Assets
| Type | Time | Amount | Unit |
|---|
Revenue
| Type | Start date | End date | Amount | Unit |
|---|
XML
See the xml submitted here:
XML: INVALID
Separator
The full data:
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<gsd:NameAndSurnameOfChairmanOfGeneralMeeting contextRef="ctx1" id="fact1003" xml:lang="en">Mette Wigand Bode</gsd:NameAndSurnameOfChairmanOfGeneralMeeting>
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<sob:IdentificationOfApprovedAnnualReport contextRef="ctx1" id="fact1007" xml:lang="en">The Executive Board and Board of Directors have today considered and adopted the Annual Report of SimCorp A/S for the financial  year 1 January - 31 December 2025.The Annual Report is prepared in accordance with the Danish Financial Statements Act.  In our opinion the Financial Statements give a true and fair view of the financial position at 31 December 2025 of the Company  and of the results of the Company operations for 2025.  In our opinion, Management's Review includes a true and fair account of the matters addressed in the Review.  </sob:IdentificationOfApprovedAnnualReport>
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<sob:PlaceOfSignatureOfStatement contextRef="ctx1" id="fact1018" xml:lang="en">Copenhagen</sob:PlaceOfSignatureOfStatement>
<sob:DateOfApprovalOfAnnualReport contextRef="ctx1" id="fact1019">2026-05-20</sob:DateOfApprovalOfAnnualReport>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx2" id="fact2545" xml:lang="en">Peter John Sanderson</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx3" id="fact2547" xml:lang="en">Marc Schröter</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx4" id="fact2549" xml:lang="en">Christian Peter Kromann</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
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<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx12" id="fact2567" xml:lang="en">Jeff Dennis Conway</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx5" id="fact2553" xml:lang="en">Stephan Engels</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
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<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx9" id="fact2561" xml:lang="en">Neil James Cook</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx7" id="fact2557" xml:lang="en">Marlene Nyholm Voss</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx10" id="fact2563" xml:lang="en">Kateryna Kharchenko</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<arr:IndependentAuditorsReportsAudit contextRef="ctx1" id="fact1020" xml:lang="en">Independent Auditorâs Report</arr:IndependentAuditorsReportsAudit>
<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx1" id="fact1021" xml:lang="en">To the Shareholders of SimCorp A/S</arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="ctx1" id="fact1022" xml:lang="en">Opinion  In our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 31 December 2025,  and of the results of the Companyâs operations for the financial year 1 January - 31 December 2025 in accordance with the  Danish Financial Statements Act.  We have audited the Financial Statements of SimCorp A/S for the financial year 1 January - 31 December 2025, which comprise  income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting  policies (âthe Financial Statementsâ).  </arr:OpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx1" id="fact1030" xml:lang="en">Basis for Opinion  We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements  applicable in Denmark. Our responsibilities under those standards and requirements are further described in the âAuditorâs  Responsibilities for the audit of the Financial Statementsâ section of our report. We are independent of the Company in  accordance with the International Ethics Standards Board for Accountantsâ International Code of Ethics for Professional  Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical  responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have  obtained is sufficient and appropriate to provide a basis for our opinion.  </arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx1" id="fact1040" xml:lang="en">Statement on Managementâs Review  Management is responsible for Managementâs Review.  Our opinion on the Financial Statements does not cover Managementâs Review, and we do not express any form of assurance  conclusion thereon.  In connection with our audit of the Financial Statements, our responsibility is to read Managementâs Review and, in doing so,  consider whether Managementâs Review is materially inconsistent with the Financial Statements or our knowledge obtained  during the audit, or otherwise appears to be materially misstated.  Moreover, it is our responsibility to consider whether Managementâs Review provides the information required under the Danish  Financial Statements Act.  Based on the work we have performed, in our view, Managementâs Review is in accordance with the Financial Statements and  has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material  misstatement in Managementâs Review.  </arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx1" id="fact1053" xml:lang="en">Managementâs Responsibilities for the Financial Statements  Management is responsible for the preparation of Financial Statements that give a true and fair view in accordance with the  Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the  preparation of financial statements that are free from material misstatement, whether due to fraud or error.  In preparing the Financial Statements, Management is responsible for assessing the Companyâs ability to continue as a going  concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing  the Financial Statements unless Management either intends to liquidate the Company or to cease operations, or has no realistic  alternative but to do so.  </arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx1" id="fact1061" xml:lang="en">Auditorâs Responsibilities for the Audit of the Financial Statements  Our objectives are to obtain reasonable assurance about whether the Financial Statements as a whole are free from material  misstatement, whether due to fraud or error, and to issue an auditorâs report that includes our opinion. Reasonable assurance is  a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional  requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from  fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the  economic decisions of users taken on the basis of these Financial Statements.  As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise  professional judgement and maintain professional scepticism throughout the audit. We also:  ⢠Identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, design  and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to  provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one  resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of  internal control.  ⢠Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in  the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Companyâs internal control.  ⢠Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related  disclosures made by Management.  ⢠Conclude on the appropriateness of Managementâs use of the going concern basis of accounting in preparing the Financial  Statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions  that may cast significant doubt on the Companyâs ability to continue as a going concern. If we conclude that a material  uncertainty exists, we are required to draw attention in our auditorâs report to the related disclosures in the Financial  Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence  obtained up to the date of our auditorâs report. However, future events or conditions may cause the Company to cease to  continue as a going concern.  ⢠Evaluate the overall presentation, structure and contents of the Financial Statements, including the disclosures, and  whether the Financial Statements represent the underlying transactions and events in a manner that gives a true and fair  view.  We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the  audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.  </arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:SignatureOfAuditorsPlace contextRef="ctx1" id="fact1098" xml:lang="en">Hellerup</arr:SignatureOfAuditorsPlace>
<arr:SignatureOfAuditorsDate contextRef="ctx1" id="fact1099">2026-05-20</arr:SignatureOfAuditorsDate>
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<fsa:Assets contextRef="ctx14" decimals="-3" id="fact2681" unitRef="vEUR">1339559000</fsa:Assets>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx32" decimals="-3" id="fact2784" unitRef="vEUR">12971000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<fsa:Assets contextRef="ctx15" decimals="-3" id="fact2724" unitRef="vEUR">1182583000</fsa:Assets>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx33" decimals="-3" id="fact2785" unitRef="vEUR">16749000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<fsa:Assets contextRef="ctx29" decimals="-3" id="fact2778" unitRef="vEUR">1045039000</fsa:Assets>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx34" decimals="-3" id="fact2786" unitRef="vEUR">18913000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<fsa:Assets contextRef="ctx30" decimals="-3" id="fact2780" unitRef="vEUR">456621000</fsa:Assets>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx35" decimals="-3" id="fact2787" unitRef="vEUR">20664000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<fsa:Assets contextRef="ctx31" decimals="-3" id="fact2782" unitRef="vEUR">389962000</fsa:Assets>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx36" decimals="-3" id="fact2788" unitRef="vEUR">22254000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx36" id="fact2583" xml:lang="en">Investments in property, plant and equipment</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx35" id="fact2582" xml:lang="en">Investments in property, plant and equipment</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx34" id="fact2581" xml:lang="en">Investments in property, plant and equipment</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx33" id="fact2580" xml:lang="en">Investments in property, plant and equipment</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx32" id="fact2579" xml:lang="en">Investments in property, plant and equipment</mrv:NameOfKeyFigureOrFinancialRatio>
<fsa:Equity contextRef="ctx14" decimals="-3" id="fact2686" unitRef="vEUR">962200000</fsa:Equity>
<fsa:Equity contextRef="ctx15" decimals="-3" id="fact2729" unitRef="vEUR">962523000</fsa:Equity>
<fsa:Equity contextRef="ctx29" decimals="-3" id="fact2779" unitRef="vEUR">855310000</fsa:Equity>
<fsa:Equity contextRef="ctx30" decimals="-3" id="fact2781" unitRef="vEUR">336720000</fsa:Equity>
<fsa:Equity contextRef="ctx31" decimals="-3" id="fact2783" unitRef="vEUR">291207000</fsa:Equity>
<mrv:DescriptionOfEmployeeMatters contextRef="ctx1" id="fact2387" xml:lang="en">Employees:</mrv:DescriptionOfEmployeeMatters>
<fsa:AverageNumberOfEmployees contextRef="ctx1" decimals="0" id="fact2626" unitRef="pure">606</fsa:AverageNumberOfEmployees>
<fsa:AverageNumberOfEmployees contextRef="ctx13" decimals="0" id="fact2652" unitRef="pure">596</fsa:AverageNumberOfEmployees>
<fsa:AverageNumberOfEmployees contextRef="ctx16" decimals="0" id="fact2747" unitRef="pure">590</fsa:AverageNumberOfEmployees>
<fsa:AverageNumberOfEmployees contextRef="ctx17" decimals="0" id="fact2755" unitRef="pure">573</fsa:AverageNumberOfEmployees>
<fsa:AverageNumberOfEmployees contextRef="ctx18" decimals="0" id="fact2763" unitRef="pure">553</fsa:AverageNumberOfEmployees>
<mrv:GrossMargin contextRef="ctx1" decimals="1" id="fact2628" unitRef="pure">28.4</mrv:GrossMargin>
<mrv:OperatingMargin contextRef="ctx1" decimals="1" id="fact2629" unitRef="pure">-12.2</mrv:OperatingMargin>
<mrv:ValueOfKeyFigureOrFinancialRatio contextRef="ctx37" decimals="1" id="fact2789" unitRef="pure">-2.3</mrv:ValueOfKeyFigureOrFinancialRatio>
<mrv:GrossMargin contextRef="ctx13" decimals="1" id="fact2654" unitRef="pure">56.9</mrv:GrossMargin>
<mrv:OperatingMargin contextRef="ctx13" decimals="1" id="fact2655" unitRef="pure">29.2</mrv:OperatingMargin>
<mrv:ValueOfKeyFigureOrFinancialRatio contextRef="ctx38" decimals="1" id="fact2790" unitRef="pure">8.9</mrv:ValueOfKeyFigureOrFinancialRatio>
<mrv:GrossMargin contextRef="ctx16" decimals="1" id="fact2748" unitRef="pure">48.4</mrv:GrossMargin>
<mrv:OperatingMargin contextRef="ctx16" decimals="1" id="fact2749" unitRef="pure">15.8</mrv:OperatingMargin>
<mrv:ValueOfKeyFigureOrFinancialRatio contextRef="ctx39" decimals="1" id="fact2791" unitRef="pure">6.3</mrv:ValueOfKeyFigureOrFinancialRatio>
<mrv:GrossMargin contextRef="ctx17" decimals="1" id="fact2756" unitRef="pure">62.9</mrv:GrossMargin>
<mrv:OperatingMargin contextRef="ctx17" decimals="1" id="fact2757" unitRef="pure">28.2</mrv:OperatingMargin>
<mrv:ValueOfKeyFigureOrFinancialRatio contextRef="ctx40" decimals="1" id="fact2792" unitRef="pure">17.6</mrv:ValueOfKeyFigureOrFinancialRatio>
<mrv:SolvencyRatio contextRef="ctx17" decimals="1" id="fact2758" unitRef="pure">73.7</mrv:SolvencyRatio>
<mrv:ReturnOnEquity contextRef="ctx17" decimals="1" id="fact2759" unitRef="pure">29.4</mrv:ReturnOnEquity>
<mrv:GrossMargin contextRef="ctx18" decimals="1" id="fact2764" unitRef="pure">67.4</mrv:GrossMargin>
<mrv:OperatingMargin contextRef="ctx18" decimals="1" id="fact2765" unitRef="pure">34.2</mrv:OperatingMargin>
<mrv:ValueOfKeyFigureOrFinancialRatio contextRef="ctx41" decimals="1" id="fact2793" unitRef="pure">22.9</mrv:ValueOfKeyFigureOrFinancialRatio>
<mrv:SolvencyRatio contextRef="ctx18" decimals="1" id="fact2766" unitRef="pure">74.7</mrv:SolvencyRatio>
<mrv:ReturnOnEquity contextRef="ctx18" decimals="1" id="fact2767" unitRef="pure">34.1</mrv:ReturnOnEquity>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx41" id="fact2588" xml:lang="en">Return on assets</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx40" id="fact2587" xml:lang="en">Return on assets</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx39" id="fact2586" xml:lang="en">Return on assets</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx38" id="fact2585" xml:lang="en">Return on assets</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx37" id="fact2584" xml:lang="en">Return on assets</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:SolvencyRatio contextRef="ctx1" decimals="1" id="fact2630" unitRef="pure">71.8</mrv:SolvencyRatio>
<mrv:ReturnOnEquity contextRef="ctx1" decimals="1" id="fact2631" unitRef="pure">0.1</mrv:ReturnOnEquity>
<mrv:SolvencyRatio contextRef="ctx13" decimals="1" id="fact2656" unitRef="pure">81.4</mrv:SolvencyRatio>
<mrv:ReturnOnEquity contextRef="ctx13" decimals="1" id="fact2657" unitRef="pure">11.9</mrv:ReturnOnEquity>
<mrv:SolvencyRatio contextRef="ctx16" decimals="1" id="fact2750" unitRef="pure">81.8</mrv:SolvencyRatio>
<mrv:ReturnOnEquity contextRef="ctx16" decimals="1" id="fact2751" unitRef="pure">10.5</mrv:ReturnOnEquity>
<mrv:ManagementsReview contextRef="ctx1" id="fact2388" xml:lang="en">Management's review</mrv:ManagementsReview>
<mrv:DescriptionOfPrimaryActivitiesOfEntity contextRef="ctx1" id="fact2389" xml:lang="en">Description of key activities of the Company  The Companyâs purpose is to develop, market, sell, implement, and manage the operation of software and related services for  businesses, institutions, and administrative organizations whose activities are within or related to the management of securities  and/or other assets and related activities. The Companyâs purpose can be fulfilled either directly or through investments, including  through shareholding in other companies.  </mrv:DescriptionOfPrimaryActivitiesOfEntity>
<mrv:DescriptionOfDevelopmentInActivitiesAndFinancialAffairs contextRef="ctx1" id="fact2396" xml:lang="en">Development in the year and follow-up on development expectations from last year  The revenue for the year totals EUR 255.03 million against EUR 337.46 million in 2024, which is 29% lower than expected.  Intercompany revenue mainly consists of product fee revenue, which amounted to EUR 171 million in 2025 (2024: 242 million).  The decline is primarily driven by a oneâoff contract modification implemented in 2025, whereby product fee charges to internal  customers were adjusted. This resulted in an oneâoff accumulated reduction in revenue of EUR 94 million. Management has  assessed that the revised dataset used for calculating product fees is in line with local compliance requirements, and the change  has been accounted for as a contract modification in accordance with IFRS. Excluding the impact of this oneâoff adjustment,  revenue for the year would have amounted to approximately EUR 349 million, which would be 4% lower than expected.  The Company reported an operating profit margin of â12% for 2025, compared to an expected margin of 25% as presented in the  Annual Report for 2024. The variance is mainly attributable to the aforementioned oneâoff change in product fee methodology,  which negatively impacted revenue and, consequently, the operating profit margin.  SimCorp Group focus on organic ARR (Annual recurring revenue) (forward-looking) growth, cf. definition in financial ratio. In 2025,  SimCorp A/S delivered ARR growth of 23%, corresponding to an increase of EUR 9.6 million, bringing ARR to EUR 50.9 million at  yearâend 2025 compared to EUR 41.3 million in the prior year. The figures presented relate to the unconsolidated Danish entity  (SimCorp A/S). For a full view of SimCorp Group performance, reference is made to the Deutsche Börse Group Annual Report  2025, where the consolidated SimCorp Group figures are presented.  </mrv:DescriptionOfDevelopmentInActivitiesAndFinancialAffairs>
<mrv:EntitysExposureToPriceRiskCreditRiskLiquidityRiskAndCashFlowRisk contextRef="ctx1" id="fact2427" xml:lang="en">Risks  Due to the nature of its operations, investments, and financing, the Company is exposed to changes in exchange rates and interest  rates.  Currency risk  SimCorpâs Group Finance department manages the Companyâs currency and financial exposures pursuant to the treasury policy  approved by the Board of Directors, including keeping overall currency and financial exposure within defined limits. The Company  trades with its subsidiaries in their functional currencies and is therefore also exposed to and impacted by currency fluctuations.  Currency risks stemming from transactions with the Companyâs subsidiaries constitute the majority of the Company's transactions  in foreign currency. Based on a cost-benefit analysis the Company does not apply any hedging or similar strategies to reduce the  potential impact of currency exposure. The company is looking into potential hedging during 2026.  Interest rate risk  The Companyâs interest rate risks are generally related to its bank deposits and credit facilities.  In January 2024, SimCorp entered a Credit Facility Agreement for EUR 100.0 million with Deutsche Börse Group for supporting  the Companyâs business operation after merger with Axioma in December 2023. The interest rate is based on 1-month EURIBOR  and 1-month SOFR for EUR and USD respectively, plus margin 0.5%(EUR) and 0.65%(USD). The undrawn part of the Facility  Amount is subjected to a commission fee of 0.24% p.a. Loan balance on 31 December 2025 is EUR 28.4 Million.  Deposits  The Company held cash deposits of EUR 30.2 million as of 31 December 2025 (2024: EUR 3.7 million). The deposits carry variable  interest rates based on money market rates. As of the reporting date, the effective interest rates varied by currency and ranged  between 0.00% and 4.17% (2024: 0.26% â 5.45%) for significant balances.  In 2025, the Company entered into a cash pooling arrangement with Nordea, covering approximately 61% of SimCorpâs  subsidiaries.  Credit facilities/loans  SimCorp has a committed credit facility of EUR 10.0 million maturing in May 2026, as well as an intercompany evergreen credit  facility of EUR 100 million.  As of 31 December 2025, there were no outstanding amounts under the committed facility, while EUR 28.4 million was drawn  under the intercompany facility (2024: EUR 0.0 million and EUR 1.0 million, respectively).  Liquidity risk  Group liquidity is managed by Group Treasury, with the objective of ensuring effective liquidity management by obtaining sufficient  committed credit facilities to provide adequate financial resources. Cash reserve and expected cash flow for 2025 are considered  adequate to meet the obligations of the Group as they fall due. Cash reserve comprises cash and cash equivalent and unutilized  credit facilities. The Group aims to have sufficient cash reserves to allow it to continue to operate adequately in case of unforeseen  fluctuations in cash.  Credit risks  The Company is not exposed to significant risks concerning individual clients or business partners as clients are generally major  investment managers in the financial sector. Under the Companyâs policy for assuming credit risk, all major clients and other  business partners are assessed prior to any contract being signed.  </mrv:EntitysExposureToPriceRiskCreditRiskLiquidityRiskAndCashFlowRisk>
<mrv:DescriptionOfResearchAndDevelopmentActivitiesInAndForReportingEntity contextRef="ctx1" id="fact2468" xml:lang="en">Research and development activities  The Company has capitalized development costs of EUR 119.0 million in 2025 (2024: EUR 62.2. million). Remaining costs are  assessed to be maintenance or development costs that do not meet the capitalization requirements, and therefore are expensed  as incurred. The recognition of costs incurred, and capitalization is subject to assessment by management.  </mrv:DescriptionOfResearchAndDevelopmentActivitiesInAndForReportingEntity>
