
…throughcustomercollaboration.Read more about this story ASML is a leading innovator in the globalsemiconductor ecosystem. Workingclosely withour customers and partners,we provide the hardware, software andservices that helpchipmakers createmore powerful, affordable and energy-efficient microchips. These chips powermodern life and help address someofhumanity’s toughest challenges. …through collectiveinnovation.Read more about this story …using thepotentialof AI. Read more about this story We keep poweringtechnologyforward... Contents 139Limited assurance report of tindependent auditors on theSustainability statementsGeneral disclosures142Basis for preparation144ESG sustainability governan146ESG sustainability at a glanc147Value chain and ecosystem o148Environmental and human rigduediligence150Impact, risk and opportunitymanagement153Environmental154Energy efficiency and climate188Circular economy203EU Taxonomy209Other disclosures: Watermanagement in our own ope210Social211Attractive workplace for all237Responsible value chain246Innovation ecosystem251Valued partner in our commu261Governance 5Special note regarding forward-looking statements6At a glance – 2025 overview8In conversation with our CEOOur business14Our holistic approach to lithography18Our products and services22Our marketplace28Our business strategy29Deepen customer trust31Extend our technology and holisticproduct leadership33Strengthen ecosystemrelationships35Create an exceptional workplace37Drive operational excellence39Deliver on ESG sustainability41Our business model44Engaged stakeholdersFinancial performance51Message from our CFO54Financial performance KPIs59Long-term growth opportunities 76Corporate governance at a glance78Board of Management80Supervisory Board83Other Board-related matters85AGM and share capital88Financial reporting and audit90Compliance with corporategovernance requirements Supervisory Board report 91In conversation with the Chair oftheSupervisory Board94Supervisory Board focus in 202598Meetings and attendance99Composition and skills101Evaluation102Supervisory Board committees112Financial statements and profitallocation Remuneration report 113In conversation with the Chair of theRemuneration Committee115Board of Management remuneration at a glance117Remuneration Committee119Board of Management remuneration134Supervisory Board remuneration137Other information Risk and security61Understanding ASML’s riskmanagement framework63How we manage risk66Risk factors74Information security 262ESG integrated governance269Reference table Special note regarding forward-looking statements These forward-looking statements arhistorical facts, but rather are based onexpectations, estimates, assumptionprojections about business and futureresults, and readers should not placereliance on them. Forward-looking statdo not guarantee future performanceactual results may differ materially froprojected results as a result ofcertaiand uncertainties. These risks and uncinclude, without limitation, those desunder the section entitled “How we mrisk – Risk factors”. These forward-lostatements are made only as of the dofthis Annual Report. We do not undto update or revise the forward-lookinstatements, whether as a result of neinformation, future events or otherwis customer plans, product roadmaps andcustomer roadmaps, our expectation thatlithography will continue to be at the heart ofcustomer innovation, expected increase incritical lithography exposures, statementswith respect to our product portfolio,expected productivity and other attributesand benefits of our systems, intentions withrespect to grants of performance shares, ourenvironmental, social and governance (ESG)and sustainability strategy, p lans, commitments,projections, pathway and targets, includingemissions and waste reduction aims,commitments and targets and our expectationsabout meeting or being on track to meetthese targets and other ESG goals andtargets, recycling and refurbishment initiatives,energy-saving and renewable energy usestrategies and targets, including plans andtargets to achieve greenhouse gas neutralityand emissions reductions targets, our targetto achieve zero waste from operations tolandfill and incineration and target dates toachieve those targets, assumptions underlyingour projections related to ESG targets andreliance on suppliers to meet ESG goals toenable us to meet our ESG goals, plans topurchase renewable energy and carboncredits, potential for semiconductors to reducegreenhouse gas emissions, plans for oursystems to use less energy and our energysavings plans and diversity and other ESGtargets and commitments, capital allocationpolicy and cash return and dividend policyand statements about our new share buybackprogram and our proposed dividend for 2026and other non-historical statements. and annual growth in sales 2025-2030 andexpectations on growth in semiconductorend markets, statements made in the sectionentitled “Long-term growth opportuniti