DFDS

Earnings Release • Sep 12, 2025

AUGUST VOLUMES IMPACTED BY SLOWDOWN IN SOME MARKETS

Ferry – freight: Total volumes in August 2025 of 3.1m lane metres were 1.9% below 2024 and 3.9% lower adjusted for route changes. YTD growth rates were 0.1% and -1.2%, respectively.

North Sea volumes were below 2024 driven by mainly lower activity on routes calling the UK. Mediterranean volumes were below 2024 following a slowdown in Turkish automotive manufacturing and domestic demand as well as reduced capacity on one route.

Channel volumes were above 2024 driven by the new Jersey routes. Baltic Sea volumes were above 2024 while Strait of Gibraltar volumes were on level with 2024.

For the last twelve months 2025-24, the total transported freight lane metres increased 2.5% to 41.6m from 40.6m in 2024-23. The increase was 1.9% adjusted for route changes.

Ferry – passenger: The number of passengers in August 2025 was adjusted for route changes* down 3.3% to 911k vs 2024 and the adjusted YTD growth rate was -3.8%. Higher passenger volumes in Baltic Sea were offset by mainly lower Channel volumes. The number of cars in August was 3.2% below 2024 adjusted for route changes.

For the last twelve months 2025-24, the total number of passengers decreased 10.1% to 5.6m compared to 6.2m for 2024-23. The growth rate was -3.0% adjusted for route changes.

*Adjusted for sale of Oslo-Frederikshavn-Copenhagen end October 2025, exit from Tarifa-Tanger Ville early May 2025, and addition of Jersey routes from end March 2025.

DFDS ferry volumes

	August				Last-12-months
Freight	2023	2024	2025	Change	2023	2024	2025	Change
Lane metres, '000	2,967	3,193	3,134	-1.9%	38,585	40,600	41,622	2.5%
Passenger	2023	2024	2025	Change	2023	2024	2025	Change
Passengers, '000	715	1,207	980	-18.8%	4,422	6,249	5,619	-10.1%

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

www.dfds.com

Announcement no. 29/2025

12 September 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.

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 September 2025 volume report is expected to be published on 10 October 2025 at around 10.00am CET.