Net Assets

WACKER’s total assets amounted to €8.37 billion as of December 31, 2025, after €9.41 billion as of December 31, 2024, down by €1.04 billion or 11.0 percent. The biggest changes are linked to a drop in investments in joint ventures and associates accounted for using the equity method and inventories. On the liabilities side, financing liabilities rose due to refinancing, whereas there was a decline in provisions for pensions due to higher discount rates. Group equity was reduced by the negative net result and currency-translation losses. By contrast, actuarial gains and changes in the market value of derivative financial instruments had a positive impact on equity.

Asset and capital structure