Slide 1: Q4/FY 2025 Results
Q4/FY 2025 Results Tobias Meyer, Group CEO Melanie Kreis, Group CFO DHL Group Bonn, March 5, 2026
Slide 2: FY2025 Highlights
FY2025 Highlights Cash Flow and 2025 Results Shareholder Returns Growth Outlook Delivered on guidance through Targeted growth investments, Strategy 2030 focused on GDP+ effective cost and yield increased dividend and continued growth opportunities in targeted management - FY2025 EBIT share buyback e
Slide 3: FY2025 Key numbers
FY2025 Key numbers Strong performance, ahead of targets on all metrics Financial EBIT ROIC FCF excl. Net M&A €6,103m 13.9% €3,201m (+4% yoy) (+20bp yoy) (+8% yoy) Non-Financial Realized Employee Decarbonization Cybersecurity Engagement Effects BitSight Rating EOS* 82 2.1 mt CO2e Top-quartile (780) *
Slide 4: Commitment to attractive shareholder returns
Commitment to attractive shareholder returns Proposal for FY2025 dividend increase from €1.85 to €1.90 Additional shareholder return through continued execution on multi-year Share €1.90 €1.85 Buyback program: Current SBB program: up to €6bn until end of 2026 €4.5bn ~1.4 ~1.5* ~1.0 ~1.0 ~1.0 ~1.0 €0
Slide 5: 2025 confirmed resilience and diversification of global trade
2025 confirmed resilience and diversification of global trade Global trade growth with very different patterns across different trade lanes DHL Express Time Definite International Weight per Day yoy development 2025 FY2025 • Rising trade volatility reflects a world where fast-growing regions outside
Slide 6: Strategy 2030 – Focus on Accelerating Sustainable Growth
Strategy 2030 – Focus on Accelerating Sustainable Growth Clear, actionable focus topics to structurally accelerate growth and profitability We are leveraging GDP+ growth opportunities Top-line Growth through dedicated initiatives and synergies – Accelerators group-wide and on a divisional basis Divi
Slide 7: Profitability Accelerators: Fit for Growth
Profitability Accelerators: Fit for Growth Faster progress & hence higher FY2025 contribution Fit for Growth FY2025 • Significant structural air network reset in EBIT contribution Express Europe and USA, e.g. through of >€600m (excl. CoC) Aviation & network redesign, air-to-truck Air Freight • Fleet
Slide 8: Profitability Accelerators: Artificial Intelligence at DHL Group
Profitability Accelerators: Artificial Intelligence at DHL Group We have the right skills to leverage AI benefits, but it is not changing our fundamental business model We implement AI as a combination of 3 layers Key Observations In-house Engineering • We approach the adoption of AI pragmatically &
Slide 9: Top-line Growth Accelerators: Clearly defined strategic growth priorities
Top-line Growth Accelerators: Clearly defined strategic growth priorities Continued focus and investment in our targeted Group growth initiatives Large exposure, GDP+ growth Large exposure, high complexity Significant growth opportunities E-commerce Life Sciences & Healthcare AI & Datacenters ~28% o
Slide 10: DHL Group Guidance
DHL Group Guidance FY2026 target, in €bn >6.2 ~3.0 3.0-3.3 Group EBIT FCF excl. Net M&A Gross Capex excl. leases >5.6 >0.9 ~-0.4 ~30% DHL P&P Germany Group Functions Tax Rate • Base assumption: continued muted macro environment Mid-term, in €bn >7 >3 >3 Group EBIT FCF excl. Net M&A, p.a. Gross Capex
Slide 11: Group of strong divisions
Group of strong divisions Q4 2025 Reported Group EBIT -1% yoy to €1,827m; excl. non-recurring items +7% yoy DHL DHL Global DHL DHL Post & Parcel Express Forwarding, Freight Supply Chain eCommerce Germany €1,077m (-0.5%) €163m (-36.1%) €267m (+2.9%) €95m (-10.0%) €367m (+12.8%) • Q4 Organic revenue g
Slide 12: FY2025: Non-recurring effects
FY2025: Non-recurring effects FY2025 EBIT growth of 7% excl. non-recurring items in €m +7.1% yoy -245 260 -142 70 Of which: Of which: Of which: EXP €-70m EXP €-64m EXP €5m GFF €-84m eC €-48m SC €32m eC €-30m GF €-30m eC €208m P&P €-60m GF €15m 5,886 5,816 6,229 6,103 FY 24 EBIT Positive P&P FY 24 EB
Slide 13: P&L Summary
P&L Summary 8% increase in FY2025 EPS, reflecting operating profit growth and reduction of share count from SBB DHL Group, EPS 2015-2025 P&L Summary: Selection of most relevant line items in € in €m FY2024 FY2025 yoy in % +9.3% CAGR Revenue 84,186 82,855 (1.6%) Purchased goods (42,766) (40,910) 4.3%
Slide 14: Cash Flow Statement Summary
Cash Flow Statement Summary FCF conversion shows structurally improved translation of profit growth into cash flow FCF excl. Net M&A history, in €m CFS Summary: Selection of most relevant line items in €m in €m FY2024 FY2025 yoy in % FCF 96% 91% EBIT 5,886 6,103 3.7% 90% 89% conversion 85% 81% 86% (
Slide 15: DHL Group transformation: Ten-year EBIT and FCF evolution
DHL Group transformation: Ten-year EBIT and FCF evolution Structural transformation has not only driven higher numbers, but created a structurally better company EBIT FCF excl. Net M&A Earnings mix & quality • Evolved from a mail-heavy profile to a global logistics leader in €m in €m geared for sust
Slide 16: Alignment of legal group structure: on plan
Alignment of legal group structure: on plan All preparations on track for vote on P&P carve-down at 2026 AGM on 5th May ILLUSTRATIVE Target Planned Timeline of P&P carve- DHL AG structure down - (former Deutsche Post AG) - listed parent company - • By end March: publication of AGM agenda and carve-d
Slide 17: CFO Summary
CFO Summary 2026 outlook Growth from 2025 level – maintain focus on cost & yield measures to ensure further profitable growth Cash Flow Successfully balance shareholder returns with continued targeted investments whilst increasing ROIC - building on structurally higher cash conversion Growth acceler
Slide 18: DHL Group – Global Logistics Leader with Clear Value Creation Agenda
DHL Group – Global Logistics Leader with Clear Value Creation Agenda World’s leading logistics company Resilient Business Model #1 Global TDI Express #1 Contract Logistics Diversified group structure and broad market #3 Air- & Ocean-Freight #1 Parcel Germany exposure ensure stable cash flows through
Slide 19: Appendix
Appendix
Slide 20: Q4/FY 2025: Express
DHL Express Q4/FY 2025: Express Stable FY2025 revenue excl. FX Sixth consecutive quarter of yoy EBIT improvement • Revenue development yoy (2025: -3%; Q4: -4%) DHL Express reflects significant FX effects (2025: -3%; Q4: -4.5%) Exemplary cost actions, Q4 2025 yoy • Flat organic growth in FY2025 (Q4:
Slide 21: Q4/FY 2025: Global Forwarding, Freight
DHL Global Forwarding, Freight Q4/FY 2025: Global Forwarding, Freight Stable volume at lower market rates Revenue development mainly reflects freight rate declines -5% -2% • Revenue development yoy (2025: -5%; Q4: -8%) Air reflects adverse FX effects (2025: -2%; Q4: -3%) 594 566 as well as stable yo
Slide 22: Q4/FY 2025: Supply Chain
DHL Supply Chain Q4/FY 2025: Supply Chain 2025 M&A strategy: centered on new capabilities that Significant FX effects on revenue • Revenue development yoy (2025: +0.5%; Q4: +5%) accelerate expansion into high-growth markets includes significant FX effects (2025: -3%; Q4: -5%) • Organic growth of +2.
Slide 23: Q4/FY 2025: eCommerce
DHL eCommerce Q4/FY 2025: eCommerce Significant FX and M&A effects on revenue Largest Out-Of-Home Network in Europe • Seasonality moving further towards significant peak Total number of access points in Europe (incl. partners) season contribution • Q4 revenue development yoy (-12%) reflects deconsol
Slide 24: Q4/FY 2025: P&P Germany
Post & Parcel Germany Q4/FY 2025: P&P Germany Unchanged structural volume trends Revenue development reflects ongoing structural shift • FY2025 volume/revenue yoy, like-for-like: +12% Mail -6%/+2%; Parcel +2%/+5% • Full regulatory mail pricing headroom of 10.6% Parcel +2%* +6%* implemented in 2025,
Slide 25: Q4 2025: Non-recurring effects
Q4 2025: Non-recurring effects in €m +7.2% yoy -143 -30 16 Of which: Of which: Of which: EXP €-25m EXP €-15m SC €-14m GFF €-51m eC €-5m eC €30m 1,983 1,851 1,851 eC €-7m GF/Cons 1,827 P&P €-60m €-10m 5,816 1,983 Q4 2024 Q4 2024 Q4 2025 Cost of Change Other non- M&A effects Q4 2025 EBIT reported EBIT
Slide 26: Q4 2025: Overview non-recurring items
Q4 2025: Overview non-recurring items in €m EXP GFF SC eC P&P GF/Cons. GROUP EBIT 1,077 163 267 95 367 (142) 1,827 Cost of Change (25) (51) (7) (60) (143) M&A-related* (14) 30 16 Other** (15) (5) (10) (30) EBIT excl. non-recurring items 1,117 214 281 77 427 (132) 1,983 * SC: integration costs; eC: f
Slide 27: FY2025: Overview non-recurring items
FY2025: Overview non-recurring items in €m EXP GFF SC eC P&P GF/Cons. GROUP EBIT 3,162 756 1,161 379 1,032 (387) 6,103 Cost of Change (70) (84) (30) (60) (245) M&A-related* 5 32 208 15 260 Other** (64) (48) (30) (142) EBIT excl. non-recurring items*** 3,290 840 1,129 250 1,092 (372) 6,229 * EXP: JV
Slide 28: Disclaimer
Disclaimer This presentation contains certain statements that are neither reported results nor other historical information. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking state