Public Country-by-Country Report on Income Tax Information

Reporting entity: Lely Holding B.V.

Financial year: 1 January 2025 to 31 December 2025

Reporting currency: EUR

Introduction

This report presents information concerning the activities, revenues, profits or losses, income tax and employees of the Lely Group on a country-by-country basis.

The report has been prepared in accordance with the applicable requirements for the disclosure of income tax information under Directive 2013/34/EU, as amended by Directive (EU) 2021/2101, and the applicable national legislation.

The information covers the undertakings included in the consolidated financial statements of Lely Holding B.V. for the financial year ending on 31 December 2025.

Amounts are presented in euros unless otherwise stated. Financial information that has not yet been verified is marked as “To be completed”.

1. General information

General information

Reporting item	Information
Name of the ultimate parent undertaking	Lely Holding B.V.
Country of registered office of the ultimate parent undertaking	The Netherlands
Country code	NL
Start date of the financial year	1 January 2025
End date of the financial year	31 December 2025
Reporting currency	EUR
Language of the report	English
Basis used to prepare the report	To be confirmed by the Lely Tax Department
Application of the option to report in accordance with taxation reporting instructions	To be confirmed

2. Overview of information on a country-by-country basis

This section presents the required income tax information for each relevant tax jurisdiction. Jurisdictions that may legally be presented on an aggregated basis are included under “All other tax jurisdictions”.

Income tax information by tax jurisdiction

Tax jurisdiction	Country code	Revenues in EUR	Profit or loss before income tax in EUR	Income tax paid on a cash basis in EUR	Income tax accrued for the current year in EUR	Accumulated earnings in EUR	Number of employees
Austria	AT	To be completed	To be completed	To be completed	To be completed	To be completed	To be completed
Belgium	BE	To be completed	To be completed	To be completed	To be completed	To be completed	To be completed
Czechia	CZ	To be completed	To be completed	To be completed	To be completed	To be completed	To be completed
Denmark	DK	To be completed	To be completed	To be completed	To be completed	To be completed	To be completed
Finland	FI	To be completed	To be completed	To be completed	To be completed	To be completed	To be completed
France	FR	To be completed	To be completed	To be completed	To be completed	To be completed	To be completed
Germany	DE	To be completed	To be completed	To be completed	To be completed	To be completed	To be completed
Ireland	IE	To be completed	To be completed	To be completed	To be completed	To be completed	To be completed
Italy	IT	To be completed	To be completed	To be completed	To be completed	To be completed	To be completed
Luxembourg	LU	To be completed	To be completed	To be completed	To be completed	To be completed	To be completed
The Netherlands	NL	To be completed	To be completed	To be completed	To be completed	To be completed	To be completed
Poland	PL	To be completed	To be completed	To be completed	To be completed	To be completed	To be completed
Portugal	PT	To be completed	To be completed	To be completed	To be completed	To be completed	To be completed
Romania	RO	To be completed	To be completed	To be completed	To be completed	To be completed	To be completed
Spain	ES	To be completed	To be completed	To be completed	To be completed	To be completed	To be completed
Sweden	SE	To be completed	To be completed	To be completed	To be completed	To be completed	To be completed
All other tax jurisdictions	Not applicable	To be completed	To be completed	To be completed	To be completed	To be completed	To be completed

3. List of subsidiary undertakings and activities

This section lists the subsidiary undertakings included in the consolidated financial statements and provides a brief description of the main activities performed in each relevant tax jurisdiction.

Subsidiary undertakings and activities

Tax jurisdiction	Country code	Name of subsidiary undertaking	Nature of activities
The Netherlands	NL	Lely Holding B.V.	Holding shares or other equity instruments; administrative, management or support services
The Netherlands	NL	To be completed	Research and development; manufacturing or production; sales, marketing or distribution; administrative, management or support services
Other EU Member States	To be completed	To be completed	Sales, marketing or distribution; service and support activities
Other tax jurisdictions	To be completed	To be completed	Sales, marketing or distribution; service and support activities

4. Description of activities

Categories of activities

Activity category	Applicable to the Lely Group	Explanation
Research and development	Yes	Development of automated systems, robotics, software and data management solutions for dairy farming.
Holding or managing intellectual property	To be confirmed	Activities concerning patents, trademarks, software and other intellectual property rights.
Purchasing or procurement	Yes	Purchasing of components, materials, equipment and services used in business operations.
Manufacturing or production	Yes	Manufacturing and assembly of automated systems and related agricultural equipment.
Sales, marketing or distribution	Yes	Marketing, sale and distribution of Lely products and related solutions.
Administrative, management or support services	Yes	Finance, tax, legal, information technology, human resources, management and other support services.
Provision of services to unrelated parties	Yes	Provision of services related to Lely products, software, data and customer support.
Internal group finance	To be confirmed	Financing arrangements between undertakings within the Lely Group.
Regulated financial services	To be confirmed	Any applicable regulated financial activities must be verified before publication.
Insurance	To be confirmed	Any insurance-related activities must be verified before publication.
Holding shares or other equity instruments	Yes	Holding and management of participating interests in subsidiary undertakings.
Dormant activities	To be confirmed	Any dormant undertakings must be identified before publication.
Other activities	To be completed	Any material activities not covered by the categories above must be described here.

5. Information omitted from the report

Omitted information

Reporting item	Statement
Information omitted for this financial year	No information has been omitted, subject to final confirmation by the Lely Tax Department.
Reason for omission	Not applicable, subject to final confirmation.
Information omitted in previous financial years and disclosed in this report	Not applicable, subject to final confirmation.

6. Explanation of material differences

Differences may arise between income tax accrued for the current financial year and income tax paid on a cash basis. Such differences may result from the timing of tax payments, instalment payments, repayments, tax assessments relating to earlier years, changes in estimates, tax credits, withholding taxes and other temporary differences.

Any material differences identified for the reporting period must be explained and approved by the Lely Tax Department before publication.

Explanation of differences between income tax paid and accrued

Tax jurisdiction	Explanation
To be completed	To be completed if a material difference is identified.

7. Basis of preparation

The report has been prepared using information from the accounting, tax and human resources records of the undertakings included in its scope.

Revenues, profit or loss before income tax, income tax paid, income tax accrued and accumulated earnings are assigned to tax jurisdictions in accordance with the reporting methodology selected by the Lely Group.

The number of employees is reported on a full-time equivalent basis unless another permitted and consistently applied basis has been selected.

Permanent establishments are allocated to the tax jurisdiction in which they are situated. Information relating to a permanent establishment is not also attributed to the tax jurisdiction of the undertaking to which it belongs.

The basis of preparation, reporting methodology and treatment of intra-group transactions must be confirmed before the report is finalised.

8. Responsibility statement

The management of Lely Holding B.V. is responsible for the preparation of this report in accordance with the applicable legal requirements.

To the best of management’s knowledge, the information presented in this report is complete and consistent with the reporting methodology used for the financial year.

9. Publication information

Publication information

Publication item	Information
Reporting entity	Lely Holding B.V.
Financial year	1 January 2025 to 31 December 2025
Date of approval	To be completed
Date of publication	To be completed
Place of publication	Maassluis, the Netherlands