Vend Marketplaces (VEND) AGM 2026 summary

Opening remarks and agenda

• Meeting opened by the Chairman, held digitally, with voting instructions and agenda provided online.

• Attendance included CEO, CFO, auditor, and Nomination Committee Chair; share representation recorded at 75.66% of voting capital.

• Voting on agenda items conducted digitally, with results to be published in the minutes.

Financial performance review

• 2025 marked a transformation, focusing on Nordic marketplaces, exiting non-core assets, and removing dual class shares.

• Returned NOK 7.9 billion to shareholders via buybacks and dividends.

• Full year EBITDA reached NOK 2.1 billion, up 30% from 2024; Q1 2026 showed 9% revenue growth in verticals and 36% group EBITDA margin.

• Mobility segment not expected to meet 12%-17% revenue growth target for 2026; cost base to decline by NOK 100 million.

• New NOK 4 billion buyback program announced.

Board and executive committee updates

• Board restructured with new members Kim Wahl (Vice Chair) and Melina Cruickshank; two members not standing for re-election.

• Board composition now includes diverse international experience.

• All board members elected for one year; Karl-Christian Agerup re-elected as Chair.