Share Ownership^ Total: 893.4 million shares 49.5% 59.4% 20.8% 8.9% 3.6% 23.5% 27.0% Investor Type Geographic Distribution Hong Leong Investment Holdings Pte. Ltd. & subsidiaries Institutions Retail & Others* Singapore Rest of the world/ Unidentified holdings US Asia (ex Singapore) UK Europe (ex UK) Notes: Excludes treasury shares * Including shares held by brokers and undisclosed holdings ^ As of 31 December 2025 4.7% 2.6% In 2025, CDL’s share price rose 56.6% from $5.11 at the start of the year to close at $8.00 on 31 December 2025, outperforming both the Straits Times Index and FTSE ST All-Share Index. Together with the total ordinary dividend of 28.0 cents per share declared for FY 2025, the Group’s Total Shareholder Return (TSR) for the year was 62%. This reflects growing market recognition of CDL's strategic progress and capital discipline as the Group continues to focus on delivering sustainable long-term value for shareholders. 2025 Share Price Performance ENHANCING SHAREHOLDER VALUE To better align with shareholders’ interests and enhance transparency and clarity of shareholder returns, the CDL Board enhanced its dividend policy in February 2026. Under this enhanced policy, CDL intends to declare ordinary cash dividends at least once annually, with a payout ratio of minimally 35% based on reported PATMI. In determining the dividend payout, the Board will take into account the Group’s financial performance, projected cash flows, capital requirements for business growth and external factors. For FY 2025, in light of the strong financial results, CDL declared a total ordinary dividend of 28.0 cents per share1 (FY 2024: 10.0 cents per share), representing a dividend payout ratio of 40%. Demonstrating its commitment to shareholder value, the Group also completed an off‑market equal access scheme offer in June 2025 to buy back the maximum allowable amount of Preference Shares at the offer price of $0.78 per share. The offer received strong support, with acceptances exceeding 3.3 times the maximum allowable buyback of 26,800,814 Preference Shares (representing 10% of the 268,008,149 Preference Shares in issue as of 23 April 2025). A total of $20.9 million was deployed to purchase and subsequently cancel the Preference Shares, reducing the Group’s financing cost related to future coupon payment obligations. The Group remains committed to exploring initiatives that strengthen alignment with shareholders and support sustainable long-term value creation. CDL 56.6% FTSE ST All-Share 21.9% Straits Times Index 22.7% 165% 155% 145% 135% 125% 115% 105% 95% 85% Dec 24 Feb 25 Mar 25 Apr 25 May 25 Jul 25 Aug 25 Sept 25 Oct 25 Nov 25 Dec 25 $8.00 31 Dec 25 $5.11 31 Dec 24 2025 Investor Relations Events • DBS Vickers Pulse of Asia Conference 2025 • CDL 62nd Annual General Meeting • CDL Q1 2025 Operational Update • CDL 1H 2025 Financial Results Briefing • Post CDL 1H 2025 Results Meeting hosted by Citi • CDL Q3 2025 Operational Update • Post CDL Q3 2025 Operational Update Meeting hosted by HSBC 1 Includes special interim ordinary dividend of 3.0 cents per share paid in September 2025. The final ordinary dividend of 25.0 cents is subject to shareholders' approval at the forthcoming AGM. ANNUAL REPORT 2025 | 71
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