ASML (ASML) AGM 2025 summary

Opening remarks and agenda

• The meeting was held in a hybrid format, allowing both in-person and virtual participation, with clear instructions for voting and Q&A provided to shareholders.

• Board of Management and Supervisory Board members were introduced, and the agenda was outlined, including financial review, governance, and voting items.

Financial performance review

• Revenue for 2024 grew by 3% compared to 2023, with gross margin sustained at 51.3%.

• EUV sales were 9% lower than the previous year, but Deep UV sales increased by 4% to EUR 12.8 billion.

• Application business grew 20%, and install-based business rose 16% to EUR 6.5 billion.

• China and memory segments showed strong performance, driven by AI and electrification trends.

• Q1 2025 started strong with EUR 7.7 billion in net sales and a gross margin of 54%.

Board and executive committee updates

• Modest base salary increases of 4% for the Board of Management were implemented.

• A revised remuneration policy was proposed, including increased flexibility for incentives in business-critical situations.

• The Works Council provided input, emphasizing fairness and societal impact in executive pay.