2 BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICIES
2.1 BASIS OF PREPARATION
These unaudited financial statements are the interim condensed consolidated financial statements of Tecan Group Ltd. and its subsidiaries (together referred to as the ‘Group’) for the six-month period ending June 30, 2026. The financial statements are prepared in accordance with International Accounting Standard (IAS) 34 ‘Interim Financial Reporting’ and should be read in conjunction with the consolidated financial statements 2025 as they provide an update of previously reported information. The interim condensed consolidated financial statements were authorized for issue on August 6, 2026.
The preparation of these interim condensed consolidated financial statements requires management to make assumptions and estimates that affect the reported amounts of revenues, expenses, assets, liabilities, and disclosure of contingent liabilities at the date of these interim condensed consolidated financial statements. If in the future such assumptions and estimates deviate from the actual circumstances, the original assumptions and estimates will be modified as appropriate in the period in which the circumstances change.
The Group operates in industries where significant seasonal or cyclical variations in total sales are not experienced during the financial year.
Income tax expense is recognized based on the best estimate of the weighted average annual income tax rate expected for the full financial year.
2.2 INTRODUCTION OF NEW AND REVISED/ AMENDED STANDARDS AND INTERPRETATIONS
The accounting policies applied in the preparation of the interim condensed consolidated financial statements are consistent with those followed in the preparation of the annual consolidated financial statements 2025, except for the adoption of the following amended standard, effective as from January 1, 2026:
| Standard1 |
| IFRS 9 amended ‘Financial Instruments’ and IFRS 7 amended ‘Financial Instruments: Disclosures’ – Classification and Measurement of Financial Instruments |
| Annual Improvements to IFRS Accounting Standards – Volume 11 |
- IFRS = IFRS Accounting Standards
The adoption of the amended standards did not result in material changes to the Group’s accounting policies.
2.3 CHANGE IN SEGMENT REPORTING TO THE CHIEF OPERATING DECISION MAKER
The Group has changed the presentation of its segment information and has removed the concept of intersegment sales.
All products are now allocated to the segment through which they are sold directly to external customers, thereby eliminating the previous intersegment sales. This change is intended to provide a clearer picture of the profitability of the two segments: ‘Life Sciences Business’ and ‘Partnering Business'.
Adjustments have been made to the cost of sales and gross profit, but not to sales to third parties. The prior-year figures have been restated accordingly.