Consolidated statement of changes in equity

Equity attributable to shareholders and other providers of equity

€ million

Note

Share capital

Share premium

Subordinated perpetual bond loan

Hedge reserve

Other reserves

Profit for the year

Total

As at 1 January 2024

684

671

495

5

2,627

267

4,749

Profit after tax for 2024

-

-

-

-

-

976

976

Result interest rate swap

-

-

-

-1

-

-

-1

Comprehensive income for 2024

-

-

-

-1

-

976

975

Issue subordinated perpetual bond loan

-

-

495

-

-1

-

494

Reimbursement subordinated perpetual bond loan after tax

-

-

-

-

-6

-

-6

Dividend for 2023

-

-

-

-

-53

-120

-173

Profit appropriation for 2023

-

-

-

-

147

-147

-

Other movements

-

-

-

-

-1

-

-1

Total movements

-

-

495

-1

86

709

1,289

As at 31 December 2024

684

671

990

4

2,713

976

6,038

Profit after tax for 2025

-

-

-

-

-

289

289

Result interest rate swap

-

-

-

-2

-

-

-2

Comprehensive income for 2025

-

-

-

-2

-

289

287

Redemption subordinated perpetual bond loan

-

-

-495

-

-5

-

-500

Issue subordinated perpetual bond loan

-

-

496

-

-

-

496

Reimbursement subordinated perpetual bond loan after tax

12

-

-

-

-

-23

-

-23

Dividend for 2024

-

-

-

-

-

-96

-96

Profit appropriation for 2024

-

-

-

-

880

-880

-

Other movements

-

-

-

-

1

-

1

Total movements

-

-

1

-2

853

-687

165

As at 31 December 2025

684

671

991

2

3,566

289

6,203