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Annual Report 2025
Annual Report 2025
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Annual Report 2025
  • Annual Report 2025
  • Half-Year Report 2025
  • Annual Report 2024
  • Half-Year Report 2024
  • Annual Report 2023
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  • Annual Report 2022
  • Half-Year Report 2022
  • Annual Report 2021
  • Half-Year Report 2021
  • Annual Report 2020
  • Half-Year Report 2020
  • Annual Report 2019
  • Half-Year Report 2019
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Table of contents for the Annual Report 2025 report

Operational review
Key FiguresPrecious Woods at a glanceTo our shareholdersHighlights in 2025Strategy and business model
VisionStrategy, business model and added valueMarket characteristicsMarket trends
Group results of Precious Woods Group
PW Group
Improved operating result in a challenging environmentRevenue development influenced by high transportation costStabilized cost base as a foundation for further developmentImproved EBITDA and EBITNon recurring item in financial and net resultStatement of financial positionCash flow and investmentsOutlook for 2026
PW AmazonPW GabonPW TradingPW Carbon & Energy
Precious Woods – Sustainability is our mission
Sustainability at the core of decision makingSustainability and climate change – risks and opportunitiesPrecious Woods climate impactRenewable energy from Precious WoodsComments, standards used, and links to the annual reportsCarbon account methodology
Corporate governance
1. Group structure and shareholders2. Capital structure3. Board of Directors4. Group Management5. Compensation, shareholdings, loans6. Shareholders’ rights of participation7. Changes of control and defense measures8. Auditor9. Information policy
Financial Report
Precious Woods Group financial statements
Consolidated statement of profit or lossConsolidated statement of comprehensive incomeConsolidated statement of financial positionConsolidated statement of changes in equityConsolidated statement of cash flowsNotes to the consolidated financial statements
1. Basis of presentation, consolidation and general accounting policies2. Financial risk management3. Financial information by segment4. Revenue from contracts with customers5. Consumables used and other production costs6. Personnel expenses7. Other operating income and expenses8. Depreciation, amortization and impairment9. Financial income and expenses10. Property, plant and equipment11. Biological assets12. Intangible assets and goodwill13. Investment in associates14. Non current loans and investments15. Inventories16. Prepaid expenses17. Trade and other receivables18. Trade and other payables19. Financial liabilities, other than trade and other payables20. Financial instruments by category and fair value hierarchy21. Leasing22. Share capital23. Major shareholders24. Earnings per share25. Related party balances and transactions26. Provisions27. Contingencies28. Income taxes29. Employee benefits30. Currency translation rates31. Basis of consolidation32. Subsequent events33. Approval of financial statements and dividends
Report of the statutory auditor on the consolidated financial statements
Precious Woods Holding Ltd financial statements
Balance sheetIncome statementNotes to the financial statements
Essential accounting and valuation principles1. General2. Statutory capital reserves and retained earnings3. Authorized capital band4. Conditional share capital5. Treasury shares6. Investments7. Board and Executive compensation8. Depreciation, amortization and impairment9. Pledged assets / other securities10. Full time equivalents11. Lease liabilities12. Liabilities to pension funds13. Significant events after balance sheet date
Proposal for the carry forward of the accumulated losses
Motion of Board of Directors
Report of the statutory auditor on the financial statements
Additional information
Contact addresses
Precious Woods in EuropePrecious Woods in BrazilPrecious Woods in Central Africa
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Consolidated statement of changes in equity

  Attributable to equity holders of Precious Woods Ltd    

in thousand EUR
  Share capital   Treasury shares   Additional
paid-in capital
  Revaluation
surplus on land
  Currency
translation
effects
  Retained earnings   Total   Non-controlling
interests
  Total equity
 
Balance 1 January 2024   5 731   –30   64 938   32 361   –587   –61 289   41 124   –9   41 115
Net profit/(loss) for the period   –   –   –   –   –   –4 827   –4 827   –46   –4 873
Other comprehensive income for the period   –   –   –   –   –8 291   298   –7 993   –   –7 993
Total comprehensive income for the period   –   –   –   –   –8 291   –4 529   –12 819   –46   –12 866
Proceeds from issue of shares   9 133   –   36 533   –   –   –   45 666   –   45 666
Costs of capital increase/transaction costs   –   –   –673   –   –   –   –673   –   –673
Change in consolidation scope - minorities 1               11   88   –105   –6   94   88
Balance 31 December 2024   14 864   –30   100 798   32 372   –8 789   –65 923   73 292   39   73 331
Net profit/(loss) for the period   –   –   –   –   –   –7 553   –7 553   –52   –7 605
Other comprehensive income for the period   –   –   –   –367   –511   801   –77   –   –77
Total comprehensive income for the period   –   –   –   –367   –511   –6 752   –7 630   –52   –7 682
Purchase of treasury shares   –   –51   –   –   –   –   –51   –   –51
Proceeds from issue of shares 2   –   –   –37 135   –   –   37 135   –   –   –
Costs of capital increase/transaction costs 2   –   –   371   –   –   –   371   –   371
Change in consolidation scope - disposal                   3 799   –1 263   2 536   –   2 536
Balance 31 December 2025   14 864   –81   64 035   32 005   –5 501   –36 804   68 518   –13   68 505
1 The merger of the subsidiaries CEB and TGI led to a re-allocation of equity from group to minorities.
2 Offsetting capital increase against retained earnings, with partial reversal of transaction costs
3 Merger sub-holding Luxembourg with Precious Woods Holding Ltd