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Item 5 — Management's Discussion and Analysis
Magnum Ice Cream Co N.v. · 20-F · FY 2025 · Period ended Dec 31, 2025
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A. Operating results p.23-32
B. Liquidity and capital resources p.25-28; p.41
C. Research and development, patents and licences, etc. p.9; p.29-31; p.139; p.144
D. Trend information p.14
E. Critical accounting estimates n/a
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