Consolidated statement of changes in shareholders’ equity

as of 31 December 2025

T088 Consolidated statement of changes in shareholders’ equity
Neutral reserves
in €m Issued
capital
Capital
reserve
Market
valuations of financial
instruments
Currency
differences
Revaluation
reserve
(due to
business combinations)
Other neutral reserves Total neutral reserves Retained
earnings
Equity attributable to shareholders of Deutsche Lufthansa AG Minority
interests
Total
shareholders' equity
As of 31 Dec 2023 3,063 258 560 1,009 236 346 2,151 4,187 9,659 50 9,709
Group/minority net result 1,380 1,380 13 1,393
Other expenses and income recognised directly in equity 746 35 14 795 246 1,041 2 1,043
Total comprehensive income for the period 746 35 14 795 1,626 2,421 15 2,436
Employee share programmes 8 8 8 8
Reclassification of cumulative gains/losses resulting from the disposal of financial assets and liabilities measured at fair value without effect on profit or loss ⁠-⁠23 ⁠-⁠23 23
Hedging results reclassified from non-financial assets to acquisition costs ⁠-⁠199 ⁠-⁠199 ⁠-⁠199 ⁠-⁠199
Capital increases/reductions 5 7 12 12
Dividends to Lufthansa shareholders / minority interests ⁠-⁠359 ⁠-⁠359 ⁠-⁠13 ⁠-⁠372
As of 31 Dec 2024 3,068 265 1,084 1,044 236 368 2,732 5,477 11,542 52 11,594
Consolidated net profit/loss / net profit/loss attributable to minority interests 1,339 1,339 24 1,363
Other comprehensive income ⁠-⁠1,032 ⁠-⁠115 ⁠-⁠33 ⁠-⁠1,180 181 ⁠-⁠999 ⁠-⁠5 ⁠-⁠1,004
Total comprehensive income for the period ⁠-⁠1,032 ⁠-⁠115 ⁠-⁠33 ⁠-⁠1,180 1,520 340 19 359
Employee share programmes 8 8 8 8
Reclassification of cumulative gains/losses resulting from the disposal of financial assets and liabilities measured at fair value without effect on profit or loss 85 85 ⁠-⁠85
Hedging results reclassified from non-financial assets to acquisition costs 112 112 112 112
Capital increases/reductions 2 4 6 6
Dividends to Lufthansa shareholders/minority interests ⁠-⁠359 ⁠-⁠359 ⁠-⁠9 ⁠-⁠368
As of 31 Dec 2025 3,070 269 249 929 236 343 1,757 6,553 11,649 62 11,711