0001988894false12/319/30/2025Q32025P6Miso4217:USDiso4217:USDxbrli:sharesas:countryas:segmentxbrli:purexbrli:sharesiso4217:CNYas:subsidiaryiso4217:EUR00019888942025-01-012025-09-3000019888942025-07-012025-09-3000019888942024-07-012024-09-3000019888942024-01-012024-09-3000019888942025-09-3000019888942024-12-3100019888942024-09-3000019888942023-12-310001988894ifrs-full:IssuedCapitalMember2023-12-310001988894ifrs-full:SharePremiumMember2023-12-310001988894ifrs-full:CapitalReserveMember2023-12-310001988894ifrs-full:ReserveOfCashFlowHedgesMember2023-12-310001988894ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2023-12-310001988894ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember2023-12-310001988894ifrs-full:OtherReservesMember2023-12-310001988894ifrs-full:RetainedEarningsMember2023-12-310001988894ifrs-full:NoncontrollingInterestsMember2023-12-310001988894ifrs-full:ReserveOfCashFlowHedgesMember2024-01-012024-09-300001988894ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2024-01-012024-09-300001988894ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember2024-01-012024-09-300001988894ifrs-full:RetainedEarningsMember2024-01-012024-09-300001988894ifrs-full:NoncontrollingInterestsMember2024-01-012024-09-300001988894ifrs-full:SharePremiumMember2024-01-012024-09-300001988894ifrs-full:OtherReservesMember2024-01-012024-09-300001988894ifrs-full:IssuedCapitalMember2024-01-012024-09-300001988894ifrs-full:CapitalReserveMember2024-01-012024-09-300001988894ifrs-full:IssuedCapitalMember2024-09-300001988894ifrs-full:SharePremiumMember2024-09-300001988894ifrs-full:CapitalReserveMember2024-09-300001988894ifrs-full:ReserveOfCashFlowHedgesMember2024-09-300001988894ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2024-09-300001988894ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember2024-09-300001988894ifrs-full:OtherReservesMember2024-09-300001988894ifrs-full:RetainedEarningsMember2024-09-300001988894ifrs-full:NoncontrollingInterestsMember2024-09-300001988894ifrs-full:IssuedCapitalMember2024-12-310001988894ifrs-full:SharePremiumMember2024-12-310001988894ifrs-full:CapitalReserveMember2024-12-310001988894ifrs-full:ReserveOfCashFlowHedgesMember2024-12-310001988894ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2024-12-310001988894ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember2024-12-310001988894ifrs-full:OtherReservesMember2024-12-310001988894ifrs-full:RetainedEarningsMember2024-12-310001988894ifrs-full:NoncontrollingInterestsMember2024-12-310001988894ifrs-full:ReserveOfCashFlowHedgesMember2025-01-012025-09-300001988894ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2025-01-012025-09-300001988894ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember2025-01-012025-09-300001988894ifrs-full:RetainedEarningsMember2025-01-012025-09-300001988894ifrs-full:NoncontrollingInterestsMember2025-01-012025-09-300001988894ifrs-full:OtherReservesMember2025-01-012025-09-300001988894ifrs-full:IssuedCapitalMember2025-01-012025-09-300001988894ifrs-full:SharePremiumMember2025-01-012025-09-300001988894ifrs-full:IssuedCapitalMember2025-09-300001988894ifrs-full:SharePremiumMember2025-09-300001988894ifrs-full:CapitalReserveMember2025-09-300001988894ifrs-full:ReserveOfCashFlowHedgesMember2025-09-300001988894ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2025-09-300001988894ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember2025-09-300001988894ifrs-full:OtherReservesMember2025-09-300001988894ifrs-full:RetainedEarningsMember2025-09-300001988894ifrs-full:NoncontrollingInterestsMember2025-09-300001988894as:TechnicalApparelMember2025-07-012025-09-300001988894as:TechnicalApparelMember2024-07-012024-09-300001988894as:TechnicalApparelMember2025-01-012025-09-300001988894as:TechnicalApparelMember2024-01-012024-09-300001988894as:OutdoorPerformanceMember2025-07-012025-09-300001988894as:OutdoorPerformanceMember2024-07-012024-09-300001988894as:OutdoorPerformanceMember2025-01-012025-09-300001988894as:OutdoorPerformanceMember2024-01-012024-09-300001988894as:BallRacquetSportsMember2025-07-012025-09-300001988894as:BallRacquetSportsMember2024-07-012024-09-300001988894as:BallRacquetSportsMember2025-01-012025-09-300001988894as:BallRacquetSportsMember2024-01-012024-09-300001988894as:TechnicalApparelMemberifrs-full:OperatingSegmentsMember2025-07-012025-09-300001988894as:TechnicalApparelMemberifrs-full:OperatingSegmentsMember2024-07-012024-09-300001988894as:TechnicalApparelMemberifrs-full:OperatingSegmentsMember2025-01-012025-09-300001988894as:TechnicalApparelMemberifrs-full:OperatingSegmentsMember2024-01-012024-09-300001988894as:OutdoorPerformanceMemberifrs-full:OperatingSegmentsMember2025-07-012025-09-300001988894as:OutdoorPerformanceMemberifrs-full:OperatingSegmentsMember2024