XML 33 R25.htm IDEA: XBRL DOCUMENT
v3.26.1

Financial instruments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2026
Disclosure of detailed information about financial instruments [abstract] |
Schedule of Cash Resources and Other Financial Assets | The Group’s Treasury function aims to protect the Group’s financial investments, while maximising returns. The fair value of financial assets is the same as the carrying amount for 2026 and 2025. The Group’s cash resources and other financial assets are shown below.
| 30 June 2026 | 31 December 2025 | 30 June 2025
€ million | Current | Non- current | Total | Current | Non- current | Total | Current | Non- current | Total
Cash and cash equivalents |  |  |  |  |  |  |  |  |
Cash at bank and in hand | 2,983 | – | 2,983 | 2,490 | – | 2,490 | 3,112 | – | 3,112
Short-term deposits(a) | 1,180 | – | 1,180 | 1,066 | – | 1,066 | 883 | – | 883
Other cash equivalents(b) | 563 | – | 563 | 385 | – | 385 | 349 | – | 349
| 4,726 | – | 4,726 | 3,941 | – | 3,941 | 4,344 | – | 4,344
Other financial assets |  |  |  |  |  |  |  |  |
Financial assets at amortised cost(c) | 765 | 370 | 1,135 | 541 | 368 | 909 | 478 | 467 | 945
Financial assets at fair value through other comprehensive income(d) | – | 2,447 | 2,447 | – | 2,216 | 2,216 | – | 537 | 537
Financial assets at fair value through profit or loss: |  |  |  |  |  |  |  |  |
Derivatives | 177 | 101 | 278 | 50 | 140 | 190 | 157 | 203 | 360
Other(e) | 380 | 404 | 784 | 530 | 341 | 871 | 488 | 363 | 851
| 1,322 | 3,322 | 4,644 | 1,121 | 3,065 | 4,186 | 1,123 | 1,570 | 2,693
Total financial assets(f) | 6,048 | 3,322 | 9,370 | 5,062 | 3,065 | 8,127 | 5,467 | 1,570 | 7,037
(a)Short-term deposits typically have maturity of up to 3 months. (b)Other cash equivalents include investments in overnight funds and marketable securities. (c)Current financial assets at amortised cost include short term deposits with banks with maturities longer than three months excluding deposits which are part of a recognised cash management process, fixed income securities and loans to joint venture entities. Non-current financial assets at amortised cost include judicial deposits of €200 million (31 December 2025: €175 million; 30 June 2025: €174 million). (d)Included within non-current financial assets at fair value through other comprehensive income are equity investments. This includes an amount of €1,852 million (31 December 2025: €1,655 million) related to the Group's retained investment in TMICC, recognised following the demerger of our ice cream business in December 2025. (e)Other financial assets at fair value through profit or loss include money market funds, marketable securities, other capital market instruments and investments in financial institutions. (f)Financial assets exclude trade and other current receivables.
Summary of Fair Values of Financial Assets and Financial Liabilities | The following tables summarise the fair values and carrying amounts of financial instruments and the fair value calculations by category.
| Fair value | Carrying amount
€ million | As at 30 June 2026 | As at 31 December 2025 | As at 30 June 2025 | As at 30 June 2026 | As at 31 December 2025 | As at 30 June 2025
Financial assets |  |  |  |  |  |
Cash and cash equivalents | 4,726 | 3,941 | 4,344 | 4,726 | 3,941 | 4,344
Financial assets at amortised cost | 1,135 | 909 | 945 | 1,135 | 909 | 945
Financial assets at fair value through other comprehensive income | 2,447 | 2,216 | 537 | 2,447 | 2,216 | 537
Financial assets at fair value through profit and loss: |  |  |  |  |  |
Derivatives | 277 | 190 | 360 | 277 | 190 | 360
Other | 785 | 871 | 851 | 785 | 871 | 851
| 9,370 | 8,127 | 7,037 | 9,370 | 8,127 | 7,037
Financial liabilities |  |  |  |  |  |
Bank loans and overdrafts | (214) | (233) | (529) | (214) | (233) | (529)
Bonds and other loans | (29,193) | (25,655) | (28,696) | (29,675) | (26,038) | (29,169)
Lease liabilities | (1,308) | (1,326) | (1,524) | (1,308) | (1,326) | (1,524)
Derivatives | (532) | (452) | (614) | (532) | (452) | (614)
Other financial liabilities | (381) | (229) | (189) | (381) | (229) | (189)
| (31,628) | (27,895) | (31,552) | (32,110) | (28,278) | (32,025)
Summary of Assets and Liabilities Carried at Fair Value, Classification of Fair Value Calculations by Category |
| As at 30 June 2026 | As at 31 December 2025 | As at 30 June 2025
€ million | Level 1 | Level 2 | Level 3 | Level 1 | Level 2 | Level 3 | Level 1 | Level 2 | Level 3
Assets at fair value |  |  |  |  |  |  |  |  |
Financial assets at fair value through other comprehensive income | 1,858 | 4 | 586 | 1,663 | 4 | 549 | 10 | 4 | 523
Financial assets at fair value through profit or loss: |  |  |  |  |  |  |  |  |
Derivatives(a) | – | 349 | – | – | 210 | – | – | 420 | –
Other | 381 | – | 404 | 530 | – | 341 | 488 | – | 363
Liabilities at fair value |  |  |  |  |  |  |  |  |
Derivatives(b) | – | (597) | – | – | (503) | – | – | (672) | –
Contingent consideration | – | – | (20) | – | – | (46) | – | – | (46)
(a)Includes €72 million (31 December 2025: €20 million; 30 June 2025: €60 million) derivatives, reported within trade receivables, that hedge trading activities. (b)Includes €(65) million (31 December 2025: €(51) million; 30 June 2025: €(58) million) derivatives, reported within trade creditors, that hedge trading activities.

X
- Definition The disclosure of the fair value of financial instruments. [Refer: Classes of financial instruments [domain]; At fair value [member]] + 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_DisclosureOfFairValueOfFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of financial assets. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2025-01-01 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2025-en-r&anchor=para_7&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 43 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_43&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 43 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_43&doctype=Standard -URIDate 2025-03-27 + Details
Name: | ifrs-full_DisclosureOfFinancialAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition The disclosure of fair value of assets and liabilities carried at fair value by category explanatory. + References No definition available. + Details
Name: | ul_DisclosureOfFairValueOfAssetsAndLiabilitiesCarriedAtFairValueByCategoryTextBlock
Namespace Prefix: | ul_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration