DHL (DHL) AGM 2026 summary

Opening remarks and agenda

• The meeting welcomed shareholders in person and online, outlining agenda, participation, and voting procedures.

• Emphasized mastering complexity in global logistics and network management.

• Highlighted the company's historical legacy and ongoing commitment to excellence.

Financial performance review

• Achieved 2025 revenue of €82.9 billion, down 1.6% year-on-year, with EBIT rising to €6.1 billion (up 3.7%) and free cash flow (excluding M&A) at €3.2 billion (up 8.3%).

• Outperformed the global transportation industry, DAX, and MSCI World Transportation, with total shareholder return of +41% from April 2025–April 2026.

• Forecasts for 2026 anticipate EBIT over €6.2 billion and free cash flow around €3.0 billion.

Dividend announcements

• Proposed dividend increase to €1.90 per share for 2025, up from €1.85, with a payout ratio of 61% before non-recurring items.

• Ongoing share buyback program totaling €6 billion from 2022 to 2026, with €1.4 billion completed.