-07-012024-09-300001988894as:OutdoorPerformanceMemberifrs-full:OperatingSegmentsMember2025-01-012025-09-300001988894as:OutdoorPerformanceMemberifrs-full:OperatingSegmentsMember2024-01-012024-09-300001988894as:BallRacquetSportsMemberifrs-full:OperatingSegmentsMember2025-07-012025-09-300001988894as:BallRacquetSportsMemberifrs-full:OperatingSegmentsMember2024-07-012024-09-300001988894as:BallRacquetSportsMemberifrs-full:OperatingSegmentsMember2025-01-012025-09-300001988894as:BallRacquetSportsMemberifrs-full:OperatingSegmentsMember2024-01-012024-09-300001988894ifrs-full:OperatingSegmentsMember2025-07-012025-09-300001988894ifrs-full:OperatingSegmentsMember2024-07-012024-09-300001988894ifrs-full:OperatingSegmentsMember2025-01-012025-09-300001988894ifrs-full:OperatingSegmentsMember2024-01-012024-09-300001988894ifrs-full:MaterialReconcilingItemsMember2025-07-012025-09-300001988894ifrs-full:MaterialReconcilingItemsMember2024-07-012024-09-300001988894ifrs-full:MaterialReconcilingItemsMember2025-01-012025-09-300001988894ifrs-full:MaterialReconcilingItemsMember2024-01-012024-09-300001988894ifrs-full:UnallocatedAmountsMember2025-07-012025-09-300001988894ifrs-full:UnallocatedAmountsMember2024-07-012024-09-300001988894ifrs-full:UnallocatedAmountsMember2025-01-012025-09-300001988894ifrs-full:UnallocatedAmountsMember2024-01-012024-09-3000019888942024-01-012024-12-310001988894srt:AmericasMember2025-07-012025-09-300001988894srt:AmericasMember2024-07-012024-09-300001988894srt:AmericasMember2025-01-012025-09-300001988894srt:AmericasMember2024-01-012024-09-300001988894as:GreaterChinaMember2025-07-012025-09-300001988894as:GreaterChinaMember2024-07-012024-09-300001988894as:GreaterChinaMember2025-01-012025-09-300001988894as:GreaterChinaMember2024-01-012024-09-300001988894as:EMEAMember2025-07-012025-09-300001988894as:EMEAMember2024-07-012024-09-300001988894as:EMEAMember2025-01-012025-09-300001988894as:EMEAMember2024-01-012024-09-300001988894srt:AsiaPacificMember2025-07-012025-09-300001988894srt:AsiaPacificMember2024-07-012024-09-300001988894srt:AsiaPacificMember2025-01-012025-09-300001988894srt:AsiaPacificMember2024-01-012024-09-300001988894country:US2025-07-012025-09-300001988894country:US2024-07-012024-09-300001988894country:US2025-01-012025-09-300001988894country:US2024-01-012024-09-300001988894country:CN2025-07-012025-09-300001988894country:CN2024-07-012024-09-300001988894country:CN2025-01-012025-09-300001988894country:CN2024-01-012024-09-300001988894as:TechnicalApparelMemberas:WholesaleMember2025-07-012025-09-300001988894as:TechnicalApparelMemberas:WholesaleMember2024-07-012024-09-300001988894as:TechnicalApparelMemberas:WholesaleMember2025-01-012025-09-300001988894as:TechnicalApparelMemberas:WholesaleMember2024-01-012024-09-300001988894as:OutdoorPerformanceMemberas:WholesaleMember2025-07-012025-09-300001988894as:OutdoorPerformanceMemberas:WholesaleMember2024-07-012024-09-300001988894as:OutdoorPerformanceMemberas:WholesaleMember2025-01-012025-09-300001988894as:OutdoorPerformanceMemberas:WholesaleMember2024-01-012024-09-300001988894as:BallRacquetSportsMemberas:WholesaleMember2025-07-012025-09-300001988894as:BallRacquetSportsMemberas:WholesaleMember2024-07-012024-09-300001988894as:BallRacquetSportsMemberas:WholesaleMember2025-01-012025-09-300001988894as:BallRacquetSportsMemberas:WholesaleMember2024-01-012024-09-300001988894as:WholesaleMember2025-07-012025-09-300001988894as:WholesaleMember2024-07-012024-09-300001988894as:WholesaleMember2025-01-012025-09-300001988894as:WholesaleMember2024-01-012024-09-300001988894as:TechnicalApparelMemberas:DTCMember2025-07-012025-09-300001988894as:TechnicalApparelMemberas:DTCMember2024-07-012024-09-300001988894as:TechnicalApparelMemberas:DTCMember2025-01-012025-09-300001988894as:TechnicalApparelMemberas:DTCMember2024-01-012024-09-300001988894as:OutdoorPerformanceMemberas:DTCMember2025-07-012025-09-300001988894as:OutdoorPerformanceMemberas:DTCMember2024-07-012024-09-300001988894as:OutdoorPerformanceMemberas:DTCMember2025-01-012025-09-300001988894as:OutdoorPerformanceMemberas:DTCMember2024-01-012024-09-300001988894as:BallRacquetSportsMemberas:DTCMember2025-07-012025-09-300001988894as:BallRacquetSportsMemberas:DTCMember2024-07-012024-09-300001988894as:BallRacquetSportsMemberas:DTCMember2025-01-012025-09-300001988894as:BallRacquetSportsMemberas:DTCMember2024-01-012024-09-300001988894as:DTCMember2025-07-012025-09-300001988894as:DTCMember2024-07-012024-09-300001988894as:DTCMember2025-01-012025-09-300001988894as:DTCMember2024-01-012024-09-300001988894as:TimeVestedEquitySettledOptionsMember2025-09-300001988894as:EmployeeStockOwnershipPlan2019Member2025-01-012025-09-300001988894as:EmployeeStockOwnershipPlan2023Member2025-01-012025-09-300001988894as:GroupPerformanceBasedEquitySettledOptionsMember2025-09-300001988894as:EmployeeStockOwnershipPlan2019And2023Member2024-12-310001988894as:EmployeeStockOwnershipPlan2019And2023Member2023-12-310001988894as:EmployeeStockOwnershipPlan2019And2023Member2025-01-012025-09-300001988894as:EmployeeStockOwnershipPlan2019And2023Member2024-01-012024-09-300001988894as:EmployeeStockOwnershipPlan2019And2023Member2025-09-300001988894as:EmployeeStockOwnershipPlan2019And2023Member2024-09-300001988894ifrs-full:RestrictedShareUnitsMember2025-01-012025-09-300001988894as:PerformanceShareUnitsMember2025-01-012025-09-300001988894ifrs-full:RestrictedShareUnitsMember2024-12-310001988894ifrs-full:RestrictedShareUnitsMember2023-12-310001988894ifrs-full:RestrictedShareUnitsMember2024-01-012024-09-300001988894ifrs-full:RestrictedShareUnitsMember2025-09-300001988894ifrs-full:RestrictedShareUnitsMember2024-09-300001988894as:PerformanceShareUnitsMember2024-12-310001988894as:PerformanceShareUnitsMember2023-12-310001988894as:PerformanceShareUnitsMember2024-01-012024-09-300001988894as:PerformanceShareUnitsMember2025-09-300001988894as:PerformanceShareUnitsMember2024-09-300001988894ifrs-full:LandMemberifrs-full:GrossCarryingAmountMember2024-12-310001988894ifrs-full:BuildingsMemberifrs-full:GrossCarryingAmountMember2024-12-310001988894as:MachineryAndEquipmentMemberifrs-full:GrossCarryingAmountMember2024-12-310001988894ifrs-full:ConstructionInProgressMemberifrs-full:GrossCarryingAmountMember2024-12-310001988894ifrs-full:GrossCarryingAmountMember2024-12-310001988894ifrs-full:LandMemberifrs-full:GrossCarryingAmountMember2025-01-012025-09-300001988894ifrs-full:BuildingsMemberifrs-full:GrossCarryingAmountMember2025-01-012025-09-300001988894as:MachineryAndEquipmentMemberifrs-full:GrossCarryingAmountMember2025-01-012025-09-300001988894ifrs-full:ConstructionInProgressMemberifrs-full:GrossCarryingAmountMember2025-01-012025-09-300001988894ifrs-full:GrossCarryingAmountMember2025-01-012025-09-300001988894ifrs-full:LandMemberifrs-full:GrossCarryingAmountMember2025-09-300001988894ifrs-full:BuildingsMemberifrs-full:GrossCarryingAmountMember2025-09-300001988894as:MachineryAndEquipmentMemberifrs-full:GrossCarryingAmountMember2025-09-300001988894ifrs-full:ConstructionInProgressMemberifrs-full:GrossCarryingAmountMember2025-09-300001988894ifrs-full:GrossCarryingAmountMember2025-09-300001988894ifrs-full:LandMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001988894ifrs-full:BuildingsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001988894as:MachineryAndEquipmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001988894ifrs-full:ConstructionInProgressMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001988894ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2024-12-310001988894ifrs-full:LandMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2025-01-012025-09-300001988894ifrs-full:BuildingsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2025-01-012025-09-300001988894as:MachineryAndEquipmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2025-01-012025-09-300001988894ifrs-full:ConstructionInProgressMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2025-01-012025-09-300001988894ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2025-01-012025-09-300001988894ifrs-full:LandMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2025-09-300001988894ifrs-full:BuildingsMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2025-09-300001988894as:MachineryAndEquipmentMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2025-09-300001988894ifrs-full:ConstructionInProgressMemberifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2025-09-300001988894ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember2025-09-300001988894ifrs-full:LandMember2025-09-300001988894ifrs-full:BuildingsMember2025-09-300001988894as:MachineryAndEquipmentMember2025-09-300001988894ifrs-full:ConstructionInProgressMember2025-09-300001988894ifrs-full:AccumulatedImpairmentMember2025-09-300001988894ifrs-full:AccumulatedImpairmentMember2024-12-310001988894as:USD800MillionOf6.750NewSeniorSecuredNotesMember2024-02-160001988894as:USD710Million5YearRevolvingCreditFacilityMember2024-02-160001988894as:USD710Million5YearRevolvingCreditFacilityMember2024-02-162024-02-160001988894as:AmerSportsEuropeanCenterAgMember2025-09-300001988894as:AmerSportsEuropeanCenterAgMember2024-12-310001988894as:ChinaMerchantsBankCoLtdLineOfCreditMember2024-09-020001988894as:ChinaMerchantsBankCoLtdLineOfCreditMemberifrs-full:TopOfRangeMember2024-09-020001988894as:ChinaMerchantsBankCoLtdLineOfCreditMember2024-11-190001988894as:ChinaMerchantsBankCoLtdLineOfCreditMember2024-11-192024-11-190001988894as:ChinaMerchantsBankCoLtdLineOfCreditMemberifrs-full:BottomOfRangeMember2024-11-220001988894as:ChinaMerchantsBankCoLtdLineOfCreditMember2025-09-300001988894as:ChinaMerchantsBankCoLtdBondsAndGuranteesMember2025-08-040001988894as:ChinaMerchantsBankCoLtdLineOfCreditMember2025-08-040001988894as:ChinaMerchantsBankCoLtdSyntheticLoanMember2025-08-040001988894as:ChinaMerchantsBankCoLtdLineOfCreditMember2025-08-042025-08-040001988894as:ChinaMerchantsBankCoLtdLineOfCreditMemberifrs-full:BottomOfRangeMember2025-08-210001988894ifrs-full:WarrantyProvisionMember2024-12-310001988894ifrs-full:RestructuringProvisionMember2024-12-310001988894ifrs-full:MiscellaneousOtherProvisionsMember2024-12-310001988894ifrs-full:WarrantyProvisionMember2025-01-012025-09-300001988894ifrs-full:RestructuringProvisionMember2025-01-012025-09-300001988894ifrs-full:MiscellaneousOtherProvisionsMember2025-01-012025-09-300001988894ifrs-full:WarrantyProvisionMember2025-09-300001988894ifrs-full:RestructuringProvisionMember2025-09-300001988894ifrs-full:MiscellaneousOtherProvisionsMember2025-09-300001988894as:AntaSportsAndSubsidiariesMember2025-07-012025-09-300001988894as:AntaSportsAndSubsidiariesMember2024-07-012024-09-300001988894as:AntaSportsAndSubsidiariesMember2025-01-012025-09-300001988894as:AntaSportsAndSubsidiariesMember2024-01-012024-09-300001988894as:UnsecuredInvestmentLoanMemberifrs-full:ParentMember2024-01-012024-09-300001988894as:UnsecuredFacilityALoanMemberifrs-full:ParentMember2024-01-012024-09-300001988894as:UnsecuredFacilityALoanMemberifrs-full:ParentMember2025-07-012025-09-300001988894as:UnsecuredInvestmentLoanMemberifrs-full:ParentMember2025-07-012025-09-300001988894as:UnsecuredInvestmentLoanMemberifrs-full:ParentMember2024-07-012024-09-300001988894as:UnsecuredInvestmentLoanMemberifrs-full:ParentMember2025-01-012025-09-300001988894as:UnsecuredFacilityALoanMemberifrs-full:ParentMember2024-07-012024-09-300001988894as:UnsecuredFacilityALoanMemberifrs-full:ParentMember2025-01-012025-09-300001988894as:CurrentPayableMemberas:AntaSportsAndSubsidiariesMember2025-09-300001988894as:CurrentPayableMemberas:AntaSportsAndSubsidiariesMember2024-12-310001988894as:CurrentReceivablesMemberas:AntaSportsAndSubsidiariesMember2025-09-300001988894as:CurrentReceivablesMemberas:AntaSportsAndSubsidiariesMember2024-12-310001988894as:RightOfUseAssetAndLeaseLiabilityMemberas:LowTidePropertiesLtdMember2025-09-300001988894as:RightOfUseAssetAndLeaseLiabilityMemberas:LowTidePropertiesLtdMember2024-12-310001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:OtherNonCurrentFinancialAssetsMember2025-09-300001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:OtherNonCurrentFinancialAssetsMember2024-12-310001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:OtherNonCurrentFinancialAssetsMember2025-09-300001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:OtherNonCurrentFinancialAssetsMemberifrs-full:AtFairValueMember2025-09-300001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:OtherNonCurrentFinancialAssetsMemberifrs-full:Level3OfFairValueHierarchyMemberifrs-full:AtFairValueMember2025-09-300001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:OtherNonCurrentFinancialAssetsMember2024-12-310001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:OtherNonCurrentFinancialAssetsMemberifrs-full:AtFairValueMember2024-12-310001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:OtherNonCurrentFinancialAssetsMemberifrs-full:Level3OfFairValueHierarchyMemberifrs-full:AtFairValueMember2024-12-310001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:NonCurrentPromissoryNotesMember2025-09-300001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:NonCurrentPromissoryNotesMemberifrs-full:AtFairValueMember2025-09-300001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:NonCurrentPromissoryNotesMemberifrs-full:Level3OfFairValueHierarchyMemberifrs-full:AtFairValueMember2025-09-300001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:NonCurrentPromissoryNotesMember2024-12-310001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:NonCurrentPromissoryNotesMemberifrs-full:AtFairValueMember2024-12-310001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:NonCurrentPromissoryNotesMemberifrs-full:Level3OfFairValueHierarchyMemberifrs-full:AtFairValueMember2024-12-310001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:NonCurrentForeignExchangeDerivativesMember2025-09-300001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:NonCurrentForeignExchangeDerivativesMemberifrs-full:AtFairValueMember2025-09-300001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:NonCurrentForeignExchangeDerivativesMemberifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMember2025-09-300001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:NonCurrentForeignExchangeDerivativesMember2024-12-310001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:NonCurrentForeignExchangeDerivativesMemberifrs-full:AtFairValueMember2024-12-310001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:NonCurrentForeignExchangeDerivativesMemberifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMember2024-12-310001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:CurrentHoldToCollectAccountsReceivablesMember2025-09-300001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:CurrentHoldToCollectAccountsReceivablesMember2024-12-310001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:CurrentAvailableForSaleFactoringReceivablesMember2025-09-300001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:CurrentAvailableForSaleFactoringReceivablesMemberifrs-full:AtFairValueMember2025-09-300001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:CurrentAvailableForSaleFactoringReceivablesMemberifrs-full:Level3OfFairValueHierarchyMemberifrs-full:AtFairValueMember2025-09-300001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:CurrentAvailableForSaleFactoringReceivablesMember2024-12-310001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:CurrentAvailableForSaleFactoringReceivablesMemberifrs-full:AtFairValueMember2024-12-310001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:CurrentAvailableForSaleFactoringReceivablesMemberifrs-full:Level3OfFairValueHierarchyMemberifrs-full:AtFairValueMember2024-12-310001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:OtherCurrentInterestFreeReceivablesMember2025-09-300001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:OtherCurrentInterestFreeReceivablesMember2024-12-310001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:CurrentPromissoryNotesMember2025-09-300001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:CurrentPromissoryNotesMemberifrs-full:AtFairValueMember2025-09-300001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:CurrentPromissoryNotesMemberifrs-full:Level3OfFairValueHierarchyMemberifrs-full:AtFairValueMember2025-09-300001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:CurrentPromissoryNotesMember2024-12-310001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:CurrentPromissoryNotesMemberifrs-full:AtFairValueMember2024-12-310001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:CurrentPromissoryNotesMemberifrs-full:Level3OfFairValueHierarchyMemberifrs-full:AtFairValueMember2024-12-310001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:CurrentForeignExchangeDerivativesMember2025-09-300001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:CurrentForeignExchangeDerivativesMemberifrs-full:AtFairValueMember2025-09-300001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:CurrentForeignExchangeDerivativesMemberifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMember2025-09-300001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:CurrentForeignExchangeDerivativesMember2024-12-310001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:CurrentForeignExchangeDerivativesMemberifrs-full:AtFairValueMember2024-12-310001988894ifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:CurrentForeignExchangeDerivativesMemberifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMember2024-12-310001988894ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMemberas:CurrentForeignExchangeDerivativesMember2025-09-300001988894ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMemberas:CurrentForeignExchangeDerivativesMemberifrs-full:AtFairValueMember2025-09-300001988894ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMemberas:CurrentForeignExchangeDerivativesMemberifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMember2025-09-300001988894ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMemberas:CurrentForeignExchangeDerivativesMember2024-12-310001988894ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMemberas:CurrentForeignExchangeDerivativesMemberifrs-full:AtFairValueMember2024-12-310001988894ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCategoryMemberas:CurrentForeignExchangeDerivativesMemberifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMember2024-12-310001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:IfrsCashAndCashEquivalentsMember2025-09-300001988894ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberas:IfrsCashAndCashEquivalentsMember2024-12-310001988894ifrs-full:Level1OfFairValueHierarchyMemberifrs-full:AtFairValueMember2025-09-300001988894ifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMember2025-09-300001988894ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:AtFairValueMember2025-09-300001988894ifrs-full:Level1OfFairValueHierarchyMemberifrs-full:AtFairValueMember2024-12-310001988894ifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMember2024-12-310001988894ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:AtFairValueMember2024-12-310001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberifrs-full:LongtermBorrowingsMember2025-09-300001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberifrs-full:AtFairValueMemberifrs-full:LongtermBorrowingsMember2025-09-300001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMemberifrs-full:LongtermBorrowingsMember2025-09-300001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberifrs-full:LongtermBorrowingsMember2024-12-310001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberifrs-full:AtFairValueMemberifrs-full:LongtermBorrowingsMember2024-12-310001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMemberifrs-full:LongtermBorrowingsMember2024-12-310001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberas:LongTermObligationsUnderLeasesMember2025-09-300001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberas:LongTermObligationsUnderLeasesMember2024-12-310001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberas:OtherLongTermLiabilitiesMember2025-09-300001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberas:OtherLongTermLiabilitiesMember2024-12-310001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:NonCurrentForeignExchangeDerivativesMember2025-09-300001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberifrs-full:AtFairValueMemberas:NonCurrentForeignExchangeDerivativesMember2025-09-300001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMemberas:NonCurrentForeignExchangeDerivativesMember2025-09-300001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:NonCurrentForeignExchangeDerivativesMember2024-12-310001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberifrs-full:AtFairValueMemberas:NonCurrentForeignExchangeDerivativesMember2024-12-310001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMemberas:NonCurrentForeignExchangeDerivativesMember2024-12-310001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:NonCurrentCrossCurrencySwapDerivativesMember2025-09-300001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberifrs-full:AtFairValueMemberas:NonCurrentCrossCurrencySwapDerivativesMember2025-09-300001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMemberas:NonCurrentCrossCurrencySwapDerivativesMember2025-09-300001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:NonCurrentCrossCurrencySwapDerivativesMember2024-12-310001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberifrs-full:AtFairValueMemberas:NonCurrentCrossCurrencySwapDerivativesMember2024-12-310001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMemberas:NonCurrentCrossCurrencySwapDerivativesMember2024-12-310001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberifrs-full:ShorttermBorrowingsMember2025-09-300001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberifrs-full:ShorttermBorrowingsMember2024-12-310001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberas:IFRSRevolvingCreditFacilityMember2025-09-300001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberas:CurrentObligationsUnderLeasesMember2025-09-300001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberas:CurrentObligationsUnderLeasesMember2024-12-310001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberas:CurrentAccountsPayableMember2025-09-300001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberas:CurrentAccountsPayableMember2024-12-310001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberas:CurrentAccruedLiabilitiesMember2025-09-300001988894ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberas:CurrentAccruedLiabilitiesMember2024-12-310001988894ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberifrs-full:ContingentConsiderationMember2025-09-300001988894ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberifrs-full:AtFairValueMemberifrs-full:ContingentConsiderationMember2025-09-300001988894ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMemberifrs-full:ContingentConsiderationMember2025-09-300001988894ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberifrs-full:Level3OfFairValueHierarchyMemberifrs-full:AtFairValueMemberifrs-full:ContingentConsiderationMember2025-09-300001988894ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberas:CurrentDerivativeFinancialInstrumentsForeignExchangeDerivativesMember2025-09-300001988894ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberifrs-full:AtFairValueMemberas:CurrentDerivativeFinancialInstrumentsForeignExchangeDerivativesMember2025-09-300001988894ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMemberas:CurrentDerivativeFinancialInstrumentsForeignExchangeDerivativesMember2025-09-300001988894ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberas:CurrentDerivativeFinancialInstrumentsForeignExchangeDerivativesMember2024-12-310001988894ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberifrs-full:AtFairValueMemberas:CurrentDerivativeFinancialInstrumentsForeignExchangeDerivativesMember2024-12-310001988894ifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMemberifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMemberas:CurrentDerivativeFinancialInstrumentsForeignExchangeDerivativesMember2024-12-310001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:CurrentDerivativeFinancialInstrumentsForeignExchangeDerivativesMember2025-09-300001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberifrs-full:AtFairValueMemberas:CurrentDerivativeFinancialInstrumentsForeignExchangeDerivativesMember2025-09-300001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMemberas:CurrentDerivativeFinancialInstrumentsForeignExchangeDerivativesMember2025-09-300001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberas:CurrentDerivativeFinancialInstrumentsForeignExchangeDerivativesMember2024-12-310001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberifrs-full:AtFairValueMemberas:CurrentDerivativeFinancialInstrumentsForeignExchangeDerivativesMember2024-12-310001988894as:FinancialLiabilitiesMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMemberifrs-full:Level2OfFairValueHierarchyMemberifrs-full:AtFairValueMemberas:CurrentDerivativeFinancialInstrumentsForeignExchangeDerivativesMember2024-12-310001988894as:PrepaidExpensesAndOtherReceivablesMember2025-09-300001988894as:PrepaidExpensesAndOtherReceivablesMember2024-12-310001988894as:OtherTaxReceivablesMember2025-09-300001988894as:OtherTaxReceivablesMember2024-12-310001988894as:DerivativeFinancialInstrumentsMember2025-09-300001988894as:DerivativeFinancialInstrumentsMember2024-12-310001988894as:PromissoryNotesMember2025-09-300001988894as:PromissoryNotesMember2024-12-310001988894as:AccruedLiabilitiesCurrentMember2025-09-300001988894as:AccruedLiabilitiesCurrentMember2024-12-310001988894as:OtherCurrentTaxLiabilitiesMember2025-09-300001988894as:OtherCurrentTaxLiabilitiesMember2024-12-310001988894as:DerivativeFinancialInstrumentsMember2025-09-300001988894as:DerivativeFinancialInstrumentsMember2024-12-310001988894ifrs-full:ContingentConsiderationMember2025-09-300001988894ifrs-full:ContingentConsiderationMember2024-12-310001988894ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:OtherEquitySecuritiesMember2024-12-310001988894ifrs-full:Level3OfFairValueHierarchyMemberas:PromissoryNotesMember2024-12-310001988894ifrs-full:Level3OfFairValueHierarchyMemberas:AvailableForSaleFactoringReceivableMember2024-12-310001988894ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:ContingentConsiderationMember2024-12-310001988894ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:OtherEquitySecuritiesMember2025-01-012025-09-300001988894ifrs-full:Level3OfFairValueHierarchyMemberas:PromissoryNotesMember2025-01-012025-09-300001988894ifrs-full:Level3OfFairValueHierarchyMemberas:AvailableForSaleFactoringReceivableMember2025-01-012025-09-300001988894ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:ContingentConsiderationMember2025-01-012025-09-300001988894ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:OtherEquitySecuritiesMember2025-09-300001988894ifrs-full:Level3OfFairValueHierarchyMemberas:PromissoryNotesMember2025-09-300001988894ifrs-full:Level3OfFairValueHierarchyMemberas:AvailableForSaleFactoringReceivableMember2025-09-300001988894ifrs-full:Level3OfFairValueHierarchyMemberifrs-full:ContingentConsiderationMember2025-09-3000019888942025-01-240001988894as:ThirdPartyBankingInstitutionFactorMemberifrs-full:FactoringOfReceivablesMemberifrs-full:CreditRiskMember2025-09-300001988894as:NelsonSportsInc.Member2025-09-010001988894as:NelsonSportsInc.Member2025-09-300001988894as:NelsonSportsInc.Memberifrs-full:BottomOfRangeMember2025-09-010001988894as:NelsonSportsInc.Memberifrs-full:TopOfRangeMember2025-09-010001988894as:VestedAndUnvestedSharesOfRestrictedShareUnitsPerformanceShareUnitsAndStockOptionsMember2025-07-012025-09-300001988894as:VestedAndUnvestedSharesOfRestrictedShareUnitsPerformanceShareUnitsAndStockOptionsMember2024-07-012024-09-300001988894as:VestedAndUnvestedSharesOfRestrictedShareUnitsPerformanceShareUnitsAndStockOptionsMember2025-01-012025-09-300001988894as:VestedAndUnvestedSharesOfRestrictedShareUnitsPerformanceShareUnitsAndStockOptionsMember2024-01-012024-09-300001988894as:UnvestedPerformanceShareUnitsAndStockOptionsMember2025-01-012025-09-300001988894as:UnvestedPerformanceShareUnitsAndStockOptionsMember2024-01-012024-09-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13A-16 OR 15D-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of ~~November~~January ~~2025~~2026

Commission File Number 001-41943

Amer Sports, Inc.

(Translation of registrant’s name into English)

Cricket Square, Hutchins Drive,

P.O. Box 2681

Grand Cayman, KY1-1111

Cayman Islands

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

FORM 20-F x ☒ FORM 40-F o ☐

EXPLANATORY NOTE

On ~~November 18~~January 27, ~~2025~~2026, Amer Sports, Inc. (the “Company”) ~~released~~issued ~~its~~a ~~unaudited~~press ~~interim consolidated financial statements for the three and nine months ended September 30~~release, ~~2025,~~a ~~along~~copy ~~with management’s discussion and analysis~~ of ~~financial~~which ~~condition~~is ~~and results of operations. Copies of the Company’s management’s discussion and analysis of financial condition and results of operations and unaudited interim consolidated financial statements are~~ furnished hereto as ~~Exhibits~~Exhibit 99.1 ~~and 99~~.~~2, respectively.~~

INCORPORATION BY REFERENCE

This Report on Form 6-K (including the information contained in Exhibits 99.1 and 99.2 to this Report on Form 6-K) shall be deemed to be incorporated by reference into the registration statements on Form S-8 (File No. 333-276801) and Form F-3 (File No. 333-285651) of the Company and to be a part thereof from the date on which this Report on Form 6-K is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

EXHIBIT INDEX

The following exhibit is furnished as part of this Report on Form 6-K:

ExhibitNumber

~~Description~~

Description

99.1

~~Management’s Discussion and Analysis of Financial Condition and Results of Operations for the Three and Nine months ended September 30, 2025~~

Press Release dated January 27, 2026

99.2

Unaudited Interim Consolidated Financial Statements for the Three and Nine months ended September 30, 2025

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, ~~thereunto duly authorized~~hereunder.

Amer Sports, Inc. ~~By: /s/ Andrew E. Page Name: Andrew E. Page Title: Chief Financial Officer, Interim President & CEO of Wilson~~

~~Date~~By: /s/ ~~November 18,~~Andrew ~~2025~~E. Page____________________

Name: Andrew E. Page

Title: Chief Financial Officer, Interim President & CEO of Wilson

Date: January 27, 2026

Filing Compare · Amer Sports, Inc.