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9-MONTH REPORT 2025
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 2
Key figures at a glance
2023
2024
9M/2024
9M/2025
Revenue
EUR thousand
73,172
95,029
47,890
70,899
Total operating
revenue
EUR thousand
81,100
102,435
57,895
72,699
EBIT
EUR thousand
3,952
4,845
-1,270
2,357
EBIT margin
(in relation to
total operating
revenue
in %
4.9
4.7
-2.2
3.2
Consolidated net
profit/loss
EUR thousand
5,228
7,192
-1,064
179
Equity
EUR thousand
86,712
118,179
85,655
111,621
Equity ratio
in %
69
66
67
74
FTE (full-time em-
ployees)
on
balance sheet
date
411
549
397
541
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 3
Contents
Information on the share …………………………………………………………………..04
Foreword by the Managing Board .........................................................................06
Management report (unaudited) ........................................................................... 07
Business performance .......................................................................................... 07
Economic report .................................................................................................... 10
Supplementary report ........................................................................................... 11
Forecast report ..................................................................................................... 12
IFRS three-month financial statements (unaudited) ........................................... 14
Consolidated balance sheet …………………………………………………………... 14
Consolidated statement of comprehensive income ………………………………… 16
Consolidated cash flow statement …………………………………………………….18
Selected disclosures in the notes ......................................................................... 19
Segment report ...................................................................................................... 20
Imprint ..................................................................................................................... 21
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 4
Information on the share
Share price performance
Key share data 9M 2025
German Securities identification number
(WKN) / ISIN
A3DRAE / DE000A3DRAE2
Ticker symbol
S188
Trading segment
Regulated market (Prime Standard),
Frankfurt Stock Exchange
Number of shares incl. 49,477 treasury
shares
5,521,456
Closing price (30/09/2025)*
EUR 7.85
Highest/lowest price* in Q3/2025
EUR 9.10 / EUR 6.15
Share price performance (LTM on
30/09/2025)
-6.6 %
Share price performance SDAX (LTM on
30/09/2025)
+20.0 %
Price performance peer group portfolio
(LTM on 30/09/2025)
+21.9 %
Market capitalization, excluding treasury
shares (30/09/2025)
EUR 43.0 million
* Closing prices Xetra trading system of Deutsche Börse AG
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 5
Shareholder structure
The voting rights notifications received by the company in accordance with the German Secu-
rities Trading Act (WpHG) as well as public announcements resulted in the following share-
holder structure as of 30 September 2025:
Financial calendar
31/12/2025
End of the financial year
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 6
Foreword by the Managing Board
Dear Sir or Madam, dear shareholders,
In the third quarter of 2025, we continued to advance our strategic initiatives in the international
mining markets. Due to the persistently difficult market conditions and the very subdued will-
ingness to invest, however, their positive effects have so far only been felt to a limited extent.
In the first nine months of 2025, the SMT Scharf Group generated revenue of EUR 70.9 million
and an operating result (EBIT) of EUR 2.4 million. Posting these figures, we were able to sig-
nificantly lift sales and EBIT compared to the same period of the previous year, primarily due
to the full consolidation of the joint venture company Shandong Xinsha Monorail Co. Ltd. The
strong growth in the tunnel logistics segment proved another driver, where turnover more than
doubled compared to the prior year due to the large-scale project in the Middle East.
Demand for mining equipment also remained very subdued in the third quarter. Sagging prices
and overcapacities on the global commodity markets are putting many producers under pres-
sure, while trade tensions and sanctions are further burdening and complicating the framework
conditions. In addition, economic dynamics in China, our most important sales market, have
slowed. These factors are having a negative impact on SMT Scharf's business.
We are convinced that our strategy of focusing on operational excellence, organic growth and
the targeted examination of external growth options is the right way to remain successful –
also in a challenging market environment. Coal mining will remain an important business area
for SMT Scharf over the coming years. In this area too, we are perceiving that customer needs
are changing noticeably as a result of technological developments and sustainability require-
ments. We are focusing our product development activities on these shifts and trends in order
to further strengthen our positioning.
One particular focus is on the development of emission-free, sustainable transportation equip-
ment for the traditional mining market. In this context, we have developed a battery-powered
overhead monorail system for underground mines in firedamp-prone environments for Poland
and other markets, with the aim of also achieving approval for the European market in the
short term after China. This reflects our aspiration to systematically transform technological
innovations into marketable products in a targeted manner, thereby setting new standards in
the mining sector.
Based on the development in the first nine months of 2025, we are confirming the forecast
issued at the end of August for the full year of 2025. Consolidated revenue is expected to be
between EUR 100 and 120 million, with EBIT between EUR 0.5 and 2.5 million. The key focus
remains on expanding the market position, increasing efficiency and consistently optimizing
costs in order to be in the best possible position for a recovery in 2026.
We would like to take this opportunity to thank our employees for their tremendous commit-
ment. We would also like to thank all investors, business partners and customers for the trust
they have placed in us. Let us join forces and drive SMT Scharf's development forward to-
gether.
With best regards
Longjiao Wang Volker Weiss Reinhard Reinartz
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 7
Management report (unaudited)
Business performance
In the first nine months of the 2025 fiscal year, the SMT Scharf Group generated consolidated
revenue of EUR 70.9 million. This corresponds to a significant year-on-year increase of 48.0
% (9M/2024: EUR 47.9 million). The increase in revenue was largely attributable to the full
consolidation of the joint venture company Shandong Xinsha Monorail Co., Ltd ("Xinsha"). The
successful progress of order processing in the Tunnel Logistics segment also contributed to
the positive revenue trend. In the third quarter of 2025, however, it was fundamentally evident
that demand in the coal mining markets that are particularly relevant for SMT Scharf is bur-
dened by the high level of uncertainty in view of the smouldering trade conflicts and numerous
geopolitical trouble spots. This hampers and burdens the SMT Scharf Group's business activ-
ities in its international core markets accordingly.
In the first nine months of the current financial year the result from operating activities (EBIT)
amounted to EUR 2.4 million (9M/2024: EUR -1.3 million). The increase in earnings compared
to the same quarter of the previous year is mainly due to the increase in sales revenue, driven
among other things by the significant revenue growth in the Tunnel Logistics segment, and the
full consolidation of Xinsha.
Revenue by type of business
In the new systems business, SMT Scharf lifted its revenue to EUR 32.2 million in the first nine
months of 2025, compared with EUR 21.1 million in the prior-year period. Sales in the service
business also advanced significantly to EUR 9.1 million (9M/2024: EUR 5.7 million), while
sales of spare parts trended upwards year-on-year to EUR 29.5 million (9M/2024:
EUR 21.0 million).
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 8
Revenue share by product
In terms of products, at EUR 62.6 million (9M/2024: EUR 41.2 million), the main share of Group
revenue in the first nine months of 2025 was generated by the rail systems product category.
The sales increase in this product category amounted to 51.9%. Sales in the chairlift category
were also up significantly from EUR 4.1 million in the same period of the previous year to EUR
5.5 million. In addition, the rubber-tyred vehicles category contributed EUR 1.3 million
(9M/2024: EUR 1.2 million) and Other Products EUR 1.5 million (9M/2024: EUR 1.4 million) to
sales.
Revenue share by region
With a view to the international core markets, SMT Scharf significantly lifted its revenue in the
China sales market to EUR 34.1 million in the first nine months of 2025 compared with the
same period of the previous year due to the full consolidation of Xinsha (9M/2024:
EUR 14.0 million). Consequently, China remains the most important sales market, accounting
for 48.1% of total sales. In Poland, SMT Scharf recorded year-on-year revenue growth to EUR
9.9 million (9M/2024: EUR 8.9 million). Against the backdrop of ongoing sanctions, revenue in
Russia fell significantly by 44.9% from EUR 8.9 million in the same period of the previous year
to EUR 4.9 million. In addition, revenue in the Africa region fell to EUR 5.7 million in the first
nine months of 2025 (9M/2024: EUR 5.9 million) and in the Americas region to EUR 0.8 million
(9M/2024: EUR 1.1 million). In Germany, however, SMT Scharf generated significantly higher
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 9
revenue of EUR 3.5 million, compared with EUR 2.2 million in the prior-year period. In the
other markets bracket, SMT Scharf recorded a significant increase in revenue to EUR 12.0
million (9M/2024: EUR 6.9 million).
