Porsche : Annual Financial Statements Porsche Financial Services GmbH for the financial year 2025

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‌Porsche Financial Services GmbH Bietigheim-Bissingen Audited Financial Statements Annual financial statements December 31, 2025 EY GmbH & Co. KG Certified Public Auditors (Germany) Table of Contents Independent Auditor's Report Financial Reporting Engagement Terms, Limitation of Liability and Restriction on Use General Terms and Conditions of Engagement Notice: The following Independent Auditor's Report has been issued by us in compliance with the statutory and professional requirements and subject to the conditions described in the appendix "Engagement Terms, Limitation of Liability and Restriction on Use". If this document is used in electronic form for disclosure purposes pursuant to section 325 of the German Commercial Code (Handelsgesetzbuch - HGB), only the files relating to the financial reporting and, where a statutory audit is required, the Independent Auditor's Report or the corresponding audit opinion issued thereon are intended for this purpose. Independent Auditor's Report To Porsche Financial Services GmbH Audit Opinion We have audited the annual financial statements of Porsche Financial Services GmbH, Bietigheim-Bissingen, comprising the balance sheet as at December 31, 2025, the income statement for the financial year from January 1 to December 31, 2025, and the accompanying notes to the annual financial statements for 2025. Based on the knowledge obtained in the audit, in our opinion the accompanying annual financial statements comply, in all material respects, with the German commercial law provisions applicable to all merchants as well as with the presentation and disclosure requirements applicable to corporations pursuant to sections 264 to 277 of the German Commercial Code (Handelsgesetzbuch - HGB). In accordance with section 322 (3) sentence 1 HGB, we declare that our audit has not led to any objections to the propriety of the annual financial statements. Basis for the Audit Opinion We conducted our audit of the annual financial statements in accordance with section 317 HGB and in compliance with the German Generally Accepted Standards for the Audit of Financial Statements as promulgated by the Institut der Wirtschaftsprüfer (IDW). Our responsibilities under these requirements and principles are further described in the section "Auditor's Responsibility for the Audit of the Annual Financial Statements" of our Independent Auditor's Report. We are independent of the Company in accordance with German commercial and professional regulations and have fulfilled our other German professional responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the annual financial statements. Emphasis of Matter By availing itself of the exemption provision of section 264 (3) HGB, no notes to the annual financial statements and no management report were prepared. At the time of completion of our audit, it could not be finally assessed whether the exemption pursuant to section 264 (3) HGB had been rightfully claimed, as the requirements set out in section 264 (3) sentence 1 no. 5 letters (a) to (e) HGB are only fulfilled at a later point in time. Our audit opinion on the annual financial statements has not been modified in this respect. Responsibilities of Management for the Annual Financial Statements Management is responsible for the preparation of the annual financial statements in compliance, in all material respects, with the German commercial law provisions applicable to all merchants as well as with the presentation and disclosure requirements applicable to corporations pursuant to sections 264 to 277 HGB. Furthermore, management is responsible for such internal controls as it has determined, in accordance with the German Generally Accepted Accounting Principles (Grundsätze ordnungsmäßiger Buchführung), are necessary to enable the preparation of annual financial statements that are free from material misstatement, whether due to fraudulent acts (i.e. manipulation of accounting records and misappropriation of assets) or error. In preparing the annual financial statements, management is responsible for assessing the Company's ability to continue as a going concern. Moreover, management has the responsibility to disclose, as applicable, matters related to going concern. In addition, management is responsible for accounting on the going concern basis unless actual or legal circumstances preclude the use of the going concern assumption. Auditor's Responsibility for the Audit of the Annual Financial Statements Our objective is to obtain reasonable assurance as to whether the annual financial statements as a whole are free from material misstatement, whether due to fraudulent acts or error, and to issue an Independent Auditor's Report that includes our audit opinion on the annual financial statements. Reasonable assurance is a high level of assurance, but not a guarantee that an audit conducted in accordance with section 317 HGB and in compliance with the German Generally Accepted Standards on Auditing as promulgated by the Institut der Wirtschaftsprüfer (IDW) will always detect a material misstatement. Misstatements may arise from fraudulent acts or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these annual financial statements. During the audit, we exercise professional judgment and maintain professional skepticism. In addition, we identify and assess the risks of material misstatement of the annual financial statements, whether due to fraudulent acts or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our audit opinion. The risk of not detecting a material misstatement resulting from fraudulent acts is higher than the risk of not detecting a material misstatement resulting from error, as fraudulent acts may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls; obtain an understanding of the internal control system relevant to the audit of the annual financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an audit opinion on the effectiveness of the Company's internal control system; evaluate the appropriateness of the accounting policies applied by management and the reasonableness of accounting estimates and related disclosures made by management. we draw conclusions on the appropriateness of the going concern basis of accounting applied by management and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern.** If we conclude that a material uncertainty exists, we are required to draw attention in the Independent Auditor's Report to the related disclosures in the annual financial statements or, if such disclosures are inadequate, to modify our audit opinion. Our conclusions are based on the audit evidence obtained up to the date of our Independent Auditor's Report. However, future events or conditions may cause the Company to cease to continue as a going concern. We communicate with those charged with governance, among other matters, the planned scope and timing of the audit and significant audit findings, including any deficiencies in the internal control system that we identify during our audit. Stuttgart, April 8, 2026 EY GmbH & Co. KG Audit Firm Frey Massa Auditor Auditor ‌This document is a non-binding convenience translation of the German original.‌ In case of any discrepancy between the English and German versions, the German version prevails Porsche Financial Services GmbH, Bietigheim-Bissingen Balance sheet in accordance with the German Commercial Code (HGB) as of December 31, 2025 Aktiva A. Non-current assets I. Intangible assets Equity and liabilities A. Equity I. Subscribed capital 31.12.2025 EUR EUR 31.12.2024 TEUR 31.12.2025 EUR EUR 31.12.2024 TEUR 24.000.000,00 24.000 1 Purchased rights and licenses 3.029.581,34 2 Advance payments 2.067.985,35 4.802 1.204 II. Capital reserve 135.556.459,41 2.556 III. Retained earnings 5.097.566,69 6.005 II. Property, plant and equipment 1 Operating and office equipment 200.577,11 2 Advance payments and assets under construction 31.064,25 205 0 231.641,36 205 Other retained earnings 52.000,00 52 159.608.459,41 26.608 B. Provisions 1 Provisions for pensions and similar obligations 40.679.074,00 thereof amount restricted from distribution EUR 0.00 (PY TEUR 0) 2 Tax provisions 2.157.400,00 3 Other provisions 30.171.826,15 III. Financial assets 40.266 1 Shares in affiliated companies 324.605.332,48 2 Investments 0,00 183.111 5.020 2.178 28.309 324.605.332,48 188.131 73.008.300,15 70.753 C. Liabilities B. Current assets 1 Advance payments received 340.573,26 2 Trade payables 412.510,36 3 Liabilities to affiliated companies 454.352.869,05 4 Other liabilities 6.409.397,27 thereof tax liabilities EUR 359,997.94 (PY TEUR 374) 318 34 436.524 5.683 329.934.540,53 194.341 I. Inventories Finished goods and merchandise 459.444,93 98 II. Receivables and other assets 461.515.349,94 442.560 1 Trade receivables 10.266.698,83 2 Receivables from affiliated companies 337.168.730,13 3 Other assets 16.138.482,44 7.635 323.576 14.851 D. Deferred income 2.862.838,03 3.012 363.573.911,40 346.061 III. Cash on hand and bank balances 2.929.353,25 2.276 366.962.709,58 348.435 C. Prepaid expenses 52.877,31 144 D. Difference from the offsetting of assets 44.820,11 14 696.994.947,53 542.934 696.994.947,53 542.934 Contingent liabilities Contingent liabilities from the provision of collateral for third-party liabilities 59.587.322,58 68.604 This document is a non-binding convenience translation of the German original. In case of any discrepancy between the English and German versions, the German version prevails ‌Porsche Financial Services GmbH, Bietigheim-Bissingen‌ Income Statement in accordance with the German Commercial Code (HGB) for the period from January 1 to December 31, 2025 2025 2024 EUR EUR EUR TEUR 1. Revenue 96,922,887.62 88,173 2. Other operating income of which income from currency translation EUR 105,777.56 (PY TEUR 206) 12,484,747.33 5,465 109,407,634.95 93,638 3. Cost of materials a) Expenses for purchased services -33,969,962.82 -28,201 4. Personnel expenses a) Wages and salaries -24,386,915.48 b) Social security contributions and expenses for pensions and support -4,006,715.99 thereof for pensions EUR 298,930.14 (PY TEUR 853) -26,218 -4,091 -28,393,631.47 -30,309 5. Depreciation and amortization of intangible assets and property, plant and equipment of which extraordinary depreciation EUR 538,298.96 (PY TEUR 0) -3,105,910.11 -2,98 6. Other operating expenses of which expenses from currency translation EUR 203,646.30 (PY TEUR 191) -40,177,036.16 -35,688 -105,646,540.56 -97,179 3,761,094.39 -3,541 7. Income from investments thereof from affiliated companies EUR 136,009,057.33 (PY TEUR 2,564) 136,009,057.33 2,564 8. Other interest and similar income thereof from affiliated companies EUR 11,348,131.40 (PY TEUR 15,811), of which from the discounting of provisions EUR 48,000.00 (PY TEUR 73) 11,748,188.41 16,393 9. Depreciation on financial assets and marketable securities -5,019,987.54 -4,634 10. Interest and similar expenses thereof to affiliated companies EUR 10,477,631.08 (PY TEUR 17,551), thereof from unwinding of provisions EUR 767,186.27 (PY TEUR 710) 11. Income taxes 12. Restult after taxes 13. Income from loss absorption 14. Profit transferred under a profit transfer agreement 15. Net income for the year 131,492,440.85 -3,938 -2,936,061.00 -6,162 132,317,474.24 -13,641 0.00 13,641 -132,317,474.24 0 0.00 0 -11,244,817.35 -18,261 ‌Porsche Financial Services GmbH, Bietigheim-Bissingen Supplementary information to the annual financial statements 2025 ‌General information The annual financial statements of Porsche Financial Services GmbH (Register court: Stuttgart District Court, HRB 301159), Bietigheim-Bissingen, were prepared for the financial year from 1 January 2025 to 31 December 2025. ‌Notes to the balance sheet Receivables and other assets Receivables and other assets are broken down as follows: 2025 2024 in TEUR in TEUR With a remaining term of up to one year Trade receivables 10,267 7,635 Receivables from affiliated companies 195,173 150,723 Other receivables and assets 15,204 14,375 With a remaining term from 1 to 5 years Trade receivables - - Receivables from affiliated companies 141,996 172,853 Other receivables and assets 935 476 With a remaining term of more than 5 years Trade receivables - - Receivables from affiliated companies - - Other receivables and assets 0 0 Receivables from affiliated companies amounting to TEUR 337,169 (prior year TEUR 323,576) are composed as follows: 2025 2024 in TEUR in TEUR Receivables from shareholder 240 15,393 of which: trade receivables 240 1,752 of which: receivables from profit transfer agreement - 13,641 Receivables from other affiliated companies 336,929 308,183 of which: receivables from loans 336,671 307,860 of which: trade receivables 258 323 As of the reporting date, there were no short-term foreign currency receivables and no short-term foreign currency liabilities. Income from foreign currency translation is reported under other operating income. Expenses from foreign currency translation are reported under other operating expenses. Pension provisions Provisions for pensions and similar obligations are determined using actuarial methods applying the projected unit credit method, taking into account the current mortality tables 2018 G by Prof. Dr. Klaus Heubeck. In accordance with section 253 of the German Commercial Code (HGB), pension provisions amounting to TEUR 40,679 (prior year TEUR 40,266) existed as of the balance sheet date. No amount subject to distribution restrictions arises under section 253 (6) HGB, as the provision calculated using the ten-year average discount rate exceeds the provision calculated using the seven-year average discount rate (prior year TEUR 0). Liabilities 2025 2024 in TEUR in TEUR With a remaining term of up to one year Liabilities to banks - - Advances received 341 318 Trade payables 413 34 Liabilities to affiliated companies 454,353 436,524 Other liabilities 6,409 5,683 With a remaining term from 1 to 5 years Liabilities to banks - - Trade payables - - Liabilities to affiliated companies - - Other liabilities - - As of the reporting date, there were no liabilities with a remaining term of more than 5 years. Liabilities to affiliated companies amounting to TEUR 454,353 (prior year TEUR 436,524) are composed as follows: 2025 2024 in TEUR in TEUR Liabilities to shareholder 136,895 4,568 of which: liabilities from loans - - of which: liabilities from tax allocation agreement 2,936 4,233 of which: VAT liabilities 232 322 of which: liabilities from profit transfer agreement 132,317 - of which: trade payables 1,409 13 Liabilities to other affiliated companies 317,458 431,957 of which: liabilities from loans 315,895 430,058 of which: trade payables 1,563 1,898 ‌Notes to the income statement Revenue Revenue is broken down as follows: 2025 2024 in TEUR in TEUR Financing business 50,331 40,906 Insurance business 6,426 5,867 Service provider activities 30,263 31,648 Credit card business 2,283 1,853 Leasing business 3,274 3,659 Other services 4,347 4,241 Other services amounting to TEUR 4,347 (prior year TEUR 4,241) include revenue from recharges of service costs and revenue from the provision of vehicles to the Company's employees. Other operating income Other operating income mainly comprises income from the reversal of value adjustments on receivables and the reversal of provisions, income from reversals of impairment losses on financial assets, and income from foreign currency translation. This includes income relating to prior periods amounting to TEUR 4,857 (prior year TEUR 5,259). Other operating expenses Other operating expenses include in particular external IT services, licence fees, rental expenses, expenses from additions to provisions and value adjustments, legal and consulting costs, as well as expenses from foreign currency translation. Bietigheim-Bissingen, 18 March 2026 The Management Board Volker Reichhardt Konrad Riedl Managing Director and Spokesperson Managing Director In case of any discrepancy between the English and German versions, the German version prevails

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