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 \n17 Corporate bodies  \n18 Group Organisational Chart  \n21 The Technogym Brand  \n31 Wellness® and Healthness™  \n32 Mission, vision and strategy  \n33 Business model  \n53 Events, references and partnerships  \n55 Technogym Village  \n57 Technogym and the stock markets  \nPerformance,  \nrisk factors  \nand outlook  \n64 Introduction  \n65 Macroeconomic scenario, currency market and industry scenario  \n68 Comments on the Group’s economic and financial results  \n74 Comments on the economic and financial results of the Parent Company Technogym S.p.A. (TG S.p.A.)  \n76 Risk factors  \n81 Investments and acquisitions  \n84 Related party transactions  \n85 Significant events  \nafter the reporting period  \n86 Outlook  \nConsolidated  \nsustainability  \nreport  \n91 General information  \n131 Environment  \n133 Climate change  \n145 Pollution  \n150 Water resources  \n153 Biodiversity  \n156 Resource use  \nand the circular economy  \n169 European taxonomy pursuant to EU Regulation 2020/852  \n179 Social  \n181 Own workforce  \n211 Workers in the value chain  \n216 Stakeholder communities  \n230 Consumers and end users:  \nCustomer first: centricity  \nand caring experience  \n238 Consumers and end users:  \nExcellent, innovative, safe,  \nhigh-performance design solutions  \n250 Consumers and end users:  \nData protection and cybersecurity  \n257 Governance  \n259 Business conduct  \n271 Appendix  \n289 Report of the independent auditors  \n2  \nConsolidated  \nfinancial statements  \n31.12.2025  \nTechnogym Group consolidated  \nfinancial statements  \n296 Consolidated statement of financial position  \n298 Consolidated income statement  \n299 Consolidated statement of comprehensive income  \n300 Consolidated cash flow statement  \n302 Statement of changes in consolidated shareholders’ equity  \nNotes to the consolidated financial statements  \n307 General information  \n308 Summary of accounting standards  \n333 Estimates and assumptions  \n336 Notes on the  \nstatement of financial position  \n364 Notes to the income statement  \n373 Net financial position  \n375 Risk factors  \n384 Related party transactions  \n386 Remuneration of directorsand key management  \n387 Contingent liabilities  \n388 Commitments and guarantees  \n389 Non-recurring events and transactions  \n390 Significant events  \nafter the reporting period  \n392 Certification of the  \nTechnogym Group financial statements  \n393 Report of the  \nindependent auditors  \n3  \nSeparate  \nfinancial statements  \n31.12.2025  \nTechnogym S. p.A .  \nfinancial statements  \n402 Statement of financial position  \n404 Income statement  \n405 Statement of comprehensive income  \n406 Cash flow statement  \n408 Statement of change in equity  \nNotes to the  \nfinancial statements  \n413 General information  \n414 Summary of accounting standards  \n420 Estimates and assumptions  \n425 Notes to the statement of financial position  \n469 Notes to the income statement  \n471 Revenues  \n484 Net financial position  \n485 Risk factors  \n494 Related party transactions  \n500 Remuneration of directorsand key management  \n501 Contingent liabilities  \n502 Commitments and guarantees  \n503 Non-recurring events and transactions  \n504 Significant events  \nafter the reporting period  \n506 Proposal for approval  \nof the financial statements and allocation of profit for the 2025 financial year  \n509 Certification of the Technogym S.p.A.  \nfinancial statements  \n511 Report of the board of statutory auditors  \n525 Report of the independent auditors  \n532 Corporate data  \n 1","cbCairAviFCdpiP1","https://ap.wps.com/l/cbCairAviFCdpiP1","pdf",11764141,534,"English","# Board of Directors’ Report\n## Contents\n# Consolidated financial statements\n## Technogym Group consolidated financial statements\n# Separate financial statements\n## Technogym S.p.A. financial statements\n# Consolidated sustainability report\n## General information\n## Environment\n## Governance\n## Appendix\n# Report of the independent auditors","[{\"question\":\"What main sections are included in the Annual Report 2025?\",\"answer\":\"The report contains Board of Directors’ Report, Consolidated financial statements, Separate financial statements, and a Consolidated sustainability report, along with related auditor and certification reports.\"},{\"question\":\"What topics are covered within the consolidated sustainability report?\",\"answer\":\"It covers environment-related areas such as climate change, pollution, water resources, biodiversity, resource use and the circular economy, as well as European taxonomy, social topics, governance, and business conduct.\"},{\"question\":\"How are the financial statements presented in the document?\",\"answer\":\"It provides Technogym Group consolidated financial statements and Technogym S.p.A. separate financial statements, each including core statements and extensive notes, risk factors, related party transactions, and certification and auditor reporting.\"}]","Annual Report - 2025 | PDF",1791900259,187]