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Geography

Asia and emerging markets

No documented connections to other themes yet.

Strongest quotes

Aflac · Input

“Japan is the largest market for the Company's insurance products, and the Company owns substantial holdings in Japan Government Bonds (JGBs).”

Annual report 2025A · The company itself

AKTIESELSKABET SCHOUW & CO. · Driver

“Despite a continued strong competition in the Asian market, total EBITDA for 2025 was DKK 203 million, a year-on-year increase of 9% from DKK 187 million in 2024.”

Annual report 2025A · The company itself

AKTIESELSKABET SCHOUW & CO. · Driver

“The Asian nonwovens market continues to be characterised by a structural imbalance between supply and demand, driven by significant overcapacity and leading to continued pressure on margins. To avoid participating in the ongoing price erosion, Fibertex Personal Care decided to reduce capacity at its Malaysian operations with effect from early 2025.”

Annual report 2025A · The company itself

AKTIESELSKABET SCHOUW & CO. · Driver

“In Asia, the structural imbalance between supply and demand is expected to persist, and increased exports of baby diapers from China continue to challenge local hygiene product manufacturers across the region.”

Annual report 2025A · The company itself

Companies with exposure

AflacSector unknown

Driver · weakens · strength 2/3

“Since the deregulation of the Japan market in 2001, the number of insurance companies offering stand-alone cancer and medical insurance has increased, intensifying competition.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Japan is the largest market for the Company's insurance products, and the Company owns substantial holdings in Japan Government Bonds (JGBs).”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Dai-ichi Life Aflac Japan's alliance with Dai-ichi Life was launched in 2001, and approximately 37,000 Dai-ichi Life representatives offer Aflac Japan's cancer products.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“AFLAC JAPAN Aflac Japan is the principal contributor to the Parent Company's consolidated earnings and the largest insurer in Japan in terms of cancer and medical (third sector insurance products) policies in force.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Aflac Japan was represented by approximately 6,300 sales agencies at the end of 2025, with approximately 112,000 licensed sales associates employed by those agencies, including individual agencies.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“At December 31, 2025, Aflac Japan had agreements with approximately 90% of the total number of banks in Japan to sell its products.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“In Japan, the Company's sales results are dependent upon its relationship with sales associates and other distribution partners, such as Japan Post Group, which in recent periods has accounted for a significant portion of Aflac Japan's total sales.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Business The Company's insurance business consists of two reporting segments: Aflac Japan and Aflac U.S.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The Company's concentration of business in Japan poses risks to its operations and financial condition. Aflac Japan's adjusted revenues accounted for 53% of the Company's total adjusted revenues in 2025, compared with 55% in 2024 and 60% in 2023. The percentage of the Company's total assets attributable to Aflac Japan was 76% at December 31, 2025, compared with 77% at December 31, 2024.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Some of HydraSpecma’s customers are experiencing increasing price pressure from Asian manufacturers, especially customers in the Renewables Division.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“Despite a continued strong competition in the Asian market, total EBITDA for 2025 was DKK 203 million, a year-on-year increase of 9% from DKK 187 million in 2024.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“The Asian nonwovens market continues to be characterised by a structural imbalance between supply and demand, driven by significant overcapacity and leading to continued pressure on margins. To avoid participating in the ongoing price erosion, Fibertex Personal Care decided to reduce capacity at its Malaysian operations with effect from early 2025.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“In Asia, the structural imbalance between supply and demand is expected to persist, and increased exports of baby diapers from China continue to challenge local hygiene product manufacturers across the region.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“In the future, BioMar will maintain its focus on commercial and operational excellence, expansion in feed for shrimp and other species in Asia and Latin America and further acceleration of the journey within advanced feed technology.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Segment volumes increased by 8%, primarily driven by growth in Chile but also in Norway, supported by new customer contracts and improved biological conditions early in the year.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Revenue and EBITDA increased significantly year on year, supported by growing adoption of the technology, particularly in Latin America but also in Asia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Fibertex Personal Care is headquartered in Aalborg, Denmark and operates large nonwovens manufacturing facilities in Denmark and Malaysia and printing facilities in Germany, and the USA.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Fibertex Nonwovens is headquartered in Aalborg, Denmark, and operates production facilities in Denmark, France, Czechia, Türkiye, the USA, South Africa, and Brazil.”

Annual report 2025A · The company itself

Driver · strengthens · strength 2/3

“Order volumes for vacuum equipment to the semiconductor and flat panel industry increased, driven by strong development in Asia and a somewhat increased order intake in Europe.”

Annual report 2024A · The company itself

Driver · weakens · strength 3/3

“Order volumes for industrial assembly and vision solutions to the automotive industry decreased, primarily driven by lower investment levels among car manufacturers in Asia and Europe.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“The strong order growth was driven by significantly higher demand for industrial compressors and gas and process compressors.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“The demand for compressors weakened and the order intake for industrial compressors, and gas and process compressors, decreased. Orders for industrial assembly and vision solutions also decreased due to lower investment levels in the automotive and general industry.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“The order intake for vacuum equipment increased, driven by higher demand from the semiconductor and flat panel industry.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Major investments were made in a production and R&D facility in Wuxi, China, a production and R&D facility in Talegaon, India, a compressor production facility in Istanbul, Türkiye, and in a service center for gas and process compressors in Houston, USA.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“As a result, our production facilities are located in Europe, Asia, and the Americas.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“The order intake for equipment remained largely unchanged, with increased demand in Africa/Middle East and South America, while the demand in Asia, Europe, and North America weakened. Orders for industrial compressors remained essentially unchanged, with a slightly better development for small and medium-sized compressors than larger industrial compressors.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“The overall demand for the business area’s equipment and services weakened, especially in the second half of the year, driven by weaker equipment demand from the automotive industry.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“In May, Tecturbo, a Brazilian service company and manufacturer of parts for centrifugal compressors, was acquired. Tecturbo has a strong reputation as a quality service provider and this acquisition will allow Atlas Copco to further strengthen its offering and increase Atlas Copco´s presence in South America.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“By acquiring Metalplan, Atlas Copco Group will grow its presence in Brazil and Latin America.”

Annual report 2024A · The company itself

Bactiguard Holding ABSector unknown

Driver · strengthens · strength 3/3

“Bactiguard är väl positionerat för att dra nytta av den växande marknaden för medicintekniska produkter där våra fem strategiska terapiområden – ortopedi, kardiologi, neurologi , urologi och vaskulär åtkomst – förväntas utgöra en potentiell marknad Den globala marknaden för medicintekniska produkter Nordamerika 36% Europa 25% Asien-Stillahavsregionen 29% Övrigt 10% McKinsey, 2022 som överstiger 70 miljarder USD, enligt intern bolagsanalys. Infektionsfrekvenserna inom varje område representerar ett betydande medicinskt behov och en potential att göra sjukvården mer effektiv och säkrare genom förebyggande åtgärder.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Bolagets produkter inom sårvård tillverkas i anläggningar i Malaysia.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Koncernen har tre produktionsanläggningar; en i södra Stockholm, en i Markaryd och en i Malaysia.”

Annual report 2024A · The company itself

Duni ABSector unknown

Driver · strengthens · strength 3/3

“De tre viktigaste idag är: • Den växande globala medelklassen, som förväntas öka med 33 procent mellan 2020 och 2030, särskilt i Asien–Stillahavsområdet, och vars köpkraft och konsumtion förutspås öka. • Förändrade konsumentbeteenden med fokus på hållbarhet, men även design, bekvämlighet och individualisering spelar en viktig roll i kombination med allt hårdare lagstiftning.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Regionalt ska vi stärka vår närvaro i Europa och fortsätta expandera i Asien–Stillahavsområdet – den snabbast växande marknaden för våra produkter.”

Annual report 2024A · The company itself

Fortum OyjSector unknown

Driver · strengthens · strength 3/3

“Olemme varmoja, että sähkön kysyntä Pohjoismaissa kasvaa datakeskusten, teollisuuden dekarbonisaation ja sähköistämisen myötä sekä laajemman energiasiirtymän seurauksena.”

Annual report 2025A · The company itself

Freeport-McMoRanSector unknown

Driver · weakens · strength 3/3

“Our 2025 operations and results were impacted by the September 2025 mud rush incident at the Grasberg minerals district in Central Papua, Indonesia. In late October 2025, PT Freeport Indonesia (PTFI) restarted operations at the unaffected Deep Mill Level Zone (DMLZ) and Big Gossan underground mines.”

Annual report 2025A · The company itself

Driver · strengthens · strength 2/3

“During fourth-quarter 2025, investigations and remedial plans were completed and a phased restart and ramp-up of the Grasberg Block Cave underground mine is anticipated to begin in second-quarter 2026.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Volatility in global economic growth, particularly in developing economies, has the potential to affect adversely future demand and prices for commodities.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Prior to the completion of PTFI’s downstream processing facilities, copper concentrate produced in the Grasberg minerals district was shipped to PT Smelting in Indonesia, third-party smelters and to Atlantic Copper (our wholly owned copper smelting and refining unit in Spain). With the completion of PTFI’s downstream processing facilities during 2025, all of Grasberg’s copper concentrate is processed within Indonesia.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“With the completion of its downstream processing facilities during 2025, PTFI is a fully integrated producer of refined copper and gold, and its copper production is sold in the form of copper cathode under long-term contracts (generally Indonesia contracts are rupiah denominated and export contracts are U.S.-dollar denominated).”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In Indonesia, PTFI operates in the Grasberg minerals district.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Roads, power lines and aqueducts are controlled by easements. Cerro Verde We have a 55.08% ownership interest in Cerro Verde, with the remaining 44.92% ownership interest held by SMM Cerro Verde Netherlands B.V.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The El Abra operation consists of a SX/EW facility with a capacity of 500 million pounds of copper cathode per year from a 115,000-metric-ton-per-day crushed leach circuit and a ROM leaching operation.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“PTFI operates in the remote highlands of the Sudirman Mountain Range in the province of Central Papua, Indonesia, which is on the western half of the island of New Guinea. Since 1967, we and our predecessors have been the only operator of exploration and mining activities in the approximately 24,600-acre operating area.”

Annual report 2025A · The company itself

Harvia OyjSector unknown

Driver · strengthens · strength 2/3

“Read more Sauna culture is gaining significant momentum in the U.S. and Asian markets. Driven by social media and public wellness trends, the total addressable market is continuously expanding.”

Annual report 2025A · The company itself

Driver · strengthens · strength 3/3

“In North America and APAC & MEA, awareness of sauna and its health benefits continued to grow and market demand developed favorably.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“We continued pursuing growth instrategically important markets in North America and the APAC &MEA region and made growth-fueling investments in common IT infrastructure and our facilities, supportingbest-in-class operational eciency.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Harvia pursues growth in strategically important markets outside Europe in North America and the APAC & MEA region. In Europe, the company focuses on further strengthening its position and capturing growth.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“It is notable that our growth is increasingly global, with revenue outside Europe already at 49% in 2025.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“With 25.4% revenue growth year-on-year, APAC & MEA was Harvia’s fastest growing region in 2025 driven by positive development in several key markets, such as Japan and China.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In addition to North America, APAC & MEA (11%) hasbeen one of Harvia’s fastest growing regions in the past few years and is one of its strategically most important growth areas going forward.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Harvia has four geographical sales regions, which are North America, Northern Europe, Continental Europe, and Asia-Pacific-MEA (Middle East & Africa) and Harvia’s products are sold in nearly 100 countries.”

Annual report 2025A · The company itself

Meta PlatformsSector unknown

Input · weakens · strength 3/3

“For example, like others in our industry, we rely on certain third-party equipment and components for our technical infrastructure that are manufactured by a small number of third parties, often with significant operations in a single region such as Asia. Any of the foregoing delays or disruptions, including actions by governments or geopolitical events such as international conflicts, tariffs, sanctions, export or import controls, and other measures that restrict international trade, could reduce or eliminate the ability of our suppliers, manufacturers, or other third-party providers to continue their operations to manufacture, or limit or eliminate our ability to purchase, key components of our technical infrastructure.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“The manufacturing of our consumer hardware products depends on a small number of third parties, often with significant operations in a single region such as Asia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We have significant international operations. We currently make our Family products available in a total of more than 100 different languages, and we have offices or data centers in approximately 40 different countries.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“As a result, we are subject to significant risks due to this geographic concentration of business and operations. For the year ended December 31, 2025, 92% of our total revenue was from customers in Asia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our revenue from sales to customers in Asia was 92%, 94% and 87% of our total revenue for the years ended December 31, 2025, 2024 and 2023, respectively.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We currently contract with several suppliers to manufacture our wafers in foundries located in China, Taiwan, South Korea and Singapore.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“There are inherent risks associated with the operation of our manufacturing and testing facilities in China, which could increase product costs or cause a delay in product shipments. We have manufacturing and testing facilities in China.”

Annual report 2025A · The company itself

Nanologica AB (publ)Sector unknown

Driver · strengthens · strength 3/3

“Megatrender som påverkar Nanologicas verksamhet positivt En snabbt växande marknad Antalet patienter med diabetes ökar Globalt lever idag mer än 535 miljoner människor med diabetes, varav 4 av 5 lever i låg- eller medelinkomstländer. Antalet patienter med diabetes förväntas öka till 784 miljoner år 2045 där ökningen sker huvudsakligen i Indien, Kina, Pakistan, Bangladesh och Indonesien.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“Det är framför allt länder i Asien, såsom Kina och Indien, som är snabba på att få ut biosimilarer på marknaden och här bedöms en stark tillväxt ske.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Bolaget har även genomfört ett första omfattande applikationsutvecklingsprojekt för en läkemedelstillverkare i Asien.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Under året levererades även bolagets första icke silika-baserade reningsmedia NLAB® Siv till en kund i Indien.”

Annual report 2024A · The company itself

Driver · strengthens · strength 3/3

“Idag används RayStation på 448 kliniker i regionen (december 2024).”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Flest RayStation-kliniker, drygt 285 stycken, finns i USA, följt av Japan med omkring 220 kliniker och Kina som den tredje största marknaden, där drygt 90 kliniker har köpt RayStation.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Japan är fortfarande RaySearchs största marknad med omkring 235 kliniker (december 2024). Samarbetet med Hitachi fungerar mycket bra, dels genom att Hitachi distribuerar RayStation i Japan, dels genom att bolagen har ett nära samarbete inom produktutveckling.”

Annual report 2024A · The company itself

ROTTNEROS ABSector unknown

Driver · strengthens · strength 2/3

“Trender och marknader TRENDER SOM PÅVERKAR MASSAMARKNADEN HÖGRE LEVNADSSTANDARD DIGITALISERING HÅLLBARA FÖRPACKNINGAR ELINFRASTRUKTUR Den globala ekonomiska expansionen med ökande befolkning och högre levnadsstandard är den viktigaste drivkraften för den stadigt växande användningen av massa i världen.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“MILJONER TON Asien motor för den globala tillväxten En stigande levnadsstandard och växande befolkning är de viktigaste faktorerna för den långsiktigt ökande användningen av massa i världen.”

Annual report 2024A · The company itself

Driver · strengthens · strength 3/3

“Den ekonomiska tillväxten 25 av mjukpapper är därför en kvalitetsstämpel. globalt med successivt högre levnadsstandard, inte minst i Asien, driver tillväxten.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Ytterligare en viktig produkt är E-massa som bland annat lämpar sig utmärkt för elektrisk isolering i transformatorer. Här är den fortsatta ekonomiska expansionen i Asien och Latinamerika en tungt vägande faktor för den växande efterfrågan.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Våra kvalitetsmassor levereras till nischmarknader i Europa, Asien och Nordamerika.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Asien står för den största tillväxten och är allt viktigare för avsättningen av Rottneros produkter.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Ungefär hälften av marknadsmassan i världen, omkring 38 miljoner ton, används i Asien, varav 27 miljoner ton i Kina.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Det används till beklädnad av av fibercement sedan några år, i framför allt Sydostasien.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Koncernen är verksam inom segmentet marknadsmassa, där den producerade massan säljs till kunder över hela världen. Tyngdpunkten för Rottneros försäljning ligger i Europa, USA och på vissa asiatiska marknader.”

Annual report 2024A · The company itself

RTX A/STechnology

Input · weakens · strength 3/3

“Risk description The Group’s production is handled by suppliers (contract manufacturers), which are located both in Asia and Europe with the majority of sourced volume from Asia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“RTX use production partners in mainly EU, The Philippines and China.”

Annual report 2025A · The company itself

SinterCast AktiebolagSector unknown

Driver · strengthens · strength 3/3

“Den nyligen påbörjade serieproduktionen hos FAW kan vid full volym bidra med cirka 500 000 motorekvivalenter per år, vilket motsvarar en ökning på 15 % jämfört med nuvarande produktionstakt. Att framgångsrikt stödja den kinesiska marknaden förblir en högsta prioritet för SinterCast, samtidigt som vi utforskar nya möjligheter i andra snabbväxande ekonomier, såsom Indien.”

Annual report 2024A · The company itself

TELENOR ASASector unknown

Driver · strengthens · strength 3/3

“In Asia, Telenor's strategic priority is to leverage the economic growth of the region to further develop our market-leading positions. Cash flow contributions will be driven by profitable growth, as well as the significant synergies that are expected from the mergers in Malaysia and Thailand, that were completed in 2022 and 2023, respectively.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“During 2024, the share of Telenor's mobile subscribers being active data users increased from 58% to 60%, driven by increased number of data users in Bangladesh and Pakistan.”

Annual report 2024A · The company itself

Driver · weakens · strength 3/3

“People safety risks continue to be challenging for Telenor operations in Asia.”

Annual report 2024A · The company itself

Driver · weakens · strength 3/3

“In Bangladesh during July 2024, a sudden unrest which started as a student protest led to significant impact on the macro economic, political and security environment. On 5 August 2024, the prime minister fled the country. Following that, an interim Government led by Professor Muhammad Yunus was formed. The recent events has impacted the near term outlook and the business environment in the country and thereby also Grameenphone.”

Annual report 2024A · The company itself

Driver · weakens · strength 3/3

“There is risk related to the timing of spectrum acquisitions, their price levels, and impact on Telenor’s market positions and value creation in the Asian markets.”

Annual report 2024A · The company itself

Driver · weakens · strength 3/3

“The risk is particularly high in Asian markets with issues related to high spectrum prices, tax regulation and disputes, renewal of licenses and general unpredictability in the business environment. In Bangladesh, Grameenphone has several pending and unresolved regulatory and legal cases. Telenor Pakistan continues to be subject to arbitrary assessments and unpredictable application of tax legislation.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Corruption is a threat to Telenor’s business and the societies where the company operates, particularly in Asia. It can undermine legitimate business activities, distort competition, damage reputations, and expose individuals to risk.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Telenor Group is a leading technology-driven communication services provider with presence in the Nordics and Asia. We put customers at the heart of everything we do, whether we are enabling them to securely connect with family and friends or working to provide secure solutions for businesses in the public and private sector.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“• Part of Telenor since 1996 • Telenor owns 55.8% • Listed on Dhaka and Chittagong Stock Exchanges • Mobile subscribers: 84.3 million • Part of Telenor since 2004 • Mobile subscribers: 43.2 million • In December 2023, Telenor announced the sale of Pakistan. Transaction expected to be completed first half 2025 Telenor has been present in Asia since 1996.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Following the expected completion of the divestment of Telenor Pakistan in first half of 2025, Telenor Asia will consist of ownership positions in three market-leading local champions.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“The opex increase was mainly driven by Asia, whereas opex in the Nordics was stable.”

Annual report 2024A · The company itself

TeradyneSector unknown

Input · weakens · strength 3/3

“In addition, an increasing portion of our products and the products we purchase from our suppliers are sourced or manufactured in foreign locations, including Malaysia and Denmark, and a large portion of the devices our products test are fabricated and tested by foundries and subcontractors in Taiwan, China, Korea and other parts of Asia. As a result, we are subject to a number of economic and other risks, particularly during times of political, health or financial instability in these regions. Disruption of manufacturing or supply sources in these international locations could materially adversely impact our ability to fill customer orders and potentially result in lost business.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“We depend on Flex Ltd. (“Flex”) to manufacture and test our FLEX and J750 family of products from its facility in Malaysia; Plexus Corp. (“Plexus”) to manufacture and test our FLEX and Magnum products from its facilities in Malaysia and Thailand and our ETS family of products from its facility in Malaysia; SAM Meerkat to manufacture and test our storage test family of products from its facilities in Malaysia and Thailand and on other contract manufacturers to manufacture other products.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In 2025, we completed the purchase of an approximately 290,000 square foot building in Cebu, Philippines for Semiconductor Test production and initiated our fit out of our leased 68,000 square foot Robotics U.S manufacturing site in the Metro Detroit area.”

Annual report 2025A · The company itself

TJX CompaniesSector unknown

Input · weakens · strength 3/3

“Many of the products sold in our stores are sourced in locations (particularly in China, India and southeastern Asia) other than the location in which they will be sold.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We acquired Trade Secret in Australia in 2015 and re-branded it under the TK Maxx name during 2017. The merchandise offering at TK Maxx in Australia's 88 stores is comparable to TJ Maxx.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“TJX International Fiscal Year Ended U.S. dollars in millions Segment profit margin 7.0 % 5.9 % Comp sales 4 % 4 % Stores in operation at end of period: TK Maxx (Europe) 673 655 Homesense (Europe) 74 75 TK Maxx (Australia) 88 84 Total 835 814 Selling square footage at end of period (in millions): TK Maxx (Europe) 13 13 Homesense (Europe) 1 1 TK Maxx (Australia) Net sales for TJX International were $8 billion for fiscal 2026, an increase of 11% compared to $7.2 billion for fiscal 2025.”

