DSV (DSV) investor relations material

Opening remarks and agenda

• The meeting was opened by the chairman, welcoming shareholders and outlining translation options for attendees.

• The agenda included reports on company activities, annual report adoption, profit application, board remuneration, remuneration report, board and auditor elections, and other business.

• Legal and procedural requirements for convening the meeting were confirmed, with 73.5% of votes represented.

Financial performance review

• Share price increased by nearly 8% since the previous AGM, reaching DKK 1,598.5.

• Revenue for 2025 was DKK 247 billion, with operating profit before special items at DKK 19.6 billion.

• Net profit attributable to shareholders was DKK 8.4 billion, with a strong free cash flow of DKK 16.4 billion.

• Net interest-bearing debt reduced by over DKK 7 billion post-Schenker acquisition; gearing ratio now at 2.8.

• The annual report received a clean audit opinion, including the sustainability report.

Board and executive committee updates

• Succession planning initiated, with Vice Chair Jørgen Møller stepping down and two new members, Lars Rasmussen and Tan Chong Meng, joining the board.

• Annual self-evaluation of board competencies and performance conducted to ensure effective governance.

• Remuneration for the board remains unchanged at DKK 800,000; executive board received a one-time bonus for the Schenker acquisition.