VIII. Fair Value of Financial Instruments

Financial assets and liabilities (financial instruments) are grouped into classes in accordance with IFRS 7. The classification of the financial instruments included in the individual balance sheet line items in this interim report is consistent with that presented in the Annual Report 2025, VI. Further Disclosures on Financial Instruments in Accordance with IFRS 7.

In accordance with IFRS 13, measurements are assigned to the following three levels of the fair value hierarchy based on the inputs used:

• Level 1: Measurement based on quoted, unadjusted prices in active markets for identical assets or liabilities

• Level 2: Measurement based on observable inputs other than quoted prices included in Level 1, either directly or indirectly

• Level 3: Measurement based on models using unobservable inputs

The following table presents the carrying amounts and fair values of the financial instruments by IFRS 7 class, together with their IFRS 13 fair value hierarchy level and IFRS 9 measurement category.

During the reporting period, there were no transfers between Level 1 and Level 2 fair value measurements, and no transfers into or out of Level 3 fair value measurements.

The liabilities arising from acquisitions are contingent purchase price payments (earn-outs) for completed acquisitions. There were no significant changes to the valuation methodology or sensitivities during the reporting period.

The following table shows the development of liabilities arising from acquisitions:

The €351 thousand recognised as a financial expense relates entirely to future payments recognised as liabilities as of 30 June 2026.