Ernst Russ (ERAG) AGM 2026 summary

Opening remarks and agenda

• Virtual AGM scheduled for 4 June 2026 at 10:00 CEST; shareholders vote electronically or through company-appointed proxy representatives.

• Agenda covered opening, FY2025 accounts and profit allocation, board discharges, FY2026 auditor appointment, Supervisory Board pay, share repurchase authority, debate, voting and closure.

Financial performance review

• FY2025 revenue was €158.1m, EBITDA €126.2m and EBIT €96.4m, including €42.9m in ship-sale gains.

• Charter revenue fell with 843 fewer employment days, partly offset by a $678 increase in average daily charter rates.

• At Dec. 31, 2025, the equity ratio was 79.1%, cash ratio 192.6% and liquidity €114.3m.

• Q1 2026 revenue was €37.8m, EBITDA €20.5m and EBIT €13.2m; liquidity at Mar. 31 was €120.2m.

Dividend announcements

• Proposed FY2025 cash dividend of €0.25 per eligible share, payable 9 June 2026; €8.42m allocated to dividends and €246.44m carried forward from distributable profit of €254.86m.