In EUR mn |
|
|
|
|
|
|
|
2025 |
2024 |
||||
|---|---|---|---|---|---|---|
|
Short-term |
Long-term |
Total |
Short-term |
Long-term |
Total |
Bonds |
1,050 |
5,703 |
6,753 |
850 |
5,720 |
6,570 |
Other interest-bearing debts |
101 |
0 |
101 |
353 |
717 |
1,070 |
Lease liabilities |
265 |
878 |
1,143 |
233 |
1,534 |
1,767 |
Trade payables |
2,633 |
– |
2,633 |
3,723 |
– |
3,723 |
Other financial liabilities |
827 |
210 |
1,037 |
1,047 |
238 |
1,284 |
Other liabilities |
1,003 |
54 |
1,058 |
1,507 |
92 |
1,600 |
Liabilities |
5,879 |
6,845 |
12,724 |
7,713 |
8,301 |
16,014 |
Other interest-bearing debts as of December 31, 2025, predominantly referred to bank loans.
Decrease in Liabilities was mainly related to the reclassification of Borealis disposal group to “held for sale.” For further details, please refer to Note 5 – Assets and Liabilities Held for Sale.
For further details on lease contracts, please refer to Note 17 – Property, Plant, and Equipment.
For further details on cash and non-cash effective changes in bonds, other interest-bearing debts, and lease liabilities, please refer to Note 27 – Consolidated Statement of Cash Flows.
Supplier Finance
Accounting Policy
OMV has entered into supplier finance arrangements with various finance providers. The Group has not derecognized the majority of original liabilities to which the arrangement applies because neither legal release was obtained nor was the original liability substantially modified while entering into the arrangement. The liabilities are shown within trade payables or other financial liabilities until payment. From OMV’s perspective, these arrangements do not significantly extend payment terms beyond the normal terms agreed with other suppliers that are not participating in the programs. Consequently, cash effects are included in the cash flow from operating activities.
OMV participates in several supplier finance programs under which its suppliers may elect to receive early payment of their invoice from a bank by factoring their receivable from the Group to the bank. Under these arrangements, the bank agrees to pay amounts to a supplier participating in the program in respect of invoices owed by the Group and receives settlement from OMV later. The principal purpose of these programs is to facilitate efficient payment processing and enable the consenting suppliers to sell their receivables due from OMV to a bank before their maturity.
Due to access to supplier finance facilities with multiple finance providers, there is no significant liquidity risk related to the supplier finance programs. OMV has agreements with more than one bank in place, reducing the concentration of liquidity risk. The carrying amount of liabilities in scope of supplier finance arrangements as of December 31, 2025, amounted to EUR 40 mn of trade liabilities and EUR 23 mn of other financial liabilities (2024: EUR 66 mn trade liabilities and EUR 24 mn other financial liabilities).
Bonds
In EUR mn |
|
|
|
|
|
|
|
2025 |
2024 |
|---|---|---|---|---|
Nominal |
Coupon |
Repayment |
Carrying amount |
Carrying amount |
EUR 500,000,000 |
0.00% fixed |
07/03/2025 |
– |
500 |
EUR 300,000,000 |
1.75% fixed |
12/10/2025 |
– |
305 |
EUR 1,000,000,000 |
1.00% fixed |
12/14/2026 |
999 |
998 |
EUR 750,000,000 |
3.50% fixed |
09/27/2027 |
755 |
754 |
EUR 500,000,000 |
2.00% fixed |
04/09/2028 |
507 |
506 |
EUR 500,000,000 |
1.875% fixed |
12/04/2028 |
500 |
500 |
EUR 750,000,000 |
0.75% fixed |
06/16/2030 |
750 |
750 |
EUR 500,000,000 |
3.25% fixed |
09/04/2031 |
502 |
501 |
EUR 750,000,000 |
2.375% fixed |
04/09/2032 |
760 |
759 |
EUR 500,000,000 |
3.125% fixed |
11/10/2033 |
495 |
– |
EUR 500,000,000 |
1.00% fixed |
07/03/2034 |
498 |
497 |
EUR 500,000,000 |
3.75% fixed |
09/04/2036 |
501 |
500 |
EUR 500,000,000 |
3.875% fixed |
11/12/2040 |
488 |
– |
International corporate bonds |
|
|
6,753 |
6,570 |
Bonds and Other Interest-Bearing Debts
In EUR mn |
|
|
|
2025 |
2024 |
|---|---|---|
Short-term loan financing |
1 |
6 |
Short-term component of long-term financing |
1,150 |
1,197 |
Total short-term |
1,151 |
1,203 |
Maturities of long-term financing |
|
|
2025 |
– |
1,197 |
2026 |
1,150 |
1,188 |
2027 |
748 |
875 |
2028 |
999 |
1,156 |
2029 |
– |
97 |
2030 |
747 |
– |
2031/2030 and subsequent years |
3,210 |
3,121 |
Total long-term |
6,854 |
7,634 |
In EUR mn |
|
|
|
|
|
||||
|
|
2025 |
2024 |
||||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Weighted average interest rate |
|
Weighted average interest rate |
||||
Bonds and other long-term interest-bearing debts1 |
|
|
|
|
|||||
Fixed rates |
EUR |
6,853 |
2.28% |
7,353 |
1.80% |
||||
USD |
– |
– |
240 |
4.19% |
|||||
Total |
|
6,853 |
2.28% |
7,592 |
1.87% |
||||
Variable rates2 |
EUR |
– |
– |
26 |
3.61% |
||||
USD |
– |
– |
16 |
6.57% |
|||||
Total |
|
– |
– |
42 |
4.68% |
||||
|
|
|
|
|
|
||||
Other short-term interest-bearing debts |
|
|
|
|
|||||
EUR |
|
1 |
0.05% |
– |
– |
||||
Other currencies |
|
– |
– |
6 |
4.08% |
||||
Total |
|
1 |
0.05% |
6 |
4.08% |
||||
|
|||||||||
Other Financial Liabilities
In EUR mn |
|
|
|
|
Short-term |
Long-term |
Total |
|---|---|---|---|
|
|
|
|
|
2025 |
||
Derivatives |
159 |
98 |
257 |
Other sundry financial liabilities |
667 |
112 |
780 |
Other financial liabilities |
827 |
210 |
1,037 |
|
|
|
|
|
2024 |
||
Derivatives |
302 |
100 |
403 |
Other sundry financial liabilities |
744 |
137 |
882 |
Other financial liabilities |
1,047 |
238 |
1,284 |
The table below summarizes the maturity profile of the Group’s financial liabilities based on contractual undiscounted cash flows:
In EUR mn |
|
|
|
|
|
≤1 year |
1–5 years |
>5 years |
Total |
|---|---|---|---|---|
|
|
|
|
|
|
2025 |
|||
Bonds |
1,154 |
2,959 |
3,675 |
7,788 |
Other interest-bearing debts |
101 |
– |
– |
101 |
Lease liabilities |
297 |
470 |
662 |
1,429 |
Trade payables |
2,633 |
– |
– |
2,633 |
Derivatives |
159 |
98 |
– |
257 |
Other sundry financial liabilities |
668 |
55 |
91 |
814 |
Financial liabilities (undiscounted cash flows) |
5,012 |
3,582 |
4,427 |
13,021 |
|
|
|
|
|
|
2024 |
|||
Bonds |
924 |
3,124 |
3,248 |
7,297 |
Other interest-bearing debts |
356 |
592 |
151 |
1,098 |
Lease liabilities |
277 |
662 |
1,234 |
2,173 |
Trade payables |
3,723 |
– |
– |
3,723 |
Derivatives |
315 |
102 |
– |
417 |
Other sundry financial liabilities |
744 |
82 |
89 |
916 |
Financial liabilities (undiscounted cash flows) |
6,339 |
4,562 |
4,722 |
15,623 |
Other Liabilities
In EUR mn |
|
|
|
|
Short-term |
Long-term |
Total |
|---|---|---|---|
|
|
|
|
|
2025 |
||
Other taxes and social security liabilities |
639 |
– |
639 |
Payments received in advance |
42 |
9 |
51 |
Contract liabilities |
120 |
40 |
159 |
Other sundry liabilities |
203 |
6 |
209 |
Other liabilities |
1,003 |
54 |
1,058 |
|
|
|
|
|
2024 |
||
Other taxes and social security liabilities |
934 |
– |
934 |
Payments received in advance |
136 |
32 |
168 |
Contract liabilities |
201 |
53 |
253 |
Other sundry liabilities |
237 |
7 |
245 |
Other liabilities |
1,507 |
92 |
1,600 |
The decrease in other taxes and social security liabilities was mainly impacted by the obligation related to CO2 emissions under the National Emissions Trading Act in Austria (NEHG) presented within Other provisions starting 2025, following updated legislation requirements that link the CO2 tax burden to the actual level of products’ fossil content.
The contract liabilities consisted mainly of non-refundable prepayments of storage fees received from Erdöl-Lagergesellschaft m.b.H., Lannach, on the basis of long-term service contracts, future product deliveries, sold vouchers, and cash received for customer loyalty programs from OMV’s retail business.