8. Revenue from contracts with customers

Revenue from continuing operations recognized for the reporting period is as follows:

In the current fiscal year, the allocation of NORMA Group customers to the corresponding customer industries was revised. In order to ensure comparability, the previous year’s figures were adjusted in line with the new allocation. Reclassifications were made from the Mobility & New Energy segment to the Industry Applications segment in the amount of EUR 34,123 thousand. In addition, revenue from activities that were previously allocated to the Water Management business unit – which has been classified as discontinued – but that are not part of the disposal, was allocated to the IA division. This relates to revenue of EUR 16,689 thousand (2024: EUR 14,617 thousand). In addition, revenue of EUR 11,707 thousand (2024: EUR 16,144 thousand) between continuing operations and the discontinued operation was allocated to the IA division.

The following table shows the breakdown of revenue from contracts with customers, including revenue in connection with the discontinued operation. Revenue is broken down by category as follows:

Other revenue is mainly proceeds from the sale of no longer used production residues from metal production.

Revenue in 2025 includes the reversal of refund liabilities recognized in the previous period of EUR 887 thousand (2024: EUR 1,783 thousand). The reversals represent the difference between the recognized expected volume discounts and annual bonuses for customers in the previous period and the actual payment in the fiscal year as well as the differences from recognized deferred revenue from price negotiations with customers of NORMA Group that were not concluded in the previous year.

An analysis of revenue by region can be found in NOTE 30 – SEGMENT REPORTING.

Contract assets and liabilities

The contract assets are revenue from development services rendered, which were recognized based on the ratio of costs already incurred to the estimated total costs. The contract liabilities represent advance payments received for goods to be delivered by NORMA Group. Of the contract assets and liabilities, EUR 0 thousand and EUR 321 thousand (2024: EUR 381 thousand and EUR 854 thousand) are expected to be realized or fulfilled by the continuing operations within the next twelve months. The contract liabilities from advance payments received in the amount of EUR 854 thousand were recognized in the fiscal year as of January 1, 2025 as revenue less any sales taxes.