Registered number: 15619417
KETER GROUP HOLDING LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
KETER GROUP HOLDING LIMITED
COMPANY INFORMATION
KETER GROUP HOLDING LIMITED
CONTENTS
KETER GROUP HOLDING LIMITED
STRATEGIC REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2024
The company was incorporated on 5 April 2024 and commenced activity on the same day. The directors present their strategic report on the company for the period ended 31 December 2024. The principal activity of the company during the year was that of a holding company.
The company is an investment entity. On 11 April 2024 the company purchased its investment in Keter Group B.V. and its subsidaries.
The company has no KPIs other than that of a holding company, being the carrying value of the investments in subsidiary companies.
The company's principal financial risk is the valuation of its investment. The directors regularly review the carrying value of the asset and adjustments are made to the carrying value at each year-end.
The company is also exposed to interest rate risk on its floating-rate borrowings linked to EURIBOR, with changes in market rates directly affecting finance costs.
Credit risk is limited to receivables and cash balances, which are monitored on an ongoing basis.
The directors are mindful of environmental issues and have sought to minimise the impact of the company's and its investments' activities on the environment. More information can be found at https://www.keter.com /en-gb/sustainability .html
Section 172 (1)(a) to (f) requires the directors to act in the way they consider would be most likely to promote the success of the company for the benefit of its members, as a whole, with regard to the following matters:
a) The likely consequences of any decision in the long-term
The directors consider the medium- and long-term impact of decisions when setting the company’s strategic direction. This includes financial outcomes as well as effects on directors, senior management, employees, and the wider group culture. The board also evaluates potential impacts on client relationships, the company’s reputation, and shareholder confidence.
Long-term plans are agreed with the company’s members and supported by annual budget and forecast discussions, which consider material changes in circumstances. These are reviewed regularly by directors and board members at both Group and subsidiary level, ensuring that strategic decisions remain aligned with the company’s long-term objectives and stakeholder interests.
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KETER GROUP HOLDING LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
b) The interests of the company's employees
The company has no employees other than the directors. The directors nevertheless have regard to the interests of employees within the wider group when making decisions, recognising the importance of their wellbeing, engagement and development.
In 2024, this included supporting group-wide initiatives such as enhanced health and safety programmes, expanded training opportunities, and employee engagement surveys to ensure that feedback informs operational and strategic priorities. These actions help maintain a motivated and skilled workforce across the group, contributing to long-term success.
c) The need to foster the company's business relationships with suppliers, customers and others
The Board recognises the importance of maintaining and developing strong and long-term relationships with suppliers, customers and other stakeholders. This responsibility is managed at the subsidiary level, where operational teams engage directly with partners to ensure alignment with our values, ethical standards, and strategic objectives.
Subsidiaries work closely with suppliers through regular communication, performance reviews and compliance checks to ensure quality, reliability and mutual benefit. Engagement with customers focuses on delivering durable and innovative products that meet evolving needs while supporting environmental goals, such as reducing waste and extending product lifecycles.
Across the group, we uphold strict anti-bribery and anti-corruption policies, fair credit terms and transparent communication, fostering trust and collaboration that underpin the company's long-term success.
d) The impact of the company's operations on the community and environment
The Board is mindful of the impact the company’s operations have on the community and the environment. This responsibility is managed at the subsidiary level, where operational teams implement initiatives to reduce our environmental footprint and contribute positively to local communities.
The subsidiaries' products are designed to be durable, functional and innovative, with a focus on minimising environmental impact through sustainable design and production practices. In line with our published sustainability commitments, by 2025 we aim to reduce greenhouse gas emissions from production by 25%, achieve zero waste to landfill from production, and increase recycled content in total production to 55%.
Progress in 2024 included a 22% reduction in emissions per ton, zero waste to landfill at seven plants, and recycled content reaching 43%. We also supported local communities through employment, skills development, and over 8,700 hours of employee volunteering, alongside partnerships with charities and schools to promote environmental awareness and education. These targets are supported by ongoing investment in resource efficiency, waste reduction, and responsible sourcing, ensuring that environmental and community considerations are integrated into decision-making across the group.
e) The desirability of the company maintaining a reputation for high standards of business conduct
The directors believe it is crucial that the company is trusted by all stakeholders to maintain the highest standards in business and corporate governance, and these important aspects are regularly emphasised during board meetings as well as in senior-management conversations.
We enforce the management and the staff to behave responsibly and ensure that we operate the business in an accountable manner and, in doing so, we will contribute to the continued success of the company.
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KETER GROUP HOLDING LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
f) The need to act fairly as between members of the company
The directors have regular and open dialogue with the shareholders and ensure that all members are treated fairly and equally.
This report was approved by the board and signed on its behalf.
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KETER GROUP HOLDING LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2024
The Directors present their report and the financial statements for the period ended 31 December 2024.
Keter Group Holding Limited is a holding entity and the principal activity of the company during the period was investing funds for the purpose of generating returns through capital appreciation and investment income.
The business was incorporated on 5 April 2024. During the period the company purchased its investment in Keter Group B.V. and its subsidaries. The directors consider the financial position of the company at the period-end to be satisfactory.
The directors who served during the period were:
Qualifying third party indemnity provisions
The company has made qualifying third party indemnity provisions for the benefit of its directors during the year and these remain in force at the date of this report.
Matters covered in the Strategic Report
As permitted by s414c(11) of the Companies Act 2006, the directors have elected to disclose information, required to be in the directors' report by Schedule 7 of the 'Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008', in the strategic report.
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KETER GROUP HOLDING LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
Subsequent to the year end, on 28 April 2025 the ordinary shares were redesignated as ordinary A shares.
On 26 March 2025, the company’s owners approved a new Management Incentive Plan (MIP), designed to grant share-based options to select employees, primarily senior executives. These options are tied to the value of Keter Group B.V.’s underlying equity. The implementation of the new MIP was scheduled for the first half of 2025.
This report was approved by the board and signed on its behalf.
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KETER GROUP HOLDING LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE PERIOD ENDED 31 DECEMBER 2024
The Directors are responsible for preparing the strategic report, Directors' report and the financial statements, in accordance with applicable law.
Company law requires the Directors to prepare financial statements for each financial year. Under that law they have elected to prepare the financial statements in accordance with International Financial Reporting Standards (IFRS) as adopted by the UK.
Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements, the Directors are required to:
∙select suitable accounting policies and then apply them consistently;
∙make judgments and estimates that are reasonable and prudent;
∙state whether they have been prepared in accordance with IFRS as adopted by the UK, subject to any material departures disclosed and explained in the financial statements;
∙assess the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern; and
∙use the going concern basis of accounting unless they either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the company and to prevent and detect fraud and other irregularities.
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KETER GROUP HOLDING LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KETER GROUP HOLDING LIMITED
We have audited the financial statements of Keter Group Holding Limited for the period ended 31 December 2024 which comprise the statement of profit or loss and other comprehensive income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and International Financial Reporting Standards (IFRSs) as adopted by the United Kingdom.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the Directors' assessment of the company's ability to continue to adopt the going concern basis of accounting included:
∙We obtained a copy of management going concern assessment memo, understood their assumptions used within the going concern assessment and assessed the reasonableness of those assumptions.
∙We understood the terms of the company and group's bank facilities and shareholder loans and assessed management's review of the covenants on this debt.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.
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KETER GROUP HOLDING LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KETER GROUP HOLDING LIMITED (CONTINUED)
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the strategic report and the Directors' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
∙the strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
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KETER GROUP HOLDING LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KETER GROUP HOLDING LIMITED (CONTINUED)
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the Directors' report.
Responsibilities of directors
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙the engagement partner ensured that the engagement team collectively had the appropriate competence. capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
∙we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company sector;
∙we focused on specific laws and regulations which we considered may havea direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection;
∙we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
∙identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
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KETER GROUP HOLDING LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KETER GROUP HOLDING LIMITED (CONTINUED)
We assessed the susceptibility of the company’s financial statements to material misstatement, including
obtaining an understanding of how fraud might occur, by:
∙making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
∙considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
∙performed analytical procedures to identify any unusual or unexpected relationships;
∙tested a sample of journal entries to identify unusual transactions;
∙assessed whether judgements and assumptions made in determining the accounting estimates as set out in note 4 were indicative of potential bias; and
∙investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
∙agreeing financial statement disclosures to underlying supporting documentation;
∙reading the minutes of meetings of those charged with governance;
∙enquiring of management as to actual and potential litigation and claims; and
∙reviewing correspondence with HM Revenue and Customs and the company’s legal advisors
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
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KETER GROUP HOLDING LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KETER GROUP HOLDING LIMITED (CONTINUED)
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditor
16 Great Queen Street
Covent Garden
WC2B 5AH
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KETER GROUP HOLDING LIMITED
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 DECEMBER 2024
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KETER GROUP HOLDING LIMITED
REGISTERED NUMBER: 15619417
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
The financial statements on pages 12 to 35 were approved and authorised for issue by the board of Directors and were signed on its behalf by:
The notes on pages 16 to 35 form part of these financial statements.
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KETER GROUP HOLDING LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2024
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KETER GROUP HOLDING LIMITED
STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 DECEMBER 2024
The notes on pages 16 to 35 form part of these financial statements.
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
The company's principal activity is
These financial statements are prepared in accordance with the International Financial Reporting Standards as issued by the International Accounting Standards Board ("IASB"). The financial statements are prepared on a going concern basis and have been prepared on a historical cost basis, except for investments which have been measured at fair value.
The financial statements are prepared in Euro (€), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest €.
2.Accounting policies
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
The company has determined that it meets the definition of an investment entity as defined in IFRS 10 Consolidated Financial Statements. In making this judgement, management considered the criteria in IFRS 10, including:
∙The company obtains funds from investors for the purpose of providing investment management services;
∙The company commits to its investors that its business purpose is to invest solely for returns from capital appreciation, investment income, or both;
∙The company measures and evaluates the performance of substantially all of its investments on a fair value basis.
Accordingly the investment in subsidiary undertakings is carried at fair value.
More details about the valuation methodology is disclosed in note 16 to the financial statements.
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Impairment of financial assets
A financial asset that is not measured at fair value through profit or loss is assessed at each reporting date to determine whether there is objective evidence of impairment. The company applies an expected credit loss model to such assets, including trade receivables, loans and other financial assets measured at amortised cost.
A financial asset is considered impaired if there is objective evidence of credit loss as a result of one or more events that occurred after initial recognition, and those events have a negative impact on the estimated future cash flows of the asset that can be measured reliably.
For trade receivables, the company applies the simplified approach, recognising lifetime expected credit losses from initial recognition. For other financial assets, the general approach is applied, recognising twelve month expected credit losses unless there has been a significant increase in credit risk since initial recognition, in which case lifetime expected credit losses are recognised.
Loss allowances are recognised in profit or loss and deducted from the carrying amount of the asset. Financial assets are written off when there is no reasonable expectation of recovery.
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Current tax is the amount of income tax payable on the taxable profits arising in the year and prior years. Taxable profit differs from net profit as reported in the statement of profit or loss because it excludes items of income or expense that are taxable or deductible in other years, it includes items that are tax deductible but do not affect net profit and it further excludes items that are never taxable or deductible.
Current tax assets and liabilities are measured at the amounts expected to be recovered from or paid to the taxation authorities, using tax rates and laws enacted or substantively enacted at the reporting date.
Income tax expense represents the sum of the tax currently payable and deferred tax.
Deferred tax arises from temporary differences between taxable profits and total comprehensive income. These temporary differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax assets and liabilities are recognised where the carrying amount of an asset or liability in the statement of financial position differs from its tax base.Deferred tax assets are recognised only to the extent that it is probable that taxable profits will be available against which the deductible temporary differences can be utilised.
At the date of authorisation of these financial statements, several new, but not yet effective, Standards and amendments to existing Standards, and Interpretations have been published by the IASB or IFRIC. None of these Standards or amendments to existing Standards have been adopted early by the company and no Interpretations have been issued that are applicable and need to be taken into consideration by the company at the reporting date.
