20. Leases

(i) Right-of-use assets – Leasing

NORMA Group has significant leases for the rental of land and buildings. In addition, the Group maintains leases for various company cars and technical equipment under non-cancellable lease agreements. Besides the usual extension options, the leases include, to a minor extent, purchase and termination options that are not taken into account. The lease terms per asset class are as follows:

•Rights of use – land and buildings: 2 months to 78 years

•Rights of use – machinery and technical equipment: 1 to 5 years

•Rights of use – forklift trucks and warehouse equipment: 1 to 11 years

•Rights of use – office and IT equipment: 1 to 10 years

•Rights of use – vehicles: 1-7 years

The Group’s leases generally do not contain credit terms.

(ii) Recognition exemptions

NORMA Group has made use of accounting options for short-term leases (minimum term of no more than twelve months if no purchase option has been agreed) as well as for low-value assets as the lessee and has not recognized these as a right-of-use/lease liability but rather as a current expense – with the exception of leased assets attributable to the asset class ‘Right-of-use assets – land and buildings’. Furthermore, lessees are granted an accounting option not to separate leasing and non-leasing components, which NORMA Group has made use of, except for the ‘Right-of-use assets – land and buildings’ and ‘Right-of-use assets – vehicles’ asset classes.

(iii) Extension and termination options

A number of NORMA Group’s real estate leases contain extension options. Termination options are included to a small extent in the area of real estate leasing. Such contract terms are used to give the Group operational flexibility

with regard to the contract portfolio. The majority of the existing extension and termination options can only be exercised by the Group and not by the respective lessor.

As of December 31, 2025, potential additional cash outflows from extension options in the amount of EUR 14,642 thousand (Dec. 31, 2024: EUR 26,185 thousand) were not included in the lease liability as it is not reasonably certain that the leases will be extended. As of December 31, 2025 and 2024, there were no possible reduced cash outflows from termination options.

Changes in estimates of the term and amount of expected lease payments (index-based payments) resulted in increases in the right-of-use assets and lease liabilities of EUR 108 thousand. In addition, there were reductions of EUR 2 thousand due to changes in the estimates of right-of-use assets and lease liabilities.

(iv) Amounts recognized in the Statement of Financial Position

The following items related to leases are shown in the Statement of Financial Position:

The maturities of the nominal values and the carrying amounts of the lease liabilities are as follows:

(v) Amounts recognized in the income statement

The following amounts relating to leases are recognized in the income statement:

(vi) Amounts recognized in the Statement of Cash Flows

The Statement of Cash Flows includes a total of EUR 16,230 thousand for payments from leases (2024: EUR 16,533thousand). Of these, payments in the amount of EUR 15,049 thousand were recognized under cash outflow/cash inflow from financing activities (2024: EUR 14,235 thousand) and payments in the amount of EUR 1,181 thousand under cash inflow from operating activities (2024: EUR 2,298 thousand).