On-balance financial instruments and fair value

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On-balance financial instruments and fair value

The fair value of financial instruments included in the balance sheet, such as financial fixed assets, cash at bank and in hand, receivables, and current and long-term liabilities, is virtually identical to their carrying value.

Off-balance financial instruments and fair value

As at 31 December 2025, the (nominal) amount of the forward exchange contracts at the forward rates was EUR 157 million (EUR 62 million).

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