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Annual Report 2025
Annual Report 2025
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Annual Report 2025
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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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26. Provisions

            2025   2024
in thousand EUR   Legal claims   Others   Total   Total
 
Current provisions   –   731   731   –
Non-current provisions   487   581   1 068   893
Total provisions   487   1 312   1 799   893
 
At 1 January   280   613   893   1 343
Additions   109   896   1 005   342
Unused amounts reversed   –42   –2   –44   –23
Used during the year   –50   –   –50   –633
Reclassifications   191   –191   –   –
Currency effects   –1   –4   –5   –136
At 31 December   487   1 312   1 799   893

Legal claims

The amount of EUR 0.5 million represents a provision for certain legal claims brought against the Group by different stakeholders. In the directors’ opinion, after taking appropriate legal advice, the outcome of these legal claims will not give rise to any significant losses beyond the amounts provided for as on 31 December 2025 (2024: EUR 0.3 million).

Others

The total amount of EUR 1.3 million for other current and non-current provisions includes amounts for tax fees of EUR 0.2 million (2024: EUR 0.1 million) and for other provisions of EUR 1.1 million (2024: EUR 0.3 million).

Accounting policies

When the Group expects some or all of a provision to be reimbursed, for example under an insurance contract, the reimbursement is recognized as a separate asset, but only when the reimbursement is virtually certain. The expense relating to a provision is presented in profit or loss net of any reimbursement.