24 Total Equity
Development of the Subscribed Capital
Development of the Subscribed Capital | |||
in € | |||
As of Dec. 31, 2024 | 822,852,925.00 | ||
Capital increase against non-cash contributions on Jun. 24, 2025 (scrip dividend) | 12,768,562.00 | ||
As of Jun. 30, 2025 | 835,621,487.00 | ||
Development of the Capital Reserves
Development of the Capital Reserves | |||
in € | |||
As of Dec. 31, 2024 | 2,451,083,465.14 | ||
Premium from capital increase for scrip dividend on Jun. 24, 2025 | 343,959,523.14 | ||
Other changes not affecting net income | -2,406,545.82 | ||
As of Jun. 30, 2025 | 2,792,636,442.46 | ||
Dividend
The Annual General Meeting held on May 28, 2025, resolved to pay a dividend for the 2024 fiscal year of € 1.22 per share, amounting to € 1,003,880,568.50 in total.
As in previous years, shareholders were offered the option of choosing between being paid the dividend in cash or being granted new shares. During the subscription period, shareholders holding a total of 35.53% of the shares carrying dividend rights opted for the scrip dividend instead of the cash dividend. As a result, 12,768,562 new shares were issued using the company’s authorized capital pursuant to Section 5b of the Articles of Association (“2022 authorized capital”) at a subscription price of € 27.938, i.e., a total amount of € 356,728,085.14. The total amount of the dividend distributed in cash therefore came to € 647,152,483.36.
Authorized Capital
After being used in connection with the capital increase in the amount of € 12,768,562.00, the 2022 authorized capital fell from € 205,997,072.00 to € 193,228,510.00 as of June 30, 2025. Shareholder subscription rights for the 2022 authorized capital can be excluded.
Retained Earnings and Non-controlling Interests
The neutral effects in retained earnings and non-controlling interests are due largely to transactions with the co-investor Apollo Capital Management L.P. An amount of € 165.2 million was distributed to the non-controlling interests in the first six months of the year. As a result, the ratio of equity to retained earnings and non-controlling interests was adjusted by € 98.7 million.