4. Companies Consolidated and Information on Subsidiaries and Investments

Companies consolidated

In addition to the parent company, the number of companies consolidated includes 297 (PY: 477) domestic and foreign companies that Continental Aktiengesellschaft incorporates according to the regulations of IFRS 10 or that are classified as joint arrangements or associates. Of these, 250 (PY: 380) are fully consolidated and 47 (PY: 97) are accounted for using the equity method.

The number of companies consolidated decreased by a total of 180 compared with the previous year, 159 of which were due to the spin-off of the former Automotive and Contract Manufacturing segments. Seven companies were founded. In addition, 10 companies merged, six companies were sold and eight companies were liquidated. The number of companies consolidated also decreased by four due to a change in the consolidation method for these companies.

A total of 21 (PY: 27) companies whose assets and liabilities, expenses and income – individually and combined – are not material for the earnings, financial and net assets position of the Continental Group are not included in consolidation. Twenty-one (PY: 26) of these are affiliated companies, five (PY: six) of which are currently inactive.

Information on subsidiaries and investments

As at December 31, 2025, non-controlling interests were not of significance to the Continental Group. There are no significant restrictions in terms of access to or the use of assets of the Continental Group due to statutory, contractual or regulatory restrictions or property rights of non-controlling interests.

Continental AG consolidates 18 (PY: 18) structured entities. The structured entities within the Continental Group are essentially companies that serve to finance investments. These structured entities are characterized, among other things, by limited activities and a narrowly defined business purpose. Continental holds no voting rights or investments in the fully consolidated structured entities. However, Continental directs the business activities of these entities on the basis of contractual rights. The shareholders therefore have no influence. Furthermore, Continental is also exposed to variable returns from these entities and can influence these by directing business activities. There are no significant shares or rights in non-consolidated structured entities.

Further information on equity investments and an overview of the German companies and partnerships that utilized the exemption provisions of Sections 264 (3) and 264b of the German Commercial Code (Handelsgesetzbuch – HGB) can be found in Note 42.