Revenue share by segment
Broken down by segment, SMT Scharf boosted revenue in the Coal Mining segment to EUR
51.3 million in the first nine months of 2025 (9M/2024: EUR 34.9 million), which consequently
continued to account for the largest share of total sales with 72.4 % (9M/2024: 72.7 %). In the
Mineral Mining segment, revenues amounted to EUR 6.5 million (9M/2024: EUR 7.0 million),
corresponding to a 9.2% share of total revenue (9M/2024: 14.6 %). In addition, SMT Scharf
significantly boosted its revenue in the Tunnel Logistics segment to EUR 11.6 million in the
first nine months of the current year (9M/2024: EUR 4.4 million). This corresponds to a 16.4 %
share of total revenue (9M/2024: 9.2 %). In addition, the "Other Industries" segment recorded
sales of EUR 1.5 million (9M/2024: EUR 1.7 million) and accounted for 2.1 % of consolidated
sales (9M/2024: 3.5 %).
Incoming orders in the first nine months of 2025 amounted to EUR 61.7 million and were there-
fore below the previous year's figure (9M/2024: EUR 73.6 million) due to a very subdued will-
ingness to invest in the mining equipment market, which had reached an extraordinarily high
level in the same period of the previous year attributable to the orders received in the Tunnel
Logistics segment. The order backlog amounted to EUR 21.7 million as of 30 September 2025,
a decrease of EUR 26.6 million compared to the previous year's reporting date (30 September
2024: EUR 48.3 million).
As of 30 September 2025, the number of full-time employees (FTE) stood at 541 members of
staff (30/09/2024: 397 FTEs). The sharp increase in the number of employees compared to
the same period last year is due to the consolidation of Xinsha.
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 10
Economic and business report
Consolidated revenue
•
Consolidated revenue was up by 6.7 % year-on-year to EUR 20.8 million in the third quarter
of 2025, with the SMT Scharf Group generating revenue of EUR 70.9 million in the nine-
month period. This was 48.0% higher than the previous year's figure.
•
Rolling consolidated revenue for the last twelve months up to the reporting date of 30 Sep-
tember 2025 (LTM) amounted to EUR 118.0 million.
•
In both the new systems business and the spare parts and service business, the full con-
solidation of Xinsha in particular resulted in significant sales growth, although investment
reticence in the core markets had a negative impact on business development.
Operating result (EBIT)
•
As in the previous year, EBIT amounted to EUR -0.5 million in the third quarter of 2025
and EUR 2.4 million after nine months (9M/2024: EUR -1.3 million). In addition to the full
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 11
consolidation of Xinsha, the significant growth in turnover in the Tunnel Logistics segment
contributed significantly to the gains in earnings in the nine-month period.
•
The EBIT margin (in relation to operating performance) was recorded at -2.8% in the third
quarter of 2025 (Q3/2024: -2.6 %), while reaching 3.2 % after nine months of 2025
(9M/2024: -2.2 %).
•
The rolling EBIT for the last twelve months up to the reporting date of 30 September 2025
(LTM) amounted to EUR 8.5 million.
New order intake
•
In view of investment reticence prevailing in the market for mining equipment, at EUR 21.8
million, incoming orders in the third quarter of 2025 were at a similarly subdued level as in
the previous year (Q3/2024: EUR 19.8 million). In the nine-month period, incoming orders
decreased by 16.2% year-on-year to EUR 61.7 million (9M/2024: EUR 73.6 million).
•
The order backlog as of 30 September 2025 amounted to EUR 21.7 million (30 September
2024: EUR 48.3 million).
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 12
Net working capital
•
Net working capital is defined as the sum of inventories, trade receivables and other assets
less current provisions, trade payables, current liabilities to banks and other liabilities and
advance payments as of the respective balance sheet date.
•
An average net working capital of EUR 101.4 million for the last twelve months up to the
reporting date on 30 September 2025 (LTM, calculated from quarterly figures) in relation
to the rolling Group revenue of EUR 118.0 million for the last twelve months up to the
reporting date (LTM) results in a net working capital intensity of 85.9%.
Supplementary report
No significant events with an impact on the SMT Scharf Group's further business performance
occurred after the 30 September 2025 balance sheet date.
Outlook
According to the International Monetary Fund (IMF), the global economy is robust despite the
pronounced economic policy uncertainty. With a look to 2025, the IMF forecasts stable global
economic growth of 3.0% compared to the previous year (3.3%). In particular, the shock
caused by the US tariff policy has so far been less severe than feared due to the announced
pauses and agreements. Looking ahead to 2026, the IMF expects the current bringing forward
of trade and investment to slow down and dampen economic activity somewhat. However,
other factors - including lower US tariffs than originally announced, better financing conditions
and fiscal stimulus in key economies – would offset this, meaning that a slight increase in
growth to 3.1% is forecast for the global economy.
