Balance sheet as of December 31, 2024

(Condensed version)

ASSETS
IN THOUSANDS OF EUROS
CONSOLIDATED FINANCIAL STATEMENTS OF STIHL HOLDING AG & CO. KG ANDREAS STIHL AG & CO. KG
Notes to the Balance Sheet DEC. 31, 2024 Dec. 31, 2023 DEC. 31, 2024 Dec. 31, 2023
FIXED ASSETS
Intangible assets 176,116 175,357 135,584 135,679
Property, plant, and equipment 1,978,907 1,930,943 618,635 611,050
Financial assets (1) 2,483,553 2,622,035 247,488 267,363
4,638,576 4,728,335 1,001,707 1,014,092
CURRENT ASSETS
Inventories 2,043,222 2,240,080 392,442 433,942
Receivables and other assets
Trade receivables 690,596 595,071 37,472 31,817
Receivables from related companies 5,876 7,777 326,103 303,783
Receivables from shareholders 0 0 40,499 6,384
Other assets 216,244 205,998 41,585 28,667
912,716 808,846 445,659 370,651
Securities (2) 349,565 165,205 68,815 43,419
Cash and bank balances 572,480 441,221 3,428 5,933
3,877,983 3,655,352 910,344 853,945
Drepaid expenses 44,848 34,067 14,632 9,332
Deferred tax assets 261,330 234,873 119,500 108,104
TOTAL 8,822,737 8,652,627 2,046,183 1,985,473
EQUITY AND LIABILITIES
IN THOUSANDS OF EUROS
CONSOLIDATED FINANCIAL STATEMENTS OF STIHL HOLDING AG & CO. KG ANDREAS STIHL AG & CO. KG
Notes to the Balance Sheet DEC. 31, 2024 Dec. 31, 2023 DEC. 31, 2024 Dec. 31, 2023
EQUITY (3) 6,084,869 5,700,518 763,765 800,000
PROVISIONS (4)
Provisions for pensions and similar obligations 864,482 738,058 698,281 691,020
Provisions for taxes 38,851 45,629 8,002 23,605
Other provisions 461,709 535,952 165,929 145,148
1,365,042 1,319,639 872,212 859,773
LIABILITIES
Liabilities to banks 4,459 153,103 0 0
Loan from the Eva Mayr-Stihl Foundation (5) 100,000 100,000 100,000 100,000
Participating capital (6) 43,115 43,288 43,115 43,288
Advance payments received 16,533 17,565 0 0
Trade payables 305,066 302,841 68,635 76,130
Liabilities to related companies 681 697 153,973 65,926
Liabilities to companies in which an equity interest is held 495 969 7 26
Liabilities to owners 695,178 829,260 0 0
Other liabilities 126,160 117,758 38,247 37,260
1,291,687 1,565,481 403,977 322,630
PREPAID EXPENSES 2,951 3,282 2,200 2,083
Deferred tax liabilities 78,188 63,707 4,029 987
TOTAL 8,822,737 8,652,627 2,046,183 1,985,473

Balance sheet structure of STIHL HOLDING AG & Co. KG (Consolidated financial statements)
in millions of euros

Assets
Fixed assets 4,639
Inventories 2,043
Other assets 2,141
Assets 8,823
Equity and liabilities
Equity 6,085
Provisions 1,365
Other liabilities 1,373
Equity and liabilities 8,823

Balance sheet structure of ANDREAS STIHL AG & Co. KG
in millions of euros

Assets
Fixed assets 1,002
Inventories 392
Other assets 652
Assets 2,046
Equity and liabilities
Equity 764
Provisions 872
Other liabilities 410
Equity and liabilities 2,046

SUPPLEMENT TO THE FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS OF STIHL HOLDING AG & CO. KG

Information required by Section 13 Subsection 3 in conjunction with Section 5 Subsection 5 Sentence 3 of the German Companies Disclosure Act (Publizitätsgesetz):

1. Revenue in thousands of euros 5,328,651
2. Income from equity investments in thousands of euros 8
3. Wages, salaries, social security contributions, and expenses
for pensions and other employee benefits
in thousands of euros 1,341,702
4. Average number of employees in the twelve months ending
on the balance sheet date
19,728

Waiblingen, March 2025

STIHL Holding AG & Co. KG The General Partners Dipl.-Ing. Hans Peter Stihl STIHL AG

ANDREAS STIHL AG & Co. KG

Information required by Section 5 Subsection 5 Sentence 3 of the German Companies Disclosure Act (Publizitätsgesetz):

1. Revenue in thousands of euros 1,632,002
2. Income from equity investments in thousands of euros 0
3. Wages, salaries, social security contributions, and expenses
for pensions and other employee benefits
in thousands of euros 599,264
4. Average number of employees in the twelve months ending
on the balance sheet date
6,035

Waiblingen, March 2025

ANDREAS STIHL AG & Co. KG The General Partners Dipl.-Ing. Hans Peter Stihl STIHL AG

The annual financial statements of STIHL Holding AG & Co. KG and ANDREAS STIHL AG & Co. KG ar e disclosed in the German Federal Gazette, in accordance with the German Companies Disclosure Act (Publizitätsgesetz).

NOTES

ACCOUNTING AND VALUATION METHODS

Fixed assets are valued at the cost of acquisition or production. Cost includes the costs of materials and labor, and an appropriate share of material and production overhead. Assets with a limited useful life are subject to systematic depreciation. Wherever deemed necessary, impairments are recognized to reflect assets’ lower fair values. Inventories are valued at the lower of cost or fair value. General sales risks are reflected by appropriate range deductions.

Inventories are stated at the lower of cost or market. Cost includes direct material and labour costs and appropriate production and material overheads. Adequate allowances are made for general merchandising risks.

Receivables and other assets are measured at their nominal values. Allowances are made for recognizable individual risks and general default risk.

Provisions for pensions are measured in accordance with the projected unit credit method on the basis of the Heubeck 2018 G mortality tables..

All recognizable risks and contingent liabilities are taken into consideration in the measurement of other provisions.

Liabilities are recognized at their settlement amounts.

CONSOLIDATED GROUP

The consolidated group includes STIHL Holding AG & Co. KG and all domestic and foreign affiliated companies (see list).

Due to their lesser importance, Carl Benz Center Objekt GmbH & Co. KG, Stuttgart, and Carl Benz Center Neckarpark GmbH, Stuttgart, are not included in the consolidated financial statements.

CAPITAL CONSOLIDATION

Capital consolidation takes place in accordance with Section 301 Subsection 1 to Subsection 3 of the German Commercial Code (HGB). Differences arising from first-time consolidation before January 1, 2010 , were offset against retained earnings.

OTHER CONSOLIDATION METHODS

The Group’s internal receivables, payables, revenue, profits, and expenses are eliminated.

Intercompany profits are eliminated pursuant to Section 304 Subsection 1 of the German Commercial Code (HGB).

Deferred taxes are recognized on intercompany profits as well as on debt consolidation affecting profit and loss.

CURRENCY CONVERSION

The balance sheet values of the capital and reserves were converted at the respective average historical exchange rates of the respective year. Other assets and liabilities were converted at the average spot exchange rate on the balance sheet date.

Notes to the Balance Sheet

OF THE CONSOLIDATED FINANCIAL STATEMENTS OF STIHL HOLDING AG & CO. KG AND OF THE BALANCE SHEET OF ANDREAS STIHL AG & CO. KG

Assets

(1) Financial assets

The reported financial assets in the consolidated financial statements mainly related to equity investments and securities held as fixed assets.

(2) Securities

These are predominantly other securities used for short-term investments.

EQUITY AND LIABILITIES

(3) Equity

In the two balance sheets, the equity is shown in a total amount in accordance with Section 9 Subsection 3 of the German Companies Disclosure Act (Publizitätsgesetz). Equity includes noncontrolling interests in the amount of 791 thousand euros.

(4) Provisions

The pension provisions cover pre-existing pension entitlements and future benefits.

Other provisions relate to possible outstanding employee benefits, warranty items, and other contingencies.

(5) Loan from the Eva Mayr-Stihl Foundation

The loan is available to ANDREAS STIHL AG & Co. KG.

(6) Participation capital

The take-up rate of the offer to the employees of ANDREAS STIHL AG & Co. KG to continue to participate in the capital of the company in the form of participation rights was high in fiscal year 2024.

(7) Average number of employees across the Group

Europe 9,736
North and South America 5,958
Asia/Oceania/Africa 4,034
Total 19,728