F-cap 1

ANNUAL ACCOUNTS AND OTHER DOCUMENTS TO BE FILED IN ACCORDANCE WITH THE BELGIAN COMPANIES AND ASSOCIATIONS CODE

IDENTIFICATION DETAILS (at the filing date)

NAME: UMICORE NV

Legal form ¹: Public limited company

Address: BROEKSTRAAT

N°. 31, box .

Postal code: 1000

Town: Brussels

Country: Belgium

Website ²: www.umicore.com

E-mail address ²:

Company registration number

0401.574.852

DATE 06-05-2022 of filing the most recent document mentioning the date of publication of the deed of incorporation and of the deed of amendment of the articles of association.

This filing concerns ³:

☑ the ANNUAL ACCOUNTS in EURO (2 decimals) ⁴

approved by the general meeting of 30-04-2026

☑ the OTHER DOCUMENTS

regarding

the financial year covering the period from 01-01-2025 to 31-12-2025

the preceding period of the annual accounts from 01-01-2024 to 31-12-2024

The amounts for the preceding period are / are not ⁵ identical to the ones previously published.

Total number of pages filed: 58

Numbers of the sections of the standard model form not filed

because they serve no useful purpose: 2.2, 6.5.2, 6.18.2, 7, 8, 9, 11, 12, 13, 14, 15

Signature

(name and position)

WANNES PEFEROEN

CHIEF FINANCIAL OFFICER

Signature

(name and position)

BART SAP

CHIEF EXECUTIVE OFFICER

Where appropriate, “in liquidation” is stated after the legal form.
Optional mention.
Tick the appropriate box(es).
If necessary, change to currency in which the amounts are expressed.
Strike out what does not apply.

1/58

N°. 0401.574.852
F-cap 2.1

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS AND DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS

COMPLETE LIST with surname, first names, profession, place of residence (address, number, postal code and town) and position within the company

LEYSEN THOMAS
ROSIER 21, 2000 Antwerp, Belgium
Mandate: Chairman of the board of directors, start: 25-04-2024, end: 29-04-2027

BEHRENDT BIRGIT
AMSELSTRASSE 2, 50858 KOLN, Germany
Mandate: Director, start: 25-04-2024, end: 29-04-2027

CHOMBAR FRANCOISE
BOEKTLAAN 14, 3550 Heusden-Zolder, Belgium
Mandate: Director, start: 24-04-2025, end: 30-04-2026

DE BACKERE KOENRAAD
ALFONS STESSELSTRAAT 8, 3012 Wilsele, Belgium
Mandate: Director, start: 25-04-2024, end: 29-04-2027

GARRETT MARK
BUNDTENWEG 76, 4102 BINNINGEN, Switzerland
Mandate: Director, start: 25-04-2024, end: 24-04-2025

GRYNBERG MARC
AVENUE DE L'AVOCAT 5, 1410 Waterloo, Belgium
Mandate: Director, start: 27-04-2023, end: 30-04-2026

EYCKERMAN PHILIP
VERBRANDE BRUGSESTEENWEG 145, 1850 Grimbergen, Belgium
Mandate: Director, start: 01-11-2024, end: 29-04-2027

OUDEA FREDERIC
Rue de Grenelle 140, 75007 PARIS, France
Mandate: Director, start: 25-04-2024, end: 29-04-2027

RAETS LAURENT
KWAENIJKSTRAAT 38, 3191 Hever, Belgium
Mandate: Director, start: 28-04-2022, end: 24-04-2025

HENWOOD ALISON
Stradella Road, Herne Hill 85, SE249HL LONDON, United Kingdom
Mandate: Director, start: 24-04-2025, end: 27-04-2028

2/58

Nr. 0401.574.852

F-cap 2.1

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS (continued from previous page)

BREDAEL MICHAEL

Linkebeeksedreef 51, 1640 Rhode-Saint-Genèse, Belgium

Mandate: Director, start: 24-04-2025, end: 27-04-2028

MERZ MARTINA

Fraasstrasse 28, 70184 Stuttgart, Germany

Mandate: Director, start: 24-04-2025, end: 27-04-2028

EY Bedrijfsrevisoren BV 0446.334.711

KOUTERVELDSTRAAT 7B, box 001, 1831 Diegem, Belgium

Membership number: B00160

Mandate: Auditor, start: 25-04-2024, end: 29-04-2027

Represented by:

1 VAN DOOREN MARNIX

KOUTERVELDSTRAAT 7B, box 001 1831 Diegem Belgium

., Membership number : A01753

Represented by:

2 NAESSENS EEF

KOUTERVELDSTRAAT 7B, box 001 1831 Diegem Belgium

, Membership number : A02481

3/58

N°. 0401.574.852

F-cap 3.1

ANNUAL ACCOUNTS

BALANCE SHEET AFTER APPROPRIATION

	Notes	Codes	Period	Preceding period
ASSETS
FORMATION EXPENSES	6.1	20	0,00	1.141.268,40
FIXED ASSETS		21/28	4.497.972.113,73	4.481.755.338,28
Intangible fixed assets	6.2	21	116.415.392,90	169.590.744,56
Tangible fixed assets	6.3	22/27	484.855.263,32	496.149.939,28
Land and buildings		22	168.177.627,22	177.796.799,42
Plant, machinery and equipment		23	212.680.986,40	222.743.558,53
Furniture and vehicles		24	12.066.445,80	14.346.322,66
Leasing and other similar rights		25	1.746.250,00	1.911.250,00
Other tangible fixed assets		26	12.825.408,89	13.177.503,18
Assets under construction and advance payments		27	77.358.545,01	66.174.505,49
	6.4 / 6.5.1	28	3.896.701.457,51	3.816.014.654,44
Financial fixed assets		280/1	3.871.450.922,32	3.787.958.257,74
Affiliated Companies	6.15	280	3.871.450.922,32	3.787.958.257,74
Participating interests		281
Amounts receivable		282/3	103.975,84	128.765,19
Other companies linked by participating interests	6.15	282	103.975,84	128.765,19
Participating interests		283
Amounts receivable		284/8	25.146.559,35	27.927.631,51
Other financial fixed assets		284	25.130.659,35	27.905.415,38
Shares		285/8	15.900,00	22.216,13
Amounts receivable and cash guarantees

N°. 0401.574.852

F-cap 3.1

	Notes	Codes	Period	Preceding period
CURRENT ASSETS
Amounts receivable after more than one year		29/58	1.763.141.813,79	2.199.330.855,11
Trade debtors		29	48.802.253,97	298.768.575,68
Other amounts receivable		290
Stocks and contracts in progress		291	48.802.253,97	298.768.575,68
Stocks		3	628.275.101,66	528.896.029,07
Raw materials and consumables		30/36	626.005.654,63	528.896.029,07
Work in progress		30/31	319.011.266,31	229.753.282,75
Finished goods		32	112.546.074,61	39.431.069,44
Goods purchased for resale		33	193.935.310,30	258.276.035,31
Immovable property intended for sale		34
Advance payments		35
Contracts in progress		36	513.003,41	1.435.641,57
		37	2.269.447,03
Amounts receivable within one year		40/41	881.214.890,97	791.957.191,21
Trade debtors		40	442.673.225,01	309.849.251,97
Other amounts receivable		41	438.541.665,96	482.107.939,24
Current investments	6.5.1 / 6.6	50/53	124.705.446,62	394.803.662,17
Own shares		50	104.501.542,50	58.922.311,03
Other investments		51/53	20.203.904,12	335.881.351,14
Cash at bank and in hand		54/58	8.887.177,85	55.848.756,61
Accruals and deferred income	6.6	490/1	71.256.942,72	129.056.640,37
TOTAL ASSETS		20/58	6.261.113.927,52	6.682.227.461,79

N°. 0401.574.852

F-cap 3.2

	Notes	Codes	Period	Preceding period
EQUITY AND LIABILITIES
EQUITY		10/15	2.105.028.427,12	2.122.105.909,70
Contributions	6.7.1	10/11	1.398.129.765,90	1.398.129.765,90
Capital		10	550.000.000,00	550.000.000,00
Issued capital		100	550.000.000,00	550.000.000,00
Uncalled capital 6		101
Beyond capital		11	848.129.765,90	848.129.765,90
Share premium account		1100/10	848.129.765,90	848.129.765,90
Other		1109/19
Revaluation surpluses		12	90.952,00	90.952,00
Reserves		13	309.655.409,85	264.076.178,38
Reserves not available		130/1	159.501.542,50	113.922.311,03
Legal reserve		130	55.000.000,00	55.000.000,00
Reserves not available statutorily		1311
Purchase of own shares		1312	104.501.542,50	58.922.311,03
Financial support		1313
Other		1319
Untaxed reserves		132	150.153.867,35	150.153.867,35
Available reserves		133
Accumulated profits (losses)	(+)/(-)	14	395.565.289,53	457.056.045,60
Capital subsidies		15	1.587.009,84	2.752.967,82
Advance to shareholders on the distribution of net assets 7		19
PROVISIONS AND DEFERRED TAXES		16	216.744.688,67	242.580.570,94
Provisions for liabilities and charges		160/5	216.744.688,67	242.580.570,94
Pensions and similar obligations		160	21.678.484,71	31.044.301,17
Taxes		161
Major repairs and maintenance		162	3.087.718,71	3.309.810,77
Environmental obligations		163	120.619.570,29	120.087.803,48
Other liabilities and charges	6.8	164/5	71.358.914,96	88.138.655,52
Deferred taxes		168

6 Amount to be deducted from the issued capital.
7 Amount to be deducted from the other components of equity.

N°. 0401.574.852

F-cap 3.2

	Codes	Period	Preceding period
AMOUNTS PAYABLE	17/49	3.939.340.811,73	4.317.540.981,15
Amounts payable after more than one year	17	2.187.836.648,03	2.413.467.879,77
Financial debts	170/4	2.137.836.638,03	2.261.467.859,77
Subordinated loans	170
Unsubordinated debentures	171
Leasing and other similar obligations	172	1.985.574,17	2.143.093,23
Credit institutions	173	2.135.851.063,86	2.259.324.766,54
Other loans	174
Trade debts	175	50.000.010,00	152.000.020,00
Suppliers	1750	50.000.010,00	152.000.020,00
Bills of exchange payable	1751
Advance payments on contracts in progress	176
Other amounts payable	178/9
Amounts payable within one year	42/48	1.272.608.896,36	1.681.417.563,55
Current portion of amounts payable after more than one year falling due within one year	42	50.000.000,00	500.000.000,00
Financial debts	43	156.064.605,56
Credit institutions	430/8
Other loans	439	156.064.605,56
Trade debts	44	778.127.253,67	715.577.356,80
Suppliers	440/4	774.546.990,08	706.166.189,73
Bills of exchange payable	441	3.580.263,59	9.411.167,07
Advance payments on contracts in progress	46	1.579.667,84
Taxes, remuneration and social security	45	95.199.967,47	114.143.154,91
Taxes	450/3	10.525.383,10	26.471.994,94
Remuneration and social security	454/9	84.674.584,37	87.671.159,97
Other amounts payable	47/48	191.637.401,82	351.697.051,84
Accruals and deferred income	492/3	478.895.267,34	222.655.537,83
TOTAL LIABILITIES	10/49	6.261.113.927,52	6.682.227.461,79

6 Amount to be deducted from the issued capital.

7 Amount to be deducted from the other components of equity.

N°. 0401.574.852

F-cap 4

PROFIT AND LOSS ACCOUNT

	Notes	Codes	Period	Preceding period
Operating income		70/76A	5.909.489.771,76	4.138.200.728,27
Turnover	6.10	70	5.428.389.984,15	3.757.623.410,22
Stocks of finished goods and work and contracts in progress: increase (decrease)	(+)/(-)	71	-34.913.890,39	32.607.124,02
Produced fixed assets		72	80.150.839,38	124.034.344,10
Other operating income	6.10	74	268.503.260,52	223.924.479,57
Non-recurring operating income	6.12	76A	167.359.578,10	11.370,36
Operating charges		60/66A	5.856.174.229,05	4.434.042.585,86
Goods for resale, raw materials and consumables		60	4.853.560.624,69	3.071.140.914,00
Purchases		600/8	5.075.562.283,48	3.077.650.041,84
Stocks: decrease (increase)	(+)/(-)	609	-222.001.658,79	-6.509.127,84
Services and other goods		61	440.987.025,82	465.681.303,68
Remuneration, social security and pensions	(+)/(-) 6.10	62	406.574.222,46	404.315.951,58
Amortisations of and other amounts written down on formation expenses, intangible and tangible fixed assets		630	139.802.351,80	156.438.873,78
Amounts written down on stocks, contracts in progress and trade debtors: additions (write-backs)	(+)/(-) 6.10	631/4	-519.123,89	3.750.595,97
Provisions for liabilities and charges: appropriations (uses and write-backs)	(+)/(-) 6.10	635/8	-35.865.369,66	-17.011.464,52
Other operating charges	6.10	640/8	28.932.155,04	35.527.726,82
Operating charges reported as assets under restructuring costs	(-)	649
Non-recurring operating charges	6.12	66A	22.702.342,79	314.198.684,55
Operating profit (loss)	(+)/(-)	9901	53.315.542,71	-295.841.857,59

N°. 0401.574.852

F-cap 4

	Notes	Codes	Period	Preceding period
Financial income		75/76B	841.310.164,29	687.602.034,31
Recurring financial income		75	781.902.163,73	687.598.960,35
Income from financial fixed assets		750	638.960.831,05	537.102.002,45
Income from current assets		751	67.900.879,07	92.971.144,67
Other financial income	6.11	752/9	75.040.453,61	57.525.813,23
Non-recurring financial income	6.12	76B	59.408.000,56	3.073,96
Financial charges	6.11	65/66B	792.519.191,16	621.718.959,01
Recurring financial charges		65	286.989.415,56	192.309.781,18
Debt charges		650	158.184.369,75	148.286.965,73
Amounts written down on current assets other than stocks, contracts in progress and trade debtors: additions (write-backs)	(+)/(-)	651	-377.639,68
Other financial charges		652/9	129.182.685,49	44.022.815,45
Non-recurring financial charges	6.12	66B	505.529.775,60	429.409.177,83
Profit (Loss) for the period before taxes	(+)/(-)	9903	102.106.515,84	-229.958.782,29
Transfer from deferred taxes		780
Transfer to deferred taxes		680
Income taxes on the result	(+)/(-) 6.13	67/77	-2.262.922,06	-7.154.024,75
Taxes		670/3	674.825,34	2.094.033,81
Adjustment of income taxes and write-back of tax provisions		77	2.937.747,40	9.248.058,56
Profit (Loss) of the period	(+)/(-)	9904	104.369.437,90	-222.804.757,54
Transfer from untaxed reserves		789
Transfer to untaxed reserves		689
Profit (Loss) of the period available for appropriation	(+)/(-)	9905	104.369.437,90	-222.804.757,54

N°. 0401.574.852

F-cap 5

APPROPRIATION ACCOUNT

Profit (Loss) to be appropriated

Profit (Loss) of the period available for appropriation
Profit (Loss) of the preceding period brought forward

Transfers from equity

from contributions
from reserves

Appropriations to equity

to contributions
to legal reserve
to other reserves

Profit (loss) to be carried forward

Shareholders' contribution in respect of losses

Profit to be distributed

Compensation for contributions
Directors or managers
Employees
Other beneficiaries

Codes	Period	Preceding period
9906	561.425.483,50	486.859.912,93
(9905)	104.369.437,90	-222.804.757,54
14P	457.056.045,60	709.664.670,47
791/2		90.454.855,67
791
792		90.454.855,67
691/2	45.579.231,47
691
6920
6921	45.579.231,47
(14)	395.565.289,53	457.056.045,60
794
694/7	120.280.962,50	120.258.723,00
694	120.280.962,50	120.258.723,00
695
696
697

N°. 0401.574.852

F-cap 6.1

NOTES ON THE ACCOUNTS

STATEMENT OF FORMATION, CAPITAL INCREASE OR INCREASE OF CONTRIBUTIONS EXPENSES, LOAN ISSUE EXPENSES AND RESTRUCTURING COSTS

Net book value at the end of the period

Movements during the period

New expenses incurred

Amortisation

Other

Net book value at the end of the period

Of which

Formation, capital increase or increase of contributions expenses, loan issue expenses and other formation expenses

Restructuring costs

Codes	Period	Preceding period
20P	xxxxxxxxxxxxx	1.141.268,40
8002
8003	1.141.268,40
8004
(20)	0,00
200/2	0,00
204

N°. 0401.574.852

F-cap 6.2.1

STATEMENT OF INTANGIBLE FIXED ASSETS

DEVELOPMENT COSTS

Acquisition value at the end of the period

Movements during the period

Acquisitions, including produced fixed assets

Sales and disposals

Transfers from one heading to another (+)/(-)

Acquisition value at the end of the period

Amortisations and amounts written down at the end of the period

Movements during the period

Recorded

Written back

Acquisitions from third parties

Cancelled owing to sales and disposals

Transferred from one heading to another (+)/(-)

Amortisations and amounts written down at the end of the period

NET BOOK VALUE AT THE END OF THE PERIOD

Codes	Period	Preceding period
8051P	xxxxxxxxxxxxxx	399.884.127,11
8021	12.987.579,70
8031	7.051.879,63
8041	1.224.789,25
8051	407.044.616,43
8121P	xxxxxxxxxxxxxx	336.198.910,56
8071	3.303.005,46
8081
8091
8101
8111	413.722,82
8121	339.915.638,84
81311	67.128.977,59

N°. 0401.574.852
F-cap 6.2.2

RESEARCH COSTS MADE IN A PERIOD THAT STARTED BEFORE 1 JANUARY 2016

Codes	Period	Preceding period
8055P	xxxxxxxxxxxxxx
8025
8035
8045
8055
8125P	xxxxxxxxxxxxxx
8075
8085
8095
8105
8115
8125
81312

RESEARCH COSTS MADE IN A PERIOD THAT STARTED AFTER 31 DECEMBER 2015

Acquisition value at the end of the period
Amortisations and amounts written down at the end of the period
NET BOOK VALUE AT THE END OF THE PERIOD

Codes	Period
8056	52.779.550,20
8126	52.779.550,20
81313	0,00

N°. 0401.574.852
F-cap 6.2.3

CONCESSIONS, PATENTS LICENSES, KNOW-HOW, BRANDS AND SIMILAR RIGHTS

Codes	Period	Preceding period
8052P	xxxxxxxxxxxxxx	224.330.454,57
8022	35.206.605,20
8032	92.025.463,08
8042	17.269,50
8052	167.528.866,19
8122P	xxxxxxxxxxxxxx	118.424.926,56
8072	10.261.589,75
8082
8092
8102	10.444.065,43
8112
8122	118.242.450,88
211	49.286.415,31

N°. 0401.574.852

F-cap 6.2.4

GOODWILL

Acquisition value at the end of the period

Movements during the period

Acquisitions, including produced fixed assets

Sales and disposals

Transfers from one heading to another $(+)/(-)$

Acquisition value at the end of the period

Amortisations and amounts written down at the end of the period

Movements during the period

Recorded

Written back

Acquisitions from third parties

Cancelled owing to sales and disposals

Transferred from one heading to another $(+)/(-)$

Amortisations and amounts written down at the end of the period

NET BOOK VALUE AT THE END OF THE PERIOD

Codes	Period	Preceding period
8053P	xxxxxxxxxxxxxx	0,00
8023
8033
8043
8053	0,00
8123P	xxxxxxxxxxxxxx	0,00
8073
8083
8093
8103
8113
8123	0,00
212	0,00

N°. 0401.574.852

F-cap 6.2.5

ADVANCE PAYMENTS

Acquisition value at the end of the period

Movements during the period

Acquisitions, including produced fixed assets

Sales and disposals

Transfers from one heading to another $(+)/(-)$

Acquisition value at the end of the period

Amortisations and amounts written down at the end of the period

Movements during the period

Recorded

Written back

Acquisitions from third parties

Cancelled owing to sales and disposals

Transferred from one heading to another $(+)/(-)$

Amortisations and amounts written down at the end of the period

NET BOOK VALUE AT THE END OF THE PERIOD

Codes	Period	Preceding period
8054P	xxxxxxxxxxxxxx	0,00
8024
8034
8044
8054	0,00
8124P	xxxxxxxxxxxxxx	0,00
8074
8084
8094
8104
8114
8124	0,00
213	0,00

N°. 0401.574.852

F-cap 6.3.1

STATEMENT OF TANGIBLE FIXED ASSETS

LAND AND BUILDINGS

Acquisition value at the end of the period

Movements during the period

Acquisitions, including produced fixed assets

Sales and disposals

Transfers from one heading to another (+)/(-)

Acquisition value at the end of the period

Revaluation surpluses at the end of the period

Movements during the period

Recorded

Acquisitions from third parties

Cancelled

Transferred from one heading to another (+)/(-)

Revaluation surpluses at the end of the period

Amortisations and amounts written down at the end of the period

Movements during the period

Recorded

Written back

Acquisitions from third parties

Cancelled owing to sales and disposals

Transferred from one heading to another (+)/(-)

Amortisations and amounts written down at the end of the period

NET BOOK VALUE AT THE END OF THE PERIOD

Codes	Period	Preceding period
8191P	xxxxxxxxxxxxxx	512.964.409,25
8161	1.338.454,36
8171	38.193,82
8181	6.176.021,06
8191	520.440.690,85
8251P	xxxxxxxxxxxxxx	7.682.753,26
8211
8221
8231
8241
8251	7.682.753,26
8321P	xxxxxxxxxxxxxx	342.850.363,09
8271	17.547.370,44
8281
8291
8301	38.193,82
8311	-413.722,82
8321	359.945.816,89
(22)	168.177.627,22