Annual report 2026A · The company itself

Visa Inc.Sector unknown

Driver · weakens · strength 3/3

“In Asia Pacific, the Reserve Bank of Australia (RBA) which already regulates interchange, recently proposed reducing existing interchange caps on domestic credit and debit transactions and not allowing differential interchange treatment for consumer and commercial transactions. Similarly, in New Zealand, the Commerce Commission recently lowered existing caps on domestic credit transactions.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“UnionPay has grown rapidly in China and is actively pursuing international expansion plans, which could potentially lead to regulatory pressures on our international routing rule (which requires that international transactions on Visa cards be routed over VisaNet). Furthermore, although regulatory barriers shield UnionPay from competition in China, alternative payments providers such as Alipay and WeChat Pay have rapidly expanded into ecommerce, offline and cross-border payments, which could make it difficult for us to compete even if our license is approved in China.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“Ongoing regulatory initiatives in India, including data localization requirements which continue to evolve, have cost implications for us and could affect our ability to effectively compete with domestic payments providers. Furthermore, any inability to meet the requirements of the data localization mandate could impact our ability to do business in India.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“In addition, privacy laws in numerous jurisdictions, including but not limited to the U.S., China, India, Australia, New Zealand, Brazil, Kingdom of Saudi Arabia, Hong Kong and Japan, have established specific legal requirements for cross-border transfers of personal information and substantial compliance and audit obligations.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“More than half of our net revenue is earned outside the U.S.”

Annual report 2025A · The company itself

Williams-Sonoma, Inc.Sector unknown

Input · weakens · strength 3/3

“Approximately 19% of our products were produced in the U.S. in fiscal 2025. The remaining 81% of our merchandise purchases were sourced from foreign suppliers, with approximately 19% from China, 16% from Vietnam, 15% from India, and 31% from the rest of the world.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We also have multi-year franchise agreements with third parties in Mexico, South Korea, India and the Philippines that operate 90 franchised locations as well as e-commerce websites in certain locations.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We have unaffiliated franchisees that operate stores in Mexico, South Korea, India and the Philippines, as well as e-commerce websites in certain locations pursuant to franchise agreements. Under these agreements, our franchisees operate stores and/or e-commerce websites that sell goods purchased from us under our brand names.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We operate several retail businesses, subsidiaries and branch offices throughout Asia, Australia, Canada, Europe and Mexico, which includes managing associates in those jurisdictions, and we may expand these operations in the future. Our global presence exposes us to the laws and regulations of these jurisdictions, including those related to trade regulations, marketing, privacy, data protection, employment and product safety and testing.”

Annual report 2026A · The company itself

A. O. SmithSector unknown

Strategy · strengthens · strength 2/3

“Our trade name is important with respect to our products, particularly in China, India, and North America.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We believe the China market has substantial long-term prospects and are committed to realizing the potential upside inherent in our China business In 2008, we established a sales office in India and began importing products specifically designed for India. We began manufacturing water heaters in India in 2010 and water treatment products in 2015. In 2024, we expanded our product offerings and geographic footprint with the acquisition of Pureit, formerly a Unilever PLC business. Pureit offers a broad range of residential water purification solutions in India and other South Asian markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“On November 1, 2024, we acquired Pureit from Unilever for approximately $125 million, subject to customary adjustments. Pureit, a leading water purification business in South Asia, offers a broad range of residential water purification solutions.”

Annual report 2025A · The company itself

Agilent TechnologiesSector unknown

Driver · weakens · strength 2/3

“Most of our accounting and tax processes including general accounting, cost accounting, accounts payable, accounts receivable and tax functions are centralized at locations in India and Malaysia. If economic, political, health or other conditions change in those countries, it may adversely affect operations, including impairing our ability to pay our suppliers and collect 19 Table of Contents our receivables.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Table of Contents Human Capital Management As of October 31, 2025, we employed approximately 18,100 persons, of whom approximately 7,100 were based in the Americas, 4,400 in Europe and 6,600 in Asia Pacific.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We anticipate that revenue from international operations will continue to represent a majority of our total revenue.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our Life Sciences and Diagnostics Markets segment has manufacturing and research and development facilities in Belgium, Canada, China, Denmark, Germany, Malaysia, Singapore, United Kingdom and the United States.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our Agilent CrossLab segment has manufacturing and research and development facilities in Australia, Germany, Netherlands, Singapore, United Kingdom and the United States, and our direct service delivery organization is regionally based and operating in 28 countries.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our Applied Markets segment has manufacturing and research and development facilities in Australia, China, Germany, Italy, Japan, Malaysia, Singapore, United Kingdom and the United States.”

Annual report 2025A · The company itself

AKER BIOMARINE ASASector unknown

Driver · weakens · strength 2/3

“In Korea, following the market shutdown in 2020, we secured the necessary scientific studies and regulatory approvals for re-entry in 2023. However, no new sales to Korea in 2024 due to significant inventory buildup at re-launch in 2023, but with sales ramp up slower than expected, resulting in sufficient stock carryover into 2024.”

Annual report 2024A · The company itself

Driver · weakens · strength 1/3

“Entry into new Asian markets with different regulatory regimes could also impact sales short to medium term, whilst offering good long-term sales potential.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Global trade tariffs Implementation of trade tariffs on US export in Asia and Europe and import of raw material, negatively affecting our margins Monitor current situation.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“In particular, we saw strong performance in key growth regions, including North America and select Asian markets, which played a vital role in driving overall segment performance.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“We lease warehouses and office space at our headquarters in Oslo and our sales offices in the United States, Latin America, Australia, and Asia.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“The most significant environmental impacts stem from energy consumption and emissions linked to manufacturing krill products and transporting them to customers across the US, Europe, and Asia.”

Annual report 2024A · The company itself

Aktiebolaget VolvoSector unknown

Strategy · strengthens · strength 2/3

“Vi har också ägande i bland annat SDLG, Milence, Eicher, Dongfeng, cellcentric, Flexis och cespira.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Starka positioner på nyckelmarknader Under 2024 var efterfrågan på lastbilar lägre i både Europa och Nordamerika jämfört med de starka marknaderna 2023 medan den var god i Sydamerika.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Leveranserna av Volvomaskiner minskade med 27% medan leveranserna från SDLG-varumärket i Kina ökade med 30%.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Efterfrågan på bussar fortsatte att förbättras på många marknader, särskilt för turistbussar i Nord- och Sydamerika. Den valutajusterade nettoomsättningen ökade med 10% till 24,5 miljarder kronor.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Volvo Lastvagnar lanserade nya lastbilar globalt I januari presenterade Volvo Lastvagnar en helt ny plattform för tunga lastbilar för den nordamerikanska marknaden parallellt med en ny serie tunga lastbilar för Europa, Australien och marknader i Asien och Afrika.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“International markets: 13%”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Demand in Japan remained strong and ALK’s partner Torii (now part of Shionogi) continued to grow in-market sales by double-digits and consolidate its position as market leader, although capacity constraints prevented Torii from fully meeting demand for CEDARCURE ® tablets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In Japan, a new facility has become fully operational, significantly increasing the production capacity of cedar tablets and we are experiencing a strong commitment towards our products from Shionogi, the new owner of Torii. The performance in Japan and – on a smaller scale – other international markets proves that partnerships are an excellent way to develop markets, seed opportunities, and establish leading positions for ALK’s tablets without investing in resource-intensive local organisations and registration trials.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Year-end, the house dust mite tablet was approved for paediatric use in 30 countries and launched in 21 of them – 10 EU member states, Norway, Switzerland, Canada, the USA, and seven partner markets. The roll-out of the tree pollen allergy tablet ITULAZAX ® /ITULATEK ® for children and adolescents started in April, based on regulatory approvals from the EU and Canada.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“ALK’s Japanese partner Torii (now a fully owned subsidiary of Shionogi) initiated a phase 3 trial with ALK’s grass tablet. Scheduled to complete in 2027, the trial is intended to support a regulatory approval in Japan, which is the largest contributor to tablet sales outside Europe. Moreover, Torii expanded API production capacity for CEDARCURE™, the tablet for Japanese cedar pollen-induced allergy.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In 2026, ALK will continue its roll-out of neffy ® , including in markets such as Canada, estimated to be worth DKK 0.5 billion, as well as high-potential markets in Asia and the Middle East.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Revenue in International markets increased by 16% in local currencies to DKK 816 million (717), reflecting some impact from timing of shipments of products to China and Japan. Tablet revenue was up 8%.”

Annual report 2025A · The company itself

AmazonSector unknown

Driver · weakens · strength 2/3

“Although we believe these structures and activities comply with existing laws, they involve unique risks, and the PRC and India may from time to time consider and implement additional changes in their regulatory, licensing, or other requirements that could impact these structures and activities. There are substantial uncertainties regarding the interpretation of PRC and Indian laws and regulations, and it is possible that these governments will ultimately take a view contrary to ours.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Effective intellectual property protection is not available in every country in which our products and services are made available. We also may not be able to acquire or maintain appropriate domain names in all countries in which we do business.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our International Operations Expose Us to a Number of Risks Our international activities are significant to our revenues and profits, and we plan to further expand internationally. In certain international market segments, we have relatively little operating experience and may not benefit from any first-to-market advantages or otherwise succeed.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In India, the government restricts the ownership or control of Indian companies by foreign entities involved in online multi-brand retail trading activities. For www.amazon.in, we provide certain marketing tools and logistics services to third-party sellers to enable them to sell online and deliver to customers, and we hold an indirect minority interest in an entity that is a third-party seller on the www.amazon.in marketplace.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“The Japan Financial Services Agency (JFSA) regulates AIG’s operating insurance subsidiaries and insurance holding company in Japan. The JFSA has extensive authority under the Insurance Business Act and related regulations to oversee licensing, sales practices, business conduct, investments, reserves and solvency, amongst other matters.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“At December 31, 2025, we had approximately 22,100 employees based in approximately 45 countries, of which 27 percent are located in North America, 47 percent are in the Asia Pacific region and the remaining 26 percent are in the European, Middle East and Africa (EMEA region) and Latin America.”

Annual report 2025A · The company itself

AmgenSector unknown

Strategy · strengthens · strength 2/3

“Further, to increase the number of patients available for enrollment in our clinical trials, we have opened, and will continue to open, clinical sites and enroll patients in a number of locations where our experience conducting clinical trials is more limited, including India, China, South Korea, the Philippines, Singapore, Saudi Arabia and some Central and South American countries, either through utilization of third-party contract clinical trial providers entirely or in combination with local staff. Conducting clinical trials in locations where we have limited experience requires substantial time and resources to understand the unique regulatory environments of individual countries.”

Annual report 2025A · The company itself

Aon plcSector unknown

Driver · strengthens · strength 2/3

“During 2012, the Company was granted a tax holiday for the period from October 1, 2012 through September 30, 2022, with respect to withholding taxes and certain income derived from services in Singapore. The Company has been granted a new incentive for the period October 1, 2022 to September 30, 2032. The new incentive provides for a reduced withholding tax rate and a reduced tax rate on certain income derived from services in Singapore, as long as certain conditions are met.”

Annual report 2025A · The company itself

AptivSector unknown

Driver · weakens · strength 2/3

“If we are unable to deepen existing and develop additional customer relationships in the Asia Pacific region, or if we are unable to develop and introduce market-relevant advanced driver assistance or autonomous driving technologies, we may not only fail to realize expected rates of return on our existing investments, but we may incur losses on such investments and be unable to timely redeploy the invested capital to take advantage of other markets or product categories, potentially resulting in lost market share to our competitors.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our customer base includes the 25 largest automotive OEMs in the world, and in 2025, 29% of our net sales came from the Asia Pacific region, which we have identified as a key market likely to experience substantial long-term growth.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The majority of our manufacturing and distribution facilities are in Mexico, China and other countries in Asia Pacific, Eastern and Western Europe, South America and Northern Africa. We also purchase raw materials and other supplies from many different countries around the world.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“(4)Net sales and long-lived assets in Asia Pacific are primarily attributable to China.”

Annual report 2025A · The company itself

Arch Capital GroupSector unknown

Strategy · strengthens · strength 2/3

“With the acquisition of Arch Indemnity in Australia in 2021, and continued growth insuring and reinsuring European banks, we believe diversifying revenues on a global basis is a key operating principle. Our mortgage group focuses on the following areas: •Direct mortgage insurance in the United States.”

Annual report 2025A · The company itself

Ares ManagementSector unknown

Driver · weakens · strength 2/3

“In addition, we may face an increased risk of such misconduct to the extent our investment in foreign markets, particularly emerging markets, increase. Such markets may not have established laws and regulations that are as stringent as in more developed nations, or existing laws and regulations may not be consistently enforced.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Business Overview Ares is a leading global alternative investment manager with $622.5 billion of assets under management and over 4,250 employees in over 55 offices in more than 25 countries.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our real estate activities are managed by equity and debt teams in the Americas, Europe and Asia-Pacific (“APAC”), supported by our vertically-integrated operating platforms.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Real Estate: Our real estate strategy encompasses equity and debt across core, value-add and opportunistic investments in predominantly the Americas, Europe and APAC. We provide investors access to our real estate investment capabilities through private commingled vehicles, SMAs, publicly-traded funds and perpetual wealth vehicles.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our vertically-integrated operating teams are strategically located across the Americas, Europe and APAC in our key target markets, to invest in core, value-add, and development opportunities that are accretive to our portfolios and drive returns for our investors.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“APAC Private Equity: Our APAC private equity team of over 35 investment professionals as of December 31, 2025 focuses on primarily pursuing structured growth equity investments in control, joint control and minority ownership formats. We seek to invest in high-quality middle market companies in our core industries, namely consumer, healthcare and services, that give us exposure to rising consumer and business activity in the APAC region.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“As of December 31, 2025, our total AUM was divided by channel, and further our institutional direct AUM by client type and geographic origin as follows ($ in billions): Institutional Direct Perpetual Wealth Vehicles Publicly-Traded Vehicles Pension Insurance Bank Americas APAC Europe Institutional Intermediaries Sovereign Wealth Fund Investment Manager High Net Worth and Private Bank Middle East & Africa Other The following chart presents the AUM of investors committed to more than one of our funds as of December 31, 2025 compared to December 31, 2020 ($ in billions): We believe that the AUM of multi-fund investors demonstrates our investors’ satisfaction with our performance, disciplined management of their capital and diverse product offering.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“These include operating subsidiaries of Ares Management Asia (Holdings) Limited, which are subject to regulation by various regulatory authorities, including the Securities and Futures Commission of Hong Kong and Monetary Authority of Singapore, as well as the expansion of our investment activities in Japan, Brazil, Vietnam and Australia in connection with recent strategic acquisitions, which are subject to the applicable regulatory authorities and regimes.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Many of our funds invest a portion of their assets in the equity, debt, loans or other securities of issuers located outside the U.S., including Europe and APAC, while certain of our funds invest substantially all of their assets in these types of securities, and we expect that international investments will increase as a proportion of certain of our funds’ portfolios in the future.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Investments in emerging markets are subject to greater risks than those in more developed markets. We have invested and expect to continue to invest in businesses in emerging markets. Investing in emerging markets exposes us to heightened risks compared to developed economies, including political, social, and economic instability.”

Annual report 2025A · The company itself

AutodeskSector unknown

Driver · weakens · strength 2/3

“In particular, our financial results, key metrics, or other operating metrics in Europe during our third quarter are usually affected by a slower summer period, and our APAC operations typically experience seasonal slowing in our fourth quarter.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“International net revenue represented 64% of our net revenue for both fiscal 2026 and 2025.”

Annual report 2026A · The company itself

AUTOLIV, INC.Sector unknown

Driver · strengthens · strength 2/3

“Most of the growth is expected to come from markets in Asia and South America.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“According to S&P Global, LVP is forecasted to grow to close to 91 million by 2027 from almost 87 million in 2024, due to growing demand and export in medium- and low-income markets.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“In medium- and low-income markets (all markets other than the high-income markets above), the Company sees great opportunities for CPV growth from more airbags and advanced seatbelt products. Average CPV in these markets is around $200 or almost $140 less than in the high-income markets.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Changes in our product mix may impact our financial performance We sell products that have varying profit margins. Our financial performance can be impacted depending on the mix of products we sell during a given period. Our earnings guidance, estimates, and financial targets assume a certain product sales mix as well as a geographic sales mix as many of the growth markets have a lower content per vehicle.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“India requires frontal airbags for the driver from July 2019, and passenger airbags from 2021 for all new passenger vehicles (M1), moreover has announced that side airbags shall become mandatory in 2023. In addition, India's Bharat NCAP went into effect in 2023 and was updated in 2024.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Autoliv have therefore increasingly focused resources on developing new products and to strengthen our position with new automakers to capture the growth opportunities that comes with these changes. This includes long term development agreements with several new automakers in China in recent years as well as increased investments in capacity and capabilities in India.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“To support our growth we are investing in new facilities in China, Vietnam, and India.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“As a group, Asian OEMs now represent around 47% of our global sales, whereof Chinese OEMs accounted for 7 percentage points.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“In 2024, the total Asian market, accounted for 39% of Autoliv’s sales. The second largest market was Americas, representing 33% of sales.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“As a group they represented around 46% of the Company's consolidated net sales in 2024, of which Japanese OEMs accounts for almost two thirds. This is a result of the Company's stronger market position based on its local presence in Japan.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“For example, in high-income markets, light vehicles have an average passive safety content values of around $340 per vehicle, whereas in growth markets such as China and India the average passive safety content per vehicle is approximately $200 and $120, respectively. Due to the concentration of the majority of the growth in global LVP over time in growth markets, our operating results may be impacted if the passive safety content per vehicle remains low and if the penetration of automotive safety systems does not increase in these regions.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“RISKS RELATED TO INTERNATIONAL OPERATIONS Our business is exposed to risks inherent in international operations We currently conduct operations in various countries and jurisdictions, including locating certain of our manufacturing and distribution facilities internationally, which subjects us to the legal, political, regulatory and social requirements and economic conditions in these jurisdictions. Some of these countries are considered growth markets and emerging markets.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Our business in Asia is subject to aggressive competition and is sensitive to economic, market, and political conditions We operate in the automotive supply market throughout Asia including the highly competitive markets in China, South Korea, and India. In each of these markets we face competition from both international and smaller domestic manufacturers.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“The lowest major CPV region is India, which saw its share of LVP increase from 6.1% to 6.5%. CPV in China is below the global average, and China’s share of global LVP increased from 32.0% to 33.7%.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“GAAP measure) outperformed LVP growth by 11 percentage points in Asia excluding China supported by strong outgrowth in India, Japan and South Korea. We outperformed by 6.1 percentage points in Europe due mainly to product launches and to a smaller extent higher prices, while it was in line with LVP growth in Americas.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“NET SALES BY REGION (Dollars in millions) 2024 2023 2022 China $ 2,010 $ 2,105 $ 1,883 Asia, excl. China 2,010 1,968 1,638 Americas 3,424 3,526 2,967 Europe 2,946 2,877 2,355 Total $ 10,390 $ 10,475 $ 8,842 The Company has attributed net sales to the geographic area based on the location of the entity selling the final product.”

Annual report 2024A · The company itself

Beijer Ref AB (publ)Sector unknown

Driver · strengthens · strength 2/3

“Den växande medelklassen på varmare kontinenter såsom Asien och Afrika efterfrågar i ökad utsträckning komfortkyla, som enligt flertalet studier har en direkt koppling till ökad livskvalitet.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Beijer Refs produkter säljs huvudsakligen via koncernens 500+ filialer fördelade på 45 länder.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Samtliga rörelsesegment – EMEA, APAC och Nordamerika – visade en stabil utveckling och stärkte sina respektive marknadspositioner, drivet av vår lokala närvaro, goda anpassningsförmåga och nära kund- och partnerrelationer.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Utöver produktionen i Italien fungerar SCM Frigo som ett kunskapscenter för Beijer Refs fabriker i Sverige, Nederländerna, Thailand, Australien, Kina och Sydafrika.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“De två länderna står för en betydande andel av rörelsesegmentets omsättning.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“På senare år har fokus legat på att stärka Beijer Refs närvaro och exponering mot de många intressanta marknaderna i Asien. En särskilt intressant marknad är Sydkorea där Beijer Ref tog sig in under 2023 genom förvärvet av DS Maref, som är en tillverkare och distributör inom kommersiell kyla och reservdelar.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Indien är en annan intressant marknad för Beijer Ref, då den växer snabbt med stort behov av att förbättra kylkedjan i hela dess värdekedja. Genom 2023 års förvärv av kyldistributören Shravan Engineering och HVAC-distributören Chillaire, som slutfördes 2024, har den geografiska bredden och produktportföljen utvecklats i Indien.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Koncernen har dotterbolag inom stora delar av Europa samt i USA, Afrika och APAC.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Under årets första kvartal förvärvades 60 procent av aktierna i Quality Air Equipment (QAE) samt 70 procent av aktierna i Chillaire, med en sälj-/köpoption om att förvärva resterande andel.”

Annual report 2024A · The company itself

Berkshire HathawaySector unknown

Market · strengthens · strength 2/3

“A significant portion of the NICO Group’s annual reinsurance premium currently derives from a 20% quota-share agreement with Insurance Australia Group Limited (“IAG”) that expires on December 31, 2029.”

Annual report unknown yearA · The company itself

BICO Group ABSector unknown

Driver · weakens · strength 2/3

“För helåret 2024 påverkades affärsområdet av svag efterfrågan i Asien och inom segmentet Akademi & Forskning i allmänhet samt utmaningar inom CELLINK, vilket resulterade i en negativ omsättningstillväxt på 12 procent.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Bioprinting redovisade en organisk tillväxt om −11,9 procent (−8,7).”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“BICOs affärsmodell omfattar hela värdekedjan från kundcentrerad FoU och tillverkning till försäljning och distribution av koncernens erbjudande genom våra nordamerikanska, europeiska och asiatiska försäljningsorganisationer samt genom ett omfattande distributörsnätverk.”

