Supervisory Board Report

Dear Shareholders,

2025 was another successful year for adidas. The company continued to build on its positive momentum, with growth broadening meaningfully across all dimensions of the business. Profitability also improved further, supported by a sharp focus on healthy growth and consumer needs. Despite persistent and elevated external uncertainty, which impacted investors and corporates alike, we were able to upgrade our full-year guidance in the course of the year and once more deliver better-than-expected results. The key to success in this volatile environment is the empowerment of our teams in the markets, which enables them to create locally relevant products and activations and be agile and fast-to-market. Across the globe, we deepened relationships with both retail and brand partners, supported by improved collaboration and a simplified, more effective operating model. Together, these achievements have laid a strong foundation for sustainable profitable growth within a structurally attractive industry in the years ahead.

Supervision and advice in dialogue with the Executive Board

In the year under review, we performed all of our tasks laid down by law, the Articles of Association, the German Corporate Governance Code (‘Code’), and the Rules of Procedure carefully and conscientiously, as in previous years. We regularly advised the Executive Board on the management of the company and diligently and continuously supervised its management activities. The Executive Board involved us directly and in a timely and comprehensive manner in all of the company’s fundamental decisions.

The Executive Board informed us extensively and regularly through written and oral reports. This information covered all relevant aspects of the company’s strategic direction, business planning (including finance, investment, and personnel planning), the business development, and the company’s financial position and profitability. We were also kept up to date on matters relating to accounting processes, the risk situation, the adequacy and further development of the Internal Control and Risk Management Systems, and compliance as well as all major decisions and business transactions. Furthermore, the Executive Board always reported immediately and thoroughly on any deviations in business performance from the plans. In the year under review, such deviations were attributable, in particular, to the better-than-expected business development, the uncertainties and additional costs due to the US tariffs, and unfavorable currency effects. Furthermore, to prepare for our meetings, we received regular comprehensive written reports from the Executive Board. Thus, we always had the opportunity to critically analyze the Executive Board’s reports and resolution proposals within the committees and with the entire Supervisory Board and to put forward suggestions before passing resolutions based on in-depth examination and thorough consultation. At the Supervisory Board meetings, the Executive Board was available for discussions and to answer our questions. In the periods between our meetings, the Executive Board also provided us with extensive monthly reports on the current business situation. We critically examined and scrutinized the information provided by the Executive Board.

Meetings of the Supervisory Board and its committees

In the past financial year, the Supervisory Board primarily exercised its duties in plenary meetings. Members who were unable to participate in the meetings took part in the resolutions by submitting their votes in writing. In the year under review, the meetings of the Supervisory Board and its committees took place both as physical and virtual meetings. The latest videoconferencing technology was used to ensure an open and appropriate discussion between the Executive Board and the Supervisory Board within the virtual meetings.

The external auditor, PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (‘PwC’), Frankfurt am Main, Germany, attended the meetings of the Supervisory Board as part of the Executive Board’s financial reporting to the Supervisory Board, insofar as no Executive Board matters and internal matters of the Supervisory Board and Executive Board were discussed. Furthermore, PwC attended all meetings of the Audit Committee.

In the periods between meetings, the Chairman of the Supervisory Board and the Chairman of the Audit Committee maintained regular contact with the Chief Executive Officer and the Chief Financial Officer, conferring on matters such as the company’s strategic orientation, business planning and development, the risk situation, and control and risk management as well as compliance. In addition, if required, including at short notice, the Chairman of the Supervisory Board and, when necessary, the entire Supervisory Board, were informed about events of fundamental importance to the evaluation of the situation, development, and management of the company. During the Supervisory Board and committee meetings, the Chairman of the Supervisory Board and the Chairman of the Audit Committee regularly reported on discussions with the Executive Board outside the meetings.

The Supervisory Board also convened regularly without the Executive Board members, in particular to discuss internal affairs of the Supervisory Board as well as personnel and compensation matters relating to the Executive Board. The Audit Committee also followed recommendation D.10 of the Code and regularly consulted with the auditor in the Audit Committee meetings without the Executive Board.

In this year under review, too, the participation rate of the Supervisory Board and its committees was constantly high, totaling approximately 97% (2024: approximately 96%) with regard to the Supervisory Board meetings and thus exceeding the targeted minimum participation rate of 75%.

Tasks and topics for the entire Supervisory Board

In the year under review, there were eight meetings of the entire Supervisory Board (2024: eight meetings). Moreover, three resolutions were passed by way of a circular resolution.

The following subject matters were regularly discussed within the entire Supervisory Board after thorough presentations by the Executive Board: the development of sales, earnings, and the employment situation, the financial position of the company, and the business development of the company’s individual operations and markets. As the focus was on sustainable net sales growth and increasing operating profit, key topics in the year under review were the business development in the major markets and sales channels, the order book development and the sell-through of our products, the uncertainties and additional costs connected with the US tariffs, and currency effects as well as macroeconomic and geopolitical risks. In addition, we dealt intensively with the major legal disputes and official proceedings, brand and product topics, current marketing campaigns, and adidas’ key partnerships. ESG topics and related regulation were further regular topics of discussion at the Supervisory Board meetings. The work and development of the adidas Foundation, data privacy, and the preparation of the Supervisory Board elections were also discussed. Moreover, the Executive Board informed us about the status of and developments within the Human Resources organization, in particular with regard to the new approach to performance management. Furthermore, the strategic orientation of adidas as a global brand with a local mindset, and the related transfer of increased responsibilities to the markets and reduction of complexity as well as collective bargaining topics in Germany, including the collaboration with the Mining, Chemical and Energy Industries Union (Industriegewerkschaft Bergbau, Chemie, Energie – IGBCE) were discussed. As regards personnel matters within the Executive Board, general succession planning and reviewing the compensation system for the Executive Board were the major topics.

Due to statutory regulations and the Rules of Procedure, certain transactions and measures of the Executive Board require the Supervisory Board’s approval. The Supervisory Board discussed transactions requiring its approval as they arose, approving resolution items after thorough review, in some cases based on preparations by the relevant committees. In addition, the Supervisory Board regularly discussed Executive Board personnel and compensation matters as well as questions of corporate governance. ADIDAS-GROUP.COM/COMPENSATION SEE DECLARATION ON CORPORATE GOVERNANCE

In the February meeting, we focused on the preliminary results for the 2024 financial year and the company’s business situation. In addition, the Executive Board presented the Budget Plan for the 2025 financial year. Following a thorough discussion, the Supervisory Board approved the Budget Plan as presented. Moreover, we discussed adidas’ strategic orientation (‘global brand with a local mindset’ and reduction of internal complexity), its implementation in the various markets, and the reduction of roles and positions at headquarters in Herzogenaurach. With regard to the searches at adidas locations in connection with customs- and tax-related provisions for importing products into Germany, the Executive Board outlined the current status. Furthermore, we discussed the dividend proposal with the Executive Board. Another focus topic was Executive Board compensation. After determining the degree of target achievement and thoroughly reviewing the individual performance of the Executive Board members, we determined the variable compensation to be paid to the Executive Board members for the 2024 financial year. Moreover, following an internal appropriateness assessment, the Executive Board compensation was assessed to be appropriate, and the Declaration on Corporate Governance was approved.

In the balance sheet meeting in March, the Executive Board reported on the financial results for the past financial year as well as on the audit of the 2024 annual financial statements and consolidated financial statements. Before the Supervisory Board passed its resolution, the auditor reported on the material results of the audit, including the results of the audit of the content of the non-financial statement commissioned by the Supervisory Board in accordance with § 111 section 2 sentence 4 of the German Stock Corporation Act (Aktiengesetz – AktG). In connection with the non-financial statement, the auditor reported, in particular, on the implementation of the Corporate Sustainability Reporting Directive (‘CSRD’) and the European Sustainability Reporting Standards (‘ESRS’), which were applied for the first time in the 2024 financial year on a voluntary basis. After in-depth examination of the financial statements and based on the auditor’s report and the Audit Committee report on the audit results, the Supervisory Board approved the annual financial statements and consolidated financial statements as well as the combined Management Report including the non-financial statement for adidas AG and the adidas Group. The annual financial statements were thus adopted. The Executive Board also outlined the Company’s current business situation and the guidance for 2025. We also deliberated on adidas brand and product topics, current marketing campaigns, key partnerships, compliance, and the major legal disputes of adidas as well as ESG and sustainability topics. Moreover, we approved the Supervisory Board Report to the Annual General Meeting as well as the proposed resolutions to be submitted to the 2025 Annual General Meeting, including the proposal on the appropriation of retained earnings for the 2024 financial year. We also conferred on the Supervisory Board elections in 2025. After thorough deliberations, the Supervisory Board approved the candidate proposals for the Supervisory Board elections to be presented to the 2025 Annual General Meeting prepared by the Nomination Committee. Another focus topic was Executive Board compensation. The criteria and targets for the variable performance-related compensation of the Executive Board members for the 2025 financial year prepared by the General Committee were thoroughly discussed and then determined by the Supervisory Board. Moreover, the Compensation Report for the 2024 financial year was approved. Finally, we resolved amendments to the Business Allocation Plan for the Executive Board as well as the Rules of Procedure of the Supervisory Board and the Audit Committee regarding the increase in the number of Audit Committee members to five people. In this regard, Oliver Mintzlaff was elected as a further member of the Audit Committee.

Moreover, by way of a circular resolution in March, the Supervisory Board approved Bjørn Gulden’s supervisory board mandate at maxingvest GmbH & Co. KGaA, Hamburg, Germany. In this regard, he relinquished his supervisory board mandate at Tchibo GmbH.

The May meeting, which took place on the evening before the Annual General Meeting, centered around the business performance at the time as well as adidas brand and product topics, the latest marketing campaigns, and key partnerships. In this regard, the strategic orientation in particular (‘global brand with a local mindset’) and its implementation in the various markets through local activities and products were presented. Moreover, we thoroughly discussed the financial results for the first quarter of 2025. One focus topic was the impact of the US tariffs, the related macroeconomic risks and uncertainties, and the measures taken by adidas. We were also given a presentation on the adidas Foundation and discussed the Foundation’s organizational structure, the major milestones, the projects to be supported, and the long-term goals and ambitions. Furthermore, we were informed about the expected main topics and questions at the Annual General Meeting. Finally, we approved the amendments to the Business Allocation Plan for the Executive Board. After the Supervisory Board meeting, the Supervisory Board and the Executive Board visited the product exhibitions for the FIFA World Cup 2026 and Spring/Summer 2026.

During the constituent meeting of the Supervisory Board directly after the Annual General Meeting, the Supervisory Board elected Thomas Rabe as Chairman of the Supervisory Board, Paul Francis Seline as First Deputy Chairman, and Nassef Sawiris as Additional Deputy Chairman. Due to the change in Additional Deputy Chairman, the committee members were also newly elected.

In June, an update of the Declaration of Compliance 2024 was approved in accordance with § 161 AktG by way of a circular resolution.

In our meeting in late July, we discussed, in particular, the financial results for the second quarter and the first half of 2025 and the outlook for the 2025 financial year. In this regard, we deliberated with the Executive Board on the status of the expected impact of the US tariffs. Moreover, we discussed the competitive situation and were given an overview of brand and product topics, the latest marketing campaigns, and key partnerships. In view of marketing and ‘brand heat,’ the Executive Board reported, in particular, on the successes at the Women’s EURO 2025, and commented in detail on the most important globally relevant categories (Football, Running, Training, Basketball), new products in the Performance and Lifestyle areas, and adidas’ strategic orientation. Moreover, the Chairman of the Audit Committee outlined the discussions in the Audit Committee on ESG topics and sustainability reporting. Finally, the Supervisory Board was informed about the status of selected legal disputes and proceedings, and training opportunities for the Supervisory Board members.

In the Supervisory Board meeting in October, the focus was on discussing the current business situation, particularly in view of the impact of the US tariffs, the order book development, and the preliminary financial results for the third quarter. Furthermore, the Executive Board presented the workforce development, collective bargaining topics, and the internal salary adjustments made by adidas in Germany. The Executive Board also outlined the operating model changes in view of the strategic orientation, the related further reduction of previously identified roles and positions, and the new approach to performance management at adidas. Moreover, we were given an overview of the latest adidas brand and product topics, marketing campaigns, and key partnerships, especially in view of the most important globally relevant categories (Football, Running, Training, Basketball). We also discussed the strategic significance of AI and various potential areas of application for AI within the company. Finally, we prepared the self-assessment of the Supervisory Board (efficiency examination) and its committees.

In an extraordinary Supervisory Board meeting in early November, the Executive Board and Supervisory Board discussed statements made by IGBCE.

In the December meeting, we focused on the preliminary Budget Plan for the 2026 financial year presented by the Executive Board as well as on material marketing and sponsorship agreements. After a thorough review, we approved the final Budget Plan presented to us for resolution in early 2026. Furthermore, the Executive Board gave a thorough report on the current business situation and the outlook for the year under review, including an assessment of the impact of the US tariffs, and macroeconomic and geopolitical risks. We also focused on the Executive Board’s reports on adidas brand and product topics, current marketing campaigns, and key partnerships. We also deliberated on the assessment of the Supervisory Board members’ independence, resolved the Declaration of Compliance with the German Corporate Governance Code, and reviewed the objectives of the Supervisory Board regarding its composition (incl. the competency profile). Furthermore, we discussed the fulfillment of the statutory gender quota in the Supervisory Board stipulated in § 96 section 2 sentences 1, 3, and 4 AktG. In view of the Supervisory Board elections of the shareholder representatives at the 2026 Annual General Meeting, the shareholder representatives resolved pursuant to § 96 section 2 sentence 3 AktG that the minimum quota of 30% women and 30% men on the Supervisory Board has to be fulfilled separately. Moreover, the Supervisory Board was thoroughly informed about the succession planning for the Executive Board and Supervisory Board as discussed in the General Committee and Nomination Committee as well as potential adjustments of the compensation system for the Executive Board. We also discussed the results of the self-assessment (efficiency examination) of our work. Based on the self-assessment results, we derived selective measures to improve the Supervisory Board’s work. In general, the self-assessment results confirmed that the work of the Supervisory Board and its committees is highly efficient. The Supervisory Board also discussed a transaction requiring Supervisory Board approval and resolved upon it by way of circular resolution. Following the Supervisory Board meeting, the Supervisory Board and the Executive Board attended a workshop on innovation at adidas and product exhibitions.

Tasks and topics in the committees

In order to perform our tasks in an efficient manner, we have established a total of five standing Supervisory Board committees. The committees prepare resolutions and topics for the meetings of the entire Supervisory Board. Within the legally permissible framework and in appropriate cases, we have furthermore delegated the Supervisory Board’s authority to pass certain resolutions to individual committees. With the exception of the Audit Committee, the Chairman of the Supervisory Board also chairs all the standing committees. The respective committee chairmen report to the Supervisory Board on their work as well as the content and results of the committee meetings on a regular and comprehensive basis.

The Steering Committee did not meet in the year under review.

The General Committee held three meetings in the year under review (2024: five meetings). The main task of the General Committee was to prepare resolutions for the entire Supervisory Board on personnel and compensation matters of the Executive Board. Regarding Executive Board compensation, the General Committee mainly drafted proposals for resolutions on the targets, the target achievement, and the amount of the variable performance-related compensation, and pre-examined the appropriateness of the Executive Board compensation. Moreover, the General Committee dealt with the succession planning for the Executive Board, the compensation report for the year under review, the revision of the compensation systems for the members of the Executive Board and the Supervisory Board, and the resulting amendments of the Executive Board service contracts. The General Committee also discussed the feedback from the roadshows with investors on compensation and governance topics and the long-term succession planning for the Executive Board.

The Audit Committee held four meetings in the year under review (2024: four meetings). The Chief Financial Officer and the auditor were present at all meetings and reported to the committee members in detail. The Audit Committee followed the recommendation of the Code and regularly consulted with the auditor in the Audit Committee meetings without the Executive Board being present.

In addition to monitoring the accounting process, the committee’s work focused on the audit of the 2024 annual financial statements and consolidated financial statements, including the combined Management Report and the non-financial statement of adidas AG and the Group, as well as the proposal regarding the appropriation of retained earnings. Following a detailed presentation of the audit reports by the auditor, the Audit Committee decided to recommend that the Supervisory Board approve the 2024 annual financial statements and consolidated financial statements. Furthermore, the Audit Committee prepared the audit of the non-financial statement.

In the year under review, the Audit Committee thoroughly discussed the continued development and monitoring of the effectiveness and adequacy of the Risk Management System, the Internal Audit System, the Internal Control System, and the Compliance Management System. Other matters of thorough deliberation were the assignment of the audit mandate to the auditor and the determination of the audit fees and key audit matters. Furthermore, the Audit Committee commissioned the auditor with the limited assurance audit of the content of the non-financial statement, which was prepared in line with the ESRS. In addition, the Audit Committee monitored the auditor’s independence and qualification, while also taking into account the non-audit services provided by the auditor. With regard to assessing the quality of the audit, the Audit Committee determined on the basis of, inter alia, an internal quality review that there were no indications of insufficient quality of the 2024 audit. The Audit Committee discussed the quarterly financial results and the half-year financial report. Furthermore, in the year under review, the Audit Committee thoroughly dealt with the audit plan and the risk management report. In each committee meeting, the Audit Committee was also informed about the findings and developments of the Internal Audit department and current cases and developments in the area of compliance.

Moreover, topics such as data privacy and information security as well as ESG, sustainability topics, and sustainability reporting at adidas were discussed during the Audit Committee meetings. Global Business Services, the key audit findings of Internal Audit, and the S4/HANA implementation at adidas were further topics of discussion. The Audit Committee also deliberated on the tax strategy and the audit requirements to be observed by the Supervisory Board for the public country-by-country reporting (pCbCR). In February, the Audit Committee decided by way of a circular resolution to commission the (limited assurance) audit of the combined non-financial statement in the Group Management Report for the 2024 financial year, as the EU directives regarding sustainability reporting (CSRD) had not yet been implemented.

The Nomination Committee held three meetings in the year under review (2024: two meetings). The focus topic both of meetings and of deliberations in the period between the meetings was the preparation of the Supervisory Board’s proposals for the election of the Supervisory Board members representing the shareholders to the 2025 and 2026 Annual General Meetings. Following thorough discussions, specific candidate proposals were prepared that took into account the competency and diversity profile defined by the Supervisory Board, and the qualification matrix for the Supervisory Board members, the statutory requirements for the candidates’ suitability and independence, and the applicable recommendations of the Code as well as investor expectations and feedback.

Furthermore, the Nomination Committee discussed the general succession planning for the Supervisory Board, in particular for the position of the Chairman of the Supervisory Board, which included consideration of investor expectations. This also comprised a thorough review of the Supervisory Board’s objectives regarding its composition, the Supervisory Board’s competency and diversity profile, and the independence and availability of the Supervisory Board members. The Nomination Committee concluded that all members of the Supervisory Board generally have sufficient time to perform their tasks. Finally, the Nomination Committee prepared resolution proposals for the Supervisory Board.

As in previous years, the Mediation Committee, established in accordance with the German Co-Determination Act (Mitbestimmungsgesetz – MitbestG), did not have to be convened in the year under review.

Election and composition of the Supervisory Board

At the end of the Annual General Meeting on May 15, 2025, Thomas Rabe’s term of office expired. Thomas Rabe was elected to the Supervisory Board for the period until the end of the 2026 Annual General Meeting by the shareholders and, during the constituent Supervisory Board meeting directly after the Annual General Meeting, as Chairman of the Supervisory Board by the Supervisory Board members.

Furthermore, Ian Gallienne resigned as Additional Deputy Chairman at the end of the Annual General Meeting on May 15, 2025. The Chairman and his two Deputies as well as the committee members were elected at the constituent meeting of the Supervisory Board. Paul Francis Seline was elected as First Deputy Chairman and Nassef Sawiris was elected as Additional Deputy Chairman of the Supervisory Board.

Moreover, at the Supervisory Board meeting on March 4, 2025, Oliver Mintzlaff was elected as a further member of the Audit Committee. There were no other changes in the Audit Committee. SEE SUPERVISORY BOARD

With regard to the representation of women and men, the Supervisory Board complies with the statutory minimum quota pursuant to § 96 section 2 sentence 1 AktG. Prior to the resolution on the election proposals, the shareholder representatives had resolved that the minimum quota of 30% women and 30% men on the Supervisory Board should be fulfilled separately for the shareholder representatives and the employee representatives in accordance with § 96 section 2 sentence 3 AktG.

The members of the Supervisory Board are individually responsible for undertaking any necessary training and further education measures required for their tasks. To assist them in their role, the company offers new Supervisory Board members or members who assume new responsibilities an introduction to the work of the Supervisory Board and/or to new areas of responsibility within adidas AG. In this regard, the Supervisory Board members receive a detailed introduction to the business and subject areas that are relevant for their particular tasks. Oliver Mintzlaff, the new Audit Committee member, participated in comprehensive introductory sessions in the areas of, inter alia, accounting, internal control and risk management systems, compliance, and ESG. The company also informed the Supervisory Board regularly about current legislative changes, particularly with regard to the increasing regulation of ESG topics and sustainability reporting, and about opportunities for external training, and provided relevant specialist literature.

Changes on the Executive Board

In the year under review, there were no changes on the Executive Board. SEE EXECUTIVE BOARD

Corporate governance

The Supervisory Board regularly monitors the application and further development of the corporate governance regulations within the company, in particular the implementation of the regulations of the Code. The Supervisory Board and its committees dealt with the corporate governance requirements of the German Stock Corporation Act and the Code at their meetings. Further detailed information on corporate governance within the company is set out in the Declaration on Corporate Governance. SEE DECLARATION ON CORPORATE GOVERNANCE

Following thorough deliberations, the current Declaration of Compliance pursuant to § 161 AktG was resolved by the Executive Board and the Supervisory Board of adidas AG in December 2025 and was made permanently available on our website. ADIDAS-GROUP.COM/CORPORATE-GOVERNANCE

In the year under review, there were no conflicts of interest among the members of either the Supervisory Board or the Executive Board. In the opinion of the Supervisory Board, the brand ambassador agreement between adidas and the Supervisory Board member Jackie Joyner-Kersee does not constitute a conflict of interest with regard to her role on the Supervisory Board. Furthermore, in the year under review, the Supervisory Board approved a transaction with a company in which a Supervisory Board member holds a management position. The Supervisory Board member in question did not participate in the discussions on the matter or in the voting on the respective resolution.

Examination of the annual financial statements and consolidated financial statements

Following the Supervisory Board’s proposal, which was based on the Audit Committee’s recommendation, the 2025 Annual General Meeting appointed PwC as auditor and Group auditor for the 2025 financial year. Prior to this, PwC had confirmed to both the Supervisory Board and the Audit Committee that there were no circumstances which could prejudice their independence as auditor or which could cast doubt on PwC’s independence. In this respect, PwC also declared the extent to which non-audit services were rendered for the company in the previous financial year or were contractually agreed for the following year.

PwC audited the 2025 consolidated financial statements prepared by the Executive Board in accordance with § 315e of the German Commercial Code (Handelsgesetzbuch – HGB) in compliance with the IFRS Accounting Standards, as they are to be applied in the European Union, and issued an unqualified opinion thereon. The auditor also approved without qualification the 2025 annual financial statements of adidas AG, prepared in accordance with HGB requirements, and the combined Management Report for adidas AG and the Group. Furthermore, as commissioned by the Supervisory Board, PwC audited the non-financial statement. The financial statements, the proposal on the appropriation of retained earnings, and the reports of the auditor on the annual financial statements and consolidated financial statements were distributed by the Executive Board to all Supervisory Board members in a timely manner.

The financial statements were examined in depth, with a particular focus on legality and regularity, in the presence of the auditor in the Audit Committee meeting held on March 2, 2026, and in the balance sheet meeting of the Supervisory Board on March 3, 2026, during which the Executive Board explained the financial statements in detail. In both meetings, the auditor reported on the material results of the audit, inter alia with regard to the audit focus points agreed and key audit matters, and was available for questions, providing additional information. The auditor did not report any significant weaknesses of the Internal Control and Risk Management Systems with regard to the accounting process. Prior to the passing of the resolution, the auditor reported on the results of the audit of the content of the non-financial statement with limited assurance, as commissioned by the Audit Committee. In addition, the Supervisory Board thoroughly discussed and approved the Executive Board’s proposal concerning the appropriation of retained earnings for the 2025 financial year.

Based on our own examinations of the annual financial statements and consolidated financial statements (including the non-financial statement), we concluded that there are no objections to be raised. Therefore, following the recommendation of the Audit Committee, the Supervisory Board agreed with the auditor’s audit results and approved the financial statements prepared by the Executive Board, including the non-financial statement, for the 2025 financial year. The annual financial statements were thus adopted. PwC has been acting as auditor and Group auditor for adidas AG since the 2023 financial year. As the responsible audit partners since the 2023 financial year, the auditors Rainer Kroker and Christian Landau have signed the financial statements.

Expression of thanks

On behalf of the entire Supervisory Board, I wish to thank the current Executive Board and all our employees around the world for their great personal dedication and ongoing commitment. I would also like to express my gratitude for the enduring trust and cooperation between the employee and shareholder representatives on the Supervisory Board.

For the Supervisory Board

THOMAS RABE

CHAIRMAN OF THE SUPERVISORY BOARD

March 2026