N°. 0401.574.852

F-cap 6.3.2

PLANT, MACHINERY AND EQUIPMENT

Acquisition value at the end of the period

Movements during the period

Acquisitions, including produced fixed assets

Sales and disposals

Transfers from one heading to another $(+)/(-)$

Acquisition value at the end of the period

Revaluation surpluses at the end of the period

Movements during the period

Recorded

Acquisitions from third parties

Cancelled

Transferred from one heading to another $(+)/(-)$

Revaluation surpluses at the end of the period

Amortisations and amounts written down at the end of the period

Movements during the period

Recorded

Written back

Acquisitions from third parties

Cancelled owing to sales and disposals

Transferred from one heading to another $(+)/(-)$

Amortisations and amounts written down at the end of the period

NET BOOK VALUE AT THE END OF THE PERIOD

Codes	Period	Preceding period
8192P	xxxxxxxxxxxxxx	1.073.748.548,73
8162
8172	1.609.061,71
8182	41.730.507,64
8192	1.113.869.994,66
8252P	xxxxxxxxxxxxxx	0,00
8212
8222
8232
8242
8252	0,00
8322P	xxxxxxxxxxxxxx	851.004.990,20
8272	51.137.262,44
8282
8292
8302	953.244,38
8312
8322	901.189.008,26
(23)	212.680.986,40

N°. 0401.574.852

F-cap 6.3.3

FURNITURE AND VEHICLES

Codes	Period	Preceding period
Acquisition value at the end of the period	8193P	xxxxxxxxxxxxxx
Movements during the period
Acquisitions, including produced fixed assets	8163	1.404.282,92
Sales and disposals	8173	2.042.499,11
Transfers from one heading to another	8183	2.976.725,89
Acquisition value at the end of the period	8193	72.998.681,29
Revaluation surpluses at the end of the period	8253P	xxxxxxxxxxxxxx
Movements during the period
Recorded	8213
Acquisitions from third parties	8223
Cancelled	8233
Transfers from one heading to another	8243
Revaluation surpluses at the end of the period	8253	0,00
Amortisations and amounts written down at the end of the period	8323P	xxxxxxxxxxxxxx
Movements during the period
Recorded	8273	5.700.824,48
Written back	8283
Acquisitions from third parties	8293
Cancelled owing to sales and disposals	8303	1.082.437,92
Transfers from one heading to another	8313
Amortisations and amounts written down at the end of the period	8323	60.932.235,49
NET BOOK VALUE AT THE END OF THE PERIOD	(24)	12.066.445,80

N°. 0401.574.852
F-cap 6.3.4

LEASING AND OTHER SIMILAR RIGHTS

Acquisition value at the end of the period
Movements during the period
Acquisitions, including produced fixed assets
Sales and disposals
Transfers from one heading to another (+)/(-)
Acquisition value at the end of the period
Revaluation surpluses at the end of the period
Movements during the period
Recorded
Acquisitions from third parties
Cancelled
Transfers from one heading to another (+)/(-)
Revaluation surpluses at the end of the period
Amortisations and amounts written down at the end of the period
Movements during the period
Recorded
Written back
Acquisitions from third parties
Cancelled owing to sales and disposals
Transferred from one heading to another (+)/(-)
Amortisations and amounts written down at the end of the period
NET BOOK VALUE AT THE END OF THE PERIOD
Of which
Land and buildings
Plant, machinery and equipment
Furniture and vehicles

Codes	Period	Preceding period
8194P	xxxxxxxxxxxxxx	3.300.000,00
8164
8174
8184
8194	3.300.000,00
8254P	xxxxxxxxxxxxxx	0,00
8214
8224
8234
8244
8254	0,00
8324P	xxxxxxxxxxxxxx	1.388.750,00
8274	165.000,00
8284
8294
8304
8314
8324	1.553.750,00
(25)	1.746.250,00
250	1.746.250,00
251
252

20/58

N°. 0401.574.852

F-cap 6.3.5

OTHER TANGIBLE FIXED ASSETS

Acquisition value at the end of the period

Movements during the period
- Acquisitions, including produced fixed assets
- Sales and disposals
- Transfers from one heading to another (+)/(-)

Acquisition value at the end of the period

Revaluation surpluses at the end of the period

Movements during the period
- Recorded
- Acquisitions from third parties
- Cancelled
- Transferred from one heading to another (+)/(-)

Revaluation surpluses at the end of the period

Amortisations and amounts written down at the end of the period

Movements during the period
- Recorded
- Written back
- Acquisitions from third parties
- Cancelled owing to sales and disposals
- Transferred from one heading to another (+)/(-)

Amortisations and amounts written down at the end of the period

NET BOOK VALUE AT THE END OF THE PERIOD

Codes	Period	Preceding period
8195P	xxxxxxxxxxxxxx	31.420.240,70
8165
8175
8185
8195	31.420.240,70
8255P	xxxxxxxxxxxxxx	601.049,73
8215
8225
8235
8245
8255	601.049,73
8325P	xxxxxxxxxxxxxx	18.843.787,25
8275	352.094,29
8285
8295
8305
8315
8325	19.195.881,54
(26)	12.825.408,89

N°. 0401.574.852

F-cap 6.3.6

Codes	Period	Preceding period
8196P	xxxxxxxxxxxxxx	66.174.505,49
8166	68.910.710,12
8176	5.601.357,26
8186	-52.125.313,34
8196	77.358.545,01
8256P	xxxxxxxxxxxxxx	0,00
8216
8226
8236
8246
8256	0,00
8326P	xxxxxxxxxxxxxx
8276
8286
8296
8306
8316
8326
(27)	77.358.545,01

ASSETS UNDER CONSTRUCTION AND ADVANCE PAYMENTS

Acquisition value at the end of the period

Movements during the period

Acquisitions, including produced fixed assets

Sales and disposals

Transfers from one heading to another $(+)/(-)$

Acquisition value at the end of the period

Revaluation surpluses at the end of the period

Movements during the period

Recorded

Written back

Acquisitions from third parties

Cancelled from the headings to another $(+)/(-)$

Revaluation surpluses at the end of the period

Amortisations and amounts written down at the end of the period

November's during the period

Recorded

Written back

Acquisitions from third parties

Cancelled owing to sales and disposals

Transferred from one heading to another $(+)/(-)$

Amortisations and amounts written down at the end of the period

NET BOOK VALUE AT THE END OF THE PERIOD

N°. 0401.574.852

F-cap 6.4.1

STATEMENT OF FINANCIAL FIXED ASSETS

AFFILIATED COMPANIES - PARTICIPATING INTERESTS AND SHARES

Acquisition value at the end of the period

Movements during the period

Acquisitions

Sales and disposals

Transfers from one heading to another (+)/(-)

Acquisition value at the end of the period

Revaluation surpluses at the end of the period

Movements during the period

Recorded

Acquisitions from third parties

Cancelled

Transferred from one heading to another (+)/(-)

Revaluation surpluses at the end of the period

Amounts written down at the end of the period

Movements during the period

Recorded

Written back

Acquisitions from third parties

Cancelled owing to sales and disposals

Transferred from one heading to another (+)/(-)

Amounts written down at the end of the period

Uncalled amounts at the end of the period

Movements during the period (+)/(-)

Uncalled amounts at the end of the period

NET BOOK VALUE AT THE END OF THE PERIOD

AFFILIATED COMPANIES - AMOUNTS RECEIVABLE

NET BOOK VALUE AT THE END OF THE PERIOD

Movements during the period

Appropriations

Repayments

Amounts written down

Amounts written back

Exchange differences (+)/(-)

Other movements (+)/(-)

NET BOOK VALUE AT THE END OF THE PERIOD

ACCUMULATED AMOUNTS WRITTEN DOWN ON AMOUNTS RECEIVABLE AT END OF THE PERIOD

Codes	Period	Preceding period
8391P	xxxxxxxxxxxxxx	4.204.854.016,08
8361	2.333.022.632,11
8371	1.744.114.981,28
8381
8391	4.793.761.666,91
8451P	xxxxxxxxxxxxxx
8411
8421
8431
8441
8451
8521P	xxxxxxxxxxxxxx	416.895.758,34
8471	505.414.986,25
8481
8491
8501
8511
8521	922.310.744,59
8551P	xxxxxxxxxxxxxx
8541
8551
(280)	3.871.450.922,32
281P	xxxxxxxxxxxxxx
8581
8591
8601
8611
8621
8631
(281)
8651

N°. 0401.574.852
F-cap 6.4.2

Codes	Period	Preceding period
8392P	xxxxxxxxxxxxxx	145.017,71
8362
8372	24.789,35
8382
8392	120.228,36
8452P	xxxxxxxxxxxxxx
8412
8422
8432
8442
8452
8522P	xxxxxxxxxxxxxx
8472
8482
8492
8502
8512
8522
8552P	xxxxxxxxxxxxxx	16.252,52
8542
8552	16.252,52
(282)	103.975,84
283P	xxxxxxxxxxxxxx
8582
8592
8602
8612
8622
8632
(283)
8652

COMPANIES LINKED BY PARTICIPATING INTERESTS - PARTICIPATING INTERESTS AND SHARES

Acquisition value at the end of the period
Movements during the period
Acquisitions
Sales and disposals
Transfers from one heading to another (+)/(-)
Acquisition value at the end of the period
Revaluation surpluses at the end of the period
Movements during the period
Recorded
Written back
Acquisitions from third parties
Cancelled
Transferred from one heading to another (+)/(-)
Revaluation surpluses at the end of the period
Amounts written down at the end of the period
Recorded
Written down at the end of the period
Movedents during the period
Uncalled amounts at the end of the period
NET BOOK VALUE AT THE END OF THE PERIOD
COMPANIES LINKED BY PARTICIPATING INTERESTS - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD
Movements during the period
Appropriations
Repayments
Amounts written down
Amounts written back
Exchange differences (+)/(-)
Other movements (+)/(-)
NET BOOK VALUE AT THE END OF THE PERIOD
ACCUMULATED AMOUNTS WRITTEN DOWN ON AMOUNTS RECEIVABLE AT END OF THE PERIOD

24/58

N°. 0401.574.852
F-cap 6.4.3

OTHER COMPANIES - PARTICIPATING INTERESTS AND SHARES

Acquisition value at the end of the period
Movements during the period
Acquisitions
Sales and disposals
Transfers from one heading to another (+)/(-)
Acquisition value at the end of the period
Revaluation surpluses at the end of the period
Movements during the period
Recorded
Acquisitions from third parties
Cancelled
Transferred from one heading to another (+)/(-)
Revaluation surpluses at the end of the period
Amounts written down at the end of the period
Movements during the period
Recorded
Written back
Acquisitions from third parties
Cancelled owing to sales and disposals
Transferred from one heading to another (+)/(-)
Amounts written down at the end of the period
Uncalled amounts at the end of the period
Movements during the period (+)/(-)
Uncalled amounts at the end of the period
NET BOOK VALUE AT THE END OF THE PERIOD
OTHER COMPANIES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD
Movements during the period
Appropriations
Repayments
Amounts written down
Amounts written back
Exchange differences (+)/(-)
Other movements (+)/(-)
NET BOOK VALUE AT THE END OF THE PERIOD
ACCUMULATED AMOUNTS WRITTEN DOWN ON AMOUNTS RECEIVABLE AT END OF THE PERIOD

Codes	Period	Preceding period
8393P	xxxxxxxxxxxxxx	28.078.636,12
8363	4.639.941,61
8373	7.414.697,64
8383
8393	25.303.880,09
8453P	xxxxxxxxxxxxxx
8413
8423
8433
8443
8453
8523P	xxxxxxxxxxxxxx	171.831,30
8473
8483
8493
8503
8513
8523	171.831,30
8553P	xxxxxxxxxxxxxx	1.389,44
8543
8553	1.389,44
(284)	25.130.659,35
285/8P	xxxxxxxxxxxxxx	22.216,13
8583
8593	6.392,67
8603
8613
8623	76,54
8633
(285/8)	15.900,00
8653

N°. 0401.574.852

F-cap 6.5.1

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES

The following list mentions the companies in which the company holds a participating interest (recorded in headings 280 and 282 of assets), as well as the companies in which the company holds rights (recorded in headings 284 and 51/53 of assets) for an amount of at least 10% of the capital, the equity or a class of shares of the company.

