DCC (DCC) Trading Update summary

Trading performance and outlook

• Group operating profit for Q1 modestly ahead of prior year, with strong growth in DCC Energy and stable performance in Healthcare.

• DCC Technology saw a modest decline in operating profit compared to the prior year.

• Full-year outlook remains positive, with expectations for strong operating profit growth and continued development activity for the year ending 31 March 2025.

Acquisitions and divestments

• Committed approximately £65 million to new acquisitions since May 2024, including WIRSOL Roof Solutions in Germany and Cubo in the UK & Ireland.

• Completed several bolt-on acquisitions in the energy sector, expanding presence in solar PV, battery storage, and telematics.

• Sold a majority stake in the Hong Kong & Macau liquid gas business for an initial enterprise value of about US$150 million, retaining a minority stake.

Capital markets and financial position

• Established a Euro Medium Term Note (EMTN) programme in June 2024.

• Issued inaugural €500 million seven-year senior unsecured bond, refinancing short-term private placement debt.