Deutsche Telekom (DTE) AGM 2025 summary

Opening remarks and agenda

• Shareholders and representatives welcomed to an in-person AGM in Bonn, with full attendance by the Supervisory and Management Boards, and introduction of new board members.

• Organizational details provided, including meeting logistics, document access, and voting procedures.

• The agenda and management's proposed resolutions were published in advance and made available online and onsite.

Financial performance review

• 2024 was a record year: revenue reached nearly EUR 116 billion (+3.4%), operating earnings EUR 43 billion (+6%), free cash flow EUR 19.2 billion (+19%), and EPS EUR 1.90 (+19%).

• Dividend proposal of EUR 0.90 per share, a new record, with a total return of 38% for shareholders in 2024.

• Share buyback programs executed in 2024 (EUR 2 billion) and ongoing in 2025, with shares to be canceled or used for employee programs.

• Strong performance in both European and US markets, with continued investment in 5G and fiber infrastructure.

Board and executive committee updates

• Srini Gopalan moved to COO at T-Mobile US; Rodrigo Diehl joined the Board of Management.

• Timotheus Höttges' contract as CEO extended to 2028 for continuity.

• New Supervisory Board members elected, emphasizing diversity and international experience.