At September 30, 2025, our blended fully-swapped debt borrowing cost was 3.8% (June 30, 2025: 3.8%) and the average tenor of our third-party debt (excluding vendor financing and certain other obligations) was approximately 3.2 years (June 30, 2025: 3.5 years) with no debt repayments, excluding shorter-term liabilities under our vendor financing and trade receivables securitization programs, prior to March 2028.
At September 30, 2025, we had access to total liquidity of €1,600.2 million, consisting of €975.2 million cash and cash equivalents and €625.0 million of undrawn commitments under revolving credit facilities.
For additional information, we refer to our Q3 2025 Investor & Analyst Toolkit.