SAP SE announced its 2026 Annual General Meeting on May 5 with a proposed €2.50 per share dividend for FY2025 retained earnings, auditor appointment, authorization for €10B bonds, and Supervisory Board elections.
Key takeaways
Proposed FY2025 dividend of €2.50 per no-par value share, totaling €2,918,897,620 based on 1,167,559,048 shares as of Dec 31, 2025.
Retained earnings of €12,727,332,174.77 to be allocated: €2.92B dividend, €3.95B to reserves, €5.86B carried forward.
Appointment of BDO AG as auditors for FY2026 financial statements and sustainability reporting.
New Executive Board authorization to issue up to €10B convertible/warrant bonds until May 4, 2031, with 10% share capital exclusion for subscription rights.
Elections proposed for Supervisory Board members: Pekka Ala-Pietilä (1 year), Rouven Westphal, René Obermann, Michael Gregoire (4 years each).
Virtual AGM on May 5, 2026; dividend payable May 8, 2026 if approved.