DFDS

Earnings Release • Jun 12, 2025

MAY VOLUMES: FREIGHT GROWTH IN MOST NETWORK REGIONS

Ferry – freight: Total volumes in May 2025 of 3.7m lane metres were 4.5% above 2024 and up 2.5% adjusted for route changes. YTD growth rates were 0.6% and -0.3%, respectively.

North Sea volumes were above 2024 despite a negative impact towards the end of the month from a national strike in Sweden impacting our port operations in Gothenburg. Mediterranean volumes were above 2024 driven by a capacity increase between Tunisia and France as well as the opening of a new route between Egypt and Italy. Mediterranean volumes were below 2024 adjusted for route changes due to new ferry competition between Türkiye and Italy.

Channel volumes were above 2024 adjusted for the new Jersey routes. Baltic Sea volumes were below 2024 due to mostly lower capacity on one route following tonnage changes. Strait of Gibraltar volumes were above 2024.

For the last twelve months 2025-24, the total transported freight lane metres increased 4.5% to 41.6m from 39.8m in 2024-23. The increase was 0.6% adjusted for route changes.

Ferry – passenger: The number of passengers in May 2025 was adjusted for route changes* down 4.7% to 411k vs 2024 and the adjusted YTD growth rate was -3.6%. The monthly decrease was driven by lower Channel volumes. The number of cars in May was 6.3% below 2024 adjusted for route changes.

For the last twelve months 2025-24, the total number of passengers increased 17.4 % to 6.2m compared to 5.3m for 2024-23. The increase was 1.4% adjusted for route changes.

*Adjusted for sale of Oslo-Frederikshavn-Copenhagen end October 2025, Tarifa-Tanger Ville due to considerable capacity changes ahead of exit from route early May 2025, and addition of Jersey routes from end March 2025.

DFDS ferry volumes

	May				Last-12-months
Freight	2023	2024	2025	Change	2023	2024	2025	Change
Lane metres, '000	3,282	3,510	3,668	4.5%	39,274	39,839	41,613	4.5%
Passenger	2023	2024	2025	Change	2023	2024	2025	Change
Passengers, '000	385	574	452	-21.2%	4,275	5,288	6,210	17.4%

DFDS reports monthly ferry volumes for freight and passengers to provide insight into the development of volume trends in our European route network enabling trade and travel in and around Europe. The June 2025 volume report is expected to be published on 11 July 2025 at around 10.00am CET.

DFDS A/S Marmorvej 18 DK-2100 Copenhagen Ø CVR 14 19 47 11

www.dfds.com

Announcement no. 21/2025

12 June 2025

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Contact Torben Carlsen, CEO +45 33 42 32 01

Karen Boesen, CFO +45 20 58 58 40

Søren Brøndholt Nielsen, IR +45 33 42 33 59

Dennis Kjærsgaard Sørensen, Media +45 42 30 38 47

About DFDS

We operate a transport network in and around Europe with an annual revenue of DKK 30bn and 16,500 full-time employees.

We move goods in trailers by ferry, road & rail and we offer complementary and related transport and logistics solutions.

We also move car and foot passengers on short sea and overnight ferry routes.

DFDS was founded in 1866 and is headquartered and listed in Copenhagen.

Disclaimer

The statements about the future in this announcement contain an element of risk and uncertainty which means that actual developments may diverge significantly.