Dividends and repurchase of treasury shares

Dividends and repurchase of treasury shares

Due to the negative consolidated net income in the past financial year, the Management Board and the Supervisory Board intend to propose to the Annual General Meeting not to distribute a dividend for the coming year. PUMA's dividend policy normally provides for a dividend payout of between 25% and 40% of consolidated net income. In the previous year, a dividend of € 0.61 per share was paid out and the payout ratio was 32.3% of consolidated net income.

In addition, the dividend distribution can be supplemented by a further 10% to 25% by means of an optional share repurchase programme. On 31 March 2025, PUMA SE completed the acquisition of shares under the share repurchase programme.

In connection with this, in the period from 1 January 2025 up to and including 31 March 2025, PUMA SE acquired 1,687,753 shares under the share repurchase programme at a total price of € 50,000,005.59 (excluding incidental acquisition costs) and an average purchase price of approx. € 29.63 per share. This corresponded to 1.13% of the subscribed capital. Of the shares repurchased, 1,690,270 were cancelled in the third quarter of 2025.

No further repurchase of treasury shares is planned for the 2026 financial year.

Further information on the repurchase of treasury shares can be found in the following table.

As of the balance sheet date, 31 December 2025, the Company held a total of 799,021 PUMA shares in its own portfolio, which corresponded to 0.54% of the subscribed capital.