Annual report 2024A · The company itself

Bio-TechneSector unknown

Strategy · strengthens · strength 2/3

“One of our strategies is to expand geographically, particularly in China, India and in developing countries, both through distribution and through direct operations. This subjects us to a number of risks, including international economic, political, and labor conditions; currency fluctuations; tax laws (including U.S. taxes on foreign subsidiaries); increased financial accounting and reporting burdens and complexities; unexpected changes in, or impositions of, legislative or regulatory requirements; failure of laws to protect intellectual property rights adequately; inadequate local infrastructure and difficulties in managing and staffing international operations; delays resulting from difficulty in obtaining export licenses for certain technology; tariffs, quotas and other trade barriers and restrictions; transportation delays; operating in locations with a higher incidence of corruption and fraudulent business practices; and other factors beyond our control, including terrorism, war, natural disasters, climate change and diseases.”

Annual report unknown yearA · The company itself

Geography · strengthens · strength 1/3

“We engage in business globally, with approximately 48% of our sales revenue in fiscal 2026 coming from outside the U.S.”

Annual report unknown yearA · The company itself

Geography · strengthens · strength 1/3

“We operate globally, with manufacturing operations in Canada, Switzerland, China and the UK, and approximately 48% of our revenue 25 Table of Contents in fiscal 2026 was from outside the U.S.”

Annual report unknown yearA · The company itself

Geography · strengthens · strength 1/3

“Subsidiary ​ ​ ​ Location ​ ​ ​ Type ​ ​ ​ Square Feet ProteinSimple San Jose, California Office/manufacturing/warehouse 98,000 Novus Biologicals Centennial, Colorado Office/warehouse 74,000 Bionostics Devens, Massachusetts Office/manufacturing 70,000 Cliniqa San Marcos, California Office/manufacturing/warehouse 63,000 PrimeGene Shanghai, China Office/manufacturing/lab 59,000 Advanced Cell Diagnostics Newark, California Office/manufacturing/warehouse 56,000 Asuragen Austin, Texas Office/manufacturing/warehouse 47,000 Tocris Bristol, United Kingdom Office/manufacturing/lab/warehouse 41,000 Bio-Techne China Shanghai and Beijing, China Office/warehouse 34,000 Lunaphore ​ Tolochenaz, Switzerland ​ Office/manufacturing/warehouse ​ 26,000 Bio-Techne Ireland Dublin, Ireland Warehouse 25,000 ProteinSimple Ltd.”

Annual report unknown yearA · The company itself

BIOMAR GROUP A/SAgriculture

Driver · strengthens · strength 2/3

“On mid-term towards 2030 the company is guiding an average volume growth rate of 4-6% annually, reflecting growth in all three feed segments, but primarily driven by the Shrimp segment.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The Shrimp segment saw a 31% volume increase, thanks to a strong market position and product offering in the growing Ecuadorian market.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Aquaculture feed solutions catering to the fast-growing warm-water shrimp segment. Shrimp farming primarily takes place in Latin America and Southeast Asia by a diverse customer base from large corporations seeking efficient, sustainable operations and advanced technologies to small family-run businesses.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“JV feed production facility Feed production facility Global headquarter LOREM IPSUL Close to all major aquaculture hubs BioMar has global feed production presence and research close to all major, high-value species aquaculture hubs. This enables our continuous focus on combining global excellence with local market agility. production facilities 2 million tonnes capacity GLOBAL REACH Feed conversion ratio* Seafood is the most efficient source of animal protein Carbon footprint Water consumption ~6-7 x lower 1.3 1.9 3.9 8.0 ~7-8 x lower 2,000 4,300 6,000 15,400 ~7-8 x lower 5.1 8.4 12.2 39.0 * Feed conversion ratio calculated as the total feed eaten divided by the live-weight gain over a period The diet of farmed fish and shrimp directly influences their nutritional value, making the quality of aquafeed a crucial factor in ensuring nutritious and healthy seafood.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Become a truly global player in all major aqua markets, promoting our focus on sustainable and efficient aquaculture. Focus on accelerating growth in Asia and expanding our market position in Latin America.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We are ramping up our capacity in Ecuador and launching new capacity in China.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The Shrimp segment provides high-quality feed to a diversified customer base in shrimp farming primarily across Latin America and Southeast Asia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Revenue increased sharply year on year, supported by growing adoption of BioMar’s AIbased feeding and farm optimisation solutions, particularly in Latin America and Asia.”

Annual report 2025A · The company itself

BOLIDEN ABSector unknown

Driver · strengthens · strength 2/3

“Den globala produktionen av nickel ökade med 3 % under 2024 på grund av kapacitetsökningar i Indonesien och trots produktionsneddragningar i Australien och Nya Kaledonien. Indonesien har de överlägset största nickelmalmsreserverna i världen och stod för mer än 60 % av den globala gruvproduktionen.”

Annual report 2024A · The company itself

Boston ScientificSector unknown

Strategy · strengthens · strength 2/3

“An important part of our strategy is to continue pursuing growth opportunities in net sales and market share outside of the U.S. by expanding global presence, including in Emerging Markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We are also required to comply with the regulations of every other country where we commercialize products before we can launch or maintain new products on the market, including NMPA regulations in China, Ministry of Health, Labour and Welfare (MHLW) and PMDA regulations in Japan, and regulations in many countries in the Middle East and Southeast Asia that previously did not have, or had minimal, medical device regulations.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“As of December 31, 2025, we maintained 13 principal manufacturing facilities, including six in the U.S. and Puerto Rico, three in Ireland, two in Costa Rica, one in Malaysia, one in China, as well as a Global Headquarters in the U.S. and various distribution and technology centers around the world.”

Annual report 2025A · The company itself

BOULE DIAGNOSTICS ABSector unknown

Driver · strengthens · strength 2/3

“I geografiska områden som Asien, Afrika, Latinamerika och Mellanöstern drivs tillväxten främst av en kontinuerlig ökning av tillgången till hälso- och sjukvård, vilket är extra tydligt i Boules expertis inom hematologi och tillförlitliga kvalitetsinstrument har byggt en ledande position och en stark konkurrensfördel.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“Bolaget inriktar sig på länder med hög BNP-tillväxt och med stora satsningar på uppbyggnad, modernisering och förbättring av sjukvården samt ökad tillgänglighet för befolkning i mindre städer och på landsbygden vilket är områden som passar väl för Boules produkter.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Utmanande men växande hematologimarknad Licenstillverkningen av Boules reagenser på den indiska marknaden startade 2023 och under 2024 nådde vi nästa milstolpe då även Boules instrument började licenstillverkas i Indien. Genom att jobba tillsammans med vår indiska distributör Q-line kan vi rikta in oss på den indiska marknaden med ett skräddarsytt och mer konkurrenskraftigt erbjudande.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Kartläggning av Boules påverkan på hållbarhet Boule köper insatsvaror i Europa, Asien och USA och bedriver tillverkning i fabriker i USA, Sverige och Ryssland samt marknadsför instrument och förbrukningsvaror globalt via ett nätverk av distributörer.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“We deliver technology-driven solutions to banks, broker-dealers, asset and wealth managers, public companies, investors, and mutual funds, that enable our clients to operate, innovate and grow.”

Annual report 2026A · The company itself

Camurus ABSector unknown

Driver · strengthens · strength 2/3

“Exempelvis behandlas nu över 30 procent av patienterna i Australien som får behandling för opioidberoende med långtidsverkande buprenorfininjektioner (LAIB), varav Buvidal används i 80 procent av fallen.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Intäkterna ökade till 1 868 miljoner SEK drivet av stark försäljning av Buvidal i Europa och Australien och växande royaltyintäkter från försäljning av Brixadi* i USA.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Initiativen bidrog till en fortsatt robust försäljningstillväxt om 27 procent under helåret till totalt 1 654 miljoner SEK i försäljning i Europa, Australien och MENA-regionen.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Idag har Camurus en effektiv och skalbar plattform för kommersialisering av innovativa läkemedel inom CNS och sällsynta sjukdomar i Europa, Australien och sedan nyligen även i USA.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Främja företagstillväxt och förbättra hållbarhetsprestanda ~ % Rörelsemarginal kring 50 procent 5x Femfaldig omsättningsökning (från 2022) Godkännanden av fyra utvecklingsprogram Hållbart värdeskapande för alla intressenter genom: Kommersiell infrastruktur i USA Camurus vision 2027 CAMURUS ÅRSREDOVISNING 2024 STRATEGI / KOMMERSIELL TILLVÄXT Sedan första lanseringen av Buvidal vecko- och månadsdepåer av buprenorfin 2019 har Camurus etablerat en marknadsledande position inom segmentet långtidsverkande behandlingar för opioidberoende i Europa, Australien, Nordafrika och Mellanöstern där produkten finns tillgänglig.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Idag är produkten tillgänglig i 24 länder i Europa, Australien, Mellanöstern och Nordafrika, och vid slutet av året uppskattades fler än 60 000 patienter vara i behandling med Buvidal.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“NewBridge Pharmaceuticals – Distributionsrättigheter till Buvidal (CAM2038) i 12 länder i Mellanöstern och Nordafrika (MENA).”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“(1 299,0) MSEK, en ökning med 27 procent jämfört med föregående år (27 procent vid CER), främst relaterat till försäljningen av Buvidal i Europa och Australien.”

Annual report 2024A · The company itself

CarlsbergConsumer goods

Strategy · strengthens · strength 2/3

“Accelerate growth in Asia”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“20% CEEI”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“A selection of our brands in Asia: Growth in our Chinese business was offset by soft volumes in other markets, partly driven by the soft consumer sentiment across the region.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Through a disciplined, outlet-level strategy tailored to each state and strong in-market execution, we have consistently grown our market share – from 5% in 2011 to 23% in 2025 – securing a no. 1 or 2 position in five states out of the 22 states in which we operate.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our partnership with PepsiCo has been further strengthened with the addition of our bottling agreement in Kazakhstan and Kyrgyzstan. This partnership represents a transformation of our businesses in these markets, and we are very excited about the opportunity to strengthen our presence in Central Asia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“A selection of our brands in Central & Eastern Europe and India: CEEI delivered strong results, positively impacted by the consolidation of the business in Nepal, the inclusion of Britvic’s Brazilian business and the sell-in of Pepsi products in Kazakhstan in Q4.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“+5% premium volume growth (adjusted for San Miguel in the UK) ACCELERATE SAIL BRINGING ACCELERATE SAIL TO LIFE Geographical priorities Sustained volume growth and market share gain in India India presents a compelling growth opportunity for the beer category – and for Carlsberg – driven by economic expansion, urbanisation, rising incomes and increasing preference for beer, particularly among young adults. Our portfolio in this attractive market spans all beer segments, with brands such as Tuborg Strong, Tuborg Green, Carlsberg Elephant, Carlsberg Smooth and the recently launched 1664 Blanc in the super-premium segment.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Capturing growth in Central Asia Central Asia is a high-potential market cluster for us, supported by favourable demographics and rising GDP. In Kazakhstan, we have a strong no. 1 position in beer and no. 3 position in energy drinks, and in Kyrgyzstan a no. 1 position in imported beer and no. 2 position in energy drinks.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The new bottling agreement with PepsiCo for Kazakhstan and Kyrgyzstan will double our business in Kazakhstan, placing it among the Group’s top 10 markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Sales investments increased organically by around 5%, mainly due to higher activity in China and, in Kazakhstan, preparations for taking over the Pepsi business.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“CapEx amounted to DKK 5,592m (2024: DKK 5,030m) and was impacted in particular by expansion investments in India and Vietnam, and the building of a new soft drinks plant and sales investments in preparation for taking over the Pepsi licence in Kazakhstan.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Beer volumes in Asia declined by 1.5%, mainly due to soft volumes in Laos and Vietnam.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our business in Laos was impacted by the weak macroeconomic environment. Our volumes declined by midsingle-digit percentages.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our volumes in Vietnam declined by low-double-digit percentages as our business was impacted by intensified competition, especially at the beginning of the year, reorganisation of our route-to-market, and heavy rainfall and flooding in the central part of the country – our stronghold – in Q4.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In Cambodia, total volumes declined, mainly due to continued weakness of the energy drinks business, which remains under significant competitive pressure.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Volumes in Malaysia and Singapore were impacted by soft consumer sentiment and the later sell-in to Chinese New Year celebrations in 2026.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Central & Eastern Europe and India delivered a strong set of results for the year. Reported volume growth in CEEI was 8.6% due to the consolidation of our business in Nepal and the inclusion of Britvic’s Brazilian business.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In India, our business had another good year, delivering highsingle-digit percentage growth after a strong finish to the year.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“There was also very strong growth for soft drinks in Q4, as we started shipments of the Pepsi products in the quarter. We prepared for the takeover during the year, hiring additional sales force and supply chain staff, investing in coolers and building a new bottling facility, expected to be operational in H2 2026.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Volumes in our Export & License business declined slightly, impacted by soft Tuborg volumes and lower Somersby volumes in Asia Pacific.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Group volumes for the year will be positively impacted by the takeover of the Pepsi licence in Kazakhstan and Kyrgyzstan, which will add approximately 1.5 percentage points to the organic volume development. As we will use co-packers until our own soft drinks plant is ready, no profit contribution from the Pepsi volumes is expected in 2026.”

Annual report 2025A · The company itself

Cboe Global MarketsSector unknown

Strategy · strengthens · strength 2/3

“In 2025, following a comprehensive strategic review of its global business operations, Cboe initiated the wind down of its Japanese equities business, including the cessation of operations of its Cboe Japan proprietary trading system and Cboe BIDS Japan block trading platform, initiated a sales process for its Cboe Australia and Cboe Canada businesses, discontinued its U.S. and European Corporate Listings efforts, and reduced costs associated with its U.S. and European ETP Listings businesses, Cboe Europe Derivatives ("CEDX"), and several of Cboe’s smaller Risk and Market Analytics businesses.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“As of January 1, 2025, the Company operates five reportable business segments: Options, North American Equities, Europe and Asia Pacific, Futures, and Global FX, which is reflective of how the Company's chief operating decision maker ("CODM") reviews and operates the business, as discussed in Note 1 ("Nature of Operations").”

Annual report 2025A · The company itself

CBRAIN A/SSoftware

Market · strengthens · strength 2/3

“This includes OECD reporting, supporting more than 350 users across 25 entities, with English and Arabic language self-service. In 2025 cBrain delivered an AI based solution for the ministry, to support the new Peppol electronic invoicing standards.  In the autumn 2025, cBrain signed a contract with Aarhus Municipality to adapt the F2 platform for local government.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“International revenue amounted to DKK 70m, compared to DKK 90m in 2024, representing 28% of total revenue. The change in international revenue is primarily attributable to timing of license deliveries.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“More than one-third of our revenue now comes from international markets, supported by strategic collaborations such as our partnership with UNDP in Africa, our cooperation with Elm in Saudi Arabia, and our joint venture in India.”

Annual report 2025A · The company itself

CellaVision ABSector unknown

Driver · strengthens · strength 2/3

“Marknadspenetration ~5 000 ~29% Stora laboratorier Adresserbar marknad - 21 - Marknadsutveckling Tillväxten drevs främst av nyckelmarknader i Östasien och Australien, där omfattande satsningar på digitalisering av stora laboratorienätverk bidrog till en ökad efterfrågan. Denna utveckling betonade den växande betydelsen av automatisering för att hantera bristen på kvalificerad arbetskraft.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“In January 2026, we acquired certain assets of K.F. (Cambodia) Ltd., a Cambodia-based provider of non-human primates for regulatory required biomedical, pharmaceutical, and toxicological research purposes.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We have a global footprint with production facilities strategically located in 7 countries, in close proximity to major biohubs and client concentrations.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We sell our products and services principally through our direct sales and business development teams who work in North America, Europe and Asia.”

Annual report 2025A · The company itself

Chevron CorporationSector unknown

Market · strengthens · strength 2/3

“Israel Chevron holds a 39.7 percent-owned and operated interest in the Leviathan Field, which operates under a concession that expires in 2044. A third gathering pipeline is under construction and is expected to increase gas production capacity from approximately 1.2 to 1.4 billion cubic feet per day from the Leviathan reservoir.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Brazil Chevron holds a 35 percent nonoperated interest in two blocks in the Campos Basin and has exploration rights in 15 blocks in the North and South Pelotas basins.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Guyana Chevron has a 30 percent nonoperated interest in the Stabroek Block, offshore Guyana, covering approximately 6.6 million acres, following its acquisition of Hess. In August 2025, the One Guyana Floating Production, Storage and Offloading vessel (FPSO) with a production capacity of approximately 250,000 gross barrels of oil per day, achieved first production.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Asia In Asia, the company is engaged in upstream activities in Bangladesh, China, Cyprus, Indonesia, Israel, Kazakhstan, the Partitioned Zone between Saudi Arabia and Kuwait, Malaysia, Russia and Thailand.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Kazakhstan Chevron has a 50 percent interest in the TCO affiliate and an 18 percent nonoperated working interest in the Karachaganak field. TCO operates the Tengiz and Korolev crude oil fields in western Kazakhstan under a concession agreement that expires in 2033.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Chevron has a 26.9 percent nonoperated working interest in the Hibernia Field and a 24.1 percent nonoperated working interest in the unitized Hibernia Southern Extension areas offshore Atlantic Canada. The company has a 29.6 percent nonoperated working interest in the Hebron Field, also offshore Atlantic Canada.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Outside the United States, Chevron supplied directly or through retailers and marketers approximately 5,200 branded service stations, including affiliates. The company markets using the Chevron and Texaco brands in Latin America and the Caltex brand in the Asia-Pacific region.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Outside the United States, the company has interests in three large refineries in Singapore, South Korea and Thailand. Singapore Refining Company (SRC), a 50 percent-owned joint venture, has a total capacity of 290,000 barrels of crude per day and manufactures a wide range of petroleum products.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In South Korea, the company operates through its 50 percent-owned affiliate, GSC.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Chevron is also involved in the petrochemical business through the operations of GSC, the company’s 50 percent-owned affiliate in South Korea. GSC manufactures aromatics, including benzene, toluene and xylene.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Our global growth strategy includes expanding our existing restaurant footprint and introducing Chipotle in new international jurisdictions in which we currently do not operate. The success of our strategy will depend on our identifying and partnering with new business partners, including licensees, joint venture partners, suppliers and distributors, and may include identifying suitable acquisition targets in these new jurisdictions that align with our core values.”

Annual report 2025A · The company itself

Chubb LimitedSector unknown

Market · strengthens · strength 2/3

“Chubb Tempest Re provides a broad range of traditional and specialty reinsurance coverages to a diverse array of primary P&C companies, including small, mid-sized, and multinational ceding companies. •The Life Insurance segment includes our international life operations (Chubb Life), which includes individual life and group benefit insurance primarily in Asia and Latin America.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Acquisitions Liberty Mutual's P&C Insurance Businesses in Thailand and Vietnam On March 3, 2025, we entered into agreements to acquire the insurance businesses of Liberty Mutual in Thailand and Vietnam. The two companies, LMG Insurance in Thailand and Liberty Insurance in Vietnam, offer a range of consumer and commercial P&C products.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In 2025, Chubb International expanded its operations through the acquisition of LMG Insurance in Thailand, offering a range of consumer and commercial P&C products.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Life Insurance (14 percent of 2025 Consolidated NPE) Overview The Life Insurance segment comprises our international life operations (Chubb Life), which includes Huatai Life Insurance Co., Ltd. (Huatai Life), Chubb Tempest Life Re (Chubb Life Re), and the supplemental accident, health, disability, and life business of Chubb Benefits.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Products and Distribution Chubb Life's main operations are in Asia, which accounts for 95 percent of its net written premiums, deposits, and earnings.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“While medical device regulations in the Asia Pacific are based on similar regulatory fundamentals (such as risk-based classification of devices) as other regions, navigating the regulatory landscape in Asia Pacific is extremely complex. Medical device regulation in Asia Pacific differs significantly country by country, requiring specific regulatory affairs expertise in each country, as well as country-based regulatory strategies.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“SEGMENT INFORMATION CooperVision CooperVision competes in the worldwide soft contact lens market and services three primary regions: the Americas, EMEA (Europe, Middle East and Africa) and Asia Pacific.”

Annual report 2025A · The company itself

CSX CorporationSector unknown

Driver · weakens · strength 2/3

“For example, slower rates of economic growth in Asia, contraction of European economies, and changes in the global supply of seaborne coal or price of seaborne coal have adverse impacts on U.S. export coal volume and result in lower coal revenue for CSX.”

Annual report 2025A · The company itself

Danaher CorporationSector unknown

Strategy · strengthens · strength 2/3

“Since our growth strategy depends in part on our ability to further penetrate markets outside the U.S. and increase the localization of our products and services, we plan to continue to increase our sales and presence outside the U.S., particularly in the high-growth markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Human Capital As of December 31, 2025, the Company had approximately 60,000 employees (whom we refer to as “associates”), of whom approximately 22,000 were employed in North America, 20,000 in Western Europe, 3,000 in other developed markets and 15,000 in high-growth markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The Company defines high-growth markets as Eastern Europe, the Middle East, Africa, Latin America (including Mexico) and Asia (with the exception of Japan, Australia and New Zealand).”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Manufacturing facilities are located in North America, Europe and Asia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Manufacturing facilities are located in North America, Europe, Asia and Australia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“International Operations The Company’s products and services are available worldwide, and its principal markets outside the U.S. are in Europe and Asia. The Company also has operations around the world, and this geographic diversity allows the Company to draw on the skills of a worldwide workforce, provides greater stability to its operations, allows the Company to drive economies of scale, provides revenue streams that may help offset economic trends that are specific to individual economies and offers the Company an opportunity to access new markets for products.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In 2025 approximately 59% of our sales from continuing operations were derived from customers outside the U.S.”

Annual report 2025A · The company itself

Delta Air LinesSector unknown

Strategy · strengthens · strength 2/3

“Internationally, we seek to bring more choice to customers through innovative alliances with Aeroméxico, Air France-KLM, China Eastern, LATAM Airlines Group S.A. ("LATAM"), Korean Air, Virgin Atlantic and WestJet.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“We continued to invest in our joint venture partnership with Korean Air through the introduction of a new route from Salt Lake City to Seoul-Incheon.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Revenue in the Pacific region increased 10% on a 9% increase in capacity compared to 2024 on strong demand to Japan and South Korea, particularly with our premium product offerings.”

Annual report 2025A · The company itself

DexcomSector unknown

Strategy · strengthens · strength 2/3

“Manufacturing We primarily manufacture our products at our manufacturing facilities in Mesa, Arizona and Penang, Malaysia.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“In addition to our offices with manufacturing and administrative and operations in countries throughout the world, we intend to continue to pursue growth opportunities in sales outside the United States, especially in Asia and Europe.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Although the majority of our revenue has been generated in the United States, we have expanded our operations to include additional markets in North America, Africa, Asia Pacific, Europe, Latin America and the Middle East.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We currently employ sales and marketing personnel for the direct sale and marketing of certain of our products in North America, Asia Pacific, Europe and the Middle East.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our operations in countries outside the United States, which accounted for approximately 28% of our revenue for the twelve months ended December 31, 2025, are accompanied by certain financial and other risks.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“For example, in 2023, we completed the initial phase of construction of our new facility in Malaysia and commenced commercial manufacturing.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We conduct limited commercial and marketing efforts in certain international markets in the Asia-Pacific, North America and Europe, Middle East and Africa regions, with respect to our CGM systems and may seek to market our products in other regions in the future. Outside the United States, we can market a product only if we receive a marketing authorization and, in some cases, pricing approval, from the appropriate regulatory authorities.”

Annual report 2025A · The company itself

DFDS A/STransport & logistics

Strategy · strengthens · strength 2/3

“was the first full year of operations for TES (Türkiye & Europe South), the Turkish transport company acquired in 2024 to expand the network in a high-growth region supported by nearshoring of supply chains closer to Europe. The addition also extends the proven northern European ferry/ road business model to the region, of which one key strength is the ability to reliably transport large industrial trailer flows.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our network and thereby the DFDS business model is now strongly positioned both in and around Europe to tap into northern Africa’s and Türkiye’s large growth potential.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“För att främja ökade inköp från lågkostnadsländer har inköpskontor etablerats i Mexiko och Ungern, som ett komplement till det redan befintliga i Kina.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“STYRNING AV HÅLLBARHET OCH DETALJERAD INFORMATION 129 Taxonomi 131 Redovisningsprinciper och definitioner 137 FINANSIELL KALENDER 2025 140 DOMETIC ÅRS- OCH HÅLLBARHETSREDOVISNING 2024 Nettoomsättning per försäljningskanal OEM (Original Equipment Manufacturer), 40% (43) Service & Aftermarket, 29% (28) Distribution 31% (29) 2024 (2023) Nettoomsättning per geografisk region Americas, 58% (58) EMEA, 33% (33) APAC, 9% (9) 2024 (2023) Nettoomsättning, miljarder kronor 24,6 Antal länder som produkter säljs i 100 EBITA-marginal 1) 2024, procent 10,8 Antal medarbetare över hela världen ~7 000 Dometic är ett globalt tech-friluftsbolag med en målsättning att underlätta ett mobilt liv: ”Make mobile living easy”.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Produkter för tillverkare av RV-fordon (RV OEM) och CPV-fordon (CPV OEM). • CPV-marknaderna. • Fristående friluftsprodukter sålda via återförsäljare eller genom e-handel (direkt till konsument, DTC). • Cirka 80 procent av försäljningen inom segmentet Land Vehicles APAC var inom Australien och Nya Zeeland. • Med två tillverkningsanläggningar och betydande inköpsverksamhet i Asien är regionen viktig när det gäller tillverkning och leveranser för Dometics organisation globalt.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Segmentet LV APAC redovisade en nettoomsättning på 1241 Mkr (1478). Den totala tillväxten uppgick till −16 procent, varav −15 procent utgjordes av organisk tillväxt, −1 procent av valutaeffekter och 0 procent av M&A.”

Annual report 2024A · The company itself

DSVTransport & logistics

Geography · strengthens · strength 1/3

“Asia Pacific DKK 11,906 million 18% of total”

Annual report 2025A · The company itself

Driver · strengthens · strength 2/3

“Despite these headwinds, emerging markets saw continued growth during the year, providing support to overall global market growth.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“In recent years, many companies have implemented dual sourcing strategies and moved part of their production out of China. While China remains a significant production hub, countries like Vietnam, South Korea and India have seen significant production sector growth.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“EBIT before special items: DKK 13,013 million +12.8% Gross profit EBIT before special items Europe DKK 36,241 million 54% of total DKK 8,726 million 45% of total Americas DKK 14,449 million 22% of total DKK 4,014 million 20% of total Middle East and Africa DKK 4,263 million 6% of total DKK 1,394 million 7% of total Asia Pacific DKK 11,906 million 18% of total DKK 5,477 million 28% of total Road In the first half of 2025, the road market continued the weak market trends seen in 2024, characterised by low freight rates and utilisation levels, especially in Europe.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Strategic and operational highlights With the acquisition of Schenker, the Air & Sea division has significantly expanded its global footprint and become a leading player within air and sea freight. We now service our customers through a leading global air and sea network across more than 90 countries.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We see attractive growth opportunities in North America and APAC, where demand remains high.”

Annual report 2025A · The company itself

Elon AB (publ)Sector unknown

Strategy · strengthens · strength 2/3

“I slutet av året inledde vi ett strategiskt samarbete med den estländska grossistdistributören Sandman Group. Vi ser stor potential i detta partnerskap och möjligheter till synergi  e ffekter inom inköp och logistik, vilket ytterligare stärker vår konkurrenskraft.”

Annual report 2024A · The company itself

ELOPAK ASASector unknown

Driver · strengthens · strength 2/3

“Beverage carton packaging market growth (liters) Global macro-trends present new opportunities across markets Elopak | Market drivers This is Elopak | Market drivers Opportunities and risks These are the major opportunities and risks Opportunities The expected growth in emerging markets represents a significant opportunity.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“In addition to the US plant, we also increased our investments in India. The installation of a second Roll Fed production line has effectively doubled our capacity in the region, enabling us to meet the growing demand for our products.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Introducing Pure-Pak ® cartons is a central part of the strategy for the Indian market, aligning with our ambition to become a full system solution provider in the world’s largest dairy market and a top 3 player by 2030.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“GLS Elopak offers Roll Fed packaging material under the brand Alpak ® .”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Realize global growth potential Strengthen leadership in core Leverage plastic replacement shift Our performance | Our strategy ’Repackaging tomorrow’ Executing on our strategy Realize global growth Elopak’ s strategic priority, ‘Realize global growth‘, focuses on accelerating growth in our margin accretive markets in North America, MENA, and India. Since 2022, we have made significant investments to strengthen our market position in these global growth markets. This includes the acquisition of NaturePak, the number one fresh player in the MENA region, establishment of the partly owned subsidiary with GLS Group to enter the Indian market, the largest market for fresh milk in the world, and the construction of our production plant in Little Rock, Arkansas, US, which will transform our ability to serve customers in the region.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“In India, we continued to deliver solid volume growth with our Roll Fed packaging portfolio.”

Annual report 2024A · The company itself

Ependion ABSector unknown

Strategy · strengthens · strength 2/3

“Beijer Electronics har anpassat kostnaderna med fokus på Asien för att parera nedgången, samtidigt som kompletterande produktion har startats i Malmö för ökad redundans och större närhet till europeiska kunder.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“För det första utökade affärsenheten Westermo sin geografiska marknad genom etableringen av en legal enhet i Bangalore i Indien. Den nya enheten, som nu är operationell, ska driva försäljning på den indiska marknaden och dessutom tillverka produkter lokalt.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Ependion har utvecklingscentra i Malmö och Västerås i Sverige samt i Nürtingen och Mainz i Tyskland, Taipei i Taiwan, Bubikon i Schweiz och Dublin i Irland.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“ÖVERSIKT MARKNADER Global närvaro på växande marknader USA BE, Salt Lake City USA WMO, Chicago Spanien WMO, Malaga Frankrike/Belgien WMO, Paris Indien WMO, Bangalore Korea BE, Soul Kina BE & WMO, Shanghai Taiwan BE, Taipei Singapore WMO & BE, Singapore Australien WMO, Sydney Storbritannien WMO, Southampton Irland WMO, Dublin Storbritannien BE, Nottingham Tyskland WMO, Mainz Nederländerna BE, Amsterdam Norge BE, Drammen Sverige WMO, Västerås Stora Sundby Finland WMO, Helsingfors Sverige BE & Ependion, Malmö Tyskland BE, Dusseldorf Tyskland BE, Nurtingen Danmark BE & WMO, Roskilde Schweiz WMO, Bubikon Turkiet BE, Istanbul Tyskland/Österrike WMO, Waghausel Produktcenter/utveckling Tillverkning/logistik Säljenhet WMO - Westermo BE - Beijer Electronics Rustat för tillväxt i Indien I slutet av 2023 tog Ependions affärsenhet Westermo beslutet att etablera ett dotterbolag på den viktiga indiska marknaden och arbetet med etableringen har fortgått under 2024.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Juni: Affärsenheten Westermo säkrade en första tågorder på den viktiga indiska marknaden, där affärsenheten 2023 beslutade om etablering av säljfunktioner och tillverkning.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Utvecklingen 2024 Efterfrågan på Beijer Electronics produkter påverkades av sämre konjunktur, främst inom tillverkande industri och i Asien, medan det marina segmentet utvecklades positivt. » I början av året tog Beijer Electronics beslut om en ny strategi med fokus på det marina området, på tillverkande industri och på applikationer för särskilt krävande miljöer, samtliga exempel på styrkeområden för affärsenheten.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Högst tillväxt väntas Indien, Kina och Mexiko stå för.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Under 2024 har Westermo etablerat en legal enhet för försäljning, support och viss produktion i Bangalore, Indien.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Vi strävar efter ökad närvaro i Nordamerika, Latinamerika och Ostasien samtidigt som vi vill stärka och växa vår europeiska närvaro.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Avyttring av innehavet i Vinda Essity avyttrade innehavet om 51,59 % av aktierna i det asiatiska hygienbolaget Vinda för 23,50 HKD per aktie. Försäljningslikviden uppgick till omkring 14,6 miljarder HKD (cirka 19 miljarder SEK).”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“IAC per affärsområde Health & Medical, 25% Consumer Goods, 44% Professional Hygiene, 31% Nettoomsättning per kategori Incontinence Products Health Care, 12% Medical Solutions, 8% Incontinence Products Retail, 8% Feminine Care, 9% Baby Care, 5% Consumer Tissue, 32% Professional Hygiene, 26% USA, 14% Tyskland, 12% Storbritannien, 8% Mexiko, 8% Frankrike, 8% Spanien, 6% Koncernens tio största marknader, % av nettoomsättningen Nederländerna, 4% Colombia, 3% Italien, 3% Kanada , 3% Övriga , 31% Tillväxtmarknaderna utgjorde 26 % av nettoomsättningen.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Asien Essitys asiatiska hygien- och hälsomarknad uppgår till cirka 15miljarder SEK, med en förväntad tillväxt om cirka 3–4 % mellan 2024 och 2030.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Övriga regioner Essity är närvarande inom samtliga kategorier i alla tre affärsområdena i Australasien.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“IAC Nettoomsättning Per region Europa, 65% Nordamerika, 18% Asien, 6% Latinamerika, 6% Övriga, 5% Tillväxtmarknaderna utgjorde 20 % av nettoomsättningen inom Health & Medical.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“I Europa är Essity den tredje största aktören med varumärken som Libresse, Bodyform och Nana. Essity är marknadsledare i Latinamerika med varu märkena Saba och Consumer Goods Nosotras.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“Demand in South Asia remained strong as a result of manufacturing relocations in that region.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“North Asia is our largest export-oriented region and accounted for 25% of revenues, 30% of directly related cost of transportation and other expenses and 21% of operating income for the year ended December 31, 2025.”

Annual report 2025A · The company itself

First SolarSector unknown

Driver · mixed effect · strength 2/3

“Competition within our primary markets is influenced, in part, by evolving federal policies that affect equipment sourcing, project economics, and market access. For example, in India solar procurement is shaped, in part, by domestic content requirements and approved-vendor regimes that condition eligibility on certain government-backed procurement. Such policies favor Indian manufacturers and developers with compliant supply chains while increasing barriers for foreign suppliers, including Chinese manufacturers, thereby altering relative cost structures and competitive positioning.”

Annual report 2025A · The company itself

Driver · strengthens · strength 2/3

“In April 2024, the government of India reimposed the ALMM, thereby requiring solar project developers to procure qualifying modules from companies on the list, which includes our Indian manufacturing facility. Also in April 2024, the ALMM was amended to include specific minimum conversion efficiency thresholds for CdTe solar technologies starting at 18% for solar lighting, 18.5% for rooftop applications, and 19% for utility-scale applications.”

Annual report 2025A · The company itself

Driver · strengthens · strength 2/3

“In December 2024, the ALMM was amended to require nearly all solar development projects to use PV modules that contain domestically manufactured solar cells, which is expected to be effective for such projects completed on or after June 2026; in August 2025, the relevant list of qualifying entities was released, which included First Solar as an approved manufacturer.”

Annual report 2025A · The company itself

Driver · mixed effect · strength 2/3

“If enacted, the proposal would negatively impact our ability to sell modules within the Indian market. Our operating results could also be adversely impacted if the ALMM requirements are significantly relaxed to allow modules, solar cells, or certain other key module components to be imported from other countries.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“India. India represents the third largest global market for PV solar energy with an installed solar generation capacity of approximately 132 GW. In addition, the government has established aggressive renewable energy targets, which include increasing the country’s overall renewable energy capacity to 500 GW by 2030, becoming energy independent by 2047, and establishing a net-zero carbon emissions target by 2070.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our global manufacturing footprint includes facilities in the United States, Malaysia, Vietnam, and India. During 2023, we commenced production of our Series 7TM (“Series 7”) modules at our third manufacturing facility in Ohio and our first manufacturing facility in India, which combine our thin film CdTe technology with a larger form factor and an innovative steel back rail mounting structure that reduces module installation time. During 2024 and 2025, we commenced production of Series 7 modules at our manufacturing facilities in Alabama and Louisiana, respectively.”

Annual report 2025A · The company itself

FiservSector unknown

Strategy · strengthens · strength 2/3

“On April 4, 2025, the Company acquired Pinch Payments NZ Limited (together with Zootive Pty Ltd, “Pinch Payments”), an Australia-based payment facilitator. Pinch Payments is included within the Merchant segment and expands the Company’s flexible payment services for its partners and clients, and presence within the Asia-Pacific region.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“On April 17, 2025, the Company acquired the remaining 19% ownership interest in ICICI Merchant Services Private Limited, an India-based merchant acceptance business, for $22 million.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We are strengthening Clover’s global presence by establishing or expanding offerings in multiple international markets, including Australia, Singapore, Brazil, Mexico, Belgium, Spain and Japan.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The Company serves its global client base by working among its geographic teams across various regions, including the U.S. and Canada; Europe, Middle East and Africa (“EMEA”); Latin America (“LATAM”); and Asia Pacific (“APAC”). The majority of the Company’s revenue is earned in the U.S., with revenue generated within its EMEA, LATAM and APAC regions comprising approximately 16% of total revenue for the year ended December 31, 2025, and approximately 15% of total revenue for each of the years ended December 31, 2024 and 2023.”

Annual report 2025A · The company itself

FRONTLINE PLCSector unknown

Driver · strengthens · strength 2/3

“Asia continues to be the source of demand growth, causing oil to travel further as the Middle Eastern members of OPEC retain a cap on production. Global oil supply is expected to outpace demand in 2025, and global oil inventories may increase if OPEC+ starts their planned unwinding of cuts in April 2025.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Our VLCCs are specifically designed for the transportation of crude oil and, due to their size, are primarily used to transport crude oil from the Middle East Gulf to the Far East, Northern Europe, the Caribbean and the Louisiana Offshore Oil Port.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Our Suezmax tankers are similarly designed for worldwide trading, but the trade for these vessels is mainly in the Atlantic Basin, Middle East and Southeast Asia.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Our LR2/ Aframax tankers are designed to be flexible, able to transport primarily refined products, but also fuel and crude oil from smaller ports limited by draft restrictions. The vessels will normally trade between the larger refinery centers around the world, being the Gulf of Mexico, Middle East, Rotterdam and Singapore.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“På det nordamerikanske marked blev der i 2024/25 realiseret en markant omsætningsvækst”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Koncernen har i en årrække, med Kina som væsentligste omdrejningspunkt, tilført ressourcer til udvikling af det asiatiske marked, og det er således tilfredsstillende, at der i 2024/25 er realiseret en markant omsætningsvækst.”

Annual report 2025A · The company itself

Gen DigitalSector unknown

Strategy · strengthens · strength 2/3

“•Leverage our global brands and partner network to drive reach and innovation: We will continue building our family of trusted brands globally — Norton, Avast, LifeLock, MoneyLion and more — as we expand protection and empowerment to consumers across more than 150 countries. We will also continue to invest in our partner network, which includes over 650 channel partners and over 600 third-party product providers in Engine by Gen, to enrich the choices available to our customers and accelerate our reach into new markets and customer segments.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Outside the United States, we offer identity solutions under the Norton, Avast, and other brands, which include dark web monitoring in over 50 countries, monitoring of credit, social media and financial accounts, restoration support, and identity theft insurance in select countries.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We derive a significant portion of our revenues from customers located outside of the United States, and we have substantial operations outside of the United States, including engineering, finance, sales and customer support.”

Annual report 2026A · The company itself

GoDaddySector unknown

Strategy · strengthens · strength 2/3

“We continue to review and add systems as necessary to accept payments in forms common outside of the U.S., optimize our marketing efforts in numerous non-U.S. geographies, equip our customer care team with the knowledge to serve these markets and maintain and review the need to establish, as needed, customer care operations in overseas locations. In addition, we continue to expand our employee base in a number of international locations, including in India, Bulgaria and Serbia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“International revenue represented approximately 33%, 32% and 32% of our total revenue for the years ended December 31, 2025, 2024, and 2023, respectively.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We provide our cloud-based products via a network of data centers including (i) a data center we own and operate in Phoenix, Arizona; (ii) co-location data centers located throughout the U.S., most significantly in Virginia; and (iii) co-location international data centers, most significantly in Singapore and France.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“International 1,626.8 1,459.8 1,381.1 $ 4,951.1 $ 4,573.2 $ 4,254.1 No country outside the U.S. represented more than 10% of total revenue in any period presented.”

Annual report 2025A · The company itself

Goldman SachsSector unknown

Strategy · strengthens · strength 2/3

“Our businesses, have in the past brought and may in the future bring us into contact, directly or indirectly, with individuals and entities that are not within our traditional client and counterparty base, expose us to new asset classes and new markets, and present us with integration challenges. For example, we continue to transact business and invest in new regions, including a wide range of emerging and growth markets, and we expect this trend to continue. Various emerging and growth market countries have experienced severe economic and financial disruptions, including significant devaluations of their currencies, defaults or threatened defaults on sovereign debt, capital and currency exchange controls, and low or negative growth rates in their economies.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In Asia, Australia and New Zealand, we have offices consisting of approximately 3.0 million square feet, including our offices in India, and regional headquarters in Tokyo and Hong Kong. In India, we have offices with approximately 2.0 million square feet, the majority of which have leases that will expire starting in 2028.”

Annual report 2025A · The company itself

Gränges ABSector unknown

Strategy · strengthens · strength 2/3

“En viktig milstolpe under 2024 var förvärvet av en stor produktions anläggning i Shandong i Kina. Förvärvet är ett mycket stort steg för Gränges Asia som tillför den storlek, konkurrenskraft och de partnerskap som krävs för att stärka vår position på en av världens viktigaste, mest innovativa och konkurrensutsatta marknader.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“I det fjärde kvartalet 2024 slutförde vi ett stort förvärv i Kina som avsevärt ökar vår produktionskapacitet och förmåga att konkurrera och växa vår affär.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Gränges slutförde ett stort förvärv i Kina och mer än fördubblade den lokala produktionskapaciteten för elektrifieringslösningar och andra segment. Förvärvet och det utvidgade partner skapet med Shandong Innovation Group möjliggör ytterligare expansion i Asien och på andra marknader och ger tillgång till mer hållbara metall- och energikällor.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Å andra sidan ökade försäljningen i Asien, drivet av nyförsäljning och en stabil allmän efterfrågan på marknaden.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Å andra sidan fortsatte efterfrågan i Asien att öka, drivet av ny affärsverksamhet och en stabil allmän efterfrågan på marknaden.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Gränges har produktionsanläggning - ar och bedriver försäljning i Asien, Europa samt Nord- och Sydamerika.”

Annual report 2024A · The company itself

Hafnia LimitedSector unknown

Driver · strengthens · strength 2/3

“On the imports side, volume gains were generally driven by rebounding oil demand in Latin America, Africa, and Australia, where the recent further closure of approximately 0.25m barrels/day of domestic refinery capacity has boosted products import requirements.”

Annual report 2022A · The company itself

Geography · strengthens · strength 1/3

“Hafnia Snapshot / A Global Business Hafnia: a Global Business Houston, USA India Monaco Bermuda Denmark Singapore Dubai Global Offices Nationalities 35% Women Onshore 5,095 Total Employees Mikael Skov is Chief Executive Officer at Hafnia.”

Annual report 2022A · The company itself

Geography · strengthens · strength 1/3

“Hafnia’s headquarters is in Singapore, with its main offices in Copenhagen, Houston, Monaco and Dubai, with people working from Mumbai.”

Annual report 2022A · The company itself

Husqvarna ABSector unknown

Strategy · strengthens · strength 2/3

“Under 2024 har Husqvarna Forest & Garden-divisionen investerat strategiskt i det lätta lantbrukssegmentet specifikt med ambitionen att expandera på tillväxtmarknader. Investeringarna inkluderar det nyligen genomförda förvärvet av InCeres, en digital plattform som förbättrar lantbrukets effektivitet och produktivitet.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Geografisk expansion förblir en central strategisk prioritet, särskilt på tillväxtmarknader där byggindustrin förväntas växa kraftigt. Att etablera en stark närvaro i dessa regioner är avgörande, och vi har aktivt utökat vår närvaro genom riktade investeringar i lokal kapacitet. Under de senaste åren har vi etablerat en fabrik i Indien och utvecklat produkter som är specifikt anpassade för att möta dessa marknaders unika behov.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Marknaden för robotgräsklippare är huvudsakligen koncentrerad till västra Europa, men står inför en betydande expansion i andra regioner, bland annat Storbritannien, Stillahavsområdet och USA.”

Annual report 2024A · The company itself

HÖEGH AUTOLINERS ASASector unknown

Driver · strengthens · strength 2/3

“Sources: JAMA; KAMA, CAAM China continued to cement its position as the largest vehicle exporting country by volume with 2024 total exports of 5.9 million units (incl. overland and shortsea volumes), compared to 4.2 million units exported from Japan.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“We employ 1,681 dedicated professionals across our global operations, including 469 land-based employees in 16 office locations and 1,212 seafarers from China and the Philippines.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“Det Johan syftar på är bland annat Bemsiq Groups två kanadensiska förvärv, Armstrong och QEL, som innebär att företaget nu går in i ett helt nytt segment – gasdetektering, vilket breddar verksamheten och möjligheterna på ett betydande sätt.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“Arkel är marknadsledande i Turkiet, en växande marknad med 85 miljoner invånare, och har en stark position i Europa, Mellanöstern och Indien. – Med hjälp av Arkel kan vi närma oss nya och befintliga kunder ännu bättre, och vi kan bli snabbare och mer effektiva, säger Andrea. Arkels tillverkningsbas i Turkiet ger Innovalift en strategisk position för att effektivt serva närliggande marknader, samtidigt som Turkiets ökande urbanisering och infrastruktursatsningar ger stora möjligheter att expandera Innovalifts produktoch tjänsteutbud. – Dessutom kommer Arkels påbörjade nya produktionsanläggning i Indien ge övriga företag i gruppen en plattform att expandera i en stor marknad där utvecklingen och användningen av hissar ökar snabbt.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Swegon förvärvade nederländska HC Groep, Bemsiq Group förvärvade QEL i Kanada och Innovalift ingick avtal om att förvärva Arkel i Turkiet, vilket slutfördes i januari 2025.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Några av förvärven är betydande och extra strategiska, som Swegons förvärv av HC Groep i Nederländerna som i ett slag ger Swegon en ledande position i landet, och Bemsiq Groups förvärv av Armstrong och QEL, som adderar ett helt nytt kundsegment.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Vi fortsätter att arbeta för att växa mer i Nordamerika, men även i Asien tar vi allt fler steg.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Även Asien, Australien och mellanöstern är i fokus för expansion. – Medvetandet om vad tillgången till bra data kan göra ökar i alla delar av världen, och vi finns och växer i alla regioner.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Under 2024 tog Caljan beslut om etablering i Italien och Irland, och fortsatte samtidigt att växa i USA, världens största marknad för e-handel och där flera av Caljans största kunder har sin hemmabas. – USA har fortsatt högsta prioritet för oss, där vi arbetar för att bli ledande genom vår höga produktvecklingstakt, starka serviceaffär och med egen anläggning i landet för effektiv tillverkning och montering. Dessutom är Asien en del i vår långsiktiga tillväxtplan, den marknad i världen där efterfrågan växer snabbast.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Med Arkels närvaro i Turkiet och Indien etablerar sig Innovalift på marknader med stor tillväxtpotential, där framför allt nybyggnation driver efterfrågan på nya hisslösningar.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Det har resulterat i en nästintill global närvaro. – Det är dessutom fascinerande att se hur en organisation av denna storlek kunnat bygga en global räckvidd ”Asien med Kina i spetsen är en viktig marknad för oss, där kunskapen om våra ledande lösningar ökar inom ett stort antal segment” Daniel Westberg om hur Nord-Lock Group fortsätter att stärka sin globala närvaro.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Utöver förvärven har bolaget utökat sin globala räckvidd med nya satsningar, såsom ett säljbolag i Brasilien, ett logistikcenter i Malaysia för att effektivisera leveranser till kunder i Sydostasien och en lokaliseringsprocess för Superbolt i Kina.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Swegon har produktionsenheter i Europa, Nordamerika och Indien.”

Annual report 2024A · The company itself

Investor AktiebolagSector unknown

Market · strengthens · strength 2/3

“• AstraZeneca har flera snabbväxande produkter inom onkologi och sällsynta sjukdomar, områden med stora ouppfyllda behov, och en ledande position på tillväxtmarknaderna. • Under 2022 ökade omsättningen och resultatet från kärnverksamheten avsevärt, främst drivet av onkologiportföljen och ökad exponering mot sällsynta sjukdomar tillföljd av förvärvet av Alexion under 2021. • Fokus för framtida värdeskapande: Hög FoU-produktivitet, framgångsrik kommersialisering av nya behandlingar och bibehållet ledarskap på tillväxtmarknaderna. www.astrazeneca.com SEB www.sebgroup.com En ledande nordeuropeisk finanskoncern med starka företagsoch privatkundsrelationer.”

Annual report 2022A · The company itself

Geography · strengthens · strength 1/3

“Expansion i Asien är en strategisk prioritering för EQT AB och under året gick EQT AB samman med Baring Private Equity Asia (BPEA), en ledande pan-asiatisk investerare i onoterade tillgångar. Samgåendet utökar EQT:s närvaro i Asien markant och ger företaget en stark position för att tillvarata de strukturella tillväxtmöjligheter som investeringar i onoterade asiatiska tillgångar erbjuder.”

Annual report 2022A · The company itself

INVISIO ABSector unknown

Driver · strengthens · strength 2/3

“Investeringarna i avancerade kommunikations- och hörselskyddssystem i dessa länder har historiskt varit mer begränsade, men växer nu i relativt snabb takt.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Expansionen till nya geografiska marknader, särskilt i Asien, intensifierades under 2024. Den höga aktivitetsnivån har lett till framgångar, särskilt inom specialstyrkor i flera nya länder.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“INVISIO uppdaterade i början av 2025 bolagets skattning av marknadens storlek. Det årliga värdet på den adresserbara marknaden i USA, Europa och utvalda länder i Asien bedöms nu totalt uppgå till cirka 25 miljarder kronor.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Det är INVISIOs strategi att bearbeta nya geografiska marknader i Asien, Mellanöstern och Sydamerika. Innan pandemin nådde bolaget framgång i utvalda länder i Asien.”

Annual report 2024A · The company itself

ITAB Shop Concept ABSector unknown

Strategy · strengthens · strength 2/3

“Expandera till nya marknader och segment • Geografiska vita fläckar i östra och södra Europa. • Ökad försäljning till regioner utanför Europa.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“ITAB hade under 2024 rörelsedrivande dotterbolag i Argentina, Chile, Danmark, Dubai, Estland, Finland, Frankrike, Hongkong, Indien, Italien, Kina, Lettland, Litauen, Malaysia, Nederländerna, Norge, Polen, Spanien, Storbritannien, Sverige, Tjeckien, Tyskland och USA.”

Annual report 2024A · The company itself

Kalmar OyjSector unknown

Market · strengthens · strength 2/3

“Vuoden kohokohtiin kuuluivat seuraavat julkistetut tilaukset: Kalmar modernisointipalvelun toteuttama 32 konttilukin modernisointi APM Terminalsille MedPort Tangieriin (Marokko), 14 hybridikäyttöistä Kalmarkonttilukkia Hanseatic Global Terminalsille (Ranska), 14 automatisoitua hybridikäyttöistä Kalmar AutoStrad™ - laitetta Patrick Terminalsille (Australia), 16 hybridikäyttöistä konttilukkia Transnet Port Terminalsille Kapkaupunkiin ja Port Elizabethiin (Etelä- Afrikka) sekä 30 hybridikonttilukkia Maher Terminalsin merikonttiterminaaliin New Jerseyihin (Yhdysvallat).”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“51 (48) prosenttia, Amerikan 34 (38) prosenttia ja Aasian ja Tyynenmeren alueen 15 (14) prosenttia. Myynti kasvoi EMEA- ja APAC-alueilla molempien segmenttien vetämänä, kun taas myynti laski Amerikassa pitkittyneen markkinatilanteen epävarmuuden vuoksi.”

Annual report 2025A · The company itself

KDventures ABSector unknown

Strategy · strengthens · strength 2/3

“Biosergen har etablerat ett samutvecklings- och licensavtal med ett av de största läkemedelsföretagen i Indien, Alkem Laboratories Ltd, och under 2024 har den första kliniska studien med BSG005 i patienter med invasiva svampinfektioner initierats i Indien. Alkem kommer att finansiera alla kliniska fas 2- och 3- studier i Indien förutom den första kliniska studien med 15 patienter.”

Annual report 2024A · The company itself

KenvueSector unknown

Strategy · strengthens · strength 2/3

“In recent years, we have grown, and we intend to continue to grow, our business by expanding our global operations. In seeking to expand our operations in geographic markets where we currently have a presence or to establish operations in new geographic markets where we do not currently have a presence, we expect, as we have in the past, to invest significant resources, incur significant expenses, and face various challenges, including those related to compliance with market-specific laws or regulations, gaining acceptance of our products from consumers, customers, and third-party partners, and expanding our sales force and other personnel in those markets.”

Annual report 2025A · The company itself

KID ASASector unknown

Driver · weakens · strength 2/3

“Kid Group's operations significantly impact communities near raw material production and manufacturing sites in the upstream value chain, exposing them to economic, social, and cultural risks.”

Annual report 2024A · The company itself

Driver · weakens · strength 1/3

“While the textile industry can bring economic benefits by generating employment and fostering industrial growth, Kid Group does not directly invest in production facilities or local community development in these regions. Therefore, its activities do not generate a material positive impact in this regard.”

Annual report 2024A · The company itself

Driver · weakens · strength 1/3

“Kid's operations are governed from the headquarters in Norway, with no local offices in the production countries.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Kid Group sources the majority of its goods from Asia, which are then transported to Norway and Sweden before being distributed to stores across Norway, Sweden, Finland, and Estonia.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Examples include cotton farming that depletes water, degrades soil, and promotes monocultures, as well as high greenhouse gas emissions. Around 80% of Kid ASA's production is based in China, India, Pakistan and Bangladesh.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“However, in the upstream value chain – primarily based in the Asia-Pacific – the Group does not own any factories or production facilities.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Our suppliers in Pakistan and Bangladesh are mainly working vertically, with tier 1-3 integrated in the same company, leading to a closer relationship and overview even further up the supply chain in these countries.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“In China and India, our two largest sourcing countries, the suppliers are usually split up in individual companies for each production process (horizontal production).”

Annual report 2024A · The company itself

KKR & Co.Sector unknown

Market · strengthens · strength 2/3

“For the year ended December 31, 2025, $43.8 billion of capital was invested by our Credit and Liquid Strategies business line, as compared to $38.6 billion for the year ended December 31, 2024. The increase was driven primarily by a higher level of capital deployed across our private credit strategies, most notably direct lending. During the year ended December 31, 2025, 79% of capital deployed was in transactions in North America, 16% was in Europe, and 5% was in the Asia-Pacific region.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Over the same period, we scaled from being a U.S.-focused firm to a global operation with 36 offices around the world as of December 31, 2025.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We invest a significant portion of our AUM in the equity, debt, loans or other securities of issuers and in other assets that are based outside of the United States. Investing in companies or assets that are based or have significant operations in countries outside of the United States and, in particular, in emerging markets such as China and India, Eastern Europe, South and Southeast Asia, Latin America and Africa, involves risks and considerations that are not typically associated with investments in companies or assets established in the United States.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our transaction fees are comprised of fees earned from North America, Europe, and the Asia-Pacific region. For the year ended December 31, 2025, approximately 54% of our transaction fees were generated outside of North America as compared to approximately 47% for the year ended December 31, 2024.”

Annual report 2025A · The company itself

KONGSBERG GRUPPEN ASASector unknown

Market · strengthens · strength 2/3

“Nøkkelkonktrakter inkluderte JSM til US Air Force, Japan og Australia, samt NSM til US Navy.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Den internasjonale veksten fortsetter, og i 2025 kommer vi til å begynne å bygge de nye missilfabrikkene i Australia og USA, som vil gi oss en mye sterkere tilstedeværelse i disse landene.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“En ny missilproduksjonsfabrikk ble åpnet sommeren 2024 på Kongsberg, og like etter annonserte vi nye fabrikker i Australia og USA.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Vi styrker vår tilstedeværelse i land som Australia, Canada og USA.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Norge er det viktigste markedet for forretningsområdet. I tillegg har forretningsområdet en sterk posisjon i USA og Australia.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“PARTNER ECOSYSTEM AND CHANNEL PERFORMANCE Partners continue to be a cornerstone of our international growth strategy. In 2025, Konsolidator collaborated with more than 30 partners, with several new strategic partnerships established across Europe and Asia. Konsolidator's value offering Truly Acctech.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Larger data volumes and faster reporting requirements demand reliable reporting, and GEOGRAPHIC EXPANSION During 2025, the market reach expanded into four new markets: Portugal, Chile, France, and Malaysia. By Konsolidator differentiates itself by providing reliable, year-end, we served 283 active customers, with 52 new trustworthy numbers, supported by Konsolidator’s customers joining during 2025.”

Annual report 2025A · The company itself

Las Vegas SandsSector unknown

Driver · strengthens · strength 2/3

“Based on figures released by the Singapore Tourism Board (the “STB”), Singapore welcomed approximately 16.9 million international visitors during the year ended December 31, 2025, a 2.3% increase compared to 2024.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Table of Contents •We face the risk of fraud and cheating. •Our operations face significant competition, which may increase in the future. •Our attempts to expand our business into new markets and new ventures, including through acquisitions or strategic transactions, may not be successful.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“•Our loan receivable is subject to certain risks, which could materially adversely affect our financial position, results of operations and cash flows. •There are significant risks associated with our current and planned construction projects Risks Associated with Our International Operations •Our Macao Concession and Singapore development agreements and casino license can be terminated or redeemed under certain circumstances without compensation to us. •The number of visitors to our Integrated Resorts, particularly visitors from mainland China, may decline or travel may be disrupted. •The Macao and Singapore governments could grant additional rights to conduct gaming in the future and increase competition we face. •Conducting business in Macao and Singapore has certain political and economic risks. •Our tax arrangements with the Macao government may not be extended on terms favorable to us or at all beyond their expiration dates.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“We operate the gaming area within our Singapore property pursuant to a 30-year casino concession provided under a development agreement entered into in August 2006.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“In 2006, the Singapore government awarded two concessions to develop and operate two Integrated Resorts. We were awarded the concession for the Marina Bay site, which is adjacent to Singapore’s central business district, and Genting International was awarded the second site, located on Singapore’s Sentosa Island.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Table of Contents Singapore In April 2019, our wholly owned subsidiary, Marina Bay Sands Pte. Ltd. (“MBS”) and the STB entered into a development agreement (the “Second Development Agreement”) pursuant to which MBS has agreed to construct a development (the “MBS Expansion Project”) on a land parcel adjacent to Marina Bay Sands. The MBS Expansion Project will include a hotel tower with luxury rooms and suites, a rooftop attraction, premium gaming areas, convention and meeting facilities and a state-of-the-art live entertainment arena with approximately 15,000 seats.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Our estimated total project cost is approximately $8.0 billion, inclusive of financing fees and interest, land premiums and the purchase of the Additional Gaming Area.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“We hold one of only six gaming concessions authorized by the Macao government to operate casino games of chance in Macao through December 31, 2032.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“We hold one of two licenses granted by the Singapore government to operate a casino in Singapore during an exclusive period expiring on December 31, 2030.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We currently own and operate Integrated Resorts in Macao and Singapore.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In Singapore, we own and operate the iconic Marina Bay Sands, which is one of Singapore’s major tourist, business and retail destinations.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our Integrated Resorts in Macao and Singapore have contributed 44% and 56% of our total adjusted property EBITDA, respectively, during 2025.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Singapore Singapore is regarded as having the most developed financial and transportation infrastructure in the Southeast Asia region. Singapore has established itself as a destination for both business and leisure visitors, offering convention and exhibition facilities as well as world-class shopping malls and hotel accommodations.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We are primarily dependent upon our Asia properties for all of our cash flow. Given our operations are conducted primarily at properties in Macao and Singapore and a large portion of our planned development is in Macao and Singapore, we are subject to greater risk than if we were more diversified.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Substantially all of SCL’s assets are located in Macao and substantially all of SCL’s revenue is derived from Macao. Accordingly, our results of operations, financial position and prospects are subject to a significant degree to the economic, political and legal situation in Macao.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“ITEM 2. — PROPERTIES We have received concessions from the Macao government to build on a six-acre land site for the Sands Macao and the sites on which The Venetian Macao, The Plaza Macao and Four Seasons Macao, The Londoner Macao and The Parisian Macao are located. We do not own these land sites in Macao; however, the land concessions grant us exclusive use of the land.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Singapore The Company owns and operates Marina Bay Sands in Singapore, which has three 55-story hotel towers consisting of 1,844 rooms, including 775 suites, that have recently undergone extensive renovations to introduce world class suites. Marina Bay Sands also features the Sands SkyPark (which sits atop the hotel towers and features an infinity swimming pool and several dining options), approximately 157,000 square feet of gaming space, an enclosed retail, dining and entertainment complex of approximately 794,000 square feet, a convention center and meeting room complex of approximately 1.2 million square feet, a theater and a landmark iconic structure at the bay-front promenade that contains the ArtScience Museum.”

Annual report 2025A · The company itself

Lilly (Eli)Sector unknown

Driver · weakens · strength 2/3

“In Japan, our products can be subject to government-mandated annual price reductions. The government may also apply re-pricings for specific products or classes of products if certain criteria are met, including exceeding product use thresholds.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Governments in many emerging markets are also focused on limiting health care costs and have enacted price controls and measures impacting intellectual property.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We manufacture and distribute our products through facilities in the United States (U.S.), including Puerto Rico, and in Europe and Asia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Significant portions of our business are conducted in Europe, Asia, and other international geographies.”

Annual report 2025A · The company itself

Lululemon AthleticaSector unknown

Driver · weakens · strength 2/3

“Our future growth depends in part on our expansion efforts outside of the Americas. We have limited experience with regulatory environments and market practices internationally, and we may not be able to penetrate or successfully operate in any new market. In connection with our expansion efforts, we may encounter obstacles we did not face in the Americas, including cultural and linguistic differences, differences in regulatory environments, labor practices and market practices, difficulties in keeping abreast of market, business and technical developments, and international guests' tastes and preferences.”

Annual report 2026A · The company itself

Input · weakens · strength 2/3

“The following presents information about our vendor distribution based on cost: •Product manufacturing - We work with approximately 51 vendors, five of which produced 47% of our products in 2025, with the largest manufacturer producing 15%. During 2025, 40% of our products were manufactured in Vietnam, 18% in Cambodia, 11% in Sri Lanka, 11% in Indonesia, and 7% in Bangladesh, and the remainder in other regions. •Fabrics - We work with a group of approximately 65 fabric suppliers.”

Annual report 2026A · The company itself

Input · weakens · strength 2/3

“In 2025, 48% of our fabrics were produced by our top five fabric suppliers, with the largest manufacturer producing 20%. During 2025, 34% of our fabrics originated from Taiwan, 29% from China Mainland, 10% from South Korea, and 10% from Vietnam, and the remainder from other regions.”

Annual report 2026A · The company itself

Input · weakens · strength 1/3

“•Other raw materials - We also source other raw materials which are used in our products, including content labels, elastics, buttons, clasps, and drawcords from suppliers located predominantly in APAC and China Mainland.”

Annual report 2026A · The company itself

Strategy · strengthens · strength 2/3

“(In thousands) Net revenue $ 1,500,757 $ 1,298,633 Net revenue change 15.6 % 26.8 % We have experienced net revenue growth in APAC and EMEA and intend to continue to invest in these markets to build brand awareness, including leveraging global ambassadors. Where we identify growth opportunities, we plan to open new retail locations, including new EMEA and APAC markets in which we identify growth opportunities.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Rest of World In 2025, the net revenue we generated in APAC and EMEA represented 13% of our total net revenue.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“In addition, we do not manufacture our products or raw materials and rely on suppliers and manufacturers located predominantly in APAC and China Mainland. We also source other materials used in our products, including items such as content labels, elastics, buttons, clasps, and drawcords, from suppliers located primarily in this region. Based on cost, during 2025: •Approximately 40% of our products were manufactured in Vietnam, 18% in Cambodia, 11% in Sri Lanka, 11% in Indonesia, and 7% in Bangladesh, and the remainder in other regions; and •Approximately 34% of the fabric used in our products originated from Taiwan, 29% from China Mainland, 10% from South Korea, 10% from Vietnam, and the remainder from other regions.”

Annual report 2026A · The company itself

Market · strengthens · strength 2/3

“Candelaria (Chile) The Candelaria operations consist of an open pit and underground mines providing copper ore to two on-site processing plants located near Copiapó in the Atacama region of Chile, as well as a port facility and desalination plant located approximately 100km from the mine facilities in the town of Caldera.”

Annual report 2024A · The company itself

LyondellBasellSector unknown

Driver · weakens · strength 2/3

“Any broad-based downturn in these emerging markets, or in a key market such as China, could require us to reduce export volumes into these markets and could also require us to divert product sales to less profitable markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We also derive significant revenues from our business in emerging markets, particularly the emerging markets in Asia and South America.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Våra produkter vänder sig till tre olika marknader: Leverantörer Inköpen av produkter sker i första hand från företag i Europa och i Asien. Malmbergs Sverige svarar för de gemensamma inköpen till övriga bolag i koncernen, även vad gäller produkter från svenska tillverkare.”

Annual report 2024A · The company itself

MEDISTIM ASASector unknown

Strategy · strengthens · strength 2/3

“Offer an entry-level solution to reach emerging, price-sensitive, high-growth markets 4.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“A decrease in the number of procedures performed in Western countries in recent years has been compensated by an increase in the BRICS countries (Brazil, Russia, India, China and South Africa).”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“With over 90 % of all CABG procedures using Medistim technology for blood flow measurement systems and ultrasound imaging, Japan is one of the most developed markets for Medistim’s solutions. The Japanese market counts some 17 000 procedures annually.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Medistim’s market share is below 5 %. This is an interesting target market for Medistim and with the new distributor partnership with LivaNova, it is expected that the Indian market will become a future driver for growth.”

Annual report 2024A · The company itself

Merck & Co.Sector unknown

Driver · weakens · strength 2/3

“Governments in many emerging markets are also focused on constraining health care costs and have enacted price controls and measures impacting intellectual property, including in exceptional cases, threats of compulsory licenses, that aim to put pressure on the price of innovative pharmaceuticals or result in constrained market access to innovative medicine. The Company anticipates that pricing pressures and market access challenges will continue in the future to varying degrees in the emerging markets.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“The Company systematically evaluates its pipeline candidates to assess their potential to address unmet medical needs, particularly in low- and middle-income countries. The insights from the assessment inform product development and access strategies, with a focus on expanding the availability of the Company’s medicines and vaccines in an economically sustainable manner.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Globally, Merck has made substantial contributions to access to health through key initiatives, including product donations for humanitarian assistance in low-income countries through the Medical Outreach Program.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The Company has operations in countries located in Latin America, the Middle East, Africa, Eastern Europe and Asia Pacific.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The Company has been taking steps to increase its sales in emerging markets. However, there is no guarantee that the Company’s efforts to expand sales in these markets will succeed.”

Annual report 2025A · The company itself

METSO OYJSector unknown

Driver · weakens · strength 2/3

“Material impacts, risks and opportunities Impacts Actual / potential (+/-) Risks Opportunities Time horizon Key management methods WATER USE IN METSO'S OPERATIONS Several of Metso’s locations are situated in waterscarce areas in India, China, Chile and Mexico, which increases demand for local water resources. Actual (-) Short Medium Long • 8 of Metso’s locations are located in water-scarce areas (2024: 8).”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In other regions, such as China and South America, activity remained broadly in line with the previous year.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Metso’s most significant planned investments in decarbonizing its own operations focus on electrifying foundries and metal casting processes within its facilities in China and India.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Specific climate mitigation actions completed in 2025 include: • Energy-efficient upgrades to industrial furnaces and heating systems in Brazil, China and India • Installations of solar panels at manufacturing locations in Australia, China and Mexico • Change from diesel to electric tow-trucks and company vans in India and Ireland and installing electric vehicle charging stations in Finland • Installation of automated shutdown control for air conditioning to reduce energy and cooling gas waste in Brazil Metso Corporation - Board of Directors' report and financial statements 2025 |68 Metso continues to develop its Life Cycle Services (LCS) contracts toward more sustainable solutions by creating performance-based and product-as-a-service business models.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Metso's supply chain extends to many low-income countries. Expansions of sourcing to lowincome countries to improve cost-efficiency may increase the risk for wages that are not adequate.”

Annual report 2025A · The company itself

MGM ResortsSector unknown

Driver · strengthens · strength 2/3

“We expect the long-term future growth of the Asian gaming market to drive additional visitation at MGM Macau and MGM Cotai.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“For example, while our Macau operations compete to some extent with casinos located elsewhere in or near Asia, certain areas in the region have legalized casino gaming (including Japan) and others (such as Taiwan and Thailand) may legalize casino gaming (or iGaming) in the future.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“We continue to focus on our key growth opportunities, including developing an integrated resort in Japan, expanding our BetMGM North America Venture, and advancing international digital opportunities. In Japan, MGM Osaka signed an agreement with Osaka Prefecture and Osaka City in September 2023 to implement its government-certified Area Development Plan (“ADP”) for the development of an integrated resort in Osaka, Japan.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“As of December 31, 2025, we operate 16 domestic casino properties and, through our approximate 56% controlling interest in MGM China Holdings Limited (together with its subsidiaries, “MGM China”), which owns MGM Grand Paradise, S.A. (“MGM Grand Paradise”), operate two casino properties in Macau.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Additionally, through our 50% ownership interest in MGM Osaka Corporation (“MGM Osaka”), an unconsolidated affiliate, we are developing an integrated resort in Osaka, Japan.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“MGM Digital MGM Digital is our consolidated online gaming portfolio which is primarily comprised of LeoVegas, which is headquartered in Sweden and Malta and operates internationally, primarily in Europe and, through its consolidated venture, in Brazil. Revenues are derived from its online gaming product offerings, which include iGaming, digital slots and table games, as well as live dealer and online sports betting.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In the United Arab Emirates (“UAE”), we currently have a non-gaming management agreement with Wasl Hospitality to bring the Bellagio, Aria, and MGM Grand brands to Dubai. With the UAE’s establishment of the General Commercial Gaming Regulatory Authority, tasked with creating a regulatory framework for commercial gaming in the UAE, we are encouraged by the potential opportunity for gaming expansion in Dubai.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Bolaget har ingått avtal om vidareförsäljning av MOB-015 med kommersialiseringspartners för Kanada, Skandinavien och Israel.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Moberg Pharma har avtal med kommersiella partners på plats i Kanada, Skandinavien och Israel.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Moberg Pharma har aktiva licensavtal med partners i Skandinavien, Kanada och Israel och kommer fortsatt arbeta nära partners med lokala registreringsprocesser och kommersialisering.”

Annual report 2024A · The company itself

Monster BeverageSector unknown

Market · strengthens · strength 2/3

“U.S. full service bottlers/distributors 45% ​ 46% ​ 47% International full service bottlers/distributors 43% ​ 41% ​ 40% Club stores and e-commerce retailers 8% ​ 8% ​ 8% Retail grocery, direct convenience, specialty chains and wholesalers 2% ​ 2% ​ 2% Alcohol, value stores and other 2% ​ 3% ​ 3% ​ Our non-alcohol customers include Coca-Cola Canada Bottling Limited, Coca-Cola Consolidated, Inc., Coca-Cola Bottling Company United, Inc., Reyes Holdings, LLC, Coca-Cola Southwest Beverages LLC, The Coca-Cola Bottling Company of Northern 12 Table of Contents New England, Inc., Swire Pacific Holdings, Inc. (USA), Liberty Coca-Cola Beverages, LLC, Coca-Cola Europacific Partners, Coca-Cola Hellenic, Coca-Cola FEMSA, Swire Coca-Cola (China), COFCO Coca-Cola, Coca-Cola Beverages Africa, Coca-Cola İçecek and certain other TCCC network bottlers, Asahi Soft Drinks, Co., Ltd., Wal-Mart, Inc. (including Sam’s Club), Costco Wholesale Corporation and Amazon.com, Inc.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Net sales outside the United States were $3.44 billion, $2.96 billion and $2.71 billion for the years ended December 31, 2025, 2024 and 2023, respectively.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We have continued expanding our energy drink operations internationally into a variety of new markets. Our net sales to customers outside of the United States were approximately 41%, 40% and 38% of consolidated net sales for the years ended December 31, 2025, 2024 and 2023, respectively.”

Annual report 2025A · The company itself

NEL ASASector unknown

Strategy · strengthens · strength 2/3

“One example is the Technology Licensing Agreement where Reliance, India’s largest privately-owned company, will manufacture and sell Nel’s alkaline technology in India and for their own projects globally.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“• Realigned the relationship with Nikola and will support Fortescue on its 80 MW Phoenix hydrogen hub, for a total consideration of approximately USD 20 million. • Entered into a technology licensing agreement with RIL.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“As many of the largest projects are likely to be located in geographical areas with abundant resources of wind and solar energy, reducing electricity prices and carbon footprint, important export markets longer term is expected to include Asia, Middle East and Australia.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“To provide a wider view of our work, I have highlighted a few achievements on a more strategic level below. - In 2024, we signed a Memorandum of Understanding (MoU) with NEXT’s long-term partner ACPL to jointly develop a new product which targets the growing government ID market and different national ID programs in Asia, South America, and Africa. The MoU includes a commitment by ACPL to place purchase orders amounting to at least 35 MNOK over a period of 18 months.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“India and China were our largest geographical markets in 2024. Our growth in India was characterized by an increase in the number of outstanding tenders, especially in the banking and finance sectors.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Not only does it ensure the market introduction of the FAP30 sensor, but the device will also target attractive sectors, such as the law enforcement and banking industries in Europe and South Africa, as well as the growing MOSIP (Modular Open Source Identity Platform) market in Asia and Africa.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“NEXT Biometrics Group ASA is headquartered in Oslo, with sales, support, and development operations in Seattle, Taipei, Tokyo, New Delhi and Shanghai.”

Annual report 2024A · The company itself

Norsk Hydro ASASector unknown

Strategy · strengthens · strength 2/3

“Gjennom vekst i attraktive regioner og segmenter, en sterk bærekraftsplattform, kundepartnerskap og kommersielt fokus samt porteføljeoptimalisering og kostnadsreduksjoner trapper Hydro Extrusions opp sine ambisjoner for driftsmessige og kommersielle forbedringer mot 2030.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Produksjonskapasiteten innen ekstrudering er på 1,4 millioner tonn i året, og markedsandelene var 16 prosent i Europa og 19 prosent i Nord-Amerika i 2024, i tillegg til solide posisjoner i Sør-Amerika og Asia.”

Annual report 2024A · The company itself

NOTE AB (publ)Sector unknown

Driver · weakens · strength 2/3

“Vår kinesiska verksamhet som har haft utmaningar under större delen av 2024 ser ut att nå en gradvis normalisering av försäljningsvolymerna under det kommande året.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“NOTEs fabriker i Estland, Bulgarien och Kina finns nära stora slutmarknader och i regioner med stark produktionstradition och hög kompetens. Utöver utvecklingsorienterade tjänster erbjuds kostnadseffektiv volymtillverkning av kretskort och kompletta produkter.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Rest of World utgörs av enheterna i Bulgarien, Estland och Kina. De är lokaliserade nära stora slutmarknader och i regioner med stark produktionstradition och hög kompetens.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Sales in International Operations increased by 10% measured in Danish kroner and by 14% at CER”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Changing Diabetes ® in Children (CDiC) supports children under 25 living with type 1 diabetes in low‑ and middle‑income countries; since 2009, we have reached almost 82,000 children with life‑saving care delivered through a holistic model.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Sales in Emerging Markets increased by 3% measured in Danish kroner and by 8% at CER.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Sales in APAC increased by 19% measured in Danish kroner and by 25% at CER.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“This complements ongoing work to scale production across our global manufacturing network, with major expansions underway in Denmark, France, Brazil and China.”

Annual report 2025A · The company itself

NOVOZYMES A/SBioscience

Strategy · strengthens · strength 2/3

“we expect emerging markets to have grown relatively faster than developed markets by 2030”

Annual report 2025A · The company itself

Driver · strengthens · strength 2/3

“The strong performance was led by increased market penetration and innovation, with a strong contribution from emerging markets across Laundry and Dishwash. Growth in developed markets was driven mainly by innovation, supported by increased penetration of local and regional players.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our performance was strong across industries and markets, with particularly good traction in emerging geographies.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Looking across geographies, we expect emerging markets to have grown relatively faster than developed markets by 2030, supported by increased commercial presence and tailored homegrown solutions.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Europe, Middle East & Africa 36% North America 32% Asia Pacific 19% Latin America 13% Developed markets 64% Emerging markets 36% Group performance 2025 Pro forma 2025 Sales growth Food & Health Biosolutions Planetary Health Biosolutions Group Food & Health Biosolutions Planetary Health Biosolutions Group relating to the Feed Enzyme Alliance acquisition.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Emerging markets grew organically by 9%, including the exit from certain countries, and developed markets grew 6%.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“TRAIN TRAFFIC TO ASIA BEGINS Container train traffic to China begins in 2018 and quickly grows into regular connections from Helsinki and Kotka to several destinations.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Nurminen Logistics has maintained its readiness to quickly launch direct rail transport between China and Finland to serve the Nordic and Central European markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“NURMINEN LOGISTICS IN BRIEF Nurminen Logistics is a Finnish logistics company that provides high-quality rail transport, terminal, and multimodal solutions between Asia and Europe, the Nordic countries, and the Baltic region.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“The upcoming delivery of a mobile workover unit service with Brunei Shell Petroleum opens both an exciting geographical market and type of service, with huge potential. Commencement for workover operations in Southeast Asia in 2025 is a milestone as the first operation beyond the North Sea for Operations.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“A major milestone this year was securing a contract with Brunei Shell Petroleum Company Sendirian Berhad for the provision of a Mobile Workover Unit in Southeast Asia, supported by a subcontract with X Rig AS. This contract, set to commence in Q2 2025, has an estimated firm duration of 24 months and adds approximately USD 64 million in revenue backlog.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“We secured a major contract for workover services with Shell Brunei in Southeast Asia, opened a new sales office in Houston and added projects in Canada, Namibia and Congo to our portfolio, strengthening our presence in key regions.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“The revenue has been positively impacted by the operations in Namibia and increased activities in Kuwait and Saudi Arabia, partially offset by the non-renewal of a key contract in Norway.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Additionally, we expanded into promising new markets, including Australia, Indonesia, Canada, and Namibia, while strengthening our existing presence in mainland Europe. These efforts have supported our journey towards being a global player, with Well Services now present in 30 countries across the world.”

Annual report 2024A · The company itself

Orion OyjSector unknown

Strategy · strengthens · strength 2/3

“The three key elements in the strategy are the following: 1) Build a customer driven portfolio through our competitive businesses: • Innovative Medicines focuses on oncology and pain management, leveraging Orion’s R&D expertise in these crucial and expanding fields. • Branded Products continues building on its strength and success in Respiratory and Parkinson’s disease. • Generics and Consumer Health provides a large cost-effective generics portfolio complemented by value-added and complex generics to European hospitals and other selected markets and caters to customer needs with consumer health products with value propositions.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Orion’s growth strategy in three steps according to Orion strategic roadmap: 1) Strengthen & Expand – Strengthen European and Asia Pacific market positions. 2) Build and Invest – Build and invest into global commercial assets and capabilities. 3) Accelerate – Grow and maximise value of global assets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Orion has its own sales network in Europe and six countries in the Asia- Pacific region.”

Annual report 2025A · The company itself

Palantir TechnologiesSector unknown

Strategy · strengthens · strength 2/3

“We also created a jointly-owned entity in South Korea with HD Hyundai Co. Ltd. in December 2022 in which we have a controlling interest. We believe these arrangements offer our business strategic operational advantages within Japanese and Korean markets, but they also limit our ability to independently sell our platforms, provide certain services, engage certain customers, or compete in Japanese and Korean markets or related industry verticals, which in turn limits our opportunities for growth in Japan and Korea and, depending on the success of each respective entity, may negatively impact our results.”

Annual report 2025A · The company itself

Pandox AktiebolagSector unknown

Driver · strengthens · strength 2/3

“Det finns dock segment som ännu inte nått full återhämtning, såsom större gruppresor och internationellt resande, särskilt från regioner som Asien. Här ser vi en fortsatt positiv utveckling och förväntar oss en gradvis återhämtning under de kommande åren.””

Annual report 2024A · The company itself

PEXIP HOLDING ASASector unknown

Market · strengthens · strength 2/3

“Consolidated revenue amounted to NOK 1,118.6 million in 2024 (NOK 993.6 million in 2023), representing a 13% increase year-on-year.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Pexip serves a global market and has customers across the world with its main focus in Europe, North America and the Asia Pacific region.”

Annual report 2024A · The company itself

PfizerSector unknown

Strategy · strengthens · strength 2/3

“For example, our Accord for a Healthier World program aims to provide our full portfolio of patented and off-patent medicines and vaccines for which Pfizer holds global rights on a not-for-profit basis to 1.2 billion people living in 45 lower-income countries around the world.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Other Commercialization and Risk Statement Authorization Frameworks: On March 22, 2023, a bill amending the Tobacco Hazards Prevention and Control Act in Taiwan went into effect. It regulates heated tobacco products and bans e-cigarettes.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“The agreement covers fifteen years, to January 29, 2038, with performance-review cycles and associated commitments, based on volume, to be confirmed for each three-year period, to allow flexibility for evolving market conditions. The agreement gives PMI continued exclusive access to KT&G’s smoke-free brands and product-innovation pipeline, including offerings for low- and middle-income markets, that will enhance PMI’s existing portfolio of smoke-free products.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“In 2025, sales to a distributor in the Europe Region and a distributor in the EA, AU & PMI GTR Region each amounted to 10 percent or more of our consolidated net revenues.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“As of December 31, 2025, our four geographical segments were as follows: •Europe Region is headquartered in Lausanne, Switzerland, and covers all the European Union countries, Switzerland, the United Kingdom, and also Ukraine, Moldova and Southeast Europe; it also includes our Wellness business; •South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region ("SSEA, CIS & MEA") is headquartered in Dubai, United Arab Emirates.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Net revenues, excluding currency and acquisitions/divestitures, increased by 6.4%, mainly reflecting: a favorable price variance, predominantly driven by combustible tobacco pricing; while unfavorable cigarette mix, due to the commercial model change in Indonesia, was largely offset by higher cigarette and SFP volume.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“SSEA, CIS & MEA - Total Industry, PMI Shipment Volume and Market Share Commentaries The estimated industry volume for cigarettes and HTUs increased by 1.1% to 1,562.9 billion units.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“EA, AU & PMI GTR - Total Industry, PMI Shipment Volume and Market Share Commentaries The estimated industry volume for cigarettes and HTUs, excluding China, decreased by 1.1% to 316.4 billion units, with HTU growth more than offset by decrease in cigarettes.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The amendment particularly specifies that designated tobacco products (including heated tobacco products) that are not cigarettes, cut tobacco, cigars, snuff nor chewing tobacco, must undergo a health risk assessment as part of an authorization system. In July 2023, we filed an authorization request to commercialize IQOS in Taiwan pursuant to this Act. We have since received this authorization, which took effect on October 11, 2025.”

Annual report 2025A · The company itself

PPG IndustriesSector unknown

Strategy · strengthens · strength 2/3

“Alliances PPG has established alliances with: •Kansai Paints to serve Japanese-based automotive OEM customers in North America and Europe •Asian Paints to serve certain automotive OEM and industrial coatings customers in India Major Competitive Factors Product performance, technology, quality, technical and customer service, price, customer productivity and distribution.”

Annual report unknown yearA · The company itself

Geography · strengthens · strength 1/3

“During 2025, approximately 70% of the Company’s total net sales were recognized outside of the United States.”

Annual report unknown yearA · The company itself

Geography · strengthens · strength 1/3

“GLOBAL ARCHITECTURAL COATINGS Strategic Business Unit Products Primary Customers / End-uses Main Distribution Methods Primary Brands Architectural Coatings Latin America and Asia Pacific Paints, wood stains, adhesives, sealants and purchased sundries Painting and maintenance contractors and consumers for decoration and maintenance of residential and commercial building structures Company-owned stores, home centers and other regional or national consumer retail outlets, paint dealers, concessionaires, independent distributors and direct to consumers COMEX®, PPG®, GLIDDEN®, MERIDIAN®, POLYFORM®, RENNER®, TAUBMANS®, TIKKURILA® and WHITE KNIGHT® Architectural Coatings Europe, Middle East and Africa (EMEA) SIGMA®, HISTOR®, SEIGNEURIE®, GUITTET®, PEINTURES GAUTHIER®, RIPOLIN®, JOHNSTONE’S®, LEYLAND®, PRIMALEX®, DEKORAL®, TRILAK®, GORI®, BONDEX®, DANKE!® and TIKKURILA® Segment Overview This reportable business segment primarily supplies a variety of decorative coatings, adhesives, sealants and finishes along with paint strippers, stains and related chemicals.”

Annual report unknown yearA · The company itself

QualcommSector unknown

Input · weakens · strength 2/3

“The semiconductor manufacturing foundries that supply our products are primarily located in Asia, as are the primary warehouses where we store finished goods for fulfillment of customer orders.”

Annual report 2025A · The company itself

Raute OyjSector unknown

Driver · mixed effect · strength 2/3

“Rauten tavoitteena on kasvattaa paikallista liiketoimintaansa kehittyvillä markkina-alueilla, joissa toimimiseen liittyy mahdollisuuksien lisäksi myös kehittyville markkinoille tyypillisiä riskejä.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Rauten uuden strategian mukaiset taloudelliset tavoitteet vuodelle 2028 ovat: ● Liikevaihto 250 MEUR, sisältäen sekä orgaanisen että epäorgaanisen kasvun ● Services ja Analyzers-liiketoiminta-alueiden osuus liikevaihdosta 40 % ● Vertailukelpoinen käyttökate keskimäärin 12 % yli suhdanteen ● Omavaraisuusaste yli 40 % Rauten tavoitteena on vakaa ja kestävä osinko eri markkinatilanteissa.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Puutuoteteollisuuden markkinat ja arvoketjun loppupää Raute toimii globaalisti, ja sen merkittävimmät markkinat ovat Euroopassa, Pohjois-Amerikassa ja Aasiassa. Rauten tuotantokoneita, teknologioita ja palveluita myydään kaikkialla maailmassa.”

Annual report 2025A · The company itself

RedditSector unknown

Driver · weakens · strength 2/3

“Much of our DAUq growth to date has come from certain users who may represent lower monetization opportunities, such as users located outside the United States.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“For example, the governments of some countries, such as India and Pakistan, have passed laws and regulations restricting the distribution of content and products deemed to represent foreign or “immoral” influences.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“We see a massive opportunity to grow in geographies outside of the United States and in languages beyond English. As of December 31, 2025, machine translation is live in 35 languages and approximately one billion posts have been translated in various languages, including Spanish, French, Italian, German, Portuguese, Swedish, Dutch, and Filipino.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“During the three months ended December 31, 2025, approximately 57% of Redditors visited the platform from outside of the United States.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In addition, we plan to continue expanding our business operations outside the United States and offering content and advertising to Redditors and advertisers in other languages and countries. We plan to continue to enter new international markets where we have limited or no experience in deploying our services or selling advertisements.”

