XML 122 R50.htm IDEA: XBRL DOCUMENT
v3.25.4

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Major components of tax expense (income) [abstract] |
Schedule of components of income tax |
|  | For the year ended December 31,
In millions |  | 2025 |  | 2024 |  | 2023
Current income tax expense |  |  |  |  |  |
Current period |  | $ | 253.2 |  |  | $ | 137.4 |  |  | $ | 140.7 |
Adjustment in respect of prior periods |  | (2.3) |  |  | (1.3) |  |  | 0.1 |
|  | 250.9 |  |  | 136.1 |  |  | 140.8 |
Deferred income tax expense |  |  |  |  |  |
Deferred taxes of deferred tax assets |  | (81.7) |  |  | (46.2) |  |  | (24.0) |
Deferred taxes of deferred tax liabilities |  | 2.2 |  |  | (4.6) |  |  | (10.6) |
Adjustment in respect of prior periods |  | 12.7 |  |  | (2.5) |  |  | (2.0) |
Total deferred income tax expense |  | (66.8) |  |  | (53.3) |  |  | (36.6) |
Income tax expense |  | $ | 184.1 |  | $ | 82.8 |  | $ | 104.2
Schedule of reconciliation between income taxes at local tax rates in different countries and total tax expense and components of deferred tax assets and liabilities | Reconciliation between income taxes at local tax rates in different countries and the total tax expense in the statement of income and loss and other comprehensive income and loss:
|  | For the year ended December 31,
In millions |  | 2025 |  | 2024 |  | 2023
Income/(Loss) before income tax expense |  | $ | 624.5 |  | $ | 161.2 |  | $ | (104.6)
Effective tax rate |  | 29 | % |  | 51 | % |  | (100) | %
Income tax using the effective tax rate |  | 184.1 |  | 82.8 |  | 104.2
Taxes at local rates applicable to earnings in countries concerned |  | 160.6 |  | 51.8 |  | 53.0
Changes in recognition of deferred tax assets related to net operating losses |  | (51.1) |  | 28.8 |  | 17.8
Withholding taxes |  | 33.0 |  | 22.3 |  | 13.4
Deferred taxes on temporary differences which were not recognized |  | 14.9 |  | 18.0 |  | 17.0
Changes in tax rates |  | 15.4 |  | 0.2 |  | 0.2
Other US taxes (BEAT & GILTI) |  | — |  | (0.3) |  | 0.1
Permanent differences |  | 8.1 |  | 3.0 |  | 0.4
Change in unrecognized deferred taxes |  | — |  | (1.4) |  | —
Taxes for prior periods |  | 10.3 |  | (3.8) |  | (1.9)
Foreign tax credits |  | (6.0) |  | (9.6) |  | (6.1)
Changes in uncertain tax positions |  | (1.1) |  | (28.3) |  | 10.3
Other |  | — |  | 2.1 |  | 0.0
Taxes recognized in the consolidated statement of income and loss |  | $ | 184.1 |  | $ | 82.8 |  | $ | 104.2
The major components of deferred tax assets and liabilities are comprised of the following:
In millions |  | December 31, 2025 |  | December 31, 2024
Deferred tax assets: |  |  |  |
Provisions |  | $ | 106.1 |  |  | $ | 87.1 |
Carryforward of unused tax losses |  | 50.2 |  |  | 32.8 |
Employee benefits |  | 29.7 |  |  | 19.3 |
Impairment |  | — |  |  | 3.1 |
Fair value adjustments |  | 8.6 |  |  | — |
Foreign tax credits |  | 3.0 |  |  | 0.6 |
Unrecognized profit on internal sales of inventory |  | 20.4 |  |  | 14.8 |
Other temporary differences |  | 34.0 |  |  | 19.8 |
Total |  | $ | 252.0 |  |  | $ | 177.5 |
Deferred tax liabilities: |  |  |  |
Depreciation differences |  | (22.5) |  |  | (22.1) |
Difference between carrying value and fair value adjustment due to acquisition of Amer Sports Corporation |  |  |  |
Trademarks |  | (572.3) |  |  | (481.3) |
Other intangible assets |  | (34.8) |  |  | (36.2) |
Property, plant and equipment |  | (12.8) |  |  | (23.2) |
|  | (619.9) |  |  | (540.7) |
Fair value adjustments |  | — |  |  | (0.9) |
Other temporary differences (1) |  | (45.0) |  |  | (33.6) |
Total |  | (687.4) |  |  | (597.3) |
Net deferred tax liabilities |  | $ | (435.4) |  |  | $ | (419.8) |
________________________________________________________ (1)Primarily consists of deferred tax liabilities related to customer and marketing related intangibles.
Schedule of components of deferred tax assets and liabilities | Deferred taxes recognized in the statement of financial position:
In millions |  | December 31, 2025 |  | December 31, 2024
Deferred tax assets |  | $ | 84.1 |  |  | $ | 67.6 |
Deferred tax liabilities |  | (519.5) |  |  | (487.4) |
Total |  | $ | (435.4) |  |  | $ | (419.8) |
Schedule of change in the components of deferred tax assets and liabilities and recognized tax losses and unrecognized tax attributes | The change in the components of deferred tax assets and liabilities for the year are as follows:
In millions |  | January 1, 2025 |  | Charge in consolidated statement of income/(loss) |  | Translation differences |  | Charged to OCI |  | Other |  | December 31, 2025
Provisions |  | $ | 87.1 |  |  | $ | 11.8 |  |  | $ | 3.0 |  |  | $ | — |  |  | $ | 4.2 |  |  | $ | 106.1 |
Carryforward of unused tax losses |  | 32.8 |  |  | 35.8 |  |  | (3.8) |  |  | — |  |  | (14.6) |  |  | 50.2 |
Employee benefits |  | 19.3 |  |  | 10.2 |  |  | 1.0 |  |  | (2.1) |  |  | 1.3 |  |  | 29.7 |
Impairment |  | 3.1 |  |  | (3.1) |  |  | — |  |  | — |  |  | — |  |  | — |
Fair value adjustments |  | (0.9) |  |  | 0.6 |  |  | (0.4) |  |  | 13.5 |  |  | (4.2) |  |  | 8.6 |
Foreign tax credits |  | 0.6 |  |  | 1.7 |  |  | — |  |  | — |  |  | 0.7 |  |  | 3.0 |
Unrecognized profit on internal sales of inventory |  | 14.8 |  |  | 2.5 |  |  | 3.1 |  |  | — |  |  | — |  |  | 20.4 |
Depreciation differences |  | (22.1) |  |  | (0.3) |  |  | (0.1) |  |  | — |  |  | — |  |  | (22.5) |
Difference between carrying value and fair value adjustment due to acquisition of Amer Sports Corporation |  | (540.7) |  |  | 2.0 |  |  | (36.1) |  |  | — |  |  | (45.1) |  |  | (619.9) |
Other temporary differences |  | (13.8) |  |  | 5.6 |  |  | (3.5) |  |  | — |  |  | 0.7 |  |  | (11.0) |
Total |  | $ | (419.8) |  |  | $ | 66.8 |  |  | $ | (36.8) |  |  | $ | 11.4 |  |  | $ | (57.0) |  |  | $ | (435.4) |
In millions |  | January 1, 2024 |  | Charge in consolidated statement of income/(loss) |  | Translation differences |  | Charged to OCI |  | Other |  | December 31, 2024
Provisions |  | $ | 65.6 |  |  | $ | 24.4 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | (3.1) |  |  | $ | 87.1 |
Carryforward of unused tax losses |  | 21.8 |  |  | 14.0 |  |  | (3.0) |  |  | — |  |  | — |  |  | 32.8 |
Employee benefits |  | 2.0 |  |  | 0.8 |  |  | (0.5) |  |  | (0.4) |  |  | 17.4 |  |  | 19.3 |
Impairment |  | 3.0 |  |  | — |  |  | 0.1 |  |  | — |  |  | — |  |  | 3.1 |
Fair value adjustments |  | 7.9 |  |  | — |  |  | (1.1) |  |  | (7.7) |  |  | — |  |  | (0.9) |
Foreign tax credits |  | 0.6 |  |  | — |  |  | (0.1) |  |  | — |  |  | 0.1 |  |  | 0.6 |
Unrecognized profit on internal sales of inventory |  | 14.0 |  |  | 1.7 |  |  | (0.9) |  |  | — |  |  | — |  |  | 14.8 |
Depreciation differences |  | (21.1) |  |  | (3.9) |  |  | 0.2 |  |  | — |  |  | 2.7 |  |  | (22.1) |
Difference between carrying value and fair value adjustment due to acquisition of Amer Sports Corporation |  | (588.8) |  |  | 10.5 |  |  | 37.6 |  |  | — |  |  | — |  |  | (540.7) |
Other temporary differences |  | (18.3) |  |  | 5.8 |  |  | 2.9 |  |  | — |  |  | (4.2) |  |  | (13.8) |
Total |  | $ | (513.3) |  |  | $ | 53.3 |  |  | $ | 35.4 |  |  | $ | (8.1) |  |  | $ | 12.9 |  |  | $ | (419.8) |
Recognized tax losses:
In millions |  |  |  | Amount of losses |  | Amount of deferred tax assets relating to losses
Jurisdiction |  | Expiry |  | December 31, 2025 |  | December 31, 2024 |  | December 31, 2025 |  | December 31, 2024
Canada |  | 20 years |  | $ | 70.5 |  |  | $ | 23.0 |  |  | $ | 13.5 |  |  | $ | 6.0 |
France |  | indefinite |  | 32.4 |  |  | 59.8 |  |  | 8.1 |  |  | 15.0 |
Sweden |  | indefinite |  | 51.8 |  |  | — |  |  | 10.7 |  |  | — |
The United States |  | indefinite |  | 52.2 |  |  | 36.9 |  |  | 14.0 |  |  | 7.9 |
Austria |  | indefinite |  | 10.5 |  |  | 9.3 |  |  | 2.4 |  |  | 2.1 |
Other |  | indefinite |  | — |  |  | — |  |  | — |  |  | 1.8 |
Total |  |  |  |  |  |  |  | $ | 48.7 |  |  | $ | 32.8 |
Unrecognized tax attributes:
In millions |  | December 31, 2025 |  | December 31, 2024
Unused tax losses carried forward, for which no deferred tax assets were recognized |  | $ | 166.8 |  |  | $ | 274.9 |
Other temporary differences, for which no deferred tax assets were recognized |  | 1,128.8 |  |  | 797.1 |
Unrecognized net deferred tax assets |  | 262.7 |  |  | 227.0 |

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References No definition available. + Details
Name: | as_IfrsScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | as_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References No definition available. + Details
Name: | as_IfrsScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | as_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Note Expiry date 2027-01-01 -Name IAS -Number 1 -IssueDate 2025-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2025-en-b&anchor=para_10_e&doctype=Standard -URIDate 2025-03-27 + Details
Name: | ifrs-full_DisclosureOfDeferredTaxesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2025-01-01 -Paragraph 81 -Subparagraph g -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=12&code=ifrs-tx-2025-en-r&anchor=para_81_g&doctype=Standard -URIDate 2025-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 194 -Subparagraph f -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_194_f&doctype=Standard -URIDate 2025-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 194 -Subparagraph f -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_194_f&doctype=Standard -URIDate 2025-03-27 + Details
Name: | ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration