2025

2024

Notes

€ million

€ million

Consolidated loss/net income of the year

-615.2

342.3

Foreign exchange differences

-181.1

84.2

Net gain/ loss on cash flow hedges, net after tax

14

-140.1

94.4

Net gain/ loss on cost of hedging reserve - options, net after tax

14

-11.8

11.3

Net gain/ loss on cost of hedging reserve - forward contracts, net after tax

14

19.2

-16.3

Items that may be reclassified subsequently to profit or loss:

-313.8

173.7

Remeasurements of the net defined benefit liability, net after tax

15

1.9

-2.8

Neutral effects financial assets through other comprehensive income (FVOCI), net after tax

14

0.9

-2.8

Items that will not be reclassified subsequently to profit or loss

2.7

-5.5

Other comprehensive income

-311.1

168.1

Total comprehensive income

-926.3

510.5

Attributable to:

Non-controlling interests

29.7

61.3

Shareholders of PUMA SE

-956.0

449.2