NAME, full address of the REGISTERED OFFICE and, for an entity governed by Belgian law, the COMPANY REGISTRATION NUMBER	Rights held				Data extracted from the most recent annual accounts
	Nature	Directly		Subs-diaries	Annual accounts as per	Cur- rency code	Equity	Net result
		Number	%	%			(+) or (-) (in units)
Umicore Hexagone (previous Umicore France)					31-12-2024	EUR	34.262.198	-2.181.610
Foreign company RUE REAUMUR 9 75003 PARIS France 10342965001
	Aandelen	1.520.000	100,00	0,00
Umicore USA					31-12-2024	USD	481.246.825	91.584.881
Foreign company Orange Street 1209 19801 Wilmington United States
	Aandelen	575	100,00	0,00
Umicore Taiwan CO LTD (previous UMS Taiwan)					31-12-2024	TWD	40.841.504	6.255.208
Foreign company 16F-2, Keelung Road, Sec. 2 189 11054 TAIPEI China-Taiwan
	Aandelen	2.800.000	100,00	0,00
Umicore Holdings Philippines					31-12-2024	PHP	155.883.863	110.717
Foreign company Sitio malinta-Asinan Proper-Subic 1044 Subic - Zambales Philippines
	Aandelen	1.536.562	99,99	0,00
Umicore Holding 1 Germany GmbH					31-12-2024	EUR	445.609.981	-21.262.869
Foreign company Rodenbacker chaussee 4 63457 Hanau - Wolfgang Germany
	Aandelen	90.025.000	100,00	0,00
Umicore Holding 2 Germany GmbH					31-12-2024	EUR	49.840.333	-2.420.668
Foreign company Rodenbacker chaussee 4 63457 Hanau - Wolfgang Germany
	Aandelen	10.025.000	100,00	0,00

N°. 0401.574.852

F-cap 6.5.1

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES

NAME, full address of the REGISTERED OFFICE and, for an entity governed by Belgian law, the COMPANY REGISTRATION NUMBER	Rights held				Data extracted from the most recent annual accounts
	Nature	Directly		Subs-diaries	Annual accounts as per	Cur- rency code	Equity	Net result
		Number	%	%			(+) or (-) (in units)
Umicore International					31-12-2024	EUR	1.643.336.937	-444.184.690
Public limited company
Rue Bommel 5
4940 Bascharage
Luxembourg
Umicore Australia PTY LTD (previous UMS Australia)	Aandelen	8.784.276	100,00	0,00	31-12-2024	AUD	3.607.073	995.727
Foreign company
WALHALLA WAY 10
3023 RAVENHALL - VICTORIA
Australia
Umicore Specialty Materials Brugge	Aandelen	5.000.100	100,00	0,00	31-12-2024	EUR	3.162.089	2.521.688
Public limited company
Kleine Pathoekeweg 82
8000 Brugge
Belgium
0405.150.984
Umicore Argentina	Aandelen	21.499	99,99	0,01	31-12-2024	ARS	15.856.364.444	-4.333.813.936
Foreign company
Avenida Corrientes 311
Piso 11 Buenos Aires
Argentina
1603638
Umicore AUTOCAT CANADA CORP.	Aandelen	9.788.068	98,03	1,97	31-12-2024	CAD	225.870.383	433.044
Foreign company
TEMPERANCE STREET NORTH
M5H 0B4 TORONTO - ONTARIO
Canada
Umicore BATTERY MATERIALS nv/ sa	Aandelen	176.700.001	100,00	0,00	31-12-2024	EUR	21.953.824	-107.676
Public limited company
BROEKSTRAAT 31
1000 Brussels
Belgium
0801.174.864
	Aandelen	100	100,00	0,00

N°. 0401.574.852

F-cap 6.5.1

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES

NAME, full address of the REGISTERED OFFICE and, for an entity governed by Belgian law, the COMPANY REGISTRATION NUMBER	Rights held				Data extracted from the most recent annual accounts
	Nature	Directly		Subs-diaries	Annual accounts as per	Cur- rency code	Equity	Net result
		Number	%	%			(+) or (-) (in units)
EXTRA MILES MATERIALS
Private company with limited liability					31-12-2024	EUR	-3.058	-3.058
RUE DU MARAIS 31
1000 Brussels
Belgium
0803.124.168
UMICORE INNOVATION CENTER CHINA	AANDELEN	5.000	100,00	0,00	31-12-2024	EUR	6.964.854	-35.146
Foreign company
Jujin Road, Plot Free Trade Zone - 1/ SHANGHAI
China
UMICORE (SUZHOU) SEMICONDUCTOR MATERIALS Co Ltd	AANDELEN	0	100,00	0,00	31-12-2024	CNY	10.195.770	-2.656.117
Foreign company
Changan Road, First Floor, Building #9 215200 Wujiang, Jiangsu
China
UMICORE FINLAND OY	AANDELEN	0	100,00	0,00	31-12-2024	EUR	71.655.200	-65.236
Foreign company
Kobolttiaukio 1
67900 KOKKOLA
Finland
	AANDELEN	100	100,00	0,00

N°. 0401.574.852

F-cap 6.6

CURRENT INVESTMENTS AND ACCRUALS AND DEFERRED INCOME

CURRENT INVESTMENTS - OTHER INVESTMENTS

Shares and investments other than fixed income investments

Shares – Book value increased with the uncalled amount
Shares – Uncalled amount
Precious metals and works of art

Fixed-income securities

Fixed income securities issued by credit institutions

Term accounts with credit institutions

With a remaining term or notice
up to one month
between one month and one year
over one year

Other investments not mentioned above

Codes	Period	Preceding period
51
8681
8682
8683
52
8684
53	20.203.904,12	335.881.351,14
8686	20.203.904,12	335.881.351,14
8687
8688
8689

ACCRUALS AND DEFERRED INCOME

Allocation of account 490/1 of assets if the amount is significant

Winst op marktwaardering van verplichtingen in valuta.
Winst op marktwaardering van verplichtingen in metalen
Andere over te dragen kosten
Over te dragen interest kosten

Period
13.187.071,59
21.302.331,23
15.274.219,86
21.493.320,04

N°. 0401.574.852

F-cap 6.7.1

STATEMENT OF CAPITAL AND SHAREHOLDERS' STURCTURE

STATEMENT OF CAPITAL

Capital

Issued capital at the end of the period

Modifications during the period

Composition of the capital

Share types

GEWOON AANDELEN

Registered shares

Shares dematerialized

Codes	Period	Preceding period
100P
(100)	XXXXXXXXXXXXXX
550.000.000,00	550.000.000,00
Codes	Period	Number of shares
---	---	---
8702
8703	550.000.000,00
XXXXXXXXXXXXXX
XXXXXXXXXXXXXX	246.400.000
26.897.856
219.502.144

Unpaid capital

Uncalled capital

Called up capital, unpaid

Shareholders that still need to pay up in full

Codes	Uncalled amount	Called up amount, unpaid
(101)
8712	XXXXXXXXXXXXXX	XXXXXXXXXXXXXX

Own shares

Held by the company itself

Amount of capital held

Number of shares

Held by a subsidiary

Amount of capital held

Number of shares

Commitments to issuing shares

Owing to the exercise of conversion rights

Amount of outstanding convertible loans

Amount of capital to be subscribed

Corresponding maximum number of shares to be issued

Owing to the exercise of subscription rights

Number of outstanding subscription rights

Amount of capital to be subscribed

Corresponding maximum number of shares to be issued

Authorised capital not issued

Codes	Period
8721	13.031.417,41
8722	5.838.075
8731
8732
8740
8741
8742
8745
8746
8747
8751

N°. 0401.574.852
F-cap 6.7.1

Shares issued, non-representing capital

Distribution
- Number of shares
- Number of voting rights attached thereto
- Allocation by shareholder
- Number of shares held by the company itself
- Number of shares held by its subsidiaries

Codes	Period
8761
8762
8771
8781

ADDITIONAL NOTES REGARDING CONTRIBUTIONS (INCLUDING CONTRIBUTIONS IN THE FORM OF SERVICES OR KNOW-HOW)

Period

31/58

N°. 0401.574.852

F-cap 6.7.2

SHAREHOLDERS' STRUCTURE OF THE COMPANY AT YEAR-END CLOSING DATE

As reflected in the notifications received by the company pursuant to article 7:225 of the Belgian Companies and Associations Code, article 14 fourth paragraph of the law of 2 May 2007 on the publication of major holdings and article 5 of the Royal Decree of 21 August 2008 on further rules for certain multilateral trading facilities.

NAME of the persons who hold rights of the company, together with the ADDRESS (of the registered office, in the case of a legal person) and the COMPANY REGISTRATION NUMBER, in the case of an company governed by Belgian law	Rights held
	Nature	Number of voting rights		%
		Attached to securities	Not attached to securities
BLACK ROCK
Hudson Yards 50
1001 New York
United States	12596910	0	0	5,11
JP Morgan Asset Management Holdings Inc. c/o CT Corporation
Orange Street, Wilmington 1209
DE19801 WILMINGTON
United States	AANDELEN	8.400.387	0	3,41
Millennium International Management LP c/o The Corporation Trust Company
Orange Street 1209
DE19801 WILMINGTON
United States	AANDELEN	7.582.680	0	3,08
Bank of America Corporation
DE WILMINGTON
United States	AANDELEN	8.431.041	0	3,42
Groupe Bruxelles Lambert S.A.
Marnixlaan 24
1000 Brussels
Belgium
0407.040.209	AANDELEN	19.617.030	0	7,96
Silchester International Investors LLP
The Metcalf, 3rd Floor PALL MALL 83-85
SWIY5ES LONDON
United Kingdom	AANDELEN	12.268.898	0	4,98

N°. 0401.574.852

F-cap 6.7.2

SHAREHOLDERS' STRUCTURE OF THE COMPANY AT YEAR-END CLOSING DATE

NAME of the persons who hold rights of the company, together with the ADDRESS (of the registered office, in the case of a legal person) and the COMPANY REGISTRATION NUMBER, in the case of an company governed by Belgian law	Rights held
	Nature	Number of voting rights		%
		Attached to securities	Not attached to securities
SFPIM
Louizalaan 32, box 4
1050 Ixelles
Belgium
0253.445.063	AANDELEN	12.320.000	0	5,00
Norges Bank
Bankplassen - Sentrum - 2, box 1179
0107 OSLO
Norway	AANDELEN	13.054.024	0	5,30
UMCORE NV
BROEKSTRAAT 31
1000 Brussels
Belgium
0401.574.852	EIGEN AANDELEN	5.838.075	0	2,37

N°. 0401.574.852
F-cap 6.8

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

ALLOCATION OF ACCOUNT 164/5 OF LIABILITIES IF THE AMOUNT IS SIGNIFICANT

Period
PROVISIE GESCHILLEN EN RISICOS
8.141.475,30
PREMIE 25 & 35 JAAR DIENST
3.898.164,26
PROVISIE RISICO OP AANDELENOPTIES
59.319.275,40

34/58

N°. 0401.574.852

F-cap 6.9

STATEMENT OF AMOUNTS PAYABLE AND ACCRUALS AND DEFERRED INCOME (LIABILITIES)

BREAKDOWN OF AMOUNTS PAYABLE WITH AN ORIGINAL TERM OF MORE THAN ONE YEAR, ACCORDING TO THEIR RESIDUAL MATURITY

Current portion of amounts payable after more than one year falling due within one year

Financial debts
Subordinated loans
Unsubordinated debentures
Leasing and other similar obligations
Credit institutions
Other loans
Trade debts
Suppliers
Bills of exchange payable
Advance payments on contracts in progress
Other amounts payable

Total current portion of amounts payable after more than one year falling due within one year

Amounts payable with a remaining term of more than one year, yet less than 5 years

Financial debts
Subordinated loans
Unsubordinated debentures
Leasing and other similar obligations
Credit institutions
Other loans
Trade debts
Suppliers
Bills of exchange payable
Advance payments on contracts in progress
Other amounts payable

Total amounts payable with a remaining term of more than one year, yet less than 5 years

Amounts payable with a remaining term of more than 5 years

Financial debts
Subordinated loans
Unsubordinated debentures
Leasing and other similar obligations
Credit institutions
Other loans
Trade debts
Suppliers
Bills of exchange payable
Advance payments on contracts in progress
Other amounts payable

Amounts payable with a remaining term of more than 5 years

Codes	Period
8801	50.000.000,00
8811
8821
8831
8841	50.000.000,00
8851	0,00
8861
8871
8881
8891
8901
(42)	50.000.000,00
8802	1.032.691.165,99
8812
8822
8832	861.378,73
8842	1.031.829.787,26
8852
8862	50.000.010,00
8872	50.000.010,00
8882
8892
8902
8912	1.082.691.175,99
8803	1.105.145.472,04
8813
8823
8833	1.124.195,44
8843	1.104.021.276,60
8853
8863
8873
8883
8893
8903
8913	1.105.145.472,04

N°. 0401.574.852
F-cap 6.9

AMOUNTS PAYABLE GUARANTEED (included in accounts 17 and 42/48 of liabilities)

Amounts payable guaranteed by the Belgian government agencies

Financial debts
Subordinated loans
Unsubordinated debentures
Leasing and other similar obligations
Credit institutions
Other loans
Trade debts
Suppliers
Bills of exchange payable
Advance payments on contracts in progress
Remuneration and social security
Other amounts payable

Total of the amounts payable guaranteed by the Belgian government agencies

Amounts payable guaranteed by real securities given or irrevocably promised by the company on its own assets

Financial debts
Subordinated loans
Unsubordinated debentures
Leasing and other similar obligations
Credit institutions
Other loans
Trade debts
Suppliers
Bills of exchange payable
Advance payments on contracts in progress
Taxes, remuneration and social security
Taxes
Remuneration and social security
Other amounts payable

Total amounts payable guaranteed by real securities given or irrevocably promised by the company on its own assets

TAXES, REMUNERATION AND SOCIAL SECURITY

Taxes (headings 450/3 and 178/9 of liabilities)

Outstanding tax debts
Accruing taxes payable
Estimated taxes payable

Remuneration and social security (headings 454/9 and 178/9 of liabilities)

Amounts due to the National Social Security Office
Other amounts payable in respect of remuneration and social security

Codes	Period
8921
8931
8941
8951
8961
8971
8981
8991
9001
9011
9021
9051
9061
8922
8932
8942
8952
8962
8972
8982
8992
9002
9012
9022
9032
9042
9052
9062
Codes	Period
---	---
9072
9073	10.415.387,06
450	109.996,04
9076
9077	84.674.584,37

N°. 0401.574.852

F-cap 6.9

ACCRUALS AND DEFERRED INCOME

Allocation of heading 492/3 of liabilities if the amount is significant

Over te dragen opbrengsten
Verlies op marktwaardering van verplichtingen in valuta en metalen
Behandelingskosten
Toe te rekenen interesten
Toe te rekenen kosten

Period
190.404.651,48
145.776.073,37
82.649.611,83
47.943.977,84
12.120.952,82

37/58

N°. 0401.574.852

F-cap 6.10

OPERATING RESULTS

OPERATING INCOME

Net turnover

Allocation by categories of activity

RECYCLING
SPECIALTY MATERIALS
CORPORATE
BATTERY MATERIALS

Allocation by geographical market

BELGIE
DUITSLAND
VERENIGD KONINGRIJK
VERENIGDE STATEN
CHINA
FINLAND
OVERIGE
JAPAN
ZUID KOREA
FRANKRIJK
CANADA

Other operating income

Operating subsidies and compensatory amounts received from public authorities

OPERATING CHARGES

Employees for whom the company submitted a DIMONA declaration or who are recorded in the general personnel register

Total number at the closing date
Average number of employees calculated in full-time equivalents
Number of actual hours worked

Personnel costs

Remuneration and direct social benefits
Employers' contribution for social security
Employers' premiums for extra statutory insurance
Other personnel costs
Retirement and survivors' pensions

Codes	Period	Preceding period
	4.435.737.875,76	2.878.447.175,28
	314.124.322,53	331.374.502,51
	11.102.864,59	39.770.530,71
	667.424.921,27	508.031.201,72
	271.555.518,46	213.504.229,50
	2.631.717.565,96	1.704.851.892,24
	527.905.716,30	310.109.810,09
	380.132.324,81	195.299.766,04
	118.933.065,01	97.033.660,80
	174.228.686,40	146.377.318,02
	339.706.500,07	441.032.884,23
	36.150.664,36	26.942.877,58
	309.470.089,52	255.333.575,52
	333.031.253,60	201.527.416,92
	305.558.599,66	165.609.979,28
740	3.355.808,40	5.008.223,25
9086	3.250	3.375
9087	3.209,0	3.322,9
9088	4.445.574	4.743.736
620	279.979.401,96	278.089.341,05
621	91.208.056,42	88.128.992,99
622	24.735.923,51	26.338.185,24
623	10.494.708,27	11.596.521,38
624	156.132,30	162.910,92

N°. 0401.574.852

F-cap 6.10

Provisions for pensions and similar obligations

Appropriations (uses and write-backs) (+)/(-)

Depreciations

On stock and contracts in progress

Recorded

Written back

On trade debtors

Recorded

Written back

Provisions for liabilities and charges

Appropriations

Uses and write-backs

Other operating charges

Taxes related to operation

Other

Hired temporary staff and personnel placed at the company's disposal

Total number at the closing date

Average number calculated in full-time equivalents

Number of actual hours worked

Costs to the company

Codes	Period	Preceding period
635	-9.365.816,46	-15.403.865,69
9110	1.770.468,44	3.750.595,97
9111	2.135.478,28
9112	0,00
9113	154.114,05
9115	63.987.991,78	70.505.417,84
9116	99.853.361,44	87.516.882,36
640	8.294.262,65	10.379.894,75
641/8	20.637.892,39	25.147.832,07
9096	0	1
9097	7,6	2,6
9098	16.629	4.758
617	846.879,28	337.329,35

N°. 0401.574.852

F-cap 6.11

FINANCIAL RESULTS

RECURRING FINANCIAL INCOME

Other financial income

Subsidies paid by public authorities, added to the profit and loss account

Capital subsidies
Interest subsidies

Allocation of other financial income

Exchange differences realized
Other
Wisselkoersverschillen en omrekeningsverschillen
DIVERSE FINANCIELE OPBRENGSTEN

RECURRING FINANCIAL CHARGES

Depreciation of loan issue expenses

Capitalised interests

Depreciations on current assets

Recorded
Written back

Other financial charges

Amount of the discount borne by the company, as a result of negotiating amounts receivable

Provisions of a financial nature

Appropriations
Uses and write-backs

Allocation of other financial costs

Exchange differences realized
Results from the conversion of foreign currencies
Other
Diverse financiële kosten
Wisselkoers- en omrekeningsverschillen

Codes	Period	Preceding period
9125	18.481.082,75	13.816.994,45
9126
754	47.573.783,99	27.395.195,52
	8.977.342,46	16.296.043,72
	8.244,41	17.579,54
6501
6502
6510
6511	377.639,68
653	11.223,35	130.942,24
6560
6561	35.852.811,83	9.246.683,33
654	54.343.535,31	22.746.040,76
655	23.539.181,57
	4.943.925,49	4.047.412,97
	34.031.189,51	26.345.102,81

N°. 0401.574.852

F-cap 6.12

INCOME AND CHARGES OF EXCEPTIONAL SIZE OR FREQUENCY

NON-RECURRING INCOME

Non-recurring operating income

Write-back of depreciation and of amounts written off intangible and tangible fixed assets

Write-back of provisions for extraordinary operating liabilities and charges

Capital profits on disposal of intangible and tangible fixed assets

Other non-recurring operating income

Non-recurring financial income

Write-back of amounts written down financial fixed assets

Write-back of provisions for extraordinary financial liabilities and charges

Capital profits on disposal of financial fixed assets

Other non-recurring financial income

NON-RECURRING CHARGES

Non-recurring operating charges

Non-recurring depreciation of and amounts written off formation expenses, intangible and tangible fixed assets

Provisions for extraordinary operating liabilities and charges: appropriations (uses) (+)/(-)

Capital losses on disposal of intangible and tangible fixed assets

Other non-recurring operating charges

Non-recurring operating charges carried to assets as restructuring costs

Non-recurring financial charges

Amounts written off financial fixed assets

Provisions for extraordinary financial liabilities and charges - appropriations (uses) (+)/(-)

Capital losses on disposal of financial fixed assets

Other non-recurring financial charges

Non-recurring financial charges carried to assets as restructuring costs

Codes	Period	Preceding period
76	226.767.578,66	14.444,32
(76A)	167.359.578,10	11.370,36
760	44.616,92	10.970,36
7620
7630
764/8	167.314.961,18	400,00
(76B)	59.408.000,56	3.073,96
761
7621
7631	36.267,76	3.073,96
769	59.371.732,80
66	528.232.118,39	743.607.862,38
(66A)	22.702.342,79	314.198.684,55
660	2.630.566,58	15.310.327,09
6620	-27.768.363,04	58.030.955,64
6630
664/7	47.840.139,25	240.857.401,82
6690
(66B)	505.529.775,60	429.409.177,83
661	505.414.986,25	340.300.167,64
6621
6631	24.789,35
668	90.000,00	89.109.010,19
6691

N°. 0401.574.852

F-cap 6.13

TAXES

INCOME TAXES

Income taxes on the result of the period

Income taxes paid and withholding taxes due or paid

Excess of income tax prepayments and withholding taxes paid recorded under assets

Estimated additional taxes

Income taxes on the result of prior periods

Additional income taxes due or paid

Additional income taxes estimated or provided for

Major reasons for the differences between pre-tax profit, as it results from the annual accounts, and estimated taxable profit

Belaste voorzieningen en verdoken reserves

Verworpen uitgaven

Definitie belaste inkomsten

Andere aftrekken / vrijstellingen

Codes	Period
9134	124.845,13
9135	124.845,13
9136
9137
9138	549.980,21
9139
9140	549.980,21
	-27.790.327,59
	506.181.893,18
	-554.271.293,12
	-25.681.095,22

Influence of non-recurring results on income taxes on the result of the period

Period

Sources of deferred taxes

Deferred taxes representing assets

Accumulated tax losses deductible from future taxable profits

Other deferred taxes representing assets

Taxed provision and hiden reserves

R&D tax credit

Investment deduction

Excess dividend deduction & innovation income deduction

Excess interest deduction

Deferred taxes representing liabilities

Allocation of deferred taxes representing liabilities

Belastingvrije reserve

Codes	Period
9141	939.583.782,52
9142
	360.661.989,62
	15.320.459,68
	380.351,50
	505.369.216,44
	57.851.765,28
9144	150.153.867,35
	150.153.867,35

VALUE-ADDED TAXES AND TAXES BORNE BY THIRD PARTIES

Value-added taxes charged

To the company (deductible)

By the company

Amounts withheld on behalf of third party by way of

Payroll withholding taxes

Withholding taxes on investment income

Codes	Period	Preceding period
9145	322.533.974,51	289.189.316,35
9146	280.268.879,14	237.893.433,26
9147	63.533.074,14	64.182.788,08
9148	12.882.794,82	42.625.705,32

N°. 0401.574.852
F-cap 6.14

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

PERSONAL GUARANTEES PROVIDED OR IRREVOCABLY PROMISED BY THE COMPANY AS SECURITY FOR DEBTS AND COMMITMENTS OF THIRD PARTIES

Of which

Bills of exchange in circulation endorsed by the company
Bills of exchange in circulation drawn or guaranteed by the company
Maximum amount for which other debts or commitments of third parties are guaranteed by the company

REAL GUARANTEES

Real guarantees provided or irrevocably promised by the company on its own assets as security of debts and commitments of the company

Mortgages

Book value of the immovable properties mortgaged 91611
Amount of registration 91621
For irrevocable mortgage mandates, the amount for which the agent can take registration 91631

Pledging of goodwill

Maximum amount up to which the debt is secured and which is the subject of registration
For irrevocable mandates to pledge goodwill, the amount for which the agent can take the inscription 91711

Pledging of other assets or irrevocable mandates to pledge other assets

Book value of the immovable properties mortgaged 91811
Maximum amount up to which the debt is secured 91821

Guarantees provided or irrevocably promised on future assets

Amount of assets in question 91911
Maximum amount up to which the debt is secured 91921

Vendor's privilege

Book value of sold goods 92011
Amount of the unpaid price 92021

Codes	Period
9149
9150
9151
9153
91611
91621
91631
91711
91721
91811
91821
91911
91921
92011
92021

N°. 0401.574.852
F-cap 6.14

Real guarantees provided or irrevocably promised by the company on its own assets as security of debts and commitments of third parties

Mortgages
- Book value of the immovable properties mortgaged
- Amount of registration
- For irrevocable mortgage mandates, the amount for which the agent can take registration

Pledging of goodwill
- Maximum amount up to which the debt is secured and which is the subject of registration
- For irrevocable mandates to pledge goodwill, the amount for which the agent can take the inscription

Pledging of other assets or irrevocable mandates to pledge other assets
- Book value of the immovable properties mortgaged
- Maximum amount up to which the debt is secured

Guarantees provided or irrevocably promised on future assets
- Amount of assets in question
- Maximum amount up to which the debt is secured

Vendor's privilege
- Book value of sold goods
- Amount of the unpaid price

Codes	Period
91612
91622
91632
91712
91722
91812
91822
91912
91922
92012
92022

GOODS AND VALUES, NOT REFLECTED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR OWN NAME BUT FOR THE BENEFIT AND AT THE RISK OF THE COMPANY

SUBSTANTIAL COMMITMENTS TO ACQUIRE FIXED ASSETS

SUBSTANTIAL COMMITMENTS TO DISPOSE OF FIXED ASSETS

FORWARD TRANSACTIONS
- Goods purchased (to be received) 9213 484.129.214,00
- Goods sold (to be delivered) 9214 607.688.267,00
- Currencies purchased (to be received) 9215 2.021.108.929,00
- Currencies sold (to be delivered) 9216 3.103.535.426,00

Period

COMMITMENTS RELATING TO TECHNICAL GUARANTEES IN RESPECT OF SALES OR SERVICES

Period

AMOUNT, NATURE AND FORM CONCERNING LITIGATION AND OTHER IMPORTANT COMMITMENTS
- Lease-out metalen
- Metalen toebehorend aan derden voor verwerking tegen maakloon
- Lease-in metalen

Period
339.921.578,46
1.444.470.993,00
1.059.526.409,11

N°. 0401.574.852
F-cap 6.14

Metalen toebehorend aan Umicore voor verwerking tegen maakloon
1.108.969.374,00

Bankgaranties
70.933.850,00

Waarborgstelling
35.112.407,00

SETTLEMENT REGARDING THE COMPLEMENTARY RETIREMENT OR SURVIVORS' PENSION FOR PERSONNEL AND BOARD MEMBERS

Brief description

Measures taken to cover the related charges

PENSIONS FUNDED BY THE COMPANY ITSELF

Estimated amount of the commitments resulting from past services

Methods of estimation

Code	Period
9220

NATURE AND FINANCIAL IMPACT OF SIGNIFICANT EVENTS AFTER THE CLOSING DATE not reflected in the balance sheet or income statement

Period

COMMITMENTS TO PURCHASE OR SALE AVAILABLE TO THE COMPANY AS ISSUER OF OPTIONS FOR SALE OR PURCHASE

Period

NATURE, COMMERCIAL OBJECTIVE AND FINANCIAL CONSEQUENCES OF TRANSACTIONS NOT REFLECTED IN THE BALANCE SHEET

If the risks and benefits resulting from such transactions are of any meaning and if publishing such risks and benefits is necessary to appreciate the financial situation of the company

Period

OTHER RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET (including those that cannot be calculated)

Period

N°. 0401.574.852

F-cap 6.15

RELATIONSHIPS WITH AFFILIATED COMPANIES, ASSOCIATED COMPANIES AND OTHER COMPANIES LINKED BY PARTICIPATING INTERESTS

AFFILIATED COMPANIES

Financial fixed assets

Participating interests
Subordinated amounts receivable
Other amounts receivable

Amounts receivable

Over one year
Within one year

Current investments

Shares
Amounts receivable

Amounts payable

Over one year
Within one year

Personal and real guarantees

Provided or irrevocably promised by the company as security for debts or commitments of affiliated companies
Provided or irrevocably promised by affiliated companies as security for debts or commitments of the company

Other significant financial commitments

Financial results

Income from financial fixed assets
Income from current assets
Other financial income
Debt charges
Other financial charges

Disposal of fixed assets

Capital profits realised
Capital losses realised

Codes	Period	Preceding period
(280/1)	3.871.450.922,32	3.787.958.257,74
(280)	3.871.450.922,32	3.787.958.257,74
9271
9281
9291	733.475.665,18	999.815.285,00
9301	48.802.253,97	298.768.575,68
9311	684.673.411,21	701.046.709,32
9321
9331
9341
9351	304.260.632,85	381.978.583,58
9361
9371	304.260.632,85	381.978.583,58
9381
9391
9401
9421	638.818.836,19	537.089.165,25
9431	67.067.940,92	91.510.979,16
9441
9461	7.569.787,30	82.702.914,12
9471
9481
9491	10.408.651,22

N°. 0401.574.852

F-cap 6.15

RELATIONSHIPS WITH AFFILIATED COMPANIES, ASSOCIATED COMPANIES AND OTHER COMPANIES LINKED BY PARTICIPATING INTERESTS

ASSOCIATED COMPANIES

Financial fixed assets

Participating interests
Subordinated amounts receivable
Other amounts receivable

Amounts receivable

Over one year
Within one year

Amounts payable

Over one year
Within one year

Personal and real guarantees

Provided or irrevocably promised by the company as security for debts or commitments of affiliated companies
Provided or irrevocably promised by affiliated companies as security for debts or commitments of the company

Other significant financial commitments

COMPANIES LINKED BY PARTICIPATING INTERESTS

Financial fixed assets

Participating interests
Subordinated amounts receivable
Other amounts receivable

Amounts receivable

Over one year
Within one year

Amounts payable

Over one year
Within one year

Codes	Period	Preceding period
9253
9263
9273
9283
9293
9303
9313
9353
9363
9373
9383
9393
9403
9252	103.975,84	128.765,19
9262	103.975,84	128.765,19
9272
9282
9292
9302
9312
9352
9362
9372

N°. 0401.574.852

F-cap 6.15

RELATIONSHIPS WITH AFFILIATED COMPANIES, ASSOCIATED COMPANIES AND OTHER COMPANIES LINKED BY PARTICIPATING INTERESTS

TRANSACTIONS WITH AFFILIATED PARTIES BEYOND NORMAL MARKET CONDITIONS

Mention of these transactions if they are significant, including the amount of the transactions, the nature of the link, and all information about the transactions that should be necessary to get a better understanding of the financial situation of the company

Bij gebrek aan wettelijke criteria die toelaten om de transacties met verbonden partijen buiten normale marktvoordaarden te inventariseren kon geen informatie worden opgenomen in Vol-kap 6.15.

Period

N°. 0401.574.852

F-cap 6.16

FINANCIAL RELATIONSHIPS WITH

DIRECTORS AND MANAGERS, INDIVIDUALS OR LEGAL PERSONS WHO CONTROL THE COMPANY DIRECTLY OR INDIRECTLY WITHOUT BEING ASSOCIATED THEREWITH, OR OTHER COMPANIES CONTROLLED DIRECTLY OR INDIRECTLY BY THESE PERSONS

Amounts receivable from these persons

Principal conditions regarding amounts receivable, rate of interest, duration, any amounts repaid, cancelled or written off

Guarantees provided in their favour

Other significant commitments undertaken in their favour

Amount of direct and indirect remunerations and pensions, reflected in the income statement, as long as this disclosure does not concern exclusively or mainly, the situation of a single identifiable person

To directors and managers

To former directors and former managers

Codes	Period
9500
9501
9502
9503
9504

THE AUDITOR(S) AND THE PERSONS WHOM HE (THEY) IS (ARE) COLLABORATING WITH

Auditors' fees

Fees for exceptional services or special assignments executed within the company by the auditor

Other audit assignments

Tax consultancy assignments

Other assignments beyond the audit

Fees for exceptional services or special assignments executed within the company by people the auditor(s) is (are collaborating with

Other audit assignments

Tax consultancy assignments

Other assignments beyond the audit

Codes	Period
9505	632.064,00
95061	270.076,00
95062
95063	138.698,00
95081
95082
95083

Mentions related to article 3:64, § 2 and § 4 of the Belgian Companies and Associations Code

N°. 0401.574.852

F-cap 6.17

DERIVATIVE FINANCIAL INSTRUMENTS THAT ARE NOT VALUED BASED UPON THE REAL VALUE

FOR EACH CATEGORY OF DERIVATIVE FINANCIAL INSTRUMENTS THAT ARE NOT VALUED BASED UPON THE REAL VALUE

				Period		Preceding period
Category of derivative financial instruments	Hedged risk	Speculation/coverage	Size	Book value	Real value	Book value	Real value
Termijnwisselcontracten	Schommelingen in wisselkoersen - strategische indekking	Hedging	887173836	0,00	15.822.171,00		-19.766.969,00
Commodities	Schommelingen in metaalprijzen - strategische indekking	Hedging	8823413	0,00	-1.211.355,00		-245.476,00
Commodities	Schommelingen in energieprijzen - strategische indekking	Hedging	38002345	0,00	-8.871.448,00		-3.781.853,00
Termijnwisselcontracten	Schommelingen in wisselkoersen - transactionele indekking	Hedging	2009279369	-11.308.590,00	-11.308.590,00	20.813.851,00	20.813.851,00
Commodities	Schommelingen in metaalprijzen - transactionele indekking	Hedging	561856976	-14.771.079,00	-14.771.079,00	65.458.500,00	65.458.500,00

FINANCIAL FIXED ASSETS RECORDED AT AN AMOUNT HIGHER THAN THE REAL VALUE

Amount of separate assets or of its appropriate groups

Reasons why the book value has not decreased

Elements that lead to assume that it will be possible to realise the book value

Book value	Real value

N°. 0401.574.852

F-cap 6.18.1

DECLARATION WITH REGARD TO THE CONSOLIDATED ANNUAL ACCOUNTS

INFORMATION TO DISCLOSE BY EACH COMPANY GOVERNED BY THE BELGIAN COMPANIES AND ASSOCIATIONS CODE ON THE CONSOLIDATED ANNUAL ACCOUNTS

The company has prepared and published consolidated annual accounts and a consolidated annual report*

The company has not prepared consolidated annual accounts and a consolidated annual report, because of an exemption for the following reason(s)†

The company and its subsidiaries exceed, on a consolidated basis, not more than one of the criteria mentioned in article 1:26 of the Belgian Companies and Associations Code†

The company only has subsidiaries that, considering the evaluation of the consolidated capital, the consolidated financial position or the consolidated result, individually or together, are of negligible interest. (article 3:23 of the Belgian Companies and Associations Code)

The company itself is a subsidiary of a parent company that prepares and publishes consolidated annual accounts, in which the annual accounts are integrated by consolidation†

Name, full address of the registered office and, if it concerns companies under Belgian law, the company registration number of the parent company(ies) and the indication if this (these) parent company(ies) prepares (prepare) and publishes (publish) consolidated annual accounts, in which the annual accounts are included by means of consolidation**:

If the parent company(ies) is (are) (a) company(ies) governed by foreign law, the location where the abovementioned annual accounts are available**:

Strike out what does not apply.
** Where the annual accounts of the company are consolidated at different levels, the information should be given, on the one hand at the highest and on the other at the lowest level of companies of which the company is a subsidiary and for which consolidated accounts are prepared and published.

51/58

N°. 0401.574.852
F-cap 6.19

VALUATION RULES

WAARDERINGSREGELS

BOEKHOUDPRINCIPES EN WAARDERINGSREGELS

Oprichtingskosten en kosten van kapitaalverhoging

Voor zover ze niet in de resultatenrekening van het boekjaar zijn opgenomen, worden deze kosten op de actiefzijde van de balans geboekt voor het bedrag van de werkelijk gedragen of gemaakte kosten en uitgaven. In dit geval worden ze in maximaal 5 jaar afgeschreven.

Immateriële en materiële vaste activa

De vaste activa komen voor tegen historische kosten, verminderd met de samengestelde afschrijvingen, berekend over de geraamde economische levensduur van de betrokken activa, volgens de lineaire.

Onderzoekskosten: de onderzoekskosten worden geactiveerd en volledig afgeschreven gedurende het lopend boekjaar.

De kosten van ontwikkeling worden afgeschreven over een periode van 5 jaar.

Belastingkredieten voor onderzoek en ontwikkeling worden erkend onder andere bedrijfsopbrengsten op het moment van aangifte van de onderliggende dossiers. De opgebouwde vorderingen worden teruggenomen à rato het gebruik bij de belastingsaangifte.

De volgende levensduren worden gehanteerd:

IT software 5 tot 10
Terreinen niet afschrijfbaar
Gebouwen
Industriële gebouwen 20 behalve industriële complexen 15
Andere gebouwen (kantoren, laboratoria, ...) 40
Infrastructuur werken, zoals wegen en spoorwegen 15
Aanpassing en inrichting van de gebouwen 10
Installaties, machines en uitrusting 10
behalve ovens 7
behalve kleinere uitrusting 5
Meubilair en rollend materieel
Informaticamaterieel 3 tot 5
Meubilair en ander kantoormaterieel 5 tot 10
Rollend materieel 5
Mobiel materieel voor intern transport 7
Andere materiële vaste activa
Huizen en woongebouwen 40

De aanschaffingen worden tegen kostprijs geboekt.

Vanaf boekjaar 2004 worden de intercalaire interesten niet meer in aanmerking genomen.

Herstellings- en onderhoudswerken worden in de resultatenrekening gedebiteerd.

Financiële vaste activa

De effecten van deelnemingen worden geboekt voor hun aanschaffingswaarde, rekening houdend met de eventueel nog te storten bedragen. Een specifieke waardevermindering wordt geboekt wanneer de evaluatie een duurzame minderwaarde aanwijst.

Voorraden

De voorraden worden gewaardeerd tegen historische kostprijs.

De verbruiks- en hulpgoederen worden geboekt tegen hun aankoopprijs, waarbij de afnemingen gebeuren tegen de gewogen gemiddelde prijs. Bij langzame omloop of buitengebruikstelling wordt een gepaste waardevermindering toegepast.

De metalen - grondstoffen, goederen in bewerking en gereed product - die het voorwerp zijn van een dekking, onder meer op de internationale metaalbeurzen, staan gewaardeerd als ingedekt element zoals toegelicht onder sectie transactionele risico's in de waarderingsregels.

De NCI (Non current inventory) "held to carry" wordt aanzien als dat ze een ongelimiteerde levensduur heeft gezien het de intentie is om deze materialen gedurende een ongedefinieerde periode te gebruiken. Dit betekent dat hier geen afschrijvingen op verricht worden.

Rekening houdend dat de gebruikswaarde van de NCI's voornamelijk gerecupereerd zal worden door de gegenereerde cash flows van de businesses voor wie deze voorraden nodig zijn, hierbij worden ze onderdeel van Umicore's jaarlijkse impairment analyse toegepast door de businesses die deze voorraden gebruiken.

De NCI "held for sale" is gewaardeerd aan de "lower of the carrying amount and fair value less cost to sell (LOCOM)". In het zicht van de fysieke aspecten van deze NCI's en de gelieerde processen en systemen blijft hun classificatie onder voorraad.

De andere metalen die niet onder dat regime vallen, worden gewaardeerd volgens de methode van de gewogen gemiddelde prijzen op jaarbasis, rekening houdend met de specifieke aard van de bedrijvigheid en de moeilijkheden eigen aan de afneming van de voorraden.

Op het einde van het boekjaar wordt de waarde van deze voorraden verminderd om de inventariswaarde terug te brengen tot de marktwaarde.

Deze waardeverminderingen worden systematisch teruggenomen wanneer de marktwaarde hoger is dan de voorheen geboekte boekwaarde.

De kostprijs van de gekochte producten omvat de netto-aanschaffingskosten en de bijkomende kosten. Voor gereed product en de goederen in bewerking wordt in de kostprijs, met de directe kosten, een deel van de indirecte productiekosten meegerekend.

Vorderingen en schulden

De vorderingen en schulden worden tegen hun nominale waarde geboekt. Als ze in vreemde valuta zijn opgesteld, worden ze voor hun tegenwaarde in EURO tegen de koers van de dag van de aanschaffing geboekt. Op het einde van het boekjaar worden ze gewaardeerd tegen de laatste wisselkoers van het boekjaar. Wat de vorderingen betreft zijn de regels van waardevermindering vergelijkbaar met die voor effecten.

Geldbeleggingen

Onder deze rubriek worden de vorderingen in termijnrekeningen op kredietinstellingen en aangeschafte effecten volgens de marktopportuniteiten of een tijdelijke wederbelegging van overtollige liquide middelen geboekt.

Ze worden gewaardeerd tegen hun aanschaffingswaarde of de beurswaarde voor genoteerde effecten en tegen de geraamde waarde voor niet genoteerde effecten, indien deze laatste waarde lager is dan de eerstgenoemde.

Voorzieningen

Bij de aanleg van voorzieningen worden, naast de wettelijke ook de feitelijke verplichtingen ("constructive obligation") in aanmerking genomen. Feitelijke verplichtingen ontstaan uit de handelingen van de onderneming waarbij:

de onderneming aan andere partijen te kennen geeft, bepaalde verantwoordelijkheden te accepteren welke voortvloeien uit een patroon van in het verleden gevolgde gedragslijnen, gepubliceerde beleidsregels of een voldoende specifieke actuele verklaring - de onderneming als gevolg daarvan, bij die andere partijen een geldige verwachting heeft gewekt deze verantwoordelijkheden op te nemen.

De bedragen van de voorzieningen worden verdisconteerd.

Voorzieningen voor pensioenen

52/58

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F-cap 6.19

VALUATION RULES

De rustpensioenen die onder de verschillende verplichte pensioenregelingen verschuldigd zijn waaraan werkgevers en werknemers bijdragen, worden in het algemeen ten laste genomen door extern gespecialiseerde instellingen. De bijdragen die voor het boekjaar verschuldigd zijn, worden in het resultaat van die periode geboekt.

De aanvullende pensioenplannen die voor de betrokken ondernemingen verplichtingen scheppen, worden opgenomen in de voorzieningen die door actuariële methodes worden berekend op basis van de vermoedelijke vergoedingen op het einde van de loopbaan.

8. Financiële instrumenten

De onderneming gebruikt afgeleide financiële- en commoditeiteninstrumenten voornamelijk om de blootstelling aan negatieve schommelingen van wisselkoersen, metaalprijzen, rentevoeten en andere marktrisico's te beperken. De onderneming gebruikt voornamelijk contant- en termijncontracten om het metaal- en valutarisico in te dekken, en swapcontracten om het renterisico in te dekken. De transacties die verricht worden op de termijnmarkt zijn niet speculatief van aard.