Developments on the global commodities markets also continue to be shaped by geopolitical
conflicts and trade policy uncertainties, resulting in persistently volatile demand. With regard
to 2025, the International Energy Agency (IEA) expects a slight overall increase in global coal
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 13
demand despite regionally diverging demand, following a slight decline in the first half of the
year. At the same time, overcapacity and high stock levels are weighing on price trends, with
international thermal coal prices falling to their lowest level since 2021 in the first half of 2025,
subjecting the earnings situation of many producers to considerable pressure.
The International Monetary Fund anticipates the following GDP growth rates in SMT Scharf's
target markets:
GDP growth in the most important
sales markets for SMT Scharf AG* (in %)
2025e
2024
World
3.0
3.3
China
4.8
5.0
Poland
3.2
2.9
Russia
0.9
4.3
South Africa
1.0
0.5
*Source: IMF World Economic Outlook, July 2025
Despite continued high volatility in the market environment, SMT Scharf is convinced that the
company is fundamentally well positioned in the niche to implement customised transport and
logistics solutions for its customers worldwide. SMT Scharf is continuing to focus on its core
markets of China, Poland, South Africa and America. Viewed in the long term perspective, the
company believes that trends such as stricter regulation, for example with regard to emissions
standards, and the strong demand for innovative mining technology in modern mines will con-
tinue to ensure attractive growth prospects in these vital core markets.
The IMF is forecasting a slight slowdown in growth of 4.7% for China in 2025. The ongoing
real estate crisis, subdued domestic consumption and the high level of foreign trade uncer-
tainty vis-à-vis the USA comprise the main negative factors. On the other hand, moderate
inflation and support from economic policy measures and robust exports to markets outside
the USA are incurring positive effects. In contrast, economic growth is expected to pick up in
the key sales markets of Poland and South Africa in the current year. In the Russian market,
which is also relevant for SMT Scharf, the Western states have extended their measures with
the 19th sanctions package that was recently tightened further. This is likely to have an addi-
tional negative impact on economic activity, as energy exports will be restricted, financial flows
made more difficult and international supply chains further disrupted. As a result, the SMT
Scharf Group is confronted with further tightened sanctions, the final impact of which on the
SMT Scharf Group's business is not yet foreseeable.
The Managing Board of SMT Scharf AG confirms the revenue and earnings forecast for 2025
last announced on 22 August 2025. Accordingly, consolidated revenue for the full year 2025
is expected to be in the range of EUR 100 to 120 million and EBIT in the range of EUR 0.5 to
2.5 million. The Managing Board had previously forecast consolidated revenue in a range be-
tween EUR 110 million and EUR 130 million and EBIT in a range between EUR 5.5 million and
EUR 7.5 million.
In order to diversify further and to further reduce its dependency on coal mine operators, SMT
Scharf will work towards further expanding its activities in business segments outside coal. As
part of its corporate strategy, the company will continue to focus in the future on operative
excellence, as well as on implementing the growth strategy, in order to further strengthen SMT
Scharf’s market position.
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 14
IFRS nine-month financial statements (unaudited)
Consolidated balance sheet
(EUR thousand)
30/09/2025
30/09/2024
31/12/2024
Assets
Intangible assets
6,842
6,520
7,777
Property, plant and equipment
8,855
6,571
8,872
Loans
628
629
628
Equity accounted investments
0
22,285
0
Other investments
7
7
7
Deferred tax assets
5,996
5,185
6,663
Non-current lease receivables
66
0
192
Other non-current non-financial assets
63
32
28
Non-current assets
22,457
41,229
24,167
Inventories
49,593
45,304
50,670
Trade receivables
54,369
26,357
75,889
Contract assets
743
3,555
7,505
Current lease receivables
126
27
126
Other non-current non-financial assets
5,488
3,358
5,568
Other current non-financial assets
in connection with employee pension enti-
tlements
732
1,800
715
Cash and cash equivalents
17,726
5,871
15,100
Current assets
128,777
86,272
155,573
Total assets
151,234
127,501
179,740
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 15
(EUR thousand)
30/09/2025
30/09/2024
31/12/2024
Equity and liabilities
Subscribed share capital
5,472
5,472
5,472
Capital reserve
23,623
23,623
23,623
Revenue reserves
67,451
64,223
70,599
Other reserves
-9,991
-9,254
-9,023
Non-controlling interests
25,066
1,591
27,508
Equity
111,621
85,655
118,179
Provisions for pensions
2,396
2,403
2,521
Other non-current provisions
222
195
232
Deferred tax liabilities
1,342
684
1,152
Lease liabilities
1,944
2,147
1,836
Non-current financial liabilities
336
34
435
Other non-current financial liabilities
1,176
1,872
2,016
Non-current provisions and liabilities
7,416
7,335
8,192
Current income tax
5
1,282
341
Other current provisions
5,024
6,480
6,182
Contract liabilities
557
6,783
6,355
Trade payables
9,501
4,636
15,063
Lease liabilities
750
768
925
Current financial liabilities (cash and cash
equivalents)
11,045
8,772
3,433
Current financial liabilities (not cash and
cash equivalents)
0
5,179
15,093
Other current non-financial liabilities
5,315
611
5,977
Current provisions and liabilities
32,197
34,511
53,369
Total equity and liabilities
151,234
127,501
179,740
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 16
Consolidated statement of comprehensive income
EUR thousand
Q3/2025
Q3/2024
9M/2025
9M/2024
Revenue
20,842
19,534
70,899
47,890
Changes in inventories
-2,006
60
1,800
10,005
Total operating revenue (100 %)
18,836
19,594
72,699
57,895
Other operating income
428
352
2,572
2,360
Cost of materials
8,368
10,273
37,420
32,697
Personnel expenses
5,415
5,074
16,900
15,800
Depreciation, amortisation and impairment losses
645
598
1,899
1,798
Other operating expenses
5,366
4,518
16,695
11,230
Earnings from operating activities (EBIT)
-530
-517
2,357
-1,270
Income from equity-accounted investments
0
0
0
1,868
Interest income
146
131
370
479
Interest expenses
294
312
951
1,083
Financial result
-148
-181
-581
1,264
Profit / loss before tax
-678
-698
1,776
-6
Income taxes
909
1,222
1,597
1,058
Consolidated net profit/loss
-1,587
-1,920
179
-1,064
of which attributable to non-controlling interests
478
-1,643
2,178
-826
of which attributable to shareholders
-2,065
-277
-1,999
-238
Other comprehensive income items to be reclassified to profit or loss at a
later date:
Currency differences from translation of foreign financial statements
-144
-1,579
-3,233
-194
Share of other comprehensive income attributable to equity accounted invest-
ments
0
0
0
201
Other comprehensive income
-144
-1,579
-3,233
7
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 17
of which, share of other comprehensive income attributable to shareholders of
SMT Scharf AG
-280
-1,587
-968
-48
of which, share of total comprehensive income attributable to non-controlling in-
terests
136
8
-2,265
55
Total comprehensive income
-1,731
-3,499
-3,054
-1,057
of which, share of other comprehensive income attributable to shareholders of
SMT Scharf AG
-2,344
-3,231
-2,966
-875
of which, share of total comprehensive income attributable to non-controlling in-
terests
613
-268
-88
-182
Earnings per share *
Undiluted (basic)
-0.38
-0.30
-0.37
-0.15
Diluted
-0.38
-0.30
-0.37
-0.15
Average number of shares undiluted
5,471,979
5,471,979
5,471,979
5,471,979
Average number of shares diluted
5,471,979
5,471,979
5,471,979
5,471,979
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 18
Consolidated cash flow statement
EUR thousand
9M/2025
9M/2024
Consolidated net profit/loss
179
-1,064
- Income from equity-accounted investments
0
-1,868
+ Depreciation and amortisation of non-current assets
1,899
1,798
-/+ Gain/loss on disposal of non-current assets
97
243
-/+ Decrease/increase in provisions
-1,209
547
+/- Decrease/increase in inventories, trade receivables and other
assets not allocable to investing or financing activities
26,408
-1,870
-/+ Decrease/increase in trade payables and other liabilities not
allocable to investing or financing activities
-14,167
5,994
+/- Other non-cash expenses/income
0
0
+/- Income taxes
1,597
1,058
+/- Financial expenses
581
604
-/+ Income taxes paid
-1,903
-3,348
Cash flow from operating activities
13,482
2,094
+ Cash inflows from disposal of items of property, plant and
equipment
6
0
- Capital expenditure on property, plant and equipment
-516
-689
- Capital expenditure on intangible assets
-171
-364
+ Interest received
369
479
Cash flow from investing activities
-312
-574
- Cash outflow for the repayment of lease liabilities
-696
-545
- Payments to controlling and non-controlling shareholders
-1,149
0
+ Cash inflow from the drawing down of loans
2,798
+ Cash inflow from sale-and-leaseback agreements
23
157
- Cash outflow for the repayment of loans
-7,301
-3,432
- Interest paid
-532
-888
Cash flow from financing activities
-9,655
-1,910
Net change in cash and cash equivalents
3,515
-390
Changes in cash and cash equivalents due to effects from ex-
change rates and consolidated Group
-750
96
Cash and cash equivalents at start of period
11,666
-2,606
Cash and cash equivalents at end of period
14,431
-2,900
SMT Scharf AG - 9-month report as of September 30, 2025 - Page 19
Selected disclosures in the notes
Reduction in tax rate
In connection with the law for an immediate tax investment program to strengthen Germany
as a business location ("Growth Booster Act"), a gradual reduction in the corporate tax rate in
Germany was agreed. As from the 2028 assessment period, the current tax rate of 15% will
be reduced by one percentage point per year until it is only 10% from 2032 (Section 23 (1)
KStG new version). We have adjusted the calculation of deferred taxes as of 30 September
2025 for the German companies accordingly. We have made an estimate of how the existing
temporary differences and loss carryforwards will be distributed over the coming financial
years. The conversion resulted in deferred tax expenses of EUR 161 thousand.
SMT Scharf AG – 9-month report as of September 30, 2025 - Page 20
Segment report
The SMT Scharf Group's business is structured into four operating segments. Sales and intermediate consumption between the segments are of minor importance
and are not reported separately.
Segment reporting as at September 30, 2025
Coal Mining
Mineral Mining
Tunnel Logistics
Other industries
Not
assigned
SMT Scharf
Group
(EUR thousand)
9M/2025
9M/2024
9M/2025
9M/2024
9M/2025
9M/2024
9M/2025
9M/2024
9M/2025
9M/2024 9M/2025 9M/2024
Revenue
51,270
34,847
6,500
6,988
11,599
4,378
1,530
1,677
-
- 70,899
47,890
- of which new equipment and
systems
16,914
12,410
3,073
2,943
10,760
4,271
1,489
1,407
-
- 32,236
21,031
- thereof spare parts
25,856
16,917
3,093
3,747
516
107
41
270
-
- 29,506
21,041
- thereof service
8,433
5,425
334
298
323
-
-
-
-
- 9,090
5,723
- thereof Other
67
95
-
-
-
-
-
-
-
-
67
95
Operating result (EBIT)
-1,148
-1,372
886
-153
2,538
611
81
-356
-
- 2,357
-1,270
Result from equity-accounted in-
vestments
-
1,868
-
-
-
-
-
-
-
-
-
1,868
Segment assets
99,700
98,422
6,387
8,796
37,194
12,421
1,957
2,677
5,996
5,185 151,234
127,501
Segment liabilities
29,430
34,549
4,646
2,797
4,232
2,705
-37
1,111
1,343
684
39,613
41,846
Segment investments
1,153
510
-
183
-
-
6
54
-
- 1,159
747
- thereof IFRS16
690
130
-
182
-
-
-
32
-
-
690
344
Shares in equity-accounted com-
panies
-
22,285
-
-
-
-
-
-
-
-
- 22,285
Scheduled depreciation and
amortisation
1,383
1,409
254
198
185
87
77
104
-
-
1,899
1,798
FTE
473
319
43
51
5
5
20
22
-
-
541
397
SMT Scharf AG – 9-month report as of September 30, 2025 - Page 21
Imprint
Publisher
Investor relations contact
SMT Scharf AG
Stand: 104
59075 Hamm
Tel: +49 (0) 2381 - 960-210
Fax: +49 (0) 2381 - 960-311
Email: ir@smtscharf.com
www.smtscharf.com
cometis AG
Thorben Burbach
Under the oaks 7
65195 Wiesbaden
Tel: +49 (0) 611 - 205855-23
Fax: +49 (0) 611 - 205855-66
Email: burbach@cometis.de
www.cometis.de
Concept, editing & layout
cometis AG
Disclaimer
The report for the third quarter of 2025 is also available in English. In the event of dif-
ferences, the German version shall prevail. The digital version of SMT Scharf AG's
annual report and the interim reports are available on the Internet at
www.smtscharf.com in the Investor Relations section.
SMT SCHARF AG
Römerstraße 104
59075 Hamm
Telephone: +49 (0) 2381 960 210
Telefax: +49 (0) 2381 960 311
E-mail: ir@smtscharf.com
www.smtscharf.com
