Mercedes-Benz Group (MBG) investor relations material

Opening remarks and agenda

• AGM 2026 was held virtually to enhance cost efficiency, sustainability, and shareholder engagement, with full rights maintained via an investor portal.

• The agenda included review of FY 2025, profit appropriation, board ratification, auditor appointment, remuneration approval, and board elections.

• Formal agenda and management proposals were published in advance, with all relevant documents accessible online.

Financial performance review

• Sold 2.2 million cars and vans in 2025, a 10% decrease from the prior year; passenger car sales dropped 9%.

• FY 2025 revenue was €132.2 billion, down 9% from the previous year.

• EBIT reached €5.8 billion, earnings per share €5.34, and free cash flow from industrial business €5.4 billion, in line with forecasts but below previous year.

• Net industrial liquidity remained stable at over €32 billion, reflecting financial resilience despite investments, dividends, and share buybacks.

• Annual and consolidated financial statements for 2025 received unqualified audit opinions and were adopted.

Board and executive committee updates

• Board of Management rejuvenated with significant reshuffling and new appointments in marketing, sales, Greater China, production, and technology.

• Supervisory Board changes: Dame Polly Courtice and Prof. Dr. Helene Svahn stepping down; Dr. Katharina Beumelburg and Dr. Rashmi Misra proposed as new members, bringing expertise in sustainability and AI.

• Remuneration system updated for 2026, focusing on clear, measurable targets and long-term ESG goals.