Notes

1. Information on the principles applied in the annual financial statement

These annual financial statements were prepared in accordance with the principles of the Swiss Law on Accounting and Financial Reporting (32nd title of the Swiss Code of Obligations (CO)).

2. Full-time equivalents

The annual average number of full-time equivalent employees for the reporting period, as well as the previous year, is between 50 and 250.

3. Participations

The overview here provides a breakdown of the participations held directly or indirectly by Vetropack Holding Ltd.

In 2025, contributions were made to the reserves at Vetropack Austria Holding AG in the amount of EUR 45.0 million (CHF 42.1 million) and at Vetropack Italia S.r.l. in the amount of EUR 15.0 million (CHF 14.0 million).

In 2024, contributions were made to the reserves at Vetropack Austria Holding AG in the amount of EUR 45.0 million (CHF 44.0 million) and at Vetropack Italia S.r.l. in the amount of EUR 15.0 million (CHF 14.9 million).

4. Short-term interest-bearing financial liabilities

On the reporting date there are short-term interest-bearing financial liabilities to Raiffeisen Bank International AG, Vienna in the amount of CHF 34.0 million (2024: CHF 8.0 million).

5. Impairment participations

An impairment loss of CHF 30 million on an investment was recognized during the reporting period in accordance with the requirements of the Swiss Code of Obligations. The carrying amount was adjusted to its recoverable value and the impairment was recorded within operating expenses. In previous year no impairment loss was recognised.

6. Off-balance-sheet transactions

As at 31 December 2025, Vetropack Holding Ltd had open currency swaps in the amount of EUR 70.0 million (CHF 65.7 million) with a negative market value of CHF 0.5 million.

As at 31 December 2024, Vetropack Holding Ltd had open currency swaps in the amount of EUR 70.0 million (CHF 66.0 million) with a positive market value of CHF 1.2 million.

As of 31 December 2025, there were unrecognised leasing obligations in the amount of CHF 0.3 million (2024: CHF 0.3 million). CHF 0.2 million (2024: CHF 0.2 million) is due within 1 to 2 years, and CHF 0.1 million (2024: CHF 0.1 million) is due within 3 to 5 years.

7. Total amount of securities provided for third-party liabilities

8. Joint liability

In the framework of VAT group taxation, all affiliated Swiss companies within the Vetropack Group are jointly and severally liable for total debt owed to the federal tax authorities.

9. Contingent liabilities

The Vetropack Group operates a cash pooling system for which Vetropack Holding Ltd performs the function of pool master. As a result of the cash pooling agreements with the banks, the pool master has a liability for possible negative balances in the participating pool accounts.