Net assets
The condensed consolidated statement of financial position as at June 30, 2025 showing non-current and current assets and liabilities together with equity is presented below:
in € million |
Jun. 30, 2025 |
in % |
Dec. 31, 2024 |
in % |
Change |
|---|---|---|---|---|---|
Non-current assets |
13,003.2 |
70.5% |
13,236.4 |
70.4% |
–1.8% |
Current assets |
5,428.2 |
29.5% |
5,569.0 |
29.6% |
–2.5% |
Total assets |
18,431.4 |
100.0% |
18,805.4 |
100.0% |
–2.0% |
Equity |
5,886.0 |
31.9% |
6,207.1 |
33.0% |
–5.2% |
Non-current liabilities |
6,969.3 |
37.8% |
7,088.1 |
37.7% |
–1.7% |
Current liabilities |
5,576.0 |
30.3% |
5,510.2 |
29.3% |
1.2% |
Total equity and liabilities |
18,431.4 |
100.0% |
18,805.4 |
100.0% |
–2.0% |
Totaling €13,003.2 million as at June 30, 2025, non-current assets were lower than at the end of 2024 (December 31, 2024: €13,236.4 million). The carrying amount of intangible assets declined to €5,499.1 million (December 31, 2024: €5,814.9 million). Most notably, the goodwill included in this figure contracted to €3,434.9 million owing to currency effects (December 31, 2024: €3,648.2 million). Compared with the end of 2024, there was an immaterial decrease in other property, plant and equipment to €1,947.8 million (December 31, 2024: €1,986.1 million). This total included right-of-use assets amounting to €699.8 million in relation to procurement leases (December 31, 2024: €707.3 million). Of this figure, €530.3 million was attributable to land and buildings (December 31, 2024: €536.4 million) and €169.4 million to plant & machinery and office furniture & equipment (December 31, 2024: €170.9 million).
Leased assets for direct and indirect leases with end customers that are classified as operating leases rose slightly to €1,659.9 million (December 31, 2024: €1,631.5 million). Furthermore, non-current and current lease receivables arising from leases with end customers that are classified as finance leases increased to a total of €2,974.9 million (December 31, 2024: €2,812.7 million), also for volume-related reasons. The rental assets of €765.5 million recognized for the short-term rental business in the statement of financial position as at June 30, 2025 were moderately lower than at the end of 2024 (December 31, 2024: €805.2 million).
Current assets totaled €5,428.2 million as at June 30, 2025 (December 31, 2024: €5,569.0 million). At €1,766.3 million, inventories were only slightly higher than at the end of last year (December 31, 2024: €1,748.6 million), primarily due to increased inventories of used trucks. Trade receivables fell to €1,608.7 million (December 31, 2024: €1,695.6 million). Contract assets, which mainly relate to the project business in the Supply Chain Solutions segment, also declined slightly to stand at €258.3 million (December 31, 2024: €278.1 million). At €1,716.9 million, the KION Group’s net working capital as at June 30, 2025 was a little lower than at the end of 2024 (December 31, 2024: €1,783.2 million).
Cash and cash equivalents decreased to €619.5 million as at June 30, 2025 (December 31, 2024: €787.0 million) owing to repayment of financial debt and the dividend payment to the shareholders of KION GROUP AG.