DWS Group (DWS) investor relations material

Opening remarks and agenda

• The meeting was opened in person, emphasizing the importance of face-to-face interaction and a commitment to regular physical AGMs in the future.

• All executive and supervisory board members were present, and formalities regarding attendance, voting, and participation were outlined.

• The agenda and proposed resolutions were made available both onsite and online, with procedures for speaking and voting explained.

Financial performance review

• Achieved record revenues of €3.155 billion, profit before tax of €1.324 billion, and net income of €927 million in 2025.

• Assets under management reached €1.085 trillion, with €51 billion in total net flows and a cost-income ratio of 58%.

• Earnings per share exceeded targets at €4.64, and the company outperformed its cost-income ratio goal.

• Q1 2026 saw revenues of €821 million, net income of €265 million, and a cost-income ratio improvement to 54.1%.

Board and executive committee updates

• Supervisory Board held 30 meetings with over 98% attendance, focusing on strategy implementation and risk oversight.

• Changes in board composition included the nomination and election of Bas Nieuwe Weme as a new shareholder representative.

• Executive board contracts for key members were extended to ensure management stability.