21. Equity

The company's authorised share capital amounts to three hundred million euros (€300,000,000) and is divided into three hundred million (300,000,000) ordinary shares with a nominal value of one euro (€1.00). Of these, 149,682,196 shares with a total nominal value of €149,682,196 have been issued and fully paid up.

The share premium reserve is recognised for tax purposes.

The proposed dividend distribution for 2025 is based on 50% of the profit from ordinary activities after tax, with a maximum distribution of €100 million. The proposed dividend distribution will be paid to shareholders as an exact amount in proportion to the number of shares they hold. All ordinary shares are entitled to a dividend. The proposed dividend distribution for 2025 is €0.67 per share (2024: €0.85 per share). The proposed dividend payment amounts to €100 million; as a result, the reservation to be credited to the general reserve amounts to €300 million. This profit appropriation proposal has not been included on the balance sheet as of 31 December 2025.

The result before taxes for the 2025 financial year presented on the income statement relates exclusively to realised results. At year-end 2025, equity amounted to €5,811 million (2024: €5,538 million). At year-end 2025, total equity per share amounted to €38.83 (2024: €37.00).

For further information, please refer to the consolidated statement of changes in equity.