SP Group A/S

Announcement No. 37 /2025

19 August 2025

CVR No. 15701315

Policy on capital allocation and dividend for SP Group A/S

Today, the Board of Directors has considered and approved SP Group’s Policy on capital allocation and dividend.

The purpose of this policy is to establish guidelines for capital allocation and dividend distribution to the shareholders of SP Group A/S. The policy aims to ensure a balanced approach that safeguards the interests of the shareholders as well as the Company’s long-term growth and financial stability.

SP Group’s policy is to secure and maintain a robust capital base with a solvency ratio of not less than 40% and financial gearing (EBITDA/NIBD) of 1-3.5 and up to 4.0 in the first two quarters following an acquisition.

In addition to our capital resources policy, SP Group allocates capital in the following order of priority:

• Reduction of interest-bearing debt: if the financial gearing exceeds the target.
• Investment in profitable growth: including investment in the existing business to achieve organic growth, replace end-of-life equipment and make acquisitions.
• Annual dividend distribution: SP Group aims to distribute dividends annually. The amount of dividend is determined on the basis of the Company’s financial performance, future investment needs and market conditions. The annual dividend will generally be 15-25% of the profit for the year after tax, taking into consideration, however, the Company’s capital structure and cash needs.
• Share buy-backs: SP Group may carry out share buy-backs as a supplement to dividend distribution. Share buy-backs will be considered when this is assessed to be the most appropriate way of returning capital to shareholders while at the same time supporting the Company’s long-term value creation. Share buy-backs may be carried out for purposes of covering share-based incentive programmes and reducing the Company’s share capital.
• Extraordinary dividend: In the event of an exceptionally high profit or capital release, the Board of Directors may resolve to distribute extraordinary dividends to the shareholders.

The Policy on capital allocation and dividend is available on www.sp-group.dk

For further information:

CEO Lars Bering

Phone: +45 70 23 23 79

www.sp-group.dk

In case of any discrepancies, the Danish version shall prevail.