21. Dividend per share

The dividend entitlement for the share classes is based on the distributable profit of the relevant division calculated in accordance with the provisions of the German Commercial Code (HGB).

The Annual General Meeting held on 3 July 2025 decided to distribute a dividend of € 0.10 per share to the shareholders of the Port Logistics subgroup and of € 1.50 per share to the shareholders of the Real Estate subgroup. This differed from the proposal by the Executive Board and Supervisory Board to distribute a cash dividend of € 0.16 per listed class A share. Based on the number of dividend-bearing shares as of 31 December 2024, this is equivalent to a total distribution of € 7,252 thousand for the Port Logistics subgroup and of € 4,057 thousand for the Real Estate subgroup, which was paid on 8 July 2025. For further information, please refer to Note 35.

The remaining undistributed profit was carried forward to the new account.

HHLA’s appropriation of profits is oriented towards the development of the HHLA Group’s earnings in the financial year ended. In line with this, the Executive Board and Supervisory Board will recommend to the Annual General Meeting on 11 June 2026 that no dividend be paid for listed class A shares or for non-listed class S shares for the 2025 financial year.