Selected notes to the consolidated statement of financial position

Goodwill and other intangible assets

The carrying amount of goodwill rose by €54.8 million to €3,505.8 million as at June 30, 2026 (December 31, 2025: €3,450.9 million) due to currency effects.

As at June 30, 2026, the carrying amounts for brand names and for technology and development assets stood at €939.0 million and €634.0 million respectively (December 31, 2025: €938.6 million and €640.4 million respectively).

At €429.6 million, sundry other intangible assets were €13.8 million lower than their carrying amount as at December 31, 2025 (€443.4 million). Of this total, €275.7 million related to customer relationships (December 31, 2025: €293.9 million).

Inventories

The reported inventories break down as follows:

Impairment losses of €10.3 million were recognized on inventories in the second quarter of 2026 (Q2 2025: €14.4 million) and impairment losses of €21.0 million in the first six months of 2026 (H1 2025: €32.1 million). Reversals of impairment losses were recognized in an amount of €2.2 million in the second quarter of 2026 (Q2 2025: €7.1 million) and in an amount of €6.7 million in the first six months of 2026 (H1 2025: €8.5 million) because the reasons for the impairment no longer applied.

Equity

As at June 30, 2026, the Company’s share capital amounted to €131.2 million, which was unchanged on December 31, 2025 and was fully paid up. It was divided into 131,198,647 no-par-value shares.

The total number of shares outstanding as at June 30, 2026 was 131,124,771 no-par-value shares (December 31, 2025: 131,124,771 no-par-value shares). KION GROUP AG held 73,876 treasury shares as at the reporting date (December 31, 2025: 73,876).

The distribution of a dividend of €0.62 per share (dividend distributed in H1 2025: €0.82 per share) to the shareholders of KION GROUP AG resulted in an outflow of funds of €81.3 million in the second quarter of 2026 (H1 2025: outflow of €107.5 million).

Retirement benefit obligation and similar obligations

Overall, the net obligation under defined benefit pension plans fell to €481.7 million (December 31, 2025: €527.5 million). The net obligation consisted of €562.1 million recognized under the retirement benefit obligation and similar obligations (December 31, 2025: €604.3 million) less a sum of €80.5 million (December 31, 2025: €76.9 million) recognized under other non-current assets. The decrease compared with the end of 2025 was largely due to special funding of €16.8 million provided in order to increase the funding ratio of the pension plans in Germany, but was also attributable to slightly higher discount rates. Changes to discount rates resulted in an overall increase in equity of €21.5 million (after deferred taxes) in the reporting period.

Liabilities from lease business

Non-current and current liabilities from the lease business totaled €4,540.1 million (December 31, 2025: €4,828.6 million) and could be broken down into a sum of €4,428.1 million (December 31, 2025: €4,714.6 million) that related to the financing of the direct lease business and a sum of €112.0 million (December 31, 2025: €114.0 million) that related to repurchase obligations resulting from the indirect lease business.

The reduction in liabilities from the lease business was attributable to the funds of €500.0 million from the corporate bond issued in March 2026, which were used to repay dedicated bank loans. This was countered to an extent by an increase in the financing volume resulting from the growth of the lease business. Further information on the corporate bond can be found under ‘Information on financial instruments’.

Liabilities from short-term rental business

Non-current and current liabilities from the short-term rental business totaled €774.7 million (December 31, 2025: €810.2 million) and related to the financing of industrial trucks for the short-term rental fleet.