DFDS

Regulatory Filings • Dec 12, 2025

NOVEMBER: SOFT FREIGHT AND PASSENGER VOLUMES

NOVEMBER: SOFT FREIGHT AND PASSENGER VOLUMES

INVESTOR NEWS no. 39 - 12 December 2025

Ferry - freight: Total volumes in November 2025 of 3.6m lane metres were 1.8%

below 2024 and 3.8% lower adjusted for route changes. YTD growth rates were

-0.4% and

-1.8%, respectively.

North Sea volumes were below 2024 following soft volumes on most routes.

Mediter-ranean volumes were as expected below 2024 due to capacity reductions.

Channel volumes were on level with 2024 as the new Jersey volumes offset a

slowdown in the total Dover Strait volumes. Baltic Sea and Strait of Gibraltar

volumes were both above 2024.

For the last twelve months 2025-24, the total transported freight lane metres

increased 0.1% to 41.5m from 41.4m in 2024-23 and decreased 2.1% adjusted for

route changes.

Ferry - passenger: The number of passengers in November 2025 was adjusted for

route changes* down 10.5% to 195k vs 2024 and the adjusted YTD growth rate was

-4.5%. Higher passenger volumes in Strait of Gibraltar were offset by mainly

lower Channel volumes. The number of cars in November was 6.8% below 2024

adjusted for route changes.

For the last twelve months 2025-24, the total number of passengers

decreased 19.7% to 5.3m compared to 6.6m for 2024-23. The decrease was 5.5%

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

DFDS ferry volumes

November   Last-12-months

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Freight 2023 2024 2025 Change   2023 2024 2025 Change

Lane metres, '000 3,350 3,695 3,627 -1.8%   38,403 41,432 41,458 0.1%

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Passenger 2023 2024 2025 Change   2023 2024 2025 Change

Passengers, '000 188 259 203 -21.5%   4,480 6,594 5,294 -19.7%

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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 December 2025 volume report is

expected to be published on 13 January 2026 at around 10.00am CET.

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, 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 headquartered and listed in Copenhagen.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act