EQS-Adhoc: Deutsche Beteiligungs AG: Adjusted forecast for the financial year 2025

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Deutsche Beteiligungs AG (ISIN: DE000A1TNUT7 / WKN: A1TNUT): Adjusted forecast for the financial year 2025

Deutsche Beteiligungs AG (“DBAG”) has today adjusted its forecast for the financial year 2025 and now expects a net asset value (“NAV”) at the end of the financial year 2025 in the range of 625 to 665 million euros (previously: 665 to 780 million euros). NAV per DBAG share outstanding at the end of the financial year 2025 is expected to be in the range of 35 to 38 euros (previously: 36 to 43 euros). DBAG now expects an EBITA Fund Investment Services in the financial year 2025 of between 10 and 15 million euros (previously: 8 and 13 million euros).

Our NAV is mainly determined by the valuation of our portfolio. The gross gains and losses on measurement and disposal from DBAG’s portfolio are expected to be around 20 million euros for the first half of the year (1 January to 30 June 2025). For the full 2025 financial year, DBAG anticipates positive gross gains and losses on measurement and disposal in the range of 45 to 65 million euros.

The adjustment in NAV expectation is attributable to the persistently challenging macroeconomic environment and overall economic conditions, which are delaying the implementation of value creation plans within the portfolio as well as planned divestments.

DBAG is currently preparing its interim financial statements as of 30 June 2025. The half-yearly financial report will be published on 7 August 2025.

The Board of Management

Frankfurt am Main, 17 July 2025