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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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Sustainability at the core of decision-making

Precious Woods’ business model is based on nature-based resources and their sustainable management. Accordingly, sustainability and climate-related matters are embedded in the company’s governance and decision-making processes. Oversight of sustainability and climate-related risks and opportunities rests with the Board of Directors, which is appointed by shareholders and operates in accordance with the company’s Organizational Regulations. The board’s five members are informed about these matters at every board meeting. The board ensures that sustainability and climate-related considerations are integrated into all significant decisions, including the assessment of related risks and opportunities. In addition to constant oversight, the board compiles an annual risk assessment, in which 10 of 38 indicators address sustainability and climate change-related risks. The board is supported by a co-CEO with dedicated responsibility for sustainability and climate-related matters. This role includes oversight of designated sustainability teams in Brazil and Gabon, which are responsible for implementing sustainability initiatives and monitoring local developments.

Key social figures 2025 (2024)

DP_KF_employees

Number of employees total (yearly-Ø): 1 091 (1 027)

DP_KF_women

Women in %: 7.2% (7.6%)

DP_KF_accidents

Accidents at work: 84 (88)

DP_KF_men

Men in %: 92.8% (92.4%)

DP_KF_fluctuation

Fluctuation in %: 4.9% (5.9%)

IFRS S2-RR-FM-160a.1, a.2 and a.3

IFRS S2 – FM-000.A

IFRS S2 – CG-BF-000.B

Forest area

    Area
in ha 1
  Area
in %
  FSC   PEFC
Brazil                
Total forest area   466 897   100.0%   66.3%   66.3%
whereof own land   394 100   84.4%   78.6%   78.6%
whereof public concessions   12 797   2.7%   100.0%   100.0%
whereof private concessions   60 000   12.9%   0.0%   0.0%
Conservation & community area   64 179   13.7%        
whereof conservation (other than water)   22 226   4.7%        
whereof watershed protection   32 516   7.0%        
whereof community area   9 437   2.0%        
Gabon                
Total forest area   601 515   100.0%   100.0%   92.2%
whereof public concessions held by Precious Woods 2   596 823   99.2%   100.0%   100.0%
whereof public concessions held by third parties   4 692   0.8%   100.0%   0.0%
Conservation & community area   55 383   9.2%        
whereof conservation (other than water)   47 526   7.9%        
whereof watershed protection   4 230   0.7%        
whereof community area   3 627   0.6%        
Precious Woods                
Total forest area   1 068 412   100.0%   85.3%   84.8%
whereof own land   394 100   36.9%   78.6%   78.6%
whereof public concessions held by Precious Woods   609 620   57.1%   100.0%   100.0%
whereof public concessions held by third parties   4 692   0.4%   100.0%   0.0%
whereof private concessions   60 000   5.6%   0.0%   0.0%
Conservation & community area   119 562   11.2%        
whereof conservation (other than water)   69 752   6.5%        
whereof watershed protection   36 746   3.5%        
whereof community area   13 064   1.2%        
1 Our production facilities, workshops, and offices cover approximately 9.2 ha.
2 117 233 ha of public concessions in Brazil were returned to the state as there were no plans for sustainable forest management in the medium term.

IFRS S1 - 29

IFRS S1 – 30 (a) and (b)

IFRS S1 – 32

IFRS S1 – 33

IFRS S1 – 34

IFRS S1 – 35

IFRS S1 – 40

IFRS S1 – 41

IFRS S1 – 78

IFRS S2 - 9

IFRS S2 – 10

IFRS S2 – 13

IFRS S2 – 14

IFRS S2 – 15

IFRS S2 – 16

IFRS S2 – 21

IFRS S 2 – 29(b) to (e)

IFRS S2 – B17

IFRS S2 – RR-FM-450a.1