Finance receivables consist of receivables in relation to sales-type leases. We perform ongoing credit evaluations of

our customers’ financial condition. We periodically review whether an allowance for credit losses is needed by

considering factors such as historical payment experience, credit quality, the aging of the finance receivables

balances, expected lifetime losses and current economic conditions that may affect a customer’s ability to pay.

The following table lists the components of the finance receivables as of December 31, 2024 and 2023:


Year ended December 31 (€, in millions)	2023	2024
Finance receivables, gross	1,439.8	399.8
Unearned interest	—	—
Finance receivables, net	1,439.8	399.8
Current portion of finance receivables, gross	1,379.2	82.6
Current portion of unearned interest	—	—
Non-current portion of finance receivables, net	60.6	317.2

The decrease in finance receivables as of December 31, 2024, compared to December 31, 2023, is the result of

systems being purchased at the end of their free-use or evaluation periods, partially offset by additional systems

shipped with a free-use or evaluation period. These sales-type leases support the capacity ramp-up of high-end

systems which are part of the early-insertion life cycle of the technology or system type. It is expected that these

systems will be purchased at the end of the free-use or evaluation period.

Gross profit recognized at the commencement date of the lease for our sales-type leases amounted to €114.3

million during 2024 (2023: €460.9 million; 2022: €429.1 million).

At December 31, 2024, payments of the finance receivables in the next five years and thereafter are:

In 2024, 2023 and 2022 we did not record any expected credit losses from finance receivables. As of December 31,

2024, the finance receivables were neither past due nor impaired.