德国电信Deutsche Telekom（DTEGY）2025年年度报告「OTC」（英文版）（382页）.pdf

1、Deutsche Telekom The 2025financial yearContents Deutsche Telekom at a glance 3 To our shareholders 5 Letter from the Chair of the Board of Management 6 Supervisory Boards report to the 2026 Shareholders Meeting 8 Members of the Board of Management of Deutsche Telekom AG in 2025 18 Members of the Sup

2、ervisory Board of Deutsche Telekom AG in 2025 21 The T-Share 26 Development of selected financial data 29 Highlights 31 Combined management report 38 Introductory remarks 39 Group organization 40 Group strategy 45 Management of the Group 56 The economic environment 60 Development of business in the

3、Group 67 Development of business in the operating segments 84 Development of business at Deutsche Telekom AG 95 Combined sustainability statement 100 Forecast 176 Risk and opportunity management 186 Governance and other disclosures 208 Consolidated financial statements 228 Consolidated statement of

4、financial position 229 Consolidated income statement 230 Consolidated statement of comprehensive income 231 Consolidated statement of changes in equity 232 Consolidated statement of cash flows 234 Notes to the consolidated financial statements 235 Summary of accounting policies 236 Notes to the cons

5、olidated statement of financial position 269 Notes to the consolidated income statement 303 Other disclosures 317 Responsibility statement 362 Independent auditors and practitioners reports 363 Report on the audit of the consolidated financial statements and of the combined management report 363 Ass

6、urance report of the independent German public auditor on an assurance engagement to obtain limited and reasonable assurance in relation to the combined sustainability statement 370 Additional information 374 Reconciliation for the organic development in the 2025 financial year 375 Glossary 376 Disc