GRUNDFOS FOUNDATION GOVERNANCE Majority shareholder in Grundfos With 88 per cent of the shares, the Grundfos Foundation is the main owner of the Grundfos Group. Of the annual profits made by the Grundfos Group, 50 per cent is retained, while the remaining 50 per cent is paid out as dividends to the shareholders. A total of DKK 1.7 billion in dividends were paid out to Grundfos shareholders in 2025. Dividends are paid once a year, following approval of the Grundfos Group’s Annual Report by the General Assembly. At the time of payment, the Foundation owned 88 per cent of the shares in Grundfos Holding A/S. Therefore, the Foundation received 88 per cent of the dividends (equal to 44 per cent of the profits). Buy-back obligation The Foundation is obliged to buy back shares from other shareholders if they wish to sell them or if they pass away. The funds required for these obligations are estimated to be DKK 7.6 billion in total. Most of these funds are kept available at short notice through the Foundation’s asset management portfolio (see pages 70-71). At the end of 2025, there were 10,631 Grundfos shareholders in total, an increase of 6 per cent on the year before. The Foundation would like to see Grundfos employees own more of the shares in the future, so it is satisfying to see that employee share programmes continue to be well received by employees. Buy-back obligation 2021-2025 All figures are in DKK million 6,322 7,584 6,416 7,926 7,609 2021 2022 2023 2024 2025 The Foundation's obligation to other Grundfos shareholders. Most of the obligation is long-term Annual report 2025 The annual report is published on the Foundation’s website. pdjf.dk/en/accounts/ 69
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