42. Significant events after the end of the reporting period
In February 2026, the Lenzing Group increased its existing interest (see note 21) in Swedish innovation company TreeToTextile AB (TTT) by 55.2 percent and thereby acquired a controlling majority. The agreed purchase price for the increase in interest on the acquisition date (translated at the closing rate of EUR/SEK 10.75095) amounted to EUR 24,184 thousand (of which EUR 22,334 thousand in cash and EUR 1,850 thousand as a non-cash contribution). A contingent consideration does not exist. TreeToTextile represents the next major technological advance in cellulose fiber production. The process offers a significantly improved sustainability profile, attractive cost benefits and broad applicability in textile and nonwoven markets. The transaction enables accelerated scaling of the new technology. Lenzing is planning a significant increase in production output at the existing demonstration plant in Nymölla, Sweden, and preparations for the first large-scale industrial plant. In addition, operational synergies are expected from closer collaboration.
Applying IFRS 3.B66, no further disclosures in accordance with IFRS 3.B64 are made for this acquisition in these financial statements, as the initial accounting for the business combination in accordance with IFRS 3.45 had not yet been completed at the time when the financial statements were prepared. The identification and measurement of the acquired intangible assets, in particular the acquired R&D projects and assets, require detailed technical analyses that were not yet fully available at this time. For this reason, the fair values of the identifiable acquired assets and liabilities cannot yet be reliably determined. The required disclosures will be made within the measurement period of up to 12 months from the date of acquisition, as permitted under IFRS 3.
The company is included in the consolidated financial statements of the Lenzing Group as a fully consolidated subsidiary from the date on which control is gained.
As of February 28, 2026, geopolitical tensions in the Middle East have tightened significantly. A large-scale US-Israeli attack on Iranian targets as well as extensive Iranian missile and drone attacks on Israel and several Gulf states have led to significant market reactions, in particular a rise in oil prices and disruptions to regional air and sea traffic. The potential impact of the Iran conflict on the Lenzing Group’s financial position and financial performance is currently being analyzed and cannot be estimated at this time.
Other than that, the Lenzing Group is not aware of any significant events occurring after the reporting date of December 31, 2025 which would have led to a different presentation of its financial position and financial performance.