Annual Report 2025

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Lamine Yamal in a red Spain adidas jersey posing in a stadium. (Photo)

14 » Other Non-Current Financial Assets

Other non-current financial assets consist of the following:

Other non-current financial assets € in millions

 

 

Dec. 31, 2025

 

Dec. 31, 2024

Forward exchange contracts

 

3

 

12

Currency options

 

1

 

2

Security deposits

 

73

 

74

Earn-out components

 

87

 

97

Sundry

 

53

 

50

Other non-current financial assets

 

217

 

234

The decrease in earn-out components reflects the reclassification to current financial assets due to expected payments within the next 12 months, which are partially offset by an increase in fair value. These Notes contain further information about earn-out components. SEE NOTE 03 SEE NOTE 28