31/12/2025

31/12/2024

Notes

€ million

€ million

Assets

Cash and cash equivalents

3

290.0

368.2

Inventories

4

2,060.0

2,013.7

Trade receivables

5

913.4

1,246.5

Income tax receivables

22

103.4

87.6

Other current financial assets

6

85.8

328.3

Other current assets

7

317.7

260.9

Current assets

3,770.3

4,305.2

Deferred tax assets

8

211.0

243.6

Property, plant and equipment

9

712.3

765.7

Right-of-use assets

10

1,103.8

1,116.8

Intangible assets

11

547.2

585.8

Other non-current financial assets

12

60.2

95.4

Other non-current assets

12

49.7

28.1

Non-current assets

2,684.3

2,835.4

Total assets

6,454.6

7,140.6

31/12/2025

31/12/2024

Notes

€ million

€ million

Liabilities and equity

Current borrowings

13

929.3

131.6

Trade payables

13

1,271.4

1,893.5

Income tax liabilities

22

54.5

69.1

Current lease liabilities

10

217.6

220.6

Other current provisions

16

56.5

39.0

Other current financial liabilities

13

144.1

47.1

Other current liabilities

13

523.4

470.0

Current liabilities

3,196.8

2,870.9

Non-current borrowings

13

424.2

356.4

Non-current lease liabilities

10

1,011.2

1,010.0

Deferred tax liabilities

8

5.2

14.2

Pension provisions

15

25.6

27.3

Other non-current provisions

16

26.4

29.3

Other non-current financial liabilities

13

3.7

2.9

Other non-current liabilities

13

0.6

1.1

Non-current liabilities

1,496.9

1,441.0

Subscribed capital

17

148.0

149.7

Capital reserve

17

97.7

94.8

Other reserves

17

1,532.8

2,602.5

Treasury shares

17

-17.6

-19.3

Equity attributable to the shareholders of PUMA SE

1,760.9

2,827.7

Non-controlling interests

17, 29

0.0

0.9

Total equity

1,760.9

2,828.6

Total liabilities and equity

6,454.6

7,140.6