Annual report 2025A · The company itself

ResMed|Sector unknown

Driver · weakens · strength 2/3

“In Australia, China, and some other countries, there is currently limited or no reimbursement for devices that treat OSA.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We market our products in most major countries in Rest of World geographies. We have wholly owned subsidiaries in Australia, Austria, China, Czech Republic, Denmark, Finland, France, Germany, India, Ireland, Japan, Korea, Netherlands, New Zealand, Norway, Poland, Sweden, Switzerland, Taiwan, Thailand, and the United Kingdom.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We manufacture substantially all of our products outside the U.S. and sell a significant portion of our products outside the U.S. Sales in Rest of World regions accounted for approximately 37% and 36% of our net revenues in the years ended June 30, 2026 and June 30, 2025, respectively.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“In other countries, such as Australia, there is currently limited or no reimbursement for devices that treat sleep apnea conditions.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We have our primary research and development facilities, as well as office and manufacturing facilities at our owned site in Sydney, Australia.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Other facilities are in Atlanta, Georgia, Greenwood, Indiana, Moreno Valley, California, Chatsworth, California, and Calabasas, California, U.S.A.; Singapore; Johor Bahru, Malaysia; Lyon, France; Gremsdorf and Munich, Germany; and Suzhou, China.”

Annual report 2026A · The company itself

Robit OyjSector unknown

Strategy · strengthens · strength 2/3

“Yhtiö jatkoi myynnin laskun kompensoimista keskittymällä uusien kaivostoiminnan porausurakoitsijoiden asiakkuuksien voittamiseen eteläisessä Afrikassa sekä avainjakelijayhteyksien kehittämiseen erityisesti Pohjois-Amerikassa kasvun elvyttämiseksi.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Liikevaihto kasvoi Pohjois-Amerikassa ja Etelä-Afrikassa, mutta laski muilla markkina-alueilla vertailukaudesta.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Liikevaihto laski kaikissa kolmessa liiketoiminta-alueessa, ja merkittävin liikevaihdon pudotus tuli Australian markkinalta.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Liikevaihto laski kaikilla markkinaalueilla. Australiassa ja Perussa yhtiö ei uusinut tiettyjä asiakassopimuksia, ja EMEA-alueella myynti laski erityisesti Länsi-Afrikassa.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Yhtiöllä on tuotantoyksiköt Suomessa, Etelä-Koreassa ja Englannissa.”

Annual report 2025A · The company itself

Rockwell AutomationSector unknown

Strategy · strengthens · strength 2/3

“Our key priorities for inorganic investments include: •industrial AI applications; •market access in Europe and Asia; and •product portfolio expansion.”

Annual report 2025A · The company itself

ROCKWOOL A/SBuilding materials

Strategy · strengthens · strength 2/3

“In Asia, we will expand and grow our business in selected attractive markets where there is a clear demand for our premium quality offerings.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Capital expenditure reached 473 MEUR, an increase of 86 MEUR compared to 2024, slightly higher than our latest expectation due to timing of some larger investments. The largest individual investments in 2025 related to construction of the new factories in the United States and India, the new production line in Romania and the electrical conversions in the Netherlands and France as well as digitalisation initiatives.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Revenue in India, Malaysia and Japan continued the good growth, while revenue in most other markets decreased.”

Annual report 2025A · The company itself

ROVSING A/SIndustrials

Strategy · strengthens · strength 2/3

“During 2024/25, market research has been conducted into the Indian space sector as well as further research into the middle eastern space sector. Several inquiries and dialog have been conducted about potential product and system deliveries during the financial year.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Building on a stable European core, our strategy focuses on delivering sustained organic growth while expanding globally into highpotential markets in the USA, Middle East, and APAC.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We are establishing a stronger presence in the USA, Middle East, and APAC by adapting our proven offerings to local demands, forging strategic partnerships, and capitalizing on emerging opportunities in both institutional and commercial Space & Defense markets.”

Annual report 2025A · The company itself

ROYAL UNIBREW A/SConsumer goods

Market · strengthens · strength 2/3

“Our beer export to West Africa was the strongest growth driver in 2025, both for volume and net revenue. CSD export to the DACHA region (Germany, Austria, Switzerland, Hungary, and Albania), and our malt beverage business in the Americas and the Caribbean also contributed.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Growth continued to be driven primarily by Faxe beer, malt beverage brands such as Vitamalt, and CSD, with particularly strong performance from the Lemonsoda range. Our key strategic focus areas continue to be: • West Africa, where we aim to continue the strong growth momentum, expand through a strong local partner setup.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Faxe beer and Power Malt remain the leading brands for us. • ACHA region, where we continue to expand exports of our Italian CSD brand Lemonsoda, leveraging growing demand for differentiated premium soft drinks. • Premium malt beverages export to Afro-Caribbean and African ethnic consumer groups.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“DENMARK, GERMANY, FINLAND, NORWAY, SWEDEN, LATVIA, LITHUANIA, AND ESTONIA ITALY, FRANCE, THE NETHERLANDS, BELGIUM, AND LUXEMBOURG International MORE THAN 70 MARKETS IN AMERICAS AND EMEAA 11.0mhl VOLUME (on level with 2024) 5.5mhl VOLUME (up by 11�) VOLUME (up by 16%) 1,518mDKK EBIT (up by 4%) 480mDKK EBIT (up by 55%) 239 mDKK EBIT (up by 14%) 10.4bnDKK (up by 2%) 3.7bnDKK (up by 13%) (up by 7%) 14.5� (up by 0.3pp) 12.8� (up by 3.5pp) 15.5� (up by 1.0pp) → Read more: page 33 → Read more: page 35 → Read more: page 37 Financial highlights 2025 by segment”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The International segment comprises our export business outside Northern and Western Europe. In 2025, the segment accounted for 10% of the Group’s net revenue and 11% of EBIT (both in line with 2024).”

Annual report 2025A · The company itself

S&P GlobalSector unknown

Strategy · strengthens · strength 2/3

“We believe there remains significant opportunity to expand our business into major geographic and product markets (including private markets, energy expansion, supply chain intelligence, wealth, decentralized finance, and emerging markets), and we are in the process of such expansion efforts. Expansion into these markets requires significant levels of investment and attention from management. These markets may not develop as anticipated or we may not have success in these markets, in which case we may be unable to recover our investment spent to expand our business into these markets or may forgo opportunities in more lucrative markets, which could adversely impact our business, financial condition and results of operations.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Human Capital As of December 31, 2025, we had approximately 44,500 permanent employees located worldwide, including around 26,200 in Asia, 11,050 in the U.S. and Canada, 6,200 in Europe, Middle East, and Africa, and 1,050 in Latin America.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Non-transaction revenue increased primarily due to an increase in surveillance revenue and an increase in revenue at our Crisil subsidiary.”

Annual report 2025A · The company itself

SCATEC ASASector unknown

Market · strengthens · strength 2/3

“Scatec ASA (“the Company”) and its subsidiaries and investments in associated companies and joint ventures (“the Group” or “Scatec”) is a leading renewable energy solution provider, accelerating access to reliable and affordable clean energy in high growth markets.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Geographical break down of consolidated revenues and PPE Consolidated revenues by country NOK million 2024 2023 South Africa 1,829 1,073 Egypt 653 657 Ukraine 539 440 Honduras 398 232 Malaysia 374 364 Jordan 181 171 Czech Republic 129 150 Vietnam 81 95 Pakistan 74 - Property, plant and equipment by country NOK million 2024 2023 South Africa 10,110 9,554 Egypt 3,998 3,453 Malaysia 2,825 2,570 Ukraine 2,108 2,063 Honduras 1,291 1,293 Pakistan 1,227 961 Jordan 894 866 Botswana 543 11 Norway 373 475 Czech Republic 290 314 Tunisia 205 - Other 203 53 Vietnam - 422 Total 24,068 22,035 Major customers In South Africa, revenues from the Linde, Kalkbult and Dreunberg plants which commenced operations in 2013 and 2014 are earned under 20-year Power Purchase Agreements (PPAs) with Eskom Holdings (South African incumbent utility), which was awarded under the Renewable Independent Power Producer Procurement Programme (REIPPPP) administrated by the Department of Energy.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“In the Philippines, electricity is sold using bilateral contracts, in the spot market, and as ancillary services.”

Annual report 2024A · The company itself

Seafire AB (publ)Sector unknown

Input · weakens · strength 2/3

“Valutarisk Vissa dotterbolag inom koncernen gör inköp i annan valuta än SEK och ett fåtal dotterbolag har försäljning i annan valuta än SEK. Koncernens enskilt största valutaexponering utgörs av USD. Valutaexponeringen är knuten till inköp av varor och produkter som köps från Asien av Seafires dotterbolag.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Några av Seafires dotterbolag köper in produkter och komponenter från producenter i Östereuropa och Asien. Dessa geografier kan medföra en ökad risk för kränkning av mänskliga rättigheter i leverantörskedjan.”

Annual report 2024A · The company itself

Securitas ABSector unknown

Driver · strengthens · strength 2/3

“För tillväxtmarknader såsom Östeuropa, Latinamerika, Afrika, Mellan östern och Asien har tillväxttakten för bevakningstjänster bedömts uppgå till 5 procent.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Securitas har även verksamhet i Ibero-Amerika och i AMEAregionen.”

Annual report 2024A · The company itself

ServiceNowSector unknown

Strategy · strengthens · strength 2/3

“The growth of our business depends on our ability to increase our sales outside of the U.S. as a percentage of our total revenues. Additionally, operating in international markets requires significant investment and management attention and subjects us to varying regulatory, political and economic risks. We have made, and will continue to make, substantial investments in data centers, geographic-specific service delivery models, advisory councils, cloud computing infrastructure, sales, marketing, partnership arrangements, personnel and facilities in new geographic markets.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Our geographic footprint also exposes us to the relevant macroeconomic, political, legal and similar risks generally involved in doing business in the jurisdictions in which we establish lower-cost locations or joint ventures or in which our outsourcing vendors locate their operations, particularly in locations where we have a concentration of our operational activities, such as India, Poland and China.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“As of December 31, 2025, we serviced AUC/A of approximately $53.80 trillion, comprising approximately $37.42 trillion in the Americas, approximately $12.92 trillion in Europe and the Middle East and approximately $3.46 trillion in the Asia-Pacific region.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our subsidiaries involved in our investment management and securities and markets businesses are regulated by governments, securities exchanges, self-regulatory organizations, central banks and regulatory bodies in U.S. federal and state and non-U.S. jurisdictions, especially in those jurisdictions in which we maintain an office.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“•Subcustodian risks: With the exception of the United States, Canada, Germany and the United Kingdom, we maintain subcustodian State Street Corporation | 28 relationships in all jurisdictions in which our clients invest, including emerging and other underdeveloped markets, and markets subject to sanctions. Our use of unaffiliated subcustodians exposes us to operational, reputational and regulatory risk, as we are dependent upon the subcustodians in performing several of our services to clients in those markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We manage our operations and expenses across a global model, which may include migrating certain business processes and business support functions to emerging market-based geographic hub locations, such as India, Poland and China, and by outsourcing to vendors and joint ventures in various jurisdictions.”

Annual report 2025A · The company itself

Studsvik ABSector unknown

Driver · strengthens · strength 2/3

“Sedan testanläggningen för vår patenterade inDRUMteknologi stod klar under andra kvartalet har efterfrågan på vår innovativa avfallshanteringsteknologi ökat markant. Intresset från både befintliga och nya marknader har varit stort, och vi är nu involverade i flera affärs utvecklingsprojekt för att etablera inDrum globalt.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“De tekniska lösningarna licensieras, med tillhörande ingenjörstjänster, till kunder i Europa, Nordamerika och Asien, för att driva anläggningarna i kundernas egen regi.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“I februari 2024 bildade Sobi och Handok ett samägt bolag, SOBI-Handok Co., Ltd, för verksamhet inom sällsynta sjukdomar i Sydkorea. Det samägda bolaget förväntas stärka samarbetet mellan Sobi och Handok samtidigt som bolagen flyttar fram positionerna inom sällsynta sjukdomar. Sobi och Handok avser att utveckla, kommersialisera och distribuera Sobis innovativa läkemedel i Sydkorea.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Sobi har sitt huvudkontor i Stockholm, med närvaro i cirka 30 länder och levererar läkemedel till patienter i ännu fler länder.”

Annual report 2024A · The company itself

SAAB AktiebolagSector unknown

Strategy · strengthens · strength 2/3

“Utökad kapacitet för att möta en högre efterfrågan, med nya produktionsanläggningar i USA, Indien och Finland.”

Annual report 2024A · The company itself

T. Rowe PriceSector unknown

Driver · mixed effect · strength 2/3

“CURRENCY TRANSLATION RISK. Certain of our investments, including a few consolidated investment products, expose us to currency translation risk when the financial statements are translated into U.S. dollars (USD). Our most significant exposure relates to the translation of the financial statements of our equity method investment in UTI ($162.8 million at December 31, 2025). UTI's financial statements are denominated in Indian rupees (INR) and are translated to USD each reporting period.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We have offices in 17 markets around the world, including the U.S.”

Annual report 2025A · The company itself

Tecnotree OyjSector unknown

Market · strengthens · strength 2/3

“Liiketoimintaan liittyvät riskit ja epävarmuustekijät Tecnotree keskittyy tuotekehitysvetoisiin ja tuotepohjaisiin ratkaisuihin viestintä- ja digitaalipalvelujen tarjoajille kehittyvillä markkinoilla.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Kolmanneksi kehittyneiden markkinoiden kasvussa strategisten järjestelmäintegraattori - kumppanuuksien kautta, joiden avulla laajennamme markkinoillemenokykyämme Euroopassa, Pohjois- Amerikassa sekä Aasian ja Tyynenmeren alueella.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Tecnotree on historiallisesti ylläpitänyt vahvaa läsnäoloa Afrikassa, Lähi-idässä ja osissa Aasiaa.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Tecnotree raportoi IFRS 8:n mukaisina toimintasegmentteinä maantieteelliset alueet, jotka ovat Eurooppa & Amerikka (Eurooppa sekä Pohjois-, Välija Etelä-Amerikka) ja MEA & APAC (Lähi-itä ja Afrikka, Aasian ja Tyynenmeren alue).”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“De flesta av dem som inte har tillgång till banktjänster äger dock en mobiltelefon som kan hjälpa dem att få tillgång till formella finansiella tjänster. Mobila finansiella tjänster gör det möjligt att göra miljontals människor som idag har liten tillgång till finansiella tjänster till en del av den formella ekonomin och därigenom öka människors möjlighet till försörjning och omvandla hela ekonomier.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Ericsson har cirka 94 (100) tusen anställda i omkring 110 länder, varav 38 (39) tusen i Europa och Centralasien, 23 (23) tusen i Sydasien, 14 (16) tusen i Ostasien och Stillahavsområdet, 10 (11) tusen i Nordamerika, 6 (7) tusen i Latinamerika och Karibien, 2 (3) tusen i Mellanöstern och Nordafrika samt 1 (1) tusen i Afrika söder om Sahara.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Fast bredband via mobilnätet (Fixed Wireless Access, FWA) är ett exempel på ett effektivt och skalbart alternativ till fast uppkoppling och en lösning som kan gynna institutionell täckning, till exempel i skolor. En väsentlig del av nya lanseringar av 5G FWA under de senaste åren har gjorts på tillväxtmarknader.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Bolaget har cirka 94 000 anställda, och betjänar kunder i mer än 175 länder.”

Annual report 2024A · The company itself

Trelleborg ABSector unknown

Strategy · strengthens · strength 2/3

“Vi etablerar nya anläggningar i tillväxtgeografier, ökar kapaciteten och inför ny teknologi i befintliga anläggningar. Dessa satsningar syftar till att skapa en koncern med snabbare tillväxt, högre lönsamhet och minskad exponering mot cykliska svängningar.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Samtidigt är koncernens verksamhet strukturerad med en stark lokal närvaro i Europa, Nordamerika och Asien. Företagets tillverkningsanläggningar är strategiskt placerade nära kunderna, och varuflödet är regionalt, vilket utgör en fördel i ett scenario där handeln regionaliseras.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Försäljningsutvecklingen var positiv i Asien, stabil i Nordamerika men svagare i Europa.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“I Australien ökade försäljningen med 8 procent, i Indien ökade försäljningen med 17 procent och i Sydkorea var ökningen 18 procent.”

Annual report 2024A · The company itself

Troax Group AB (publ)Sector unknown

Strategy · strengthens · strength 2/3

“Försämringen av rörelsemarginalen jämfört med föregående år hänförs till lägre volymer, fortsatta investeringar i digitala lösningar som ska underlätta för våra kunder och vår säljkår, satsningar i sälj- och utvecklingspersonal i Nya Marknader och ”aktiva säkerhetslösningar” som förväntas bidra till Troax långsiktiga tillväxt, samt ökade förvärvsrelaterade avskrivningar av immateriella anläggningstillgångar från förvärv gjorda under 2023 och 2024.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Försäljning, installation och rådgivning sker till största del genom bolag i Europa, Nordamerika samt Asien.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“För marknader där vi inte har egna sälj- och servicebolag har vi ett nät av distributörer, främst i Asien och Latinamerika.”

Annual report 2024A · The company itself

Tyson FoodsSector unknown

Strategy · strengthens · strength 2/3

“Our strategy is to deliver margins in the core protein business by driving efficiencies and valuing-up offerings to better serve consumers; grow branded portfolio by innovating new occasions, categories and channels; and scale in international markets by delivering profitable value-added food offerings in high growth categories.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“International/Other primarily includes our foreign operations in China, Malaysia, Mexico, South Korea, Thailand and the Kingdom of Saudi Arabia, third-party merger and integration costs and corporate overhead related to Tyson New Ventures, LLC.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We sell certain products in foreign markets, primarily Canada, Central America, China, the European Union, the United Kingdom, Japan, Mexico, Malaysia, the Middle East, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam.”

Annual report 2025A · The company itself

VBG GROUP AB (publ)Sector unknown

Driver · strengthens · strength 2/3

“Efterfrågan på produkter och lösningar varierar stort utifrån geografi och marknad. I Asien och Sydamerika styrs efterfrågan av en stadigt ökande industriell tillverkning, medan efterfrågan på mogna marknader som Västeuropa och Nordamerika främst påverkas av ökad automatisering och effektivisering av kundernas system.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“I takt med en ökad industriell tillverkning globalt, fokuserar divisionen nu på att öka sin närvaro på tillväxtmarknader. Genom förvärvet av Rathi Transpower har divisionen produktionsanläggningar och egna lokala försäljningsresurser på plats på de viktigaste kraftöverföringsmarknaderna i Europa, Nordamerika, Sydamerika och på den starkt växande Indienmarknaden.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“En tydlig strategi framåt för divisionen är att växa på tillväxtmarknader.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Trots en generell försäljningsnedgång fortsatte vi att växa utanför Europa och Nordamerika, i enlighet med vår strategi att utöka vår geografiska spridning. I januari 2025 förvärvade vi, genom Mobile Thermal Solutions bolaget Italytec Imex Indústria e Comércio Ltda., en ledande leverantör av luftkonditioneringssystem för den brasilianska offroad-marknaden. Förvärvet är ett strategiskt steg i vår tillväxtresa som global industrikoncern och stärker vår närvaro i Brasilien och Sydamerika, i linje med vår strategi att växa i BIC-länderna.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Ringfeder Power Transmission är en global aktör, där verksamheten bedrivs utifrån egna bolag i Tyskland, Tjeckien, Polen, USA, Brasilien, Indien, Kina och Australien.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Divisionen bedriver försäljning i cirka 70 länder, där erbjudandet vänder sig till ett flertal olika kundgrupper.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Divisionen har verksamhet i samtliga världsdelar.”

Annual report 2024A · The company itself

VeraltoSector unknown

Strategy · strengthens · strength 2/3

“Since our growth strategy depends in part on our ability to further penetrate markets outside the U.S. and increase the localization of our products and services, we expect to continue to increase our sales and presence outside the U.S., particularly in the high-growth markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In 2025, Veralto generated 48% of its sales in North America, 23% of its sales in Western Europe, 2% of its sales in other developed markets and 27% of its sales in high-growth markets.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“In 2025, other revenues were $30.7 million, which included $20.6 million and $10.0 million related to upfront payments received from our agreements with Ono and Zai, respectively.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In 2025, we entered into agreements with Zai Lab Limited (“Zai”) and Ono Pharmaceuticals Co., Ltd (“Ono”) related to the development and commercialization of povetacicept in certain Asian markets. Zai licensed povetacicept for mainland China, Hong Kong SAR, Macau SAR, Taiwan region, and Singapore, while Ono licensed povetacicept for Japan and South Korea.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Outside of the U.S., patients have access to CASGEVY in Austria, Denmark, the U.K., Italy, Luxembourg, Bahrain, Saudi Arabia, the UAE, and Kuwait.”

Annual report 2025A · The company itself

VertivSector unknown

Strategy · strengthens · strength 2/3

“To further support growth in thermal management solutions, we opened a new state-of-the-art manufacturing facility and test laboratory in Pune, India in 2024. This site significantly enhances our ability to produce a broad range of cooling products — from in-row and wall-mount units to large direct expansion and free-cooling systems — while serving both domestic and global customers.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“For the year ended December 31, 2025, Vertiv’s net sales was $10,229.9, of which 62% was transacted in the Americas; 20% was transacted in Asia Pacific; and 18% was transacted in Europe, Middle East & Africa.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Table of contents Asia Pacific (Dollars in millions) $ Change % Change Net sales $ 2,019.2 $ 1,717.8 $ 301.4 17.5 % Operating profit (loss) 222.1 175.2 46.9 26.8 % Margin 11.0 % 10.2 % Asia Pacific net sales of $2,019.2 in 2025 increased $301.4, or 17.5%, from 2024. The increase in sales was primarily driven by growth throughout the region, partially offset by the negative impact of foreign currency of approximately $11.5.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Margin increased primarily driven by operational leverage, cost improvement actions, and geographical mix.”

