Balance Sheet for Group and Segments at 31 December 2025

Group Automotive

(unaudited supplementary information)		 Motorcycles

(unaudited supplementary information)		 Financial Services

(unaudited supplementary information)		 Other Entities

(unaudited supplementary information)		 Eliminations

(unaudited supplementary information)
in € million Note 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
Assets
Intangible assets 21 19,915 20,220 19,345 19,630 199 220 370 369 1 1 – –
Property, plant and equipment 22 39,903 39,581 39,233 38,909 595 588 75 84 – – – –
Leased products 23 53,024 48,838 – – – – 60,985 57,249 – – – 7,961 – 8,411
Investments accounted for using the equity method 24 526 553 526 553 – – – – – – – –
Other investments 891 1,099 14,670 14,662 – – 25 25 23,436 23,187 – 37,240 – 36,775
Receivables from sales financing 25 53,599 55,149 – – – – 53,753 55,299 – – – 154 – 150
Financial assets 26 2,568 834 1,474 315 – – 189 192 1,043 471 – 138 – 144
Deferred tax 13 2,205 3,244 2,873 3,336 – – 615 597 60 57 – 1,343 – 746
Other assets 28 1,688 1,827 2,206 2,061 23 18 3,394 2,906 41,772 41,499 – 45,707 – 44,657
Non-current assets 174,319 171,345 80,327 79,466 817 826 119,406 116,721 66,312 65,215 – 92,543 – 90,883
Inventories 29 21,281 24,387 19,370 22,372 872 919 1,039 1,096 – – – –
Trade receivables 30 2,946 2,834 2,534 2,449 160 132 251 252 1 1 – –
Receivables from sales financing 25 36,440 38,569 – – – – 36,440 38,569 – – – –
Financial assets 26 2,460 2,565 1,595 1,561 – – 664 613 269 423 – 68 – 32
Current tax 27 1,849 1,316 856 715 – – 66 154 927 447 – –
Other assets 28 7,818 7,429 25,156 23,152 6 17 3,691 4,375 69,100 64,227 – 90,135 – 84,342
Cash and cash equivalents 18,854 19,287 15,416 14,853 17 21 3,230 3,103 191 1,310 – –
Current assets 91,648 96,387 64,927 65,102 1,055 1,089 45,381 48,162 70,488 66,408 – 90,203 – 84,374
Total assets 265,967 267,732 145,254 144,568 1,872 1,915 164,787 164,883 136,800 131,623 – 182,746 – 175,257
Equity and liabilities
Subscribed capital 31 616 639 – – – – – – – – – –
Capital reserves 31 2,479 2,456 – – – – – – – – – –
Revenue reserves 31 95,471 92,812 – – – – – – – – – –
Accumulated other equity 31 – 2,168 – 2,090 – – – – – – – – – –
Treasury shares 31 – 701 – 1,502 – – – – – – – – – –
Equity attributable to shareholders of BMW AG 31 95,697 92,315 – – – – – – – – – –
Non-controlling interests 2,209 2,688 – – – – – – – – – –
Equity 97,906 95,003 60,225 58,562 – – 16,444 16,954 62,997 61,550 – 41,760 – 42,063
Pension provisions 33 203 222 121 134 – –  12 16 70 72 – –
Other provisions 34 6,524 7,830 6,142 7,411 101 107 281 312 – – – –
Deferred tax 13 4,110 2,621 3,501 2,500 – – 3,038 2,099 77 92 – 2,506 – 2,070
Financial liabilities 36 68,159 66,770 2,313 3,145 2 1 22,028 21,205 43,954 42,563 – 138 – 144
Other liabilities 37 7,341 7,597 9,283 8,271 743 779 43,139 43,461 577 410 – 46,401 – 45,324
Non-current provisions and liabilities 86,337 85,040 21,360 21,461 846 887 68,498 67,093 44,678 43,137 – 49,045 – 47,538
Other provisions 34 7,670 8,543 6,846 7,813 127 130 693 549 4 51 – –
Current tax 35 864 1,131 683 737 – – 117 241 64 153 – –
Financial liabilities 36 42,310 44,491 1,250 3,012 1 – 25,527 26,901 15,600 14,610 – 68 – 32
Trade payables 38 12,488 14,126 11,001 12,556 495 561 984 997 8 12 – –
Other liabilities 37 18,392 19,398 43,889 40,427 403 337 52,524 52,148 13,449 12,110 – 91,873 – 85,624
Current provisions and liabilities 81,724 87,689 63,669 64,545 1,026 1,028 79,845 80,836 29,125 26,936 – 91,941 – 85,656
Total equity and liabilities 265,967 267,732 145,254 144,568 1,872 1,915 164,787 164,883 136,800 131,623 – 182,746 – 175,257
BMW Group Report 2025
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