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Annual Report 2025
Sustainability Statements 2025
Financial Statements 2025
Downloads
About this report
Key figures
Message from the CEO
About TSN
Domestic steel production
Profile
Who we are
Interview with Dennis Gunneweg
The world around us
Where are we now
A turning point
Joint Letter of Intent
Interview with Koen Overtoom
Strategy
The road ahead
Financial performance
Green Steel Project
Licence to Operate
Interview with Michèlle Prins
Stakeholder engagement
Building trust through dialogue
Our stakeholders
Interview with Matt Kuehn
Risk & Compliance
Risk framework
Key risks & appetite
Control environment
Business conduct, compliance & integrity
Corporate governance
Board of Management
Members of the Board of Management
Supervisory Board
Members of the Supervisory Board
Committees
Report of the Supervisory Board
Remuneration Report
Litigation
Sustainability Statements
About the Sustainability Statements
General disclosures
Environment
Disclosures pursuant to Article 8 of Regulation 2020/852 (EU Taxonomy Regulation)
Pollution
Water
Biodiversity
Resource use and circular economy
Social
Responsible value chain
Affected communities in the IJmond region
Governance
Financial year 2025/26
Consolidated income statement
Consolidated statement of comprehensive income
Consolidated balance sheet
Consolidated statement of changes in equity
Consolidated statement of cash flows
Presentation of consolidated accounts and accounting policies
I Introduction
II Basis of preparation
III New standards and interpretations applied
IV New standards and interpretations not applied
V Use of estimates and critical accounting judgements
VI Critical accounting policies
VII Other accounting policies
Notes to the consolidated accounts
1. Revenue
2. Operating costs
3. Restructuring and impairment costs
4. Employees
5. Financing items
6. Taxation
7. Intangible assets
8. Property, plant and equipment
9. Equity accounted investees
10. Inventories
11. Tax assets and tax liabilities
12. Trade and other receivables
13. Cash and short-term deposits
14. Trade and other payables
15. Borrowings
16. Other non-current liabilities
17. Financial instruments and risk management
18. Provisions for liabilities and charges
19. Deferred income
20. Called-up share capital
21. Future capital expenditure
22. Exposure for cash outflows relating to leases
23. Contingent liabilities
24. Reconciliation of net cash flow to movement in net funds
25. Analysis of changes in net funds
26. Pensions and post-retirement benefits
27. Disposal of Group companies
28. Related party transactions
29. Consolidated subsidiaries
30. Joint ventures, joint operations and associates
31. Ultimate and immediate parent company
32. Subsequent events
Company income statement
Company balance sheet
Parent company 2026 accounts
Presentation of Company accounts and accounting policies
Notes to the company accounts
Further notes to and signing of the annual accounts
Other information
Auditors Report
Abbreviations and glossary
List of abbreviations Sustainability Statement
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Report
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Annual Report 2025
Sustainability Statements 2025
Financial Statements 2025
Downloads
Tata Steel Nederland B.V. Annual Report 2025 (WEB)
About this report
Key figures
Message from the CEO
About TSN
Domestic steel production
Profile
Who we are
Interview with Dennis Gunneweg
The world around us
Where are we now
A turning point
Joint Letter of Intent
Interview with Koen Overtoom
Strategy
The road ahead
Financial performance
Green Steel Project
Licence to Operate
Interview with Michèlle Prins
Stakeholder engagement
Building trust through dialogue
Our stakeholders
Interview with Matt Kuehn
Risk & Compliance
Risk framework
Key risks & appetite
Control environment
Business conduct, compliance & integrity
Corporate governance
Board of Management
Members of the Board of Management
Supervisory Board
Members of the Supervisory Board
Committees
Report of the Supervisory Board
Remuneration Report
Litigation
Sustainability Statements
About the Sustainability Statements
General disclosures
Environment
Disclosures pursuant to Article 8 of Regulation 2020/852 (EU Taxonomy Regulation)
Pollution
Water
Biodiversity
Resource use and circular economy
Social
Responsible value chain
Affected communities in the IJmond region
Governance
Financial year 2025/26
Consolidated income statement
Consolidated statement of comprehensive income
Consolidated balance sheet
Consolidated statement of changes in equity
Consolidated statement of cash flows
Presentation of consolidated accounts and accounting policies
I Introduction
II Basis of preparation
III New standards and interpretations applied
IV New standards and interpretations not applied
V Use of estimates and critical accounting judgements
VI Critical accounting policies
VII Other accounting policies
Notes to the consolidated accounts
1. Revenue
2. Operating costs
3. Restructuring and impairment costs
4. Employees
5. Financing items
6. Taxation
7. Intangible assets
8. Property, plant and equipment
9. Equity accounted investees
10. Inventories
11. Tax assets and tax liabilities
12. Trade and other receivables
13. Cash and short-term deposits
14. Trade and other payables
15. Borrowings
16. Other non-current liabilities
17. Financial instruments and risk management
18. Provisions for liabilities and charges
19. Deferred income
20. Called-up share capital
21. Future capital expenditure
22. Exposure for cash outflows relating to leases
23. Contingent liabilities
24. Reconciliation of net cash flow to movement in net funds
25. Analysis of changes in net funds
26. Pensions and post-retirement benefits
27. Disposal of Group companies
28. Related party transactions
29. Consolidated subsidiaries
30. Joint ventures, joint operations and associates
31. Ultimate and immediate parent company
32. Subsequent events
Company income statement
Company balance sheet
Parent company 2026 accounts
Presentation of Company accounts and accounting policies
Notes to the company accounts
Further notes to and signing of the annual accounts
Other information
Auditors Report
Abbreviations and glossary
List of abbreviations Sustainability Statement
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Further notes to and signing of the annual accounts
Abbreviations and glossary
Auditors Report
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