Transactionele risico's

De afgeleide financiële en commoditeiteninstrumenten die tot doel hebben de reële waarde van de onderliggende ingedekte elementen te beschermen, worden initieel opgenomen tegen de transactiewaarde. Zowel de instrumenten als de ingedekte elementen worden nadien gewaardeerd aan de reële waarde op de balansdatum. Alle winsten en verliezen op de ingedekte posities worden onmiddellijk opgenomen in de resultatenrekening als bedrijfsresultaat, als ze betrekking hebben op basisproducten en als financiële resultaten als ze betrekking hebben op valuta's en rente. Op de niet-ingedekte posities worden enkel de verliezen opgenomen. Het principe van de marktwaarde-vergelijking is het berekenen van het verschil tussen de transactiekoers en de slotkoers, contant ten opzichte van contant of termijn ten opzichte van termijn, afhankelijk van de gebruikte transactiekoers.

Structurele risico's

Afgeleide financiële en commoditeiteninstrumenten die tot doel hebben toekomstige kasstromen te beschermen, worden niet opgenomen in het bedrijfsresultaat zolang de onderliggende kasstroom niet erkend is. Er worden geen marktwaarde-vergelijkings mechanismen toegepast -

N°. 0401.574.852

F-cap 6.20

OTHER INFORMATION TO DISCLOSE

Begin 2020 heeft het Federaal Agentschap voor Nucleaire Controle (FANC) richtlijnen uitgevaardigd voor de definitieve sanering en opslag van historisch radioactief materiaal gerelateerd aan Umicore's site in Olen (België). Er zijn gezamenlijke werkgroepen opgericht met overheidsinstellingen zoals NIRAS, OVAM en het FANC en Umicore om een plan op te stellen met de verschillende stappen die moeten worden genomen om tot een oplossing voor definitieve opslag te komen. De gezamenlijke werkgroepen zullen updates geven over de geschatte toekomstige sanerings- en opslagkosten en de specifieke bestaande milieuvoorzieningen. De voorziening zal worden aangepast op basis van veranderende omstandigheden en inzichten die worden verworven gedurende het project. Momenteel wordt verwacht dat het ontwikkelen en implementeren van dit uitvoerige stappenplan meerdere jaren in beslag zal nemen. Ondertussen zal Umicore de situatie blijven monitoren om te garanderen dat het afval geen risico vormt voor de werknemers op de site of voor de omwonende bevolking

54/58

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F-cap 10

SOCIAL BALANCE SHEET

Numbers of the joint industrial committees competent for the company: 105 224

STATEMENT OF THE PERSONS EMPLOYED

EMPLOYEES FOR WHOM THE COMPANY SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER

During the period

Average number of employees

Full-time

Part-time

Total in full-time equivalents (FTE)

Number of actual hours worked

Full-time

Part-time

Total

Personnel costs

Full-time

Part-time

Total

Benefits in addition to wages

Codes	Total	1. Men	2. Women
1001	2.855,0	2.380,5	474,5
1002	447,0	288,0	159,0
1003	3.209,0	2.609,0	600,0
1011	3.982.467	3.308.004	674.463
1012	463.105	292.115	170.990
1013	4.445.572	3.600.119	845.453
1021	364.187.014,28	294.653.915,17	69.533.099,11
1022	42.231.075,88	26.613.327,24	15.617.748,64
1023	406.418.090,16	321.267.242,41	85.150.847,75
1033	0,00	0,00	0,00

During the preceding period

Average number of employees in FTE

Number of actual hours worked

Personnel costs

Benefits in addition to wages

Codes	P. Total	1P. Men	2P. Women
1003	3.322,9	2.684,8	638,1
1013	4.743.736	3.802.784	940.952
1023	404.153.040,66	322.835.761,40	81.317.279,26
1033

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F-cap 10

EMPLOYEES FOR WHOM THE COMPANY SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER (continuation)

At the closing date of the period

Number of employees

By nature of the employment contract

Contract for an indefinite period

Contract for a definite period

Contract for the execution of a specifically assigned work

Replacement contract

According to gender and study level

Men

primary education

secondary education

higher non-university education

university education

Women

primary education

secondary education

higher non-university education

university education

By professional category

Management staff

Salaried employees

Hourly employees

Other

Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
105	2.813	437	3.160,1
110	2.810	437	3.157,1
111	3	0	3,0
112	0	0	0,0
113	0	0	0,0
120	2.355	283	2.579,6
1200	261	53	303,0
1201	1.300	160	1.426,3
1202	275	34	301,8
1203	519	36	548,5
121	458	154	580,5
1210	4	1	4,8
1211	53	27	74,3
1212	139	82	203,1
1213	262	44	298,3
130	57	1	57,9
134	1.521	272	1.737,5
132	1.235	164	1.364,7
133

HIRED TEMPORARY STAFF AND PERSONNEL PLACED AT THE DISPOSAL OF THE COMPANY

During the period

Average number of persons employed

Number of actual hours worked

Costs to the company

Codes	1. Hired temporary staff	2. Hired temporary staff and personnel placed at the company's disposal
150	7,6
151	16.629
152	846.879,28

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F-cap 10

LIST OF PERSONNEL MOVEMENTS DURING THE PERIOD

ENTRIES

Number of employees for whom the company submitted a DIMONA declaration or who have been recorded in the general personnel register during the period

By nature of the employment contract

Contract for an indefinite period

Contract for a definite period

Contract for the execution of a specifically assigned work

Replacement contract

DEPARTURES

Number of employees whose contract-termination date has been included in the DIMONA declaration or in the general personnel register during the period

By nature of the employment contract

Contract for an indefinite period

Contract for a definite period

Contract for the execution of a specifically assigned work

Replacement contract

By reason of termination of contract

Retirement

Unemployment with extra allowance from enterprise

Dismissal

Other reason

Of which: the number of persons who continue to render services to the company at least half-time on a self-employment basis

Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
205	170	3	172,4
210	145	3	147,4
211	25	0	25,0
212	0	0	0,0
213	0	0	0,0
Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
---	---	---	---
305	315	53	356,0
310	292	53	333,0
311	23	0	23,0
312	0	0	0,0
313	0	0	0,0
340	44	28	65,2
341	7	6	11,8
342	102	12	111,3
343	162	7	167,7
350	0	0	0,0

N°. 0401.574.852

F-cap 10

INFORMATION ON TRAINING PROVIDED TO EMPLOYEES DURING THE PERIOD

Total of initiatives of formal professional training at the expense of the employer

Number of employees involved

Number of actual training hours

Net costs for the company

of which gross costs directly linked to training

of which contributions paid and payments to collective funds

of which grants and other financial advantages received (to deduct)

Total of initiatives of less formal or informal professional training at the expense of the employer

Number of employees involved

Number of actual training hours

Net costs for the company

Total of initial initiatives of professional training at the expense of the employer

Number of employees involved

Number of actual training hours

Net costs for the company

Codes	Men	Codes	Women
5801	2.144	5811	604
5802	25.519	5812	7.627
5803	4.531.778,00	5813	1.418.731,00
58031	4.596.975,00	58131	1.450.377,00
58032	197.181,00	58132	46.767,00
58033	262.378,00	58133	78.413,00
5821	1.557	5831	666
5822	59.480	5832	19.818
5823	4.891.781,00	5833	1.795.862,00
5841	0	5851	0
5842	0	5852	0
5843	0,00	5853	0,00

AI assistant

Umicore — Annual Report 2025

4018_rns_2026-03-30_ceafeb5e-4699-43ce-84b8-092c8bbd6c65.pdf

ANNUAL ACCOUNTS AND OTHER DOCUMENTS TO BE FILED IN ACCORDANCE WITH THE BELGIAN COMPANIES AND ASSOCIATIONS CODE

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS AND DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS

ANNUAL ACCOUNTS

BALANCE SHEET AFTER APPROPRIATION

APPROPRIATION ACCOUNT

Profit (Loss) to be appropriated

Transfers from equity

Appropriations to equity

Profit (loss) to be carried forward

Shareholders' contribution in respect of losses

Profit to be distributed

NOTES ON THE ACCOUNTS

STATEMENT OF INTANGIBLE FIXED ASSETS

DEVELOPMENT COSTS

RESEARCH COSTS MADE IN A PERIOD THAT STARTED BEFORE 1 JANUARY 2016

RESEARCH COSTS MADE IN A PERIOD THAT STARTED AFTER 31 DECEMBER 2015

CONCESSIONS, PATENTS LICENSES, KNOW-HOW, BRANDS AND SIMILAR RIGHTS

GOODWILL

ADVANCE PAYMENTS

STATEMENT OF TANGIBLE FIXED ASSETS

LAND AND BUILDINGS

PLANT, MACHINERY AND EQUIPMENT

LEASING AND OTHER SIMILAR RIGHTS

OTHER TANGIBLE FIXED ASSETS

ASSETS UNDER CONSTRUCTION AND ADVANCE PAYMENTS

STATEMENT OF FINANCIAL FIXED ASSETS

AFFILIATED COMPANIES - PARTICIPATING INTERESTS AND SHARES

COMPANIES LINKED BY PARTICIPATING INTERESTS - PARTICIPATING INTERESTS AND SHARES

OTHER COMPANIES - PARTICIPATING INTERESTS AND SHARES

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES

CURRENT INVESTMENTS AND ACCRUALS AND DEFERRED INCOME

CURRENT INVESTMENTS - OTHER INVESTMENTS

ACCRUALS AND DEFERRED INCOME

STATEMENT OF CAPITAL AND SHAREHOLDERS' STURCTURE

STATEMENT OF CAPITAL

Capital

Unpaid capital

Own shares

Commitments to issuing shares

Authorised capital not issued

SHAREHOLDERS' STRUCTURE OF THE COMPANY AT YEAR-END CLOSING DATE

SHAREHOLDERS' STRUCTURE OF THE COMPANY AT YEAR-END CLOSING DATE

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

STATEMENT OF AMOUNTS PAYABLE AND ACCRUALS AND DEFERRED INCOME (LIABILITIES)

BREAKDOWN OF AMOUNTS PAYABLE WITH AN ORIGINAL TERM OF MORE THAN ONE YEAR, ACCORDING TO THEIR RESIDUAL MATURITY

Amounts payable with a remaining term of more than one year, yet less than 5 years

Amounts payable with a remaining term of more than 5 years

Amounts payable guaranteed by the Belgian government agencies

Amounts payable guaranteed by real securities given or irrevocably promised by the company on its own assets

TAXES, REMUNERATION AND SOCIAL SECURITY

Taxes (headings 450/3 and 178/9 of liabilities)

Remuneration and social security (headings 454/9 and 178/9 of liabilities)

ACCRUALS AND DEFERRED INCOME

OPERATING RESULTS

OPERATING INCOME

Net turnover

Other operating income

OPERATING CHARGES

Personnel costs

FINANCIAL RESULTS

RECURRING FINANCIAL INCOME

Other financial income

RECURRING FINANCIAL CHARGES

Depreciation of loan issue expenses

Capitalised interests

Depreciations on current assets

Other financial charges

Provisions of a financial nature

Allocation of other financial costs

INCOME AND CHARGES OF EXCEPTIONAL SIZE OR FREQUENCY

NON-RECURRING INCOME

Umicore Annual Report 2025