as well as fair value changes on commodity and foreign currency derivatives entered into as part of the operating business are also presented as other income and expenses. Activities and transactions of a significant or unusual nature are generally excluded in the calculation of the performance measures adjusted EBITDA, adjusted EBIT and adjusted net income used by management (see note 9).
Composition of other income and expenses
(In € million) |
|
Year ended |
|
Year ended |
|---|---|---|---|---|
Net change in fair value of operating derivatives |
|
– |
|
9.6 |
Change in fair value of contingent consideration |
|
3.4 |
|
52.8 |
Gain on sale of property, plant and equipment and other assets |
|
5.0 |
|
1.6 |
Income from miscellaneous services, including rental income |
|
2.9 |
|
3.1 |
Other |
|
5.0 |
|
9.8 |
Total other income |
|
16.3 |
|
76.9 |
Net foreign currency exchange loss |
|
(10.4) |
|
(2.9) |
Net change in fair value of operating derivatives |
|
(5.9) |
|
– |
Transaction- and acquisition-related costs |
|
(3.2) |
|
(3.4) |
Other |
|
(16.7) |
|
(4.6) |
Total other expenses |
|
(36.2) |
|
(10.9) |
The Group recognized an unrealized net loss on commodity and foreign currency derivatives of €5.9 million for the year ended December 31, 2025 (an unrealized net gain of 9.6 million for the year ended December 31, 2024). This arose primarily because the Group entered into commodity derivative contracts fixing prices for polymers at levels above the current forward prices (below the current forward prices for polymers for the year ended December 31, 2024).
The “Other income” category includes governmental subsidies and, for the year ended December 31, 2024, also insurance claims.
See note 9 for information about the change in the fair value of the contingent consideration, the gain on sale of property, plant and equipment and other assets, and the “Other expense” category for the year ended December 31, 2025. These items are excluded in the calculation of adjusted EBITDA, adjusted EBIT and adjusted net income.