Vend Marketplaces (VEND) AGM 2025 summary

Opening remarks and agenda

• The meeting was opened by the chair of the board and held digitally, with voting guides and agenda documents available online.

• CEO, CFO, nomination committee chair, and auditor were present; press attendance was permitted.

• Voting procedures and shareholder participation protocols were explained, including language and input options.

Financial performance review

• 2024 saw a new strategy, separation of news media, and completion of the Adevinta transaction.

• Group revenues increased by 9% and EBITDA by 7% to NOK 1,697 million in 2024.

• Profit reached NOK 13 billion, driven by gains from Adevinta and discontinued operations.

• Q1 2025 revenues rose 4% year-on-year, with EBITDA up 18%.

Board and executive committee updates

• CEO transition occurred in 2024, with a focus on long-term value creation and marketplace leadership.

• Board and nomination committee recommended re-election of the existing board for continuity.