AB Volvo held its Annual General Meeting today in Göteborg, Sweden. The Board adopted the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet. In accordance with the Board’s proposal, the Meeting resolved that an ordinary dividend of SEK 8.50 per share and an extraordinary dividend of SEK 4.50 per share should be paid to the shareholders – 10 April 2026 is the record date for the right to receive dividends.*

The Annual General Meeting resolved to not approve shareholder Kapitalforeningen MP Invest’s proposal that AB Volvo report on the alignment of their lobbying efforts with the 1.5°C Paris Agreement goal.[Whether this is insular and arrogant or appropriate is a matter of debate – AutoCrat.]**

The Board members, the deputy Board members and the President and CEO were discharged from liability for their administration during the 2025 fiscal year. Bo Annvik, Pär Boman, Jan Carlson, Eric Elzvik, Martha Finn Brooks, Kurt Jofs, Martin Lundstedt, Kathryn V. Marinello, Martina Merz and Helena Stjernholm were re-elected as members of the Board. Pär Boman was re-elected as Chairman of the Board.

Individual fees payable to the Board and Committee members, with the exception of the President and CEO as well as possible employee representatives, were adopted as follows. The Chairman of the Board was awarded SEK 4,430,000 and each of the other members SEK 1,330,000. Further, the Chairman of the Audit Committee was awarded SEK 700,000, the other members of the Audit Committee SEK 370,000 each and the Chairman of the Remuneration Committee was awarded SEK 190,000 and the other members of the Remuneration Committee SEK 140,000 each. In addition, the Chairman of the Transformation Committee was awarded SEK 360,000 and the other members of the Transformation Committee SEK 230,000 each.