Report of: ODS Group Board

Purpose of report: To recommend a dividend for the trading period 2024/25; to give an update as to 2025/26 service provision and trading; to summarise ODSL productivity and efficiency measures; to review the direction of a revised ODSTL Business Plan for the period 2026/27 to 2029/30 (for approval in April 2026).

Recommendation(s): That the Shareholder and Joint Venture Group resolves:

1. To note confirmation of 24/25 close of accounts

2. To approve a dividend for the financial year 2024/25 from ODSL.

3. To note the Board have determined that the ODSTL earnings will be retained in the balance sheet (and therefore no dividend is proposed from ODSTL) to continue building the business in support of the refreshed ODSTL business plan

4. To note the period 6 trading position and service updates for both businesses

5. To note the productivity and efficiency measures ODS have introduced and their impact, and the future plans (summarised and attached at appendix 1)

6. To note and provide comments on the detailed summary and themes of the ODSTL Business Plan for the period 2026 to 2030, which will be brought for approval in April 2026 (Business Plan Workshop slides at appendix 2)

7. To note further progress on potential acquisitions

8. To note the recent ODS Governance & Audit Committee activities and risk management update and that the Articles and Shareholder Agreements for the companies have been finalised and filed with Companies House