Consolidated statement of financial position

As at 31 December	Note	2025	2024
		€ million	€ million
Assets
Non-current assets
Goodwill	4.1	295.0	215.8
Other intangible assets	4.2	140.4	45.1
Property, plant and equipment	4.3	1,330.1	1,272.4
Right-of-use assets	4.4	1,811.6	1,721.7
Investments in associates and joint ventures	4.6	0.0	1.8
Deferred tax assets	3.9	86.2	82.7
Receivables	5.2	13.6	17.1
Total non-current assets		3,676.9	3,356.6

Current assets
Inventories	5.1	22.3	29.2
Income tax receivable	3.9	0.5	1.3
Trade and other receivables	5.2	94.7	96.4
Cash and cash equivalents	5.3	115.0	56.7
Total current assets		232.5	183.6










Total assets		3,909.4	3,540.2

As at 31 December	Note	2025	2024
		€ million	€ million
Equity
Share capital		4.0	4.0
Share premium		690.5	690.5
Reserves		22.0	50.2
Retained earnings		(317.7)	(333.2)
Equity attributable to equity holders of the parent		398.8	411.5
Non-controlling interests		(1.7)	-
Total equity	6.1	397.1	411.5

Liabilities
Non-current liabilities
Lease liabilities	4.4	1,632.9	1,557.0
Borrowings	6.3	932.6	993.2
Derivative financial instruments	6.5	1.8	4.8
Deferred tax liabilities	3.9	26.9	1.0
Provisions	7.1	2.3	2.6
Total non-current liabilities		2,596.5	2,558.6

Current liabilities
Trade and other payables	5.4	308.9	288.4
Lease liabilities	4.4	303.3	272.2
Borrowings	6.3	294.2	1.6
Current income tax liabilities	3.9	6.4	3.4
Derivative financial instruments	6.5	1.9	1.1
Provisions	7.1	1.1	3.4
Total current liabilities		915.8	570.1
Total liabilities		3,512.3	3,128.7
Total equity and liabilities		3,909.4	3,540.2

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