4.5Commitments and Contingent Liabilities

4.5.1Capital Commitments

As at December 31, 2025, capital expenditure for property, plant and equipment contracted for at the balance sheet date but not recognized in the Consolidated Financial Statements amounted to EUR 4.2m (2024: EUR 4.8m; 2023: EUR 2.6m).

4.5.2Contingent Liabilities

The Group has contingent liabilities arising in the ordinary course of business, principally in respect of legal claims, tax risks, guarantees, customer relationships, pledges, letters of credit and treasury relationships and transactions. It is not anticipated that any material liabilities will arise from such contingent liabilities other than those provided for in Note 3.10.