EQS-Adhoc: BayWa AG: Amended US regulation may lead to reduced earnings expectations in the US business of BayWa r.e. AG and may necessitate adjustments to the restructuring plan of BayWa AG

Amended US regulation may lead to reduced earnings expectations in the US business of BayWa r.e. AG and may necessitate adjustments to the restructuring plan of BayWa AG

Munich, 23 September 2025: BayWa AG has been informed by BayWa r.e. AG that, due to the further tightening of regulatory conditions as a result of the so-called “One Big Beautiful Bill Act”, which significantly curtails the subsidies for renewable energies, BayWa r.e. AG is reviewing its long-term business planning and earnings expectations and may potentially revise them downwards. The review of the exact extent of possible impacts, as well as the possibility of limiting them through countermeasures, is expected to take several weeks.

Should the review conclude that the expected earnings of BayWa r.e. AG will be significantly lower than previously planned, BayWa AG would also need to take its own countermeasures in order to safeguard the restructuring concept. From today’s perspective, the Management Board of BayWa AG remains confident that the restructuring can be successfully completed by the end of 2028 with the aid of appropriate countermeasures.