<mrv:StatementOnKeyIntangibleResources contextRef="ctx1" id="fact2472" xml:lang="en">Intellectual capital resources  SimCorpâs business is based on specialized expertise and innovation. It is imperative that SimCorp continues to attract, develop,  and retain skilled employees and management talent.  The supply of talent is provided internally through development as well as from the market. For some roles, there is fierce  competition for talent. Hence, SimCorpâs ability to successfully attract, hire, onboard and retain our talent â and do this in a scalable  and efficient way â is critical for our long-term success.  To strengthen SimCorpâs employer brand and this way increase awareness of what SimCorp has to offer as an employer, several  initiatives have been implemented during the last years. Furthermore, to retain talent in SimCorp, substantial resources have been  allocated to mentoring and leadership programs in the last years.  </mrv:StatementOnKeyIntangibleResources>
<mrv:StatementOfCorporateSocialResponsibility contextRef="ctx1" id="fact2487" xml:lang="en">Statement on corporate social responsibility  Deutsche Börse Group explains the work with social responsibility, targets and policies for the underrepresented gender in  management in the sustainability report for 2025. The report is based on Deutsche Börse Groupâs policies in the area of social  responsibility and international guidelines such as the UN Global Compactâs 10 principles. The report is published at DBG social  responsibility and international guidelines.  DBG-annual-report-2025.pdf  Share-based payments  Simcorp has for several years granted restricted stock units (RSUâs) to certain employees. The programs are subject to continued  employment and some programs are also subject to certain financial performance criteria (non-market vesting conditions). Under  the arrangement, the Board of directors can elect to settle the RSUâs in cash rather than in shares.  </mrv:StatementOfCorporateSocialResponsibility>
<mrv:StatementOfPolicyForDataEthics contextRef="ctx1" id="fact2501" xml:lang="en">Statement on data ethics  SimCorp has adopted a Data Ethics Policy, the aim of which is to raise awareness of and enhance SimCorpâs data ethical values  and their anchoring in our organization. The policy is applicable to all types of data processing, regardless of whether it includes  personal data. The policy is universal and aims to embrace all scenarios in which data ethics considerations are relevant.  SimCorp processes data on our employees, our clientsâ employees, our shareholders, and partners to administer our relationships  and to support our decisions. The nature of the services which SimCorp provides requires that SimCorp processes transactional  and portfolio data on behalf of our clients. SimCorp never engages in selling data which it has obtained through such processes.  All new and existing employees will participate in training programs which include topics on data ethics.  The complete policy can be found on the below link:  Data Ethics Policy  Deutsche Börse Group prepares an Annual Report on the groupâs work with policy for data ethics. The report is published at DBG  compliance.  Please refer to the Deutsche Börse Groupâs Annual Report for corporate reporting (ESG key figures).  </mrv:StatementOfPolicyForDataEthics>
<mrv:DescriptionOfExpectedDevelopment contextRef="ctx1" id="fact2518" xml:lang="en">Expectation for next year  SimCorp A/S expects to continue the positive development in 2026. Revenue is expected to increase by 41% compared to 2025,  reflecting strong growth from a comparatively low revenue base in 2025 following retrospective product fee adjustments. Operating  profit is expected to amount to 13% of forecast revenue for 2026.  The outlook is based on adjustments for the oneâoff transfer pricing effects in 2025 and assumes revenue and cost developments  in line with the Groupâs budget assumptions. The expectations are subject to uncertainty and depend on, among other factors, the  successful execution of the Groupâs strategy, market conditions, customer demand, and the absence of significant adverse  changes in the regulatory, economic, or competitive environment.  </mrv:DescriptionOfExpectedDevelopment>
<mrv:DescriptionOfSignificantEventsOccurringAfterEndOfReportingPeriod contextRef="ctx1" id="fact2532" xml:lang="en">Events after the balance sheet date  No events materially affecting the assessment of the Annual Report occurred after the balance sheet date.  </mrv:DescriptionOfSignificantEventsOccurringAfterEndOfReportingPeriod>
<fsa:Revenue contextRef="ctx1" decimals="-3" id="fact2606" unitRef="vEUR">255028000</fsa:Revenue>
<fsa:OtherOperatingIncome contextRef="ctx1" decimals="-3" id="fact2608" unitRef="vEUR">38636000</fsa:OtherOperatingIncome>
<fsa:Revenue contextRef="ctx13" decimals="-3" id="fact2632" unitRef="vEUR">337462000</fsa:Revenue>
<fsa:OtherOperatingIncome contextRef="ctx13" decimals="-3" id="fact2634" unitRef="vEUR">34237000</fsa:OtherOperatingIncome>
<fsa:CostOfSales contextRef="ctx1" decimals="-3" id="fact2609" unitRef="vEUR">168569000</fsa:CostOfSales>
<fsa:OtherExternalExpenses contextRef="ctx1" decimals="-3" id="fact2610" unitRef="vEUR">52553000</fsa:OtherExternalExpenses>
<fsa:GrossProfitLoss contextRef="ctx1" decimals="-3" id="fact2611" unitRef="vEUR">72542000</fsa:GrossProfitLoss>
<fsa:CostOfSales contextRef="ctx13" decimals="-3" id="fact2635" unitRef="vEUR">117220000</fsa:CostOfSales>
<fsa:OtherExternalExpenses contextRef="ctx13" decimals="-3" id="fact2636" unitRef="vEUR">62631000</fsa:OtherExternalExpenses>
<fsa:GrossProfitLoss contextRef="ctx13" decimals="-3" id="fact2637" unitRef="vEUR">191848000</fsa:GrossProfitLoss>
<fsa:EmployeeBenefitsExpense contextRef="ctx1" decimals="-3" id="fact2612" unitRef="vEUR">84632000</fsa:EmployeeBenefitsExpense>
<fsa:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss contextRef="ctx1" decimals="-3" id="fact2613" unitRef="vEUR">16470000</fsa:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss>
<fsa:OtherOperatingExpenses contextRef="ctx1" decimals="-3" id="fact2614" unitRef="vEUR">2536000</fsa:OtherOperatingExpenses>
<fsa:EmployeeBenefitsExpense contextRef="ctx13" decimals="-3" id="fact2638" unitRef="vEUR">83972000</fsa:EmployeeBenefitsExpense>
<fsa:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss contextRef="ctx13" decimals="-3" id="fact2639" unitRef="vEUR">8187000</fsa:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss>
<fsa:OtherOperatingExpenses contextRef="ctx13" decimals="-3" id="fact2640" unitRef="vEUR">1014000</fsa:OtherOperatingExpenses>
<fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="ctx13" decimals="-3" id="fact2641" unitRef="vEUR">98675000</fsa:ProfitLossFromOrdinaryOperatingActivities>
<fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="ctx1" decimals="-3" id="fact2615" unitRef="vEUR">-31095000</fsa:ProfitLossFromOrdinaryOperatingActivities>
<fsa:IncomeFromInvestmentsInGroupEnterprises contextRef="ctx1" decimals="-3" id="fact2617" unitRef="vEUR">35267000</fsa:IncomeFromInvestmentsInGroupEnterprises>
<fsa:IncomeFromInvestmentsInAssociates contextRef="ctx1" decimals="-3" id="fact2618" unitRef="vEUR">59000</fsa:IncomeFromInvestmentsInAssociates>
<fsa:IncomeFromInvestmentsInGroupEnterprises contextRef="ctx13" decimals="-3" id="fact2643" unitRef="vEUR">26288000</fsa:IncomeFromInvestmentsInGroupEnterprises>
<fsa:IncomeFromInvestmentsInAssociates contextRef="ctx13" decimals="-3" id="fact2644" unitRef="vEUR">62000</fsa:IncomeFromInvestmentsInAssociates>
<fsa:OtherFinanceIncome contextRef="ctx1" decimals="-3" id="fact2619" unitRef="vEUR">16035000</fsa:OtherFinanceIncome>
<fsa:OtherFinanceExpenses contextRef="ctx1" decimals="-3" id="fact2620" unitRef="vEUR">24948000</fsa:OtherFinanceExpenses>
<fsa:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="ctx1" decimals="-3" id="fact2621" unitRef="vEUR">-4682000</fsa:ProfitLossFromOrdinaryActivitiesBeforeTax>
<fsa:OtherFinanceIncome contextRef="ctx13" decimals="-3" id="fact2645" unitRef="vEUR">9027000</fsa:OtherFinanceIncome>
<fsa:OtherFinanceExpenses contextRef="ctx13" decimals="-3" id="fact2646" unitRef="vEUR">5699000</fsa:OtherFinanceExpenses>
<fsa:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="ctx13" decimals="-3" id="fact2647" unitRef="vEUR">128353000</fsa:ProfitLossFromOrdinaryActivitiesBeforeTax>
<fsa:TaxExpense contextRef="ctx1" decimals="-3" id="fact2622" unitRef="vEUR">-5631000</fsa:TaxExpense>
<fsa:ProfitLoss contextRef="ctx1" decimals="-3" id="fact2623" unitRef="vEUR">949000</fsa:ProfitLoss>
<fsa:TaxExpense contextRef="ctx13" decimals="-3" id="fact2648" unitRef="vEUR">20614000</fsa:TaxExpense>
<fsa:ProfitLoss contextRef="ctx13" decimals="-3" id="fact2649" unitRef="vEUR">107739000</fsa:ProfitLoss>
<fsa:CompletedDevelopmentProjects contextRef="ctx14" decimals="-3" id="fact2658" unitRef="vEUR">89353000</fsa:CompletedDevelopmentProjects>
<fsa:DevelopmentProjectsInProgress contextRef="ctx14" decimals="-3" id="fact2659" unitRef="vEUR">29696000</fsa:DevelopmentProjectsInProgress>
<fsa:CompletedDevelopmentProjects contextRef="ctx15" decimals="-3" id="fact2701" unitRef="vEUR">37231000</fsa:CompletedDevelopmentProjects>
<fsa:DevelopmentProjectsInProgress contextRef="ctx15" decimals="-3" id="fact2702" unitRef="vEUR">24927000</fsa:DevelopmentProjectsInProgress>
<fsa:IntangibleAssets contextRef="ctx15" decimals="-3" id="fact2703" unitRef="vEUR">62158000</fsa:IntangibleAssets>
<fsa:IntangibleAssets contextRef="ctx14" decimals="-3" id="fact2660" unitRef="vEUR">119049000</fsa:IntangibleAssets>
<fsa:LandAndBuildings contextRef="ctx14" decimals="-3" id="fact2661" unitRef="vEUR">10757000</fsa:LandAndBuildings>
<fsa:PlantAndMachinery contextRef="ctx14" decimals="-3" id="fact2662" unitRef="vEUR">1534000</fsa:PlantAndMachinery>
<fsa:FixturesFittingsToolsAndEquipment contextRef="ctx14" decimals="-3" id="fact2663" unitRef="vEUR">482000</fsa:FixturesFittingsToolsAndEquipment>
<fsa:LandAndBuildings contextRef="ctx15" decimals="-3" id="fact2704" unitRef="vEUR">13887000</fsa:LandAndBuildings>
<fsa:PlantAndMachinery contextRef="ctx15" decimals="-3" id="fact2705" unitRef="vEUR">2175000</fsa:PlantAndMachinery>
<fsa:FixturesFittingsToolsAndEquipment contextRef="ctx15" decimals="-3" id="fact2706" unitRef="vEUR">429000</fsa:FixturesFittingsToolsAndEquipment>
<fsa:LeaseholdImprovements contextRef="ctx14" decimals="-3" id="fact2664" unitRef="vEUR">198000</fsa:LeaseholdImprovements>
<fsa:LeaseholdImprovements contextRef="ctx15" decimals="-3" id="fact2707" unitRef="vEUR">258000</fsa:LeaseholdImprovements>
<fsa:PropertyPlantAndEquipment contextRef="ctx14" decimals="-3" id="fact2665" unitRef="vEUR">12971000</fsa:PropertyPlantAndEquipment>
<fsa:PropertyPlantAndEquipment contextRef="ctx15" decimals="-3" id="fact2708" unitRef="vEUR">16749000</fsa:PropertyPlantAndEquipment>
<fsa:LongtermInvestmentsInGroupEnterprises contextRef="ctx14" decimals="-3" id="fact2666" unitRef="vEUR">724156000</fsa:LongtermInvestmentsInGroupEnterprises>
<fsa:LongtermInvestmentsInAssociates contextRef="ctx14" decimals="-3" id="fact2667" unitRef="vEUR">140000</fsa:LongtermInvestmentsInAssociates>
<fsa:LongtermInvestmentsInGroupEnterprises contextRef="ctx15" decimals="-3" id="fact2709" unitRef="vEUR">648179000</fsa:LongtermInvestmentsInGroupEnterprises>
<fsa:LongtermInvestmentsInAssociates contextRef="ctx15" decimals="-3" id="fact2710" unitRef="vEUR">140000</fsa:LongtermInvestmentsInAssociates>
<fsa:OtherLongtermInvestments contextRef="ctx14" decimals="-3" id="fact2668" unitRef="vEUR">799000</fsa:OtherLongtermInvestments>
<fsa:OtherLongtermInvestments contextRef="ctx15" decimals="-3" id="fact2711" unitRef="vEUR">5029000</fsa:OtherLongtermInvestments>
<fsa:DepositsLongtermInvestmentsAndReceivables contextRef="ctx14" decimals="-3" id="fact2669" unitRef="vEUR">1685000</fsa:DepositsLongtermInvestmentsAndReceivables>
<fsa:DepositsLongtermInvestmentsAndReceivables contextRef="ctx15" decimals="-3" id="fact2712" unitRef="vEUR">1647000</fsa:DepositsLongtermInvestmentsAndReceivables>
<fsa:NoncurrentAssets contextRef="ctx14" decimals="-3" id="fact2670" unitRef="vEUR">858800000</fsa:NoncurrentAssets>
<fsa:NoncurrentAssets contextRef="ctx15" decimals="-3" id="fact2713" unitRef="vEUR">733902000</fsa:NoncurrentAssets>
<fsa:ShorttermTradeReceivables contextRef="ctx14" decimals="-3" id="fact2671" unitRef="vEUR">2496000</fsa:ShorttermTradeReceivables>
<fsa:CurrentContractAssets contextRef="ctx14" decimals="-3" id="fact2672" unitRef="vEUR">55120000</fsa:CurrentContractAssets>
<fsa:ShorttermReceivablesFromGroupEnterprises contextRef="ctx14" decimals="-3" id="fact2673" unitRef="vEUR">371959000</fsa:ShorttermReceivablesFromGroupEnterprises>
<fsa:OtherShorttermReceivables contextRef="ctx14" decimals="-3" id="fact2674" unitRef="vEUR">6507000</fsa:OtherShorttermReceivables>
<fsa:ShorttermTradeReceivables contextRef="ctx15" decimals="-3" id="fact2714" unitRef="vEUR">2396000</fsa:ShorttermTradeReceivables>
<fsa:CurrentContractAssets contextRef="ctx15" decimals="-3" id="fact2715" unitRef="vEUR">53304000</fsa:CurrentContractAssets>
<fsa:ShorttermReceivablesFromGroupEnterprises contextRef="ctx15" decimals="-3" id="fact2716" unitRef="vEUR">371767000</fsa:ShorttermReceivablesFromGroupEnterprises>
<fsa:OtherShorttermReceivables contextRef="ctx15" decimals="-3" id="fact2717" unitRef="vEUR">5310000</fsa:OtherShorttermReceivables>
<fsa:DeferredIncomeAssets contextRef="ctx14" decimals="-3" id="fact2675" unitRef="vEUR">10806000</fsa:DeferredIncomeAssets>
<fsa:ShorttermTaxReceivables contextRef="ctx14" decimals="-3" id="fact2676" unitRef="vEUR">3657000</fsa:ShorttermTaxReceivables>
<fsa:DeferredIncomeAssets contextRef="ctx15" decimals="-3" id="fact2718" unitRef="vEUR">12189000</fsa:DeferredIncomeAssets>
<fsa:ShorttermTaxReceivables contextRef="ctx15" decimals="-3" id="fact2719" unitRef="vEUR">0</fsa:ShorttermTaxReceivables>
<fsa:ShorttermReceivables contextRef="ctx14" decimals="-3" id="fact2677" unitRef="vEUR">450545000</fsa:ShorttermReceivables>
<fsa:ShorttermReceivables contextRef="ctx15" decimals="-3" id="fact2720" unitRef="vEUR">444966000</fsa:ShorttermReceivables>
<fsa:CashAndCashEquivalents contextRef="ctx14" decimals="-3" id="fact2678" unitRef="vEUR">30214000</fsa:CashAndCashEquivalents>
<fsa:CurrentAssets contextRef="ctx14" decimals="-3" id="fact2679" unitRef="vEUR">480759000</fsa:CurrentAssets>
<fsa:CashAndCashEquivalents contextRef="ctx15" decimals="-3" id="fact2721" unitRef="vEUR">3715000</fsa:CashAndCashEquivalents>
<fsa:CurrentAssets contextRef="ctx15" decimals="-3" id="fact2722" unitRef="vEUR">448681000</fsa:CurrentAssets>
<fsa:Assets contextRef="ctx14" decimals="-3" id="fact2680" unitRef="vEUR">1339559000</fsa:Assets>
<fsa:Assets contextRef="ctx15" decimals="-3" id="fact2723" unitRef="vEUR">1182583000</fsa:Assets>
<fsa:ContributedCapital contextRef="ctx14" decimals="-3" id="fact2682" unitRef="vEUR">5441000</fsa:ContributedCapital>
<fsa:ReserveForDevelopmentExpenditure contextRef="ctx14" decimals="-3" id="fact2683" unitRef="vEUR">92857000</fsa:ReserveForDevelopmentExpenditure>
<fsa:ContributedCapital contextRef="ctx15" decimals="-3" id="fact2725" unitRef="vEUR">5441000</fsa:ContributedCapital>
<fsa:ReserveForDevelopmentExpenditure contextRef="ctx15" decimals="-3" id="fact2726" unitRef="vEUR">48483000</fsa:ReserveForDevelopmentExpenditure>
<fsa:RetainedEarnings contextRef="ctx14" decimals="-3" id="fact2684" unitRef="vEUR">863902000</fsa:RetainedEarnings>
<fsa:RetainedEarnings contextRef="ctx15" decimals="-3" id="fact2727" unitRef="vEUR">908599000</fsa:RetainedEarnings>
<fsa:Equity contextRef="ctx14" decimals="-3" id="fact2685" unitRef="vEUR">962200000</fsa:Equity>
<fsa:Equity contextRef="ctx15" decimals="-3" id="fact2728" unitRef="vEUR">962523000</fsa:Equity>
<fsa:ProvisionsForDeferredTax contextRef="ctx14" decimals="-3" id="fact2687" unitRef="vEUR">63117000</fsa:ProvisionsForDeferredTax>
<fsa:OtherProvisions contextRef="ctx14" decimals="-3" id="fact2688" unitRef="vEUR">48916000</fsa:OtherProvisions>
<fsa:ProvisionsForDeferredTax contextRef="ctx15" decimals="-3" id="fact2730" unitRef="vEUR">58996000</fsa:ProvisionsForDeferredTax>
<fsa:OtherProvisions contextRef="ctx15" decimals="-3" id="fact2731" unitRef="vEUR">21053000</fsa:OtherProvisions>
<fsa:Provisions contextRef="ctx15" decimals="-3" id="fact2732" unitRef="vEUR">80049000</fsa:Provisions>
<fsa:Provisions contextRef="ctx14" decimals="-3" id="fact2689" unitRef="vEUR">112033000</fsa:Provisions>
<fsa:LongtermLeaseCommitments contextRef="ctx14" decimals="-3" id="fact2690" unitRef="vEUR">7713000</fsa:LongtermLeaseCommitments>
<fsa:LongtermLeaseCommitments contextRef="ctx15" decimals="-3" id="fact2733" unitRef="vEUR">10773000</fsa:LongtermLeaseCommitments>
<fsa:LongtermLiabilitiesOtherThanProvisions contextRef="ctx14" decimals="-3" id="fact2691" unitRef="vEUR">7713000</fsa:LongtermLiabilitiesOtherThanProvisions>
<fsa:LongtermLiabilitiesOtherThanProvisions contextRef="ctx15" decimals="-3" id="fact2734" unitRef="vEUR">10773000</fsa:LongtermLiabilitiesOtherThanProvisions>
<fsa:ShorttermLeaseCommitments contextRef="ctx14" decimals="-3" id="fact2692" unitRef="vEUR">3505000</fsa:ShorttermLeaseCommitments>
<fsa:ShorttermTradePayables contextRef="ctx14" decimals="-3" id="fact2693" unitRef="vEUR">11463000</fsa:ShorttermTradePayables>
<fsa:CurrentContractLiabilities contextRef="ctx14" decimals="-3" id="fact2694" unitRef="vEUR">1368000</fsa:CurrentContractLiabilities>
<fsa:ShorttermLeaseCommitments contextRef="ctx15" decimals="-3" id="fact2735" unitRef="vEUR">3719000</fsa:ShorttermLeaseCommitments>
<fsa:ShorttermTradePayables contextRef="ctx15" decimals="-3" id="fact2736" unitRef="vEUR">11930000</fsa:ShorttermTradePayables>
<fsa:CurrentContractLiabilities contextRef="ctx15" decimals="-3" id="fact2737" unitRef="vEUR">2214000</fsa:CurrentContractLiabilities>
<fsa:ShorttermPayablesToGroupEnterprises contextRef="ctx14" decimals="-3" id="fact2695" unitRef="vEUR">234326000</fsa:ShorttermPayablesToGroupEnterprises>
<fsa:ShorttermPayablesToGroupEnterprises contextRef="ctx15" decimals="-3" id="fact2738" unitRef="vEUR">74179000</fsa:ShorttermPayablesToGroupEnterprises>
<fsa:OtherPayablesIncludingTaxPayablesLiabilitiesOtherThanProvisionsShortterm contextRef="ctx14" decimals="-3" id="fact2696" unitRef="vEUR">6951000</fsa:OtherPayablesIncludingTaxPayablesLiabilitiesOtherThanProvisionsShortterm>
<fsa:ShorttermTaxPayables contextRef="ctx14" decimals="-3" id="fact2697" unitRef="vEUR">0</fsa:ShorttermTaxPayables>
<fsa:OtherPayablesIncludingTaxPayablesLiabilitiesOtherThanProvisionsShortterm contextRef="ctx15" decimals="-3" id="fact2739" unitRef="vEUR">32804000</fsa:OtherPayablesIncludingTaxPayablesLiabilitiesOtherThanProvisionsShortterm>
<fsa:ShorttermTaxPayables contextRef="ctx15" decimals="-3" id="fact2740" unitRef="vEUR">4392000</fsa:ShorttermTaxPayables>
<fsa:ShorttermLiabilitiesOtherThanProvisions contextRef="ctx14" decimals="-3" id="fact2698" unitRef="vEUR">257614000</fsa:ShorttermLiabilitiesOtherThanProvisions>
<fsa:LiabilitiesOtherThanProvisions contextRef="ctx14" decimals="-3" id="fact2699" unitRef="vEUR">265327000</fsa:LiabilitiesOtherThanProvisions>
<fsa:LiabilitiesAndEquity contextRef="ctx14" decimals="-3" id="fact2700" unitRef="vEUR">1339559000</fsa:LiabilitiesAndEquity>
<fsa:ShorttermLiabilitiesOtherThanProvisions contextRef="ctx15" decimals="-3" id="fact2741" unitRef="vEUR">129238000</fsa:ShorttermLiabilitiesOtherThanProvisions>
<fsa:LiabilitiesOtherThanProvisions contextRef="ctx15" decimals="-3" id="fact2742" unitRef="vEUR">140011000</fsa:LiabilitiesOtherThanProvisions>
<fsa:LiabilitiesAndEquity contextRef="ctx15" decimals="-3" id="fact2743" unitRef="vEUR">1182583000</fsa:LiabilitiesAndEquity>
<fsa:StatementOfChangesInEquity contextRef="ctx1" id="fact1107" xml:lang="en">Statement of changes in equity  EUR thousand  Reserve for  Share  development  capital  projects  Share-based  Proposed dividends  payment  Retained earnings  for the year  Total  Equity January 1, 2025  5,441  48,483  0 908,599  0 962,523  Net profit for the year  0 0 0 949  0 949  Capitalization development projects  0 44,374  0 -44,374  0 0 Exchange rate adjustments  0 0 0 -1,272  0 -1,272  Equity December 31, 2025  5,441  92,857  0 863,902  0 962,200  </fsa:StatementOfChangesInEquity>
<fsa:DisclosureOfRevenue contextRef="ctx1" id="fact1155" xml:lang="en">1 Revenue  Revenue breakdown by activity:  2025  2024  On-premise revenue  32,562  31,721  Software as a Service revenue  6,018  10,781  Professional service  14,834  12,288  Revenue from subsidiaries  201,614  282,672  255,028  337,462  Revenue breakdown by market:  Scandinavia  86,717  94,122  Rest of Europe  104,397  139,908  NorthAmerica  20,836  40,329  Others  43,078  63,103  255,028  337,462  </fsa:DisclosureOfRevenue>
<fsa:DisclosureOfEmployeeBenefitsExpense contextRef="ctx1" id="fact1192" xml:lang="en">2 Staff expense  2025  2024  Salaries  82,332  81,779  Defined contribution pension plans  2,107  2,003  Social security costs  193  190  84,632  83,972  Including remuneration to the executive and Board of Director:  Executive Board  2,630  8,386  Board of Directors  465  755  3,095  9,141  Average number of employees  606 596 SimCorpâs Board of Directors has adopted an overall policy for remuneration and incentive programs. The policy has been  approved by shareholders at the Annual General Meeting with the overall objective being to promote awareness of profitable  growth and the Groupâs long-term goals.  Where SimCorp provides long-term incentives and benefits, costs are accrued to match the rendering of services by the employees.  After the takeover by Deutsche Börse Group and subsequent delisting of SimCorp, the share-based program compromised of  equity-settled restricted stock units (RSUs) have been reclassified from equity settled to cash settled.  </fsa:DisclosureOfEmployeeBenefitsExpense>
<fsa:AverageNumberOfEmployees contextRef="ctx1" decimals="0" id="fact2625" unitRef="pure">606</fsa:AverageNumberOfEmployees>
<fsa:AverageNumberOfEmployees contextRef="ctx13" decimals="0" id="fact2651" unitRef="pure">596</fsa:AverageNumberOfEmployees>
<fsa:DisclosureOfIncomeIncludingDividendIncomeFromInvestmentsInGroupEnterprisesAndAssociates contextRef="ctx1" id="fact1227" xml:lang="en">3 Income from investments in subsidiaries  2025  2024  Dividends from subsidiaries  35,267  26,288  35,267  26,288  4 Income from investments in associates  2025  2024  Dividends from associates  59  62  59  62  </fsa:DisclosureOfIncomeIncludingDividendIncomeFromInvestmentsInGroupEnterprisesAndAssociates>
<fsa:DisclosureOfOtherFinanceIncome contextRef="ctx1" id="fact1245" xml:lang="en">5 Financial Income  2025  2024  Interest income, subsidiaries  2,752  6,572  Foreign exchange gains  12,106  1,607  Other financial income  1,177  848  16,035  9,027  </fsa:DisclosureOfOtherFinanceIncome>
<fsa:DisclosureOfOtherFinanceExpenses contextRef="ctx1" id="fact1260" xml:lang="en">6 Financial expense  2025  2024  Interest expenses, subsidiaries  2,419  5,286  Foreign exchange loss  22,315  0 Other financial expenses  214  413  24,948  5,699  </fsa:DisclosureOfOtherFinanceExpenses>
<fsa:DisclosureOfTaxExpenses contextRef="ctx1" id="fact1275" xml:lang="en">7 Tax on the profit of the year  EUR thousand  2025  2024  Current tax for the year  1 8,715  Deferred tax for the year  5,385  11,792  Prior-year adjustments, current tax  9,842  687  Prior-year adjustments, deferred tax  -9,597  -580  5,631  20,614  </fsa:DisclosureOfTaxExpenses>
<fsa:DisclosureOfTheManagementsProposedDistributionOfProfitLoss contextRef="ctx1" id="fact1294" xml:lang="en">Proposed distribution of net profit  2025  2024  </fsa:DisclosureOfTheManagementsProposedDistributionOfProfitLoss>
<fsa:TransferredToFromRetainedEarnings contextRef="ctx13" decimals="-3" id="fact2653" unitRef="vEUR">107739000</fsa:TransferredToFromRetainedEarnings>
<fsa:TransferredToFromRetainedEarnings contextRef="ctx1" decimals="-3" id="fact2627" unitRef="vEUR">949000</fsa:TransferredToFromRetainedEarnings>
<fsa:DisclosureOfIntangibleAssets contextRef="ctx1" id="fact1297" xml:lang="en">9 Intangible assets  Completed  Development  development  projects in progress  Software  projects  Total  Cost at January 1, 2025  24,927  8,053  40,827  73,807  Exchange rate adjustment  -20  0 -53  -73  Additions during the year  68,605  0 0 68,605  Transfers during year from development projects in progress  -63,817  0 63,817  0 Cost at December 31  29,695  8,053  104,591  142,339  Impairment losses and amortization at January 1  0 8,053  3,595  11,648  Exchange rate adjustment  0 0 -8  -8  Amortization for the year  0 0 11,650  11,650  Impairment losses and amortization at December 31  0 8,053  15,237  23,290  Carrying amount at December 31, 2025  29,695  0 89,354  119,049  Development projects comprise development of new functionalities on existing products. The new functionalities will improve  processes and are expected to be sold to current clients.  Completed  development  Software  projects  Amortization period  5 years  7 years  </fsa:DisclosureOfIntangibleAssets>
<fsa:DisclosureOfPropertyPlantAndEquipment contextRef="ctx1" id="fact1365" xml:lang="en">10  Property, plant and equipment  Land and  Other fixture, fittings,  Leasehold  buildings Plant and machinery tools and equipment  improvements  Total  Cost at January 1, 2025  32,266  9,032  3,278  2,574  47,150  Exchange rate adjustment  -97  -19  0 -8  -124  Additions during the year  450  314  5 0 769  Disposal during the year  0 -5,880  0 -54  -5,934  Cost at December 31  32,619  3,447  3,283  2,512  41,861  Impairment losses and depreciation at January 1  18,379  6,857  2,849  2,316  30,401  Exchange rate adjustment  -69  -13  -2  -61  -145  Depreciation for the year  3,552  940  269  59  4,820  Reversal of impairment and depreciation of sold assets  0 -5,871  -315  0 -6,186  Impairment losses and amortization at December 31  21,862  1,913  2,801  2,314  28,890  Carrying amount at December 31, 2025  10,757  1,534  482  198  12,971  Other fixture, fittings,  Leasehold  Land and buildings Plant and machinery tools and equipment  improvements  Depreciation period  Up to 10 years  Up to 3 years  Up to 5 years  Up to 10 years  Including Right-of-Use  10,757  142  122  0 Interest expense recognized as part of cost  1,009  0 60  0</fsa:DisclosureOfPropertyPlantAndEquipment>
<fsa:DisclosureOfInvestments contextRef="ctx1" id="fact1462" xml:lang="en">11  Other non-current assets  Investment in  Investment in  2025  subsidiaries  associates  Other investments  Deposits  Total  Cost at January 1, 2025  648,179  140  5,029  1,647  654,995  Exchange rate adjustment  -931  0 -7  0 -938  Additions during the year*  76,908  0 80  38  77,026  Disposal during the year**  0 0 -4,303  0 -4,303  Cost at December 31, 2025  724,156  140  799  1,685  726,780  Carrying amount at December 31, 2025  724,156  140  799  1,685  726,780  Dividends received  0 0 0 0 0 Additions during the year*  Domos FS Limited  43,432  0 0 0 43,432  Axioma Inc.  33,476  0 0 0 33,476  76,908  76,908  Disposal during the year**  Domos FS Limited  0 0 -4,303  0 -4,303  Investments in Subsidiaries are specified as follows:  Net Result  Name  Registered office  capital  2024  </fsa:DisclosureOfInvestments>
<fsa:DisclosureOfOwnership contextRef="ctx1" id="fact1542" xml:lang="en">Ownership  Equity 2024  Domos Technology France  Paris, France  EUR  50  100%  1,432  -342  Domos FS Limited  London, United Kingdom  GBP  188  100%  3,342  -345  SimCorp sp z.o.o.  Warsaw, Poland  PLN  5 100%  8,274  5,943  SimCorp Japan KK  Tokyo, Japan  JPY  0 100%  -36,798  -12,210  SimCorp France S.A.S.  Paris, France  EUR  500  100%  6,049  1,861  SimCorp Schweiz AG  Zurich, Switzerland  CHF  100  100%  2,631  -1,681  SimCorp NorgeAS  Oslo, Norway  NOK  1,000  100%  1,654  15,328  SimCorp Iberia S.L. (Spain)  Barcelona, Spain  EUR  3 100%  1,258  362  SimCorp Ukraine LLC  Kiev, Ukraine  UAH  2,968  100%  111,925  35,790  SimCorpAustria GmbH  Vienna, Austria  EUR  35  100%  13,534  4,093  SimCorp Luxembourg S.a.r.l.  Luxemburg, Luxemburg  EUR  31  100%  34,670  710  SimCorp Gain Switzerland GmbH  Zurich, Switzerland  CHF  100  100%  1,714  51  SimCorp Ltd. (UK)  London, United Kingdom  GBP  100  100%  5,668  3,297  SimCorp Canada Inc.  Toronto, Canada  CAD  8,500  100%  9,708  2376  SimCorp GmbH (Germany)  Bad Homburg, Germany  EUR  102  100%  9,427  4,004  SimCorp Hong Kong Ltd.  Hong Kong, China  HKD  14,000  100%  17,835  1,992  SimCorp Italiana S.r.l  Milan, Italy  EUR  2,100  100%  11,773  8,424  SimCorp Philippines Inc.  Manila, Philippines  PHP  5,420  100%  20,894  11,604  SimCorpAdvanced for Information Technology  Riyadh, Saudi Arabia  SAR  38  100%  760  2993  SimCorp Singapore Pte. Ltd.  Singapore, Singapore  SGD  0 100%  3,893  2,375  SimCorp USA Inc.  New York, USA  USD  7,010  100%  25,932  2,105  SimCorp SverigeAB  Stockholm, Sweden  SEK  100  100%  33,878  20,773  SimCorp India LLP  Noida, India  INR  100  100%  42,923  51,022  SimCorp Coric Ltd. (UK)  London, United Kingdom  GBP  721  100%  2,713  1,173  SimCorp Coric Inc.  Boston, USA  USD  2 100%  2,186  98  SimCorpAsia Pty. Ltd.  Sydney, Australia  AUD  1,000  100%  6,376  2,170  SimCorp Benelux SA/NV  Brussels, Belgium  EUR  62  100%  831  2,680  SCIM SDN. BHD.*  Malaysia  MYR  0 100%  -203  -203  SC Mexico â Delivery Center, S. de R.L.*  Mexico, Mexico  MXN  2 100%  2 0 SimCorp TalentCoApS*  Copenhagen, Denmark  DKK  40  100%  40  0 Axioma Inc.  New York, United States  USD  109,255  100%  789,019  9,439  Axioma Ltd.  Sydney, Australia  AUD  0 100%  2,009  571  AxiomaArgentina S.A.Ul  Buenos Aires, Argentina  ARS  100  100%  3,668,419  1,756,724  AxiomaAsia Pte, Ltd.  Singapore, Singapore  SGD  50  100%  1,653  397  Axioma S.A.S.U.  Paris, France  EUR  20  100%  1,613  1,487  Axioma (HK) Ltd.  Hong Kong, Hong Kong  HKD  0 100%  14,194  1,690  Axioma (CH) GmbH  Geneva, Switzerland  CHF  20  100%  958  1,034  Axioma Deutschland GmbH  Frankfurt/Main, Germany  EUR  25  100%  247  86  Axioma (UK) Ltd.  London, United Kingdom  GBP  11  100%  7,139  1,513  As Annual Report 2025 for subsidiaries are not finalized, equity and net results are presented in 2024 figures.  Investments in associates are specified as follows:  Share  Name  Registered office  capital  Ownership  Dyalog Ltd  Newport pagnell, UK  GBP  68  24,78%  -2,743  -7,817  Opus Nebula Ltd  Berkhamsted, UK  GBP  10  24,99%  535  144  </fsa:DisclosureOfOwnership>
<fsa:DisclosureOfReceivables contextRef="ctx1" id="fact1865" xml:lang="en">12  Contract balances  Invoiced from  Opening balance  Net additions  opening balance  Adjustments1  Closing balance  Contract assets (gross)  53,397  14,315  -12,537  7 55,182  Loss allowance  -93  31  0 0 -62  Contract assets (NPV)  53,304  14,346  -12,537  7 55,120  1 Adjustments include: reclassifications, foreign exchange adjustments, cumulative catch-up adjustments (including those arising from change in measurement of progress, change  in estimate of transaction price and contract modifications), change in time frame for a right to consideration to become unconditional or for a performance obligation to be satisfied.  Revenue recognized  from opening  Opening balance  Net additions  balance  Adjustments  Closing balance  Contract liabilities (prepayments from clients)  2,214  988  -2,540  706  1,368  </fsa:DisclosureOfReceivables>
<fsa:ExplanationOfPrepayments contextRef="ctx1" id="fact1909" xml:lang="en">13  Prepayments  Prepayments primarily consist of amounts prepaid to suppliers of services.  </fsa:ExplanationOfPrepayments>
<fsa:DisclosureOfEquity contextRef="ctx1" id="fact1912" xml:lang="en">14 Equity  The share capital consists of 40,500,000 shares of a nominal value of DKK 1.  No shares carry any special rights.  </fsa:DisclosureOfEquity>
<fsa:DisclosureOfProvisionsForDeferredTax contextRef="ctx1" id="fact1915" xml:lang="en">15  Provision for deferred tax  Provision for deferred tax  2025  2024  Intangible assets  -26,009  -14,770  Property, plant and equipment  -2,179  -2,901  Contract assets  -45,118  -51,412  Lease liabilities  2,246  3,118  Liabilities  0 -3  Provisions  1,214  622  Incentive programs  2,982  6,350  Tax loss  3,747  0 -63,117  -58,996  Deferred tax is allocated 22% corresponding to the applicable tax rate  2025  2024  Provision for deferred tax January 1  -58,996  -47,813  Deferred tax recognized in the income statement  5,385  -11,792  Deferred tax recognized in the equity  0 0 Foreign exchange adjustments  91  29  Prior-year adjustments  -9,597  580  -63,117  -58,996  </fsa:DisclosureOfProvisionsForDeferredTax>
<fsa:DisclosureOfOtherProvisions contextRef="ctx1" id="fact1966" xml:lang="en">16  Other provisions  Other provisions  2025  2024  Incentive programs  35,269  18,633  Re-establishment costs for rented premises  838  755  Anniversary bonus  1,925  1,665  Earn Out  6,230  0 Purchase Price Prov.  4,655  0 48,916  21,053  </fsa:DisclosureOfOtherProvisions>
<fsa:DisclosureOfLiabilitiesUnderLeases contextRef="ctx1" id="fact1988" xml:lang="en">17  Lease liability  Lease liability  2025  2024  Payable after 5 years  0 0 Payable within 1 to 5 years  7,713  10,773  Long-term part  7,713  10,773  Payable within 1 year  3,505  3,719  11,218  14,492  </fsa:DisclosureOfLiabilitiesUnderLeases>
<fsa:DisclosureOfContingentLiabilities contextRef="ctx1" id="fact2007" xml:lang="en">18  Contingent liabilities and other obligations  SimCorp A/S has issued guarantees for its subsidiariesâ delivery commitments to clients for a total of EUR 51.9 million (2024: EUR  60.0 million).  SimCorp A/S has provided guarantees for credit facilities totaling EUR 0.2 million (2024: EUR 0.2 million) to certain subsidiaries.  Bank guarantees have been provided for rent commitments in Australia and Germany totaling EUR 1.0 million (2024: EUR 1.0  million).  SimCorp A/S has financial commitments with suppliers for EUR 526.0 million (2024: EUR 600.0 million) mainly related to  infrastructure services for cloud solutions.  </fsa:DisclosureOfContingentLiabilities>
<fsa:DisclosureOfRelatedParties contextRef="ctx1" id="fact2017" xml:lang="en">19  Related parties  Transaction  The Company has chosen only to disclose transactions which have not been made on an arm's length basis in accordance with  section 98(c)(6) of the Danish Financial Statements Act. There are no transactions that are not on arm's length basis.  Consolidated Financial Statements  The Company is included in the Group Annual Report of the Parent Company:  Name: Deutsche Börse Aktiengesellschaft  Place of registered office: Mergenthaleralle 61, 65760 Eschborn, Germany  The Group Annual Report can be obtained at the following address:  Deutsche Börse Aktiengesellschaft  Mergenthaleralle 61  65760 Eschborn  Germany  </fsa:DisclosureOfRelatedParties>
<fsa:DisclosureOfSignificantEventsOccurringAfterEndOfReportingPeriod contextRef="ctx1" id="fact2031" xml:lang="en">20  Subsequent events  No events materially affecting the assessment of the Annual Report occurred after the balance sheet date.  </fsa:DisclosureOfSignificantEventsOccurringAfterEndOfReportingPeriod>
<fsa:DisclosureOfAccountingPolicies contextRef="ctx1" id="fact2035" xml:lang="en">Accounting policies  General  The annual report for SimCorp A/S has been prepared in accordance with the Danish Financial Statements Act regulations  concerning reporting class C enterprises (large enterprises).  Presentation currency  The Financial Statements are presented in EUR, rounded to the nearest EUR 1,000. Deviations may therefore occur between the  stated totals and the sum of the underlying figures.The functional currency of the Company is DKK.  </fsa:DisclosureOfAccountingPolicies>
<fsa:ExplanationOfNotDisclosingCashFlowsStatements contextRef="ctx1" id="fact2042" xml:lang="en">Omission of a cash flow statement  Pursuant to section 86 (4) of the Danish Financial Statements Act, no statement of cash flows for the enterprise has been prepared,  as the relevant information is included in the Group Annual Report of Deutsche Börse Group.  </fsa:ExplanationOfNotDisclosingCashFlowsStatements>
<fsa:InformationOnOmissionOfConsolidatedFinancialStatement contextRef="ctx1" id="fact2045" xml:lang="en">Omission of a Consolidated Financial Statements  Pursuant to section 112(1) of the Danish Financial Statements Act, no Consolidated Financial Statements have been prepared.  Simcorp A/S and group entities are included in the Group Annual Report of Deutsche Börse Group.  </fsa:InformationOnOmissionOfConsolidatedFinancialStatement>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisIncludingBasesUsedForRevaluationsDepreciationAmortisationEstimatedResidualValueUsefulLifeWritedownsUpwardAndDownwardAdjustments contextRef="ctx1" id="fact2048" xml:lang="en">Omission of audit remuneration  In accordance with section 96(3) of the Danish Financial Statements Act, fees paid to the auditors appointed at the annual general  meeting have been omitted as it is included in the Group Annual Report of Deutsche Börse Group.  Recognition and measurement in general  Revenues are recognized in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities  measured at fair value or amortized cost are recognized. Moreover, all expenses incurred to achieve the earnings for the year are  recognized in the income statement, including depreciation, amortization, impairment losses and provisions as well as reversals  due to changed accounting estimates of amounts that have previously been recognized in the income statement.  Assets are recognized in the statement of financial position when it is probable that future economic benefits will flow to the  Company and the value of the asset can be reliably measured.  Liabilities are recognized in the statement of financial position when it is probable that future economic benefits will flow out of the  Company and the value of the liability can be reliably measured.  Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measures as described for each item  below.  </fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisIncludingBasesUsedForRevaluationsDepreciationAmortisationEstimatedResidualValueUsefulLifeWritedownsUpwardAndDownwardAdjustments>
<fsa:DescriptionOfMethodsOfTranslationOfForeignCurrencies contextRef="ctx1" id="fact2062" xml:lang="en">Foreign currency translation  Transactions in foreign currency are translated by using the exchange rate prevailing at the date of the transaction. Differences in  the rate of exchange arising between the rate at the date of transaction and the rate at the date of payment are recognized in the  profit and loss account as an item under financial income or financial expenses.  Receivables, payables, and other foreign currency monetary items that have not been settled at the balance sheet date are  translated at the exchange rates at the balance sheet date. The difference between the closing rate and the rate at the time of the  occurrence or initial recognition in the latest Financial Statements of the receivable or payable is recognized in the income  statement under financial income and expenses.  Fixed assets acquired and paid for in foreign currency are measured at the exchange rate at the date of the transaction.  Foreign exchange adjustments of intra- group accounts are recognized in the income statement in SimCorp A/Sâ Financial  Statements. Foreign exchange adjustments of intra-group accounts between SimCorp A/S and subsidiaries are considered part  of the net investment in the subsidiaries concerned. Settlement of intra-group balances considered part of the net investment are  not, per se, considered a partial divestment of a subsidiary.  </fsa:DescriptionOfMethodsOfTranslationOfForeignCurrencies>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIncomeStatementItems contextRef="ctx1" id="fact2076" xml:lang="en">Income statement</fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIncomeStatementItems>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfRevenue contextRef="ctx1" id="fact2077" xml:lang="en">Revenue  The Company has applied IFRS 15 as its basis of interpretation for the recognition of revenue.  In fiscal year 2025, SimCorp revised the revenue allocation methodology applied to its Software Solutions business unit in  accordance with IFRSê¢15. Previously, after recognising service-related performance obligations over time, the residual software  revenue was allocated using a simplified approach whereby license and maintenance revenue were split 50/50.  Under the revised methodology, the transaction price is allocated to individual performance obligations based on their estimated  standâalone selling prices. For maintenance and support services, standâalone selling prices are now determined using an  expected costâplusâmargin approach, leveraging newly implemented internal cost tracking and userâbased data. These estimates  are supplemented with a marketâstandard margin. License revenue continues to be determined as the residual amount, consistent  with IFRSê¢15 and prevailing practice for software companies where observable standâalone selling prices are not available.  This enhanced approach enables a more precise and transparent allocation of contract consideration across performance  obligations. The change has been applied prospectively from Septemberê¢2025 and represents a change in estimate. The impact  of the change resulted in an increase in reported sales revenue of â¬2.9ê¢million in fiscal year 2025.  Contract Identification  Contracts can include several components, in this situation, the total contract consideration is allocated to the separate  performance obligations for the purpose of revenue recognition.  Separate contracts with the same client are treated as one contract if entered into at or near the same time and economically  interrelated. Contracts closed more than 6 months apart are not considered to be entered at the same time.  In determining whether the various contracts are interrelated judgment is required. Considerations include: whether the contracts  were negotiated as a package with a single commercial objective, whether the amount of consideration on one contract is  dependent on the performance of another contract, or if some or all offerings in the contract are a single performance obligation.  Additional agreements with existing clients can be a new contract or a modification to existing contracts. Judgments making this  determination consider: the presence of a connection between the new agreement and pre-existing contracts, whether subscription  fees, license fees, software updates and support fees or services under the new agreement are highly interrelated with the  subscription fees, license fees and software updates and support fees or services sold under prior agreements, and how the  subscription fees, license fees and software updates and support fees or services under the new agreement are priced. Conversion  of a perpetual license agreement to a subscription-based license agreement is accounted for as a termination of the perpetual  license agreement and a new subscription license agreement.  Performance obligation identification  Contracts often include several components. License fees from new clients and to existing clients, software updates and support  fees, fees from platform as a service, and fees from Client Reporting Services, Digital Portal Services, Investment Accounting  Services (IAS), Investment Operational Services (IOS), Data Management Services, Regulatory Reporting Platform Services  (RRP), and other services, and furthermore licenses and services fees from the partner ecosystem and fees from implementation  and onboarding services constitute the main performance obligations. The fees allocated to the different performance obligations  are recognized separately.  The only performance obligation related to license agreements has been identified as the right to use the software. The right to  use software license is considered a separate performance obligation when it satisfies the following conditions: can be delivered  separately from other services, can be installed by a third party, can be used without upgrades, and is functional without upgrades  or technical support.  Judgment is required in determining whether a component is considered a separate performance obligation, in particular,  professional services for implementation and onboarding activities. Consideration is given as to whether the services significantly  integrate, customize, or modify the software or platform as a service offering. In general, implementation services and onboarding  activities go beyond setup and qualify as a separate performance obligation. Options to acquire additional components such as  renewals or additional volumes require judgment in determining whether such options provide a material right to the client which  the client would not receive without entering into that contract. In this judgment it is considered whether the options entitle the  customer to a discount that exceeds the discount granted for the respective subscription fees, license fees, software updates and  support fees sold with the option.  Transaction price  Estimate is applied in determining the amount to which SimCorp expects to be entitled in exchange for transferring licenses, and  software updates and support and services to a customer.  The consideration attributable to license fees in subscription-based agreements are discounted to net present value when the  value of the financing element is deemed significant. If the period between licenses transfer, software updates and support and  payment from the clients is a year or less no financing component is recognized.  A hierarchy has been established to identify the standalone selling prices used to allocate the transaction price of a customer  contract to the performance obligations in the contract.  Where standalone selling prices for a performance obligation are observable and reasonably consistent across customers,  estimates are derived from SimCorpâs pricing history. Using this approach, professional services stand-alone value is determined  based on the hourly billing rate for the relevant market unit. Platform as a service is assumed to be quoted to the client at their  stand-alone value if it is equal to or above costs.  Where sales prices are not directly observable or are highly variable across customers, estimation techniques are applied, such  as a cost-plus-margin approach. This approach is often applied to third party products.  If not renewable, with highly variable pricing, and no substantial direct costs to estimate based on a cost-plus margin approach,  allocation is achieved by applying a residual approach. We use this technique in particular for license and software updates and  support.  Once the standalone price for other components is estimated, an apportionment is applied to allocate the price between license  and software updates and support after deducting other performance obligations from the total consideration as follows.  Apportionment applied  Dimension  Coric  Gain  Sofia  License  Total license less SW Upd & Support 75%  Software updates and support Cost plus margin  25%  50%  33,3%  50%  Service  Sold separate  Sold separate Sold separate 33,3%  33,3%  Total apportionment  100%  100% 100% 100%  Revenue recognition  Revenue recognition requires an agreement with the client which creates enforceable rights and obligations between the parties,  has commercial substance, and identifies payment terms. In addition, it must be probable that the consideration determined in the  contract will be collected.  Revenue is recognized when the client has obtained control of the license or service and has the ability to use and obtain  substantially all the benefits from the license or service.  SimCorp has therefore assessed that the client obtains control of the license when all the following criteria are met: a binding  contract is entered into; the license is delivered; and the client has the right to use it. License revenue is therefore generally  recognized at that point-in-time.  When the contract contains functionality gaps or requires client acceptance of functionality, the revenue recognition will be deferred  until the time of delivery or acceptance.  Revenue from software updates and support agreements is recognized on a straight-line basis over the contract period.  defined  software. Such agreements are individually evaluated to determine if revenue is recognized at a point in time or over time.  SaaS covering infrastructure services, operating services, Digital Portal services, Investment Accounting Services (IAS),  Investment Operational Services (IOS), Data Management Services and Regulatory Reporting Platform Services (RRP) are  revenue recognized over the term of the service.  Professional services fees are recognized based on work performed for time and material contracts. Fixed fee agreements are  recognized based on percentage of share of completion unless client acceptance is required.  The percentage-of-completion method requires estimation of total revenue and the stage of completion. The assumptions,  estimates, and uncertainties inherent in determining the stage of completion affect the timing and amounts of revenue recognized.  Changes in estimates of progress towards completion and of contract revenue and costs are accounted for as cumulative catch-  up adjustments to the reported revenue for the applicable contract.  Revenue is measured at the consideration received and is recognized exclusive of VAT and net of discounts related to sales.  Revenue from subsidiaries  The revenue is consisting of product fees paid from subsidiaries to remunerate SimCorp A/S for being the owner, developer and  seller of investment and portfolio management software sold under the name "SimCorp Dimension".  The product fees are calculated in accordance with the Master Distribution and Services Agreements.  During 2025 Management has assessed a revised dataset used for calculating product fees in line with local compliance  requirements should be applied, and the change has been accounted for as a contract modification in accordance with IFRS 15.  This resulted in a one-off reduction in revenue of EUR 94m in 2025.  </fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfRevenue>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfOtherOperatingIncomeAndExpenses contextRef="ctx1" id="fact2221" xml:lang="en">Other operating income  Other operating income comprises income of a secondary nature relative to the activities of the Company, including gains on the  sale of intangible assets and property, plant, and equipment and income from subsidiaries for delivered services.  </fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfOtherOperatingIncomeAndExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfCostOfSales contextRef="ctx1" id="fact2224" xml:lang="en">Cost of sales  Cost of sales comprises services purchased from subsidiaries. The services purchased are related to product development  projects, client services and other services which are provided to clients.  Costs are recognized in the income statement when the service is delivered.  </fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfCostOfSales>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfExternalExpenses contextRef="ctx1" id="fact2228" xml:lang="en">Other External expenses  Other external expenses comprise indirect production costs, expenses for premises, sales, distribution IT cost, other external  consultants, and office expenses.  </fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfExternalExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfEmployeeBenefitExpense contextRef="ctx1" id="fact2231" xml:lang="en">Staff expenses  Staff expenses comprise salaries, wages, bonuses, social security and share-based payment. Staff expenses are recognized as  expenses in the income statement in the period in which the related services are rendered by employees. They are measured at  the amounts payable to employees based on contractual agreements, employment terms, and applicable wage rates.  </fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfEmployeeBenefitExpense>
<fsa:DescriptionOfMethodsOfImpairmentLossesAndDepreciation contextRef="ctx1" id="fact2235" xml:lang="en">Depreciation and amortization  The basis of depreciation is calculated with due consideration to estimated residual value after the end of useful life and any prior  impairment write down. The estimated useful life and the residual value after the end of useful life of each asset is determined at  the date of acquisition and reassessed annually. When the estimated residual value after the end of useful life value equals the  carrying amount of the assets, the asset ceases to be depreciated. Any change in depreciation period or scrap value is recognized  as a change in accounting estimates.  Property, plant, and equipment are depreciated on a straight-line basis over the estimated useful lives of the assets, which are as  follows:  ⢠Leasehold over the lease term up to 10 years  ⢠Technical equipment up to 3 years  ⢠Other equipment, fixtures, and fittings up to 5 years  Intangible assets are amortized on a straight-line basis over the estimated useful lives of the assets, which are as follows:  ⢠Software up to 5 years  ⢠Completed development projects up to 7 years  </fsa:DescriptionOfMethodsOfImpairmentLossesAndDepreciation>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfOtherOperatingExpenses contextRef="ctx1" id="fact2254" xml:lang="en">Other operating expenses  Other operating costs comprise items of secondary nature as regards the principal activities of the enterprise, including losses on  the disposal of intangible and tangible assets.  </fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfOtherOperatingExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIncomeAndExpensesFromInvestmentsInGroupEnterprisesAndAssociates contextRef="ctx1" id="fact2257" xml:lang="en">Income from investments in subsidiaries  Income from investment in subsidiaries comprise dividends received from subsidiaries.  </fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIncomeAndExpensesFromInvestmentsInGroupEnterprisesAndAssociates>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfFinanceIncomeAndExpenses contextRef="ctx1" id="fact2259" xml:lang="en">Financial income and expenses  Financial income and expenses are recognized in the income statement with the amounts concerning the financial year. Financial  income and expenses comprise interest income and expenses, debt and transactions in foreign currency.  </fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfFinanceIncomeAndExpenses>
<fsa:DescriptionOfOtherTaxExpenses contextRef="ctx1" id="fact2262" xml:lang="en">Tax on the profit for the period  Tax for the year comprises the current income tax for the year and changes in deferred tax and is recognized in the income  statement with the share attributable to the net profit or loss for the year and directly in equity with the share attributable to entries  directly in equity.  The Company is subject to Danish rules on compulsory joint taxation of Danish group enterprises.  The current Danish income tax is allocated among the jointly taxed companies proportional to their respective taxable income (full  allocation with reimbursement of tax losses).  </fsa:DescriptionOfOtherTaxExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfAssetsAndLiabilities contextRef="ctx1" id="fact2269" xml:lang="en">Statement of financial position</fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfAssetsAndLiabilities>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIntangibleAssets contextRef="ctx1" id="fact2270" xml:lang="en">Intangible assets  Intangible assets with limited economic lives are measured at cost less accumulated amortization and impairment losses.  Intangible assets are primarily capitalized development costs.  Capitalized development costs comprise salaries plus overheads. Development costs comprise costs attributable to the  Companyâs development functions, including salaries, and other employee costs and amortization.  Amortization of capitalized development costs commences once the developed software is completed and available for use.  SimCorp A/S has since April 2023 worked on identifying development projects. As of October 1, 2023, it was deemed that costs  meeting the requirement in IAS 38, paragraph 57 could be capitalized, as the costs meet the capitalization requirements.  </fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIntangibleAssets>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfPropertyPlantAndEquipment contextRef="ctx1" id="fact2278" xml:lang="en">Property, plant, and equipment  Property, plant, and equipment are measured at cost less accumulated depreciation and accumulated impairment losses.  Cost comprises the cost of acquisition and expenses directly related to the acquisition up until the time when the asset is ready for  use.  Depreciation based on cost reduced by any residual value is calculated on a straight-line basis over the expected useful lives of  the assets.  The fixed assets residual values are determined at nil.  Depreciation periods and residual value are reassessed annually.  Technical equipment includes IT and other equipment owned. Other equipment includes owned fixtures and fittings.  </fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfPropertyPlantAndEquipment>
<fsa:DescriptionOfMethodsOfLeases contextRef="ctx1" id="fact2287" xml:lang="en">Leases  The Company has applied IFRS 16 when measuring and recognizing leases.  Leases are recognized at present value of the right of use received and liabilities for the payment obligations entered into for all  leases in the balance sheet. Lease payments are discounted at the implicit interest rate underlying the lease to the extent that this  can be determined. Otherwise, discounting is at the incremental borrowing rate.  Right-of-use assets are measured at cost, which comprises the following:  ⢠lease liability  ⢠lease payments made at or prior to delivery, less lease incentives received;  ⢠initial direct costs and  ⢠restoration obligations.  Right-of-use assets are depreciated over the term of the lease using the straight-line method, normally a depreciation period  corresponding to the lease period. The Company has used the relief options provided for leases of low-value assets and short-  term leases (shorter than twelve months) and expense the payments in the income statement according to the straight-line method.  Extension and termination options exist for a number of leases, particularly for real estate. Such contract terms offer the Company  the greatest possible flexibility in doing business. In determining lease terms, all facts and circumstances offering economic  incentives for exercising extension options or not exercising termination options are taken into account. Changes due to the  exercise or non-exercise of such options are considered in determining the lease term only if they are sufficiently probable.  The Company leases vehicles and equipment with lease terms of three to five years. Agreements might include options to purchase  assets at the end of the contract term or guarantees in relation to the residual value of the leased asset at the end of the contract  term. The use of vehicles and equipment is monitored and the estimated amount payable reassessed at the reporting date to  remeasure lease liabilities and right-of-use assets.  None of the Groupsâ right-of-use assets meet the definition of investment property.  Extension and termination options are included in a number of property and equipment leases across the group. These are used  to maximize operational flexibility in terms of managing the assets used in the Companyâs operations. The majority of extension  and termination options held are exercisable only by the Company and not by the respective lessor. The Company assesses at  the lease commencement date whether it is reasonably certain to exercise such options and reassesses if there is a significant  event.  Additionally, some leases provide for additional payments based on changes to local price indices, these amounts are generally  determined annually.  Payments associated with short-term leases and leases of low-value assets are recognized on a straight-line basis as an expense  in the income statement. Short- term leases are leases with a term of 12 months or less. Low-value assets comprise IT-equipment  and small items of office furniture.  </fsa:DescriptionOfMethodsOfLeases>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfReceivables contextRef="ctx1" id="fact2321" xml:lang="en">Contract assets and contract liabilities  Contract balances consist of client-related assets and liabilities.  Contract assets relate to the Companyâs rights to consideration for software licensed to clients under subscription agreements with  future payments when the right is conditional on SimCorpâs future performance.  Contract liabilities represent mainly prepayments from clients for unsatisfied or partially satisfied performance obligations in relation  to licenses, software updates and support, and services. Software updates and support and hosting billing generally occur at  periodic intervals (e.g. quarterly or yearly) prior to revenue recognition, resulting in contract liabilities.  </fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfReceivables>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisForInvestmentsInSubsidiariesAndAssociates contextRef="ctx1" id="fact2329" xml:lang="en">Investment in associates and subsidiaries  Investments in subsidiaries and associates are measured at costs.  In September 2025, SimCorp A/S disposed of its investment classified as other investments in Domos FS Limited and, in the same  period, completed the acquisition of 100% of the shares in Domos FS Limited, thereby obtaining full control.  </fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisForInvestmentsInSubsidiariesAndAssociates>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfInvestments contextRef="ctx1" id="fact2333" xml:lang="en">Financial assets  Financial assets comprise other financial assets, deposits, receivables and cash and cash equivalents.  Deposits are primarily related to leasing of offices. Security deposits which will not be returned within one year of the statement of  financial position date are recognized as non-current assets. Commitments which require a deposit will initially be recorded to the  deposit asset account. If the deposit is not recovered, it is charged to the income statement.  Other financial assets comprise investments in shares of unlisted entities and are measured at cost.  Receivables are measured in the balance sheet at the lower of amortized cost and net realizable value, which corresponds to  nominal value less provisions for bad debt.  </fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfInvestments>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfLiabilitiesOtherThanProvisions contextRef="ctx1" id="fact2341" xml:lang="en">Financial liabilities  Financial liabilities comprise lease liabilities, borrowings, trade payables and other payables.  Loans  Loans, such as mortgage loans and loans from credit institutions, are recognized initially at the proceeds received net of transaction  expenses incurred. Subsequently, the loans are measured at amortized cost; the difference between the proceeds and the nominal  value is recognized as an interest expense in the income statement over the loan period.  Trade payables and other payables  Other payables include bonus and commission accruals, vacation pay obligations, payroll taxes and VAT. Other debt are measured  at amortized cost, substantially corresponding to nominal value.  </fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfLiabilitiesOtherThanProvisions>
<fsa:DescriptionOfMethodsOfCurrentTaxReceivablesAndLiabilities contextRef="ctx1" id="fact2352" xml:lang="en">Current tax liabilities and receivables  Current tax liabilities and receivables are recognized in the balance sheet as the expected taxable income for the year adjusted  for tax on taxable incomes for prior years and tax paid on account.  Extra payments and repayment under the on-account taxation scheme are recognized in the income statement in financial income  and expenses.  </fsa:DescriptionOfMethodsOfCurrentTaxReceivablesAndLiabilities>
<fsa:DescriptionOfMethodsOfDividends contextRef="ctx1" id="fact2357" xml:lang="en">Dividends  The expected dividend payment for the year is disclosed as a separate item in equity. Proposed dividends are recognized as a  liability at the date they are adopted by the annual general meeting (declaration date). There is no proposed dividends for year  Reserve for development projects  The reserve for development projects comprises capitalized development costs excluding tax. The reserve cannot be used to  distribute dividends or cover losses. The reserve will be reduced or dissolved as the capitalized development costs are amortized  or if they are no longer part of SimCorp A/S operation by a transfer directly to distributable reserves under equity.  Related party transactions  Related parties exercising a significant influence comprise the Companyâs Board of Directors and Executive Management Board  as well as relatives of these persons. Related parties also comprise companies in which the individuals mentioned above have  material interests.  Other related parties are considered to be subsidiaries and associated companies in which SimCorp A/S has a controlling or  significant influence.  All agreements relating to these transactions are based on market price.  </fsa:DescriptionOfMethodsOfDividends>
<mrv:DescriptionOfKeyFiguresAndFinancialRatios contextRef="ctx1" id="fact2371" xml:lang="en">Financial ratio definitions  Gross margin (%)  Gross profit / revenue x 100  Profit margin (%)  Operating profit / revenue x 100  Return on assets (%)  Operating profit / average total assets x 100  Solvency ratio (%)  Equity / total assets  Return on equity (%)  Net profit for the year / average equity x 100  Annual recurring revenue (ARR) (forward Annual recurring revenue is the total of the average monthly revenue of all  looking) contracts in force at a point in time multiplied by 12  Financial highlights  </mrv:DescriptionOfKeyFiguresAndFinancialRatios>
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