Story perspectives

Philips Group Adjusts Financial Measures for Clarity

2/10/2026

Summary

Story summary

Philips Group notes non-IFRS measures should be viewed alongside IFRS measures for clarity.
Non-IFRS figures lack standardized definitions and may differ from others' measures.
All amounts are in millions of euros, with prior-year adjustments to align with current presentations.
Per-share calculations have been updated to reflect 2025 share dividends.
Uncertain tax liabilities have been reclassified from non-current to current as of September 30, 2025.

History

Historical Context

The European Union mandated the adoption of International Financial Reporting Standards (IFRS) for publicly traded companies starting in 2005, following a 2002 regulation. This shift aimed to enhance financial reporting consistency across member states, impacting firms like Philips Group. Today, the reliance on non-IFRS measures highlights ongoing challenges in achieving transparency and meeting investor expectations in a complex regulatory landscape.

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Story summary

Philips Group notes non-IFRS measures should be viewed alongside IFRS measures for clarity.
Non-IFRS figures lack standardized definitions and may differ from others' measures.
All amounts are in millions of euros, with prior-year adjustments to align with current presentations.
Per-share calculations have been updated to reflect 2025 share dividends.
Uncertain tax liabilities have been reclassified from non-current to current as of September 30, 2025.

1 / 2