Plan’s assets and liabilities for which the pension fund bears the risk

The value of the scheme’s assets for which the pension fund bears the risk amounted to rounded €3,963 million at the end of Q1 2026. Compared to year-end 2025 (€3,964 million), this represents a decrease of €1 million.

The market value of the pension liabilities stood at €3,007 million at the end of Q1 2026. This represents an increase of €140 million compared to the fund’s position at the end of December 2025 (€2,867 million).

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