Annual report 2025A · The company itself

Vestas Wind SystemsRenewable energy

Driver · strengthens · strength 2/3

“The offshore market segment, despite recent challenges, is expected to grow faster from a lower base. Installation growth is expected across all three regions EMEA, Americas and Asia Pacific, with key developed markets in Europe, North America and Australia accounting for approx. 60 percent of expected installations in the period from 2026 to 2030.”

Annual report 2025A · The company itself

Driver · strengthens · strength 1/3

“The increased revenue was primarily driven by Offshore projects in Power Solutions.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In Brazil, we recorded 0.8 GW of order intake compared to zero in 2024.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The vast majority of our pipeline is located in our core markets of Australia, the USA, and Brazil.”

Annual report 2025A · The company itself

VISTIN PHARMA ASASector unknown

Driver · strengthens · strength 2/3

“There is also growth in the number of people in low- and middle-income countries who get diagnosed and put on Metformin - being an efficient, cheap and safe drug treatment.”

Annual report 2024A · The company itself

Vitrolife ABSector unknown

Strategy · strengthens · strength 2/3

“Vi ökar vår direkta närvaro genom att dra nytta av försäljningssynergier Vi har som mål att öka vår direktnärvaro på marknaden genom att utnyttja sammanslag - ningen av Igenomix och Vitrolifes tidigare direktförsäljningskanaler. Ett föredömligt steg i denna riktning är internaliseringen av distribu - tionskanaler på nyckelmarknader, bland annat i Spanien och Portugal som slutfördes under andra kvartalet 2024, med möjlighet till ytterligare expansion till andra marknader som Brasilien och Indien.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Genetics: Investera i framtida tillväxt Under 2024 fortsatte affärsområdet Genetics sin resa med utvalda investeringar i laborato - riekapacitet över hela världen, som ett svar på kundernas ökande användning och efterfrågan på genetiska tester. Specifikt har vi under året öppnat två helt nya och toppmoderna labora - torier: ett i Miami för att betjäna Americas och det andra i Tokyo som ska fungera som nav för genetiska tjänster i Asien-Stillahavsregionen.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Vitrolife Group redovisar och styr sina segment i tre geografiska segment: EMEA, Americas och APAC.”

Annual report 2024A · The company itself

Workday, Inc.Sector unknown

Strategy · strengthens · strength 2/3

“The growth of our business and future prospects depends on our ability to further expand our operations and increase our sales outside of the U.S. as a percentage of our total revenues.”

Annual report 2026A · The company itself

Wärtsilä Oyj AbpSector unknown

Input · weakens · strength 2/3

“Vuoden 2024 lopussa Wärtsilällä oli 18 913 työntekijää. Markkina-alue Työsuhteisten työntekijöiden henkilömäärä Koko maailma 18 913 Eurooppa 11 532 Aasia 4 006 Amerikka 2 514 Muut 861 Laskentaperiaatteet: Wärtsilän työsuhteisten työntekijöiden tiedot raportoidaan henkilömääränä raportointikauden lopussa.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Henkilöstöstä 21% (22) työskenteli Aasiassa, 14% (13) Amerikassa ja 5% (5) muissa maissa.”

Annual report 2024A · The company itself

Yubico ABSector unknown

Strategy · strengthens · strength 2/3

“Yubico har blivit utvald att bidra aktivt till Tysklands ID-projekt, som leds av SPRIND, med målet att skapa prototyper för en universell EUID. • Singapore’s Operational Technology Cybersecurity Masterplan är ett nationellt initiativ för att stärka cybersäkerheten för landets kritiska infrastruktursystem som är beroende av operativ teknik (OT).”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Under året hade vi en ökad tillväxt i EMEA och APAC, nu 25 respektive 7 procent av nettoomsättningen med marknader som Tyskland, Storbritannien, Frankrike och Singapore som ökade betydande och knappade in på USA:s försprång.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Nordamerika och Europa är ledande regioner på marknaden, men Asien och Stillahavsområdet växer snabbt tack vare digitalisering och ökade investeringar i cybersäkerhet.”

Annual report 2024A · The company itself

ZALARIS ASASector unknown

Strategy · strengthens · strength 2/3

“Key targets for 2025 include further automation of our delivery processes and improved use of our nearand offshore delivery centres in Latvia, Poland and India. Industry and market research reports indicate sustained growth in Zalaris’ key markets for multi-country payroll and HR outsourcing.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Whilst the Company previously established its own subsidiaries in new countries, an important revised expansion strategy has been implemented using in-country partners, deploying Zalaris’ PeopleHub solution. This secures low risk profitable global geographic expansion, even for low and moderately sized employee volumes.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Zalaris operates throughout Europe and the Asia Pacific, providing solutions and services to clients in over 100 countries worldwide through a unique international delivery model whilst maintaining locally based support for clients with local requirements.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Countries where Zalaris have offices Countries where Zalaris are represented via their clients Global delivery capabilities Locations From our 28 offices located in 17 countries we are able to provide our services to more than 150 countries all over the world. Countries we are based in: Norway Sweden Denmark Finland Spain France Ireland UK Germany Countries where Zalaris are located Locations of offices Latvia Poland Hungary Czechia India Singapore Philippines Australia Local Presence, One Global Platform Equipped with state-of-the-art automation, innovation and security, Zalaris PeopleHub is a complete HR platform to simplify HR administration for everyone.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“In 2024, APAC generated revenue of NOK 48.2 million, an increase of 135% compared to NOK 20.5 million the previous year. The operating profit was negative NOK 0.2 million, a significant improvement from negative NOK 7.4 million in 2023.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Sales Activities All Zalaris offices/locations with major hubs being UKI, Germany, Poland, Northern Europe, APAC (AU, SG, PH).”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Characteristics of the company’s employees [S1-6] During 2024, Zalaris had an average 1134 employees across 13 countries, representing over 30 nationalities.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Geographic information The Company is delivering services to its subsidiaries in different countries in the Nordic, Baltic and Poland, Germany, UK, Ireland and Asia, and information regarding revenue based on geography is provided below.”

Annual report 2024A · The company itself

ØrstedRenewable energy

Strategy · strengthens · strength 2/3

“Applying a focused and disciplined approach to capital allocation guided by a value-over-volume principle To ensure a focused and disciplined capital allocation, we will mainly focus on offshore wind in Europe and select markets in APAC. As part of these efforts, we will move towards a more flexible partnership and financing approach to ensure value creation and risk diversification.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“We’re focusing on offshore wind in Europe and select markets in APAC where we’ll continue to build on our position as the global leader in offshore wind.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Geographically, we will concentrate on our core European markets (the United Kingdom, Ireland, the Netherlands, Germany, Poland, and Denmark), continue to grow and operate in APAC (Taiwan, Our strategy Korea, and Australia), and maintain our presence in the United States.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In APAC, offshore wind development is progressing at varying speeds, but the long-term growth outlook remains strong, with a capacity growth of >30 GW expected towards 2035 (excl. China). Taiwan has advanced its round 3 framework, reinforcing its role as a leading APAC offshore market with clear visibility on build-out into the 2030s.”

Annual report 2025A · The company itself

A.P. MØLLER - MÆRSK A/STransport & logistics

Geography · strengthens · strength 1/3

“Landmark openings included the warehouse in Shanghai’s Lin-gang Pilot Free Trade Zone, the Mega Distribution Centre in Kuala Lumpur and new hubs in France, Senegal, Saudi Arabia, South Africa, Panama, Peru and the US.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Meanwhile, the Asia Pacific region remains the main driver of global contract logistics growth, with 7.3% year-on-year growth in 2025, supported by a strong economy, healthy levels of consumption and further gains in the outsourcing logistics sphere.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Volume grew by 8.9% supported by strong demand across all portfolios, mostly in the Americas and Europe.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In Africa, volume increased by 6.9%, driven by Apapa and Onne, Nigeria, and Monrovia, Liberia. Utilisation increased by 9.2 percentage points to 74% (64%).”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Additionally, the integration of new logistics hubs in Rotterdam, Netherlands, and Dakar, Senegal, and the logistics park in Jeddah, Saudi Arabia, strengthened supply chain capabilities and reinforced the company’s market position.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The Rijeka Gateway terminal, Croatia, has officially launched operations this year. APM Terminals Callao, Peru, has reached a major milestone with the completion of Stage 3A of the North Terminal modernisation. In Bangladesh, APM Terminals and QNS Container Services signed a 30-year concession to develop the Laldia Container Terminal.”

Annual report 2025A · The company itself

ABL GROUP ASASector unknown

Geography · strengthens · strength 1/3

“In total, ABL has supported 113 rig moves offshore India as Tow Master / MWS within this season from September 2023 to May 2024. The combined total distance travelled for all rigs was 5,477 nautical miles.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“ABL to Provide Marine Warranty Survey for Romania’s Neptun Deep Project Deepwater Drilling Operations on Track in West-Africa AGR is providing well management consultancy for the exploration well – the Atum-1X deepwater well, off the coast of Guinea-Bissau, West Africa.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“OWC has an established foothold in UK and South Africa and other key regions with a diverse technology mix with the aim to continue to serve our clients well and support their energy transition to net-zero.”

Annual report 2024A · The company itself

AccentureSector unknown

Geography · strengthens · strength 1/3

“Fiscal 2025 Highlights We serve clients and manage our business through three geographic markets: Americas, EMEA (Europe, Middle East and Africa) and Asia Pacific. These markets bring together all of our Reinvention Services with both local and global talent and solutions.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“While our delivery centers are located throughout the world, we have based large portions of our delivery capability in India and the Philippines, where we have the largest and second largest number of our people located, respectively. In addition, certain of our clients and markets are primarily supported by individual delivery centers.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We serve clients in three geographic markets: the Americas, EMEA (Europe, Middle East and Africa) and Asia Pacific.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Revenue growth was driven by the United Kingdom and Germany, partially offset by a decline in France. •Asia Pacific revenues increased 4% in local currency, led by growth in Utilities, Banking & Capital Markets, Public Service and Insurance, partially offset by a decline in Chemicals & Natural Resources.”

Annual report 2025A · The company itself

Adobe Inc.Sector unknown

Geography · strengthens · strength 1/3

“Geographical Information (dollars in millions) 2025 2024 2023 % Change 2025-2024 Americas $ 14,120 $ 12,891 $ 11,654 10 % % Percentage of total revenue 59 % % 60 % % 60 % % EMEA 6,289 5,554 4,881 13 % % Percentage of total revenue 27 % % 26 % % 25 % % APAC 3,360 3,060 2,874 10 % % Percentage of total revenue 14 % % 14 % % 15 % % Total revenue $ 23,769 $ 21,505 $ 19,409 11 % % Overall revenue during fiscal 2025 increased in all geographic regions as compared to fiscal 2024.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We rely on third-party wafer foundries in the United States, Europe and Asia. Nearly all product assembly and final testing of our products is performed at third-party operated manufacturing facilities, in China, Malaysia and Taiwan.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“International sales, as a percent of net revenue, were 67% for the year ended December 27, 2025.”

Annual report 2025A · The company itself

AES CorporationSector unknown

Geography · strengthens · strength 1/3

“AES Jordan Business Description — In Jordan, AES has a 36% controlling interest in a 48 MW solar plant fully contracted with the national utility under a 20-year PPA expiring in 2039. We consolidate the results of this business as we have a controlling interest.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“AES El Salvador's territory covers 77% of the country and accounted for 4,744 GWh of the market energy sales during 2025.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“This segment comprises generation facilities using natural gas, LNG, coal, pet coke, diesel, and/or oil, in nine countries — Vietnam, the United States, Argentina, Chile, Bulgaria, Mexico, Jordan, Panama, and the Dominican Republic.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“AES Vietnam Business Description — Mong Duong 2 is a 1,242 MW gross coal-fired plant located in the Quang Ninh Province of Vietnam and was constructed under a BOT service concession agreement expiring in 2040.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Key Financial Drivers — Financial results are driven by many factors, including, but not limited to: •regulatory changes in the Bulgarian power market; •results of the DG Comp review; •availability and load factor of the operating units; and •NEK's ability to meet the payment terms of the PPA contract with Maritza.”

Annual report 2025A · The company itself

Afarak Group SESector unknown

Geography · strengthens · strength 1/3

“Site-specific requirements Responsibility for the use of water and marine resources lies with the Group's sites in Germany, Turkey and South Africa. These operate independently in order to take account of the varying legal conditions and environmental protection requirements in the individual countries.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The mining operations at TMS remained consistent, with a 11.2% increase over last year.”

Annual report 2025A · The company itself

AFRY ABSector unknown

Geography · strengthens · strength 1/3

“Geografiskt sett har AFRY en stark position i Norden och ledande positioner inom globala segment med projekt i fler än 100 länder.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Division Energy stark position i Norden, Centraleuropa och med en ökande tillväxt i Sydostasien.”

Annual report 2024A · The company itself

AGILYX ASASector unknown

Geography · strengthens · strength 1/3

“We are also excited to have achieved the start of operations at Toyo Styrene's (a member of the Denka group) facility in Japan. This facility showcases the latest generation of Styrenyx technology, highlighting our progress in scaling solutions for the circular economy.”

Annual report 2024A · The company itself

Air ProductsSector unknown

Geography · strengthens · strength 1/3

“In fiscal year 2025, approximately 60% of our sales were derived from customers outside the United States and many of our operations, suppliers, customers, and employees are located outside the United States.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Certain of our larger and more complex projects are located in markets outside the United States, such as China, India, the Middle East, and Uzbekistan, including in locations where there is the potential for significant economic and political disruptions. We are actively investing large amounts of capital and other resources, in some cases through joint ventures, in developing markets, which we believe to have high growth potential. Our operations in these markets may be subject to greater risks than those faced by our operations in mature economies, including political and economic instability, project delay or abandonment due to unanticipated government actions, inadequate investment in infrastructure, undeveloped property rights and legal systems, unfamiliar regulatory environments, relationships with local partners, language and cultural differences and increased difficulty recruiting, training and retaining qualified employees.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Prior to the divestiture, the subsidiary contributed annual sales of approximately $50 to our Asia segment.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Table of Contents Asia GAAP Measures Sales $3,271.0 $3,224.3 $46.7 1% Operating income 851.1 859.2 (8.1) (1%) Operating margin 26.0 % 26.6 % (60 bp) Equity affiliates’ income $42.3 $32.9 $9.4 29% Non-GAAP Measure Adjusted EBITDA 1,412.3 1,363.1 49.2 4% The table below summarizes the major factors that impacted sales in the Asia segment for the periods presented: Volume — % Price (1 %) Energy cost pass-through to customers 2 % Currency — % Total Asia Sales Change 1 % Sales of $3.3 billion increased 1%, or $46.7, as higher energy cost pass-through to customers of 2% was partially offset by lower pricing of 1%.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“GAAP Measures Sales $135.9 $134.4 $1.5 1 % Operating income 9.6 5.9 3.7 63 % Equity affiliates’ income 340.9 347.5 (6.6) (2 %) Non-GAAP Measure Adjusted EBITDA 376.4 380.0 (3.6) (1 %) Sales of $135.9 increased 1%, or $1.5, primarily due to higher volumes.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Equity affiliates’ income of $157.0 decreased 1%, or $1.8, driven by our share of income from an asset sale in the prior year, partially offset by higher income from an affiliate in Mexico.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Additionally, we have made significant progress on the construction of several energy transition projects, including the NEOM Green Hydrogen Project, which we expect to come onstream and deliver green ammonia in 2027.”

Annual report 2025A · The company itself

AirbnbSector unknown

Geography · strengthens · strength 1/3

“We operate a global marketplace connecting guests with stays, experiences, and services, collectively in over 220 countries and regions.”

Annual report 2025A · The company itself

Akamai TechnologiesSector unknown

Driver · weakens · strength 1/3

“Enactment and expansion of such laws and regulations would negatively impact our revenues. For example, restrictions were adopted in India in 2020 prohibiting access to identified Chinese-owned applications which caused a reduction in revenue to us.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“A significant portion of our hiring, new customers and revenue growth in recent years has been attributable to our business outside the U.S.”

Annual report 2025A · The company itself

AKER ASASector unknown

Geography · strengthens · strength 1/3

“Solstad-selskapene leverer avanserte fartøy til globale offshore energimarkeder, med fokus på Brasil, Nordsjøen, Sørøst-Asia, Australia og Vest -Afrika.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Cognite har hovedkontor i USA og kontorer i Japan, Norge og India.”

Annual report 2024A · The company itself

Albemarle CorporationSector unknown

Geography · strengthens · strength 1/3

“We conduct a substantial portion of our business outside the U.S., with approximately 83% of our net sales to foreign countries.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We operate in, and/or sell our products to customers in, approximately 70 countries.”

Annual report 2025A · The company itself

Align TechnologySector unknown

Geography · strengthens · strength 1/3

“The iTero Element 5D imaging system is available in the United States, Canada, China, and the majority of EMEA and select APAC and LATAM countries and is pending regulatory approval in others.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“As of December 31, 2025, the significant facilities occupied were as follows: Location Lease/Own Primary Use Tempe, Arizona, U.S.A. Lease Office for corporate headquarters San Jose, California, U.S.A. Own Office for research & development and administrative personnel Raleigh, North Carolina, U.S.A. Own Office for Americas regional headquarters Belen, Heredia, Costa Rica Own Office for administrative personnel, treatment personnel, and customer care La Lima, Cartago, Costa Rica Own Office for administrative personnel, treatment personnel, and customer care Wroclaw, Poland Lease and Own Manufacturing and office for treatment and administrative personnel Petah Tikva, Israel Lease and Own Manufacturing and office for research & development and administrative personnel Rotkreuz, Switzerland Lease Office for EMEA regional headquarters Juarez, Mexico Own Manufacturing and office for administrative personnel Guoco Midtown, Singapore Lease Office for APAC regional headquarters Ziyang, China Own Manufacturing and office for administrative personnel We believe our existing facilities are in good operating condition and are suitable for the conduct of our business.”

Annual report 2025A · The company itself

AllegionSector unknown

Geography · strengthens · strength 1/3

“We sell a wide range of security and access control solutions for end-users in commercial, institutional and residential facilities worldwide, including education, healthcare, government, hospitality, retail, commercial office and single and multi-family residential markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“International revenues accounted for approximately 52% of consolidated revenues in 2025.”

Annual report 2025A · The company itself

AmbuMedical devices

Geography · strengthens · strength 1/3

“Ballerup, Denmark Noblesville, USA Our global footprint includes three key innova- Augsburg, Germany tion centers in Denmark, Germany, and Malaysia, and four manufacturing sites located in the U.S., Mexico, Malaysia, and China. This global set-up supports scalability, resilience, fast execution, and reliable delivery, even as external market conditions evolve.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We work with a broad network of suppliers across key geographies, including Europe, North America, and Asia. A significant portion of our procurement spend and supplier relationships is concentrated in these regions.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Ambu’s business model relies on sustainable operations across our production sites, sales offices, headquarters, and innovation centers in Europe, North America, and Asia.”

Annual report 2025A · The company itself

AmcorSector unknown

Geography · strengthens · strength 1/3

“In fiscal year 2026, approximately 81% of our sales revenue came from developed markets and 19% came from emerging markets.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“The breakdown of our manufacturing and support facilities at June 30, 2026, was as follows: Global Flexible Packaging Solutions Segment This segment has approximately 190 manufacturing and support facilities located in 33 countries, of which approximately 75% are owned directly by us and approximately 25% are leased from outside parties.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Global Rigid Packaging Solutions Segment This segment has approximately 210 manufacturing and support facilities located in 33 countries, of which approximately 60% are owned directly by us and approximately 40% are leased from outside parties.”

Annual report 2026A · The company itself

American ExpressSector unknown

Geography · strengthens · strength 1/3

“Jurisdictions that represent a significant portion of our billed business include the United States, the United Kingdom, the European Union, Australia, Japan, Canada and Mexico.”

Annual report 2025A · The company itself

Ameriprise FinancialSector unknown

Geography · strengthens · strength 1/3

“Investment Management Capabilities and Products Our investment management business has a presence in 16 key markets globally, including France, Germany, Luxembourg, the Netherlands, Singapore, the U.K. and the U.S.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We have expanded beyond our traditional strengths in the U.S. and the United Kingdom (“U.K.”) to serve more clients and gather assets worldwide.”

Annual report 2025A · The company itself

AmetekSector unknown

Geography · strengthens · strength 1/3

“AMETEK has experienced significant growth outside the United States, reflecting an expanding international customer base, investments in its global infrastructure and the attractive growth potential of its businesses in overseas markets. While Europe remains its largest overseas market, AMETEK has pursued growth opportunities worldwide, especially in key emerging markets. It has grown sales in Latin America, Middle East and Asia by driving its global and market expansion strategy and initiatives.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Outside of the U.S., our subsidiaries and the funds that we manage, including Apollo Management International LLP, Apollo Credit Management International Limited, Apollo Asset Management Europe LLP, Apollo Investment Management Europe LLP, Apollo Investment Management Europe (Luxembourg) S.à r.l., Apollo Capital Solutions Europe B.V., Apollo Advisors (Mauritius) Ltd, AION Capital Management Limited, Apollo Management Singapore Pte. Ltd., Apollo Management Asia Pacific Limited and Apollo Management Japan Limited, are subject to regulation in the European Union, the Abu Dhabi Global Market, the U.K., India, Mauritius, Singapore, Australia, Hong Kong and Japan.”

Annual report 2025A · The company itself

Apple Inc.Sector unknown

Geography · strengthens · strength 1/3

“A significant majority of the Company’s manufacturing is performed in whole or in part by outsourcing partners located primarily in China mainland, India, Japan, South Korea, Taiwan and Vietnam, in addition to sourcing from partners and facilities located in the U.S.”

Annual report 2025A · The company itself

Applied MaterialsSector unknown

Geography · strengthens · strength 1/3

“We utilize a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries, including United States, Singapore, Japan, China, Korea, Taiