The international strategy and associated performance forecast of DHL Group also reflect the expectations for Deutsche Post AG as the parent company. Since Deutsche Post AG is interconnected with the companies of DHL Group through arrangements, including financing and guarantee commitments and direct and indirect investments in its investees, Deutsche Post AG’s opportunities and risks fundamentally align with those of the Group. The section titled expected developments, opportunities and risks therefore also covers expected developments, opportunities and risks with respect to Deutsche Post AG as the parent company. The Post & Parcel Germany division reflects Deutsche Post AG’s core business in material respects. The Group’s legal structure is to be aligned with its management structure in subsequent years. It is planned to continue the existing dividend and earnings policies. The subsidiaries have an indirect influence on Deutsche Post AG through net investment income from profit transfer agreements. Earnings development in 2025 corresponded with the forecast from the previous year and enables the planned dividend distribution in 2026 from the net profit for 2025.
In addition to its own operations, the subsidiaries’ future operating results influence the future results of Deutsche Post AG. The HGB financial statements are material to calculating the dividend. Without one-off effects from the financial result, we anticipate for the 2026 fiscal year a result for Deutsche Post AG at the level of 2025, which should enable a dividend payment compatible with our financial strategy.