1.48 Subsequent events
On 2 January 2026, Lias Industries B.V. acquired an additional 20% share in Proqraft Holding B.V. for a purchase price of €8.8 million, fully satisfied in cash. As a result of this transaction, Lias Industries B.V. has increased its share from 60% to 80%. As a result of this transaction the call option is fully the put option is expired by 50%, meaning that these options can no longer be fully exercised. Consequently, a put option relating to the remaining 20% of the shareholding remains. This acquisition is aimed at obtaining control over Proqraft Holding B.V., so that this company will be included in the consolidation from 2026. The fair value adjustments will be determined and recognised in 2026.
The management report as referred to in Part 9 of Book 2 of the Dutch Civil Code monitors the elements from the foreword to the historical summary inclusive. This version of the annual financial reporting of Hydratec Industries N.V. for the financial year ending on 31 December 2025 is not presented in the ESEF format as specified in the regulatory technical standards for ESEF (Delegated Regulation (EU) 2019/815). The set of ESEF reports can be downloaded at the download page.