Amadeus (AMS) AGM 2026 summary

Opening remarks and agenda

• AGM held in hybrid format, allowing both in-person and remote attendance, with proceedings streamed and recorded.

• Notary present to draw up notarized minutes in compliance with Spanish law.

• Quorum established with 81.795% of share capital represented, meeting legal requirements for all agenda items.

• Agenda and supporting documents, including financial statements and governance reports, made available to shareholders in advance.

Financial performance review

• 2025 marked by global uncertainty, but travel sector demand remained strong, with sector GDP up 6.7% and international travel up 4%.

• Revenues grew 9% at constant exchange rates; free cash flow increased 7% excluding one-offs.

• Achieved all financial targets and guidance for the year, with growth across all business segments.

• Significant investments in R&D (€1.4 billion), cloud migration, and AI-driven solutions.

Board and executive committee updates

• Board and executive committee composition confirmed, with all directors present and accepting re-election.

• Audit Committee and Nominations and Remuneration Committee activities summarized, with regular meetings and oversight.