Management anticipates that all relevant pronouncements will be adopted for the first period beginning on or after the effective date of the pronouncement. New Standards, amendments and Interpretations not adopted in the current year have not been disclosed as they are not expected to have a material impact on the company's financial statements.
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
3.1 Judgment
The directors consider the company to be an investment holding company, with the underlying investments representing an investment portfolio ("with a view to a subsequent resale"), and not as a group holding company through which business is carried out. Accordingly, these financial statements are presented in respect of the company, and do not consolidate the underlying investments. The investments are carried at fair value, with fair value movements shown through the profit and loss account.
The determination of fair value involves significant judgment and estimation, particularly where observable market prices are not available. Key assumptions used in the valuation models include:
- 5 year forecasted cashflows,
- terminal revenue growth factor,
- discount rate.
- terminal revenue growth factor,
- discount rate.
Given the level of judgment involved, changes in assumptions or market conditions could significantly affect the reported fair value of investments.
More details about the investment valuation methodology is disclosed in note 16 to the financial statements.
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Changes in tax rates and factors affecting the future tax charges
As at 31 December 2024 the company had not held its investment for the twelve month period needed to qualify for the substantial shareholding exemption. Accordingly a deferred tax liability has been recorded in respect of the fair value uplift to the investment as at 31 December 2024. The resulting deferred tax liability of €183,735,319 will reverse in the financial statements for the year ended 31 December 2025.
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
8.Tax expense (continued)
The company is within the scope of the OECD Pillar Two model rules. Pillar Two legislation was enacted in the United Kingdom, the jurisdiction in which Keter Group Holding Limited is incorporated and has come into effect from 31 December 2023. The company has assessed its exposure to the Pillar Two Legislation for 2024. This assessment indicates that the company expects no exposure to top-up taxes as a result of the Pillar Two legislation.
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
9.Subsidiaries (continued)
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
The profit and loss account includes all current and prior period retained profits and losses.
Capital redemption reserve
The capital redemption reserve is a non-distributable reserve arising from the redemption or purchase of the company's own shares.
The entity is exposed to market risk in relation to investments in subsidiaries that are measured at FVTPL. The maximum exposure at the end of the reporting period is the carrying amount of these investments, €1,361,000,000.
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
16.Financial instruments - fair values and risk management (continued)
The company is exposed to interest rate risk because the company borrows funds at both fixed and floating interest rates. The risk is managed by the company by maintaining an appropriate mix between fixed and floating rate borrowings, taking into account market conditions and the company's risk appetite. The company did not enter into any interest rate swaps, forward interest rate contracts, or other hedging arrangements during the reporting period.
Interest rate sensitivity analysis
The following table illustrates the sensitivity of profit or loss before tax to reasonably possible changes in interest rates, assuming all other variables remain constant. The analysis is based on the company's floating rate borrowings at the reporting date and reflects a 50 basis point increase or decrease in interest rates.
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16.4 Fair value measurements
This note provides information about how the company determines fair values of various financial assets and liabilities.
Fair value of financial assets and liabilities that are measured at fair value on a recurring basis
Some of the company's financial assets and financial liabilities are measured at fair value at the end of each reporting period. The following table gives information about how the fair values of these financial assets and financial liabilities are determined (in particular, the valuation technique(s) and inputs used).
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
16.Financial instruments - fair values and risk management (continued)
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
16.Financial instruments - fair values and risk management (continued)
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Transactions with related parties are as follows:
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Amounts owed to related parties are unsecured, interest free and due for repayment within one year.
In the opinion of the directors there isno ultimate controlling party.
The consideration for the acquisition of the investments in subsidiaries was the assumption of debt liabilities. As such, this was a non-cash transaction.
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KETER GROUP HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Subsequent to the year end, on 28 April 2025 the ordinary shares were redesignated as ordinary A shares.
On 26 March 2025, the company’s owners approved a new Management Incentive Plan (MIP), designed to grant share-based options to select employees, primarily senior executives. These options are tied to the value of Keter Group B.V.’s underlying equity. The implementation of the new MIP was scheduled for the first half of 2025.
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