Please note that this website shows an excerpt from the grenke AG Annual Report 2025. The annual report, which is also available in the “Reports & Key Figures” section of the grenke AG website, prevails.

In 2025, grenke AG’s share price remained volatile amid an overall challenging capital market environment. After opening at EUR 15.66 on January 2, 2025, the share price initially rose, reaching EUR 17.12 on March 12, 2025. Following the release of the annual financial statements and 2025 guidance on March 13, 2025, the shares dropped to EUR 13.90 and subsequently trended sideways. On April 10, 2025, the shares recorded their lowest level for the year at EUR 12.86. At the end of June 2025, the shares began to recover – similar to the SDAX – supported by the publication of the second quarter new business figures on July 3, 2025. This was followed by the shares’ year high of EUR 18.84 on July 28, 2025.
The shares subsequently trended lower, falling to EUR 13.04 by November 19, 2025. This period also included the publication of third-quarter figures and an interpretation of the guidance on November 13, 2025. On November 20, 2025, the share price reversed course, posting gains through to the end of the financial year. On December 30, 2025, grenke shares closed at EUR 15.64, close to the year’s opening price on January 2, 2025. The actual share price change for the full year 2025 was – 0.13 percent.
With a total of 46,495,573 registered shares, the market capitalisation of grenke AG equalled EUR 727 million as of December 31, 2025. As of December 31, 2025, the embedded value (net asset value) amounted to EUR 1,608 million. The embedded value serves as an economic benchmark for valuation  as it encompasses the  equity, as well as the present value of expected future cash flows from the existing business, after costs and risk provisioning. The net asset value per share equals EUR 36.40.

1) According to Press Release on October 1, 2024
2) Changes resulting from the Voting Rights Announcement on February 10, 2026 are not taken into account here
3) According to Voting Rights Announcement on December 27, 2024

We are a medium-sized company, with Grenke Beteiligung GmbH & Co. KG. as our major shareholder. Following the reorganisation of Grenke Beteiligung GmbH & Co. KG into a single-member limited partnership structure, under which the KG holds all shares in the general partner GmbH, Grenke Vermögensverwaltung GmbH no longer acts as the parent company of Grenke Beteiligung GmbH & Co. KG. Accordingly, and in line with our notification pursuant to the German Securities Trading Act (WpHG) dated November 7, 2025, the voting rights attached to the shares held by Grenke Beteiligung GmbH & Co. KG are no longer attributed to Grenke Vermögensverwaltung GmbH. The limited partners of Grenke Beteiligung GmbH & Co. KG continue to consist of Anneliese Grenke, company founder Wolfgang Grenke, and their three adult sons, Moritz, Roland, and Oliver Grenke. As of the December 31, 2025 reporting date, Grenke Beteiligung GmbH & Co. KG continued to hold 40.84 percent of the Company’s shares. As a result of the share buyback programme completed in 2024, grenke AG continued to hold 2,317,695 treasury shares in the past financial year, corresponding to a 4.98 percent stake. According to the publication date of the respective voting rights notifications, entities holding more than 3 percent of the Company also included Universal Investment Gesellschaft mbH, with a 5.36 percent share, and GRENKE-Stiftung, with 3.03 percent. The free float, as defined by Section 5.7.2 of the current DAX Equity Index Methodology Guide, amounted to 59.16 percent. The shareholding of the Board of Directors and Supervisory Board as of the reporting date was approximately 0.2 percent. The individual shareholdings of the members of the Board of Directors and Supervisory Board can be found in the table in Chapter 8.6 Shareholdings of the Board of Directors and Supervisory Board, contained in the Corporate Governance Statement.

*Dividend proposal to the Annual General Meeting (April 24, 2026)

On May 7, 2025, grenke AG held its ordinary Annual General Meeting as an in-person event, as in the previous year. A total of 28,369,903 votes, including absentee votes, were represented, accounting for 61.02 percent of the Company’s share capital. Shareholders approved the proposal by the Supervisory Board and Board of Directors to distribute a dividend of EUR 0.40, amounting to a total payout of EUR 17.7 million and a payout ratio of 25 percent of Group earnings.

For years, grenke AG has maintained a stable dividend policy,  aiming to distribute approximately one-quarter of Group earnings. For the 2026 financial year, the Supervisory Board and Board of Directors are proposing a dividend of EUR 0.42 per share,  representing a payout ratio of around 25 percent.
 

More details on the composition of the Supervisory Board can be found in Chapter 8.2.2 Supervisory Board, in the Corporate Governance Statement.