In EUR mn |
|
|
|
2025 |
2024 |
|---|---|---|
Foreign exchange losses from operating activities |
129 |
117 |
Losses from the disposals of businesses, subsidiaries, and tangible and intangible assets |
12 |
4 |
Net impairment losses on financial assets measured at amortized cost |
291 |
18 |
Personnel reduction schemes |
42 |
11 |
Research and development expenses |
84 |
78 |
Residual other operating expenses |
153 |
125 |
Other operating expenses |
711 |
354 |
Foreign exchange losses from operating activities were mainly impacted by the development of the USD foreign exchange rate in 2025 and 2024.
Net impairment losses on financial assets measured at amortized cost in 2025 were impacted by an impairment of other financial assets of EUR 297 mn related to abandonment obligations foreseen to be incurred by OMV Petrom at its own costs, further information is included in Note 20 – Financial Assets. The 2024 figure was mainly related to impairments of receivables in Tunisia amounting to EUR 17 mn.
Residual other operating expenses contained expenses relating to various digitalization initiatives amounting to EUR 17 mn (2024: EUR 12 mn), as well as expenses related to the minimum stockholding obligation outsourced to Erdöl-Lagergesellschaft m.b.H. in the amount of EUR 55 mn (2024: EUR 56 mn). In addition, this position included 0.5% tax on turnover applicable to oil and gas companies in Romania in the amount of EUR 40 mn (2024: EUR 43 mn).