X. Notes on transactions with related parties

Additional information regarding participating interests can be found in Section VII.12. Decisions that affect the business as a whole and decisions about certain transactions are made by the shareholders on a unanimous basis. All other decisions are made with a simple majority.

1. Transactions with public authorities

The shares in Flughafen München GmbH are held directly by the public sector. Hence, all agencies of the state are related parties.

Business transactions with public authorities mainly result from permanent leases with the federal and state police forces and cus­toms authorities. The prices charged to public authorities may not exceed refundable expenses. They are subject to audits on a regular basis. The revenues and expenses resulting from business relation­ships with authorities are not material for the consolidated financial statements. There are no significant open items.

2. Transactions with public sector companies Summary

Companies whose financial and operating policy decisions are con­trolled, jointly controlled or significantly influenced by the Federal Republic of Germany, the Free State of Bavaria or the City of Munich are also related parties of Munich Airport.

Related public-sector companies include credit institutions with di­rect public participation (for example, Bayerische Landesbank Anstalt des öffentlichen Rechts, Kreditanstalt für Wiederaufbau, and LfA För­derbank Bayern) and credit institutions with indirect public-sector participation via special funds such as the financial market stabili­zation fund, SoFFin (including Commerzbank AG). Transactions with these credit institutions result from financial liabilities (loans) and derivatives (interest swaps).

In addition, related parties in the public sector include companies and public-law institutions which have been engaged by the Federal Government and the Free State of Bavaria to perform sovereign functions at Munich Airport, for example the monitoring of aviation (including DFS Deutsche Flugsicherung GmbH, SGM Sicherheits­gesellschaft am Flughafen München GmbH, Deutscher Wetterdienst Anstalt des öffentlichen Rechts). Transactions with these companies mainly result from indefinite rental agreements.

Munich Airport is doing business with other companies whose finan­cial and business policies are at least significantly influenced by the public sector. These include, for example, the companies of the fol­lowing groups of companies: Deutsche Post AG, Telekom Deutschland GmbH and Deutsche Bahn AGs. There are mutual supply and service relationships between Munich Airport and these groups, but these are of secondary importance to the Group profit/loss.

3. Transactions with associates and companies that were not included in the scope of consolidation for materiality reasons Summary

The scope of consolidation of Flughafen München GmbH includes two associates (EFM – Gesellschaft für Enteisen und Flugzeug­schlep­pen am Flughafen München mbH and Cargogate Munich Airport GmbH). FMV – Flughafen München Versicherungsvermittlungsgesellschaft mbH and Flughafen Parken GmbH are not included in the consol­i­da­ted financial statements due to immateriality.

There are mutual supply and service relationships between Munich Airport and these companies with the following effects on Group profit/loss, assets, and liabilities:

Revenue relates to rental income including incidental costs and revenues from the provision of services. The cost of materials results from marshaling services and purchased services related to cargo.

4. Transactions with related persons Summary

The members of the Executive Board and the Supervisory Board of Flughafen München GmbH are also related persons.

The remuneration of the members of the Executive Board consists of a fixed salary and a variable, performance-based bonus (of which outstanding balances: TEUR 500; December 31, 2024: TEUR 558) and represents benefits that are payable in the short term:

Other remuneration includes non-cash remuneration and contrac­tual ancillary benefits (such as post-employment benefits).

Former members of the Executive Board and their surviving de­pen­dents received total payments of TEUR 1,023 in the 2025 fiscal year (2024: TEUR 979). Pension provisions of TEUR 12,314 (December 31, 2024: TEUR 13,238) were recognized for future pension benefits and for entitlements to benefits for surviving dependents.

Payments to the Supervisory Board totaled TEUR 67 (2024: TEUR 34).

There are no loans to or contingent liabilities entered into in favor of board members.