About this report

This Annual Report and Accounts provides an overview of the financial and sustainability performance of Tata Steel Nederland B.V. (also referred to as Tata Steel Nederland and TSN) and its subsidiary companies during the financial year 2026, running from 1 April 2025 to 31 March 2026. Events from before or after this reporting period are also included when necessary or important to fully understand TSN's activities.

Sustainability reporting

To prepare for future compliance with the Corporate Sustainability Reporting Directive (CSRD), Tata Steel Nederland has prepared its Sustainability Statements for the financial year 2025 – 2026 on a voluntary basis, with reference to the current European Union (EU) European Sustainability Reporting Standards (ESRS). These Sustainability Statements do not constitute full CSRD-compliant reporting and reflect transitional provisions and areas where data, scope or methodologies continue to develop. Mandatory CSRD reporting is expected to apply for TSN in subsequent reporting periods. The external auditor has audited the financial statements; however, the external auditor has not been requested to provide assurance on these Sustainability Statements and, accordingly, does not provide any assurance thereon.

Assurance and presentation

The external auditor, PricewaterhouseCoopers Accountants N.V., has audited the financial statements for 2025 – 2026 and issued an unqualified auditor’s report, which includes a paragraph drawing attention to a material uncertainty related to going concern, as disclosed in the Basis of preparation. The members of TSN’s Board of Management and Supervisory Board, after discussion with the external auditor, have approved these financial statements.