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 clear instructions for shareholder participation.

Financial performance review

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

• Assets under management reached €1.085 trillion, with €51 billion in net inflows, driven mainly by passive products.

• Cost-income ratio improved to 58%, outperforming the target, and earnings per share reached €4.64, exceeding the €4.50 target.

• Proposed an ordinary dividend of €3 per share for 2025, marking the seventh consecutive annual increase.

• Plans for a special dividend in 2027, subject to capital needs for growth initiatives.

Board and executive committee updates

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

• Bas Nieuwe Weme was elected to the Supervisory Board, replacing Ute Wolf, following a thorough selection process.

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

• CEO Stefan Hoops joined Deutsche Bank’s management board while retaining his DWS CEO role.