The following table shows contingent liabilities from warranty agreements and other contingent liabilities as of the reporting date:
| Contingent liabilities | ||
|---|---|---|
| Dec. 31, 2024 | Dec. 31, 2025 | |
| € million | € million | |
| Warranty contracts | 2 | 2 |
| Other contingent liabilities | 7 | 8 |
| Total | 9 | 10 |
Other financial obligations consisted of the following:
| Other financial commitments | ||
|---|---|---|
| Dec. 31, 2024 | Dec. 31, 2025 | |
| € million | € million | |
| Orders already placed for started or planned investment projects | 383 | 263 |
| Loan commitments to pension funds | 156 | 156 |
| Agreement on investment in BioBTX, Groningen (Netherlands) | 4 | 3 |
| Total | 543 | 422 |
Some of the pension obligations allocable to the Covestro Group are funded through pension institutions used jointly with other companies (especially Bayer AG, Leverkusen (Germany)). In such cases, it can generally be contractually ensured that Covestro participates accordingly in funding measures that serve to guarantee adequate funding status and/or adequate solvency capital of these pension institutions for the long term. To this end, Covestro AG agreed to grant interest-bearing loans of up to €208 million to Bayer-Pensionskasse VVaG, Leverkusen (Germany), and up to €11 million to Rheinische Pensionskasse VVaG, Leverkusen (Germany), for the effective initial fund to be drawn down as required. Loan commitments to pension funds stood at €156 million as of December 31, 2025, unchanged compared with the previous year.
In fiscal 2024, Covestro acquired an equity investment in BioBTX, Groningen (Netherlands), to promote chemical recycling as part of the circular economy. The investment, which amounts to €5 million overall, is part of the Covestro Venture Capital program. The aim of the investment is to accelerate the transition to innovative recycling technologies and to secure chemical raw materials for Covestro’s supply chains. The first tranche of €1 million was already paid in fiscal 2024. A further tranche of €1 million was paid in fiscal 2025. The remaining €3 million is scheduled to be paid in fiscal 2026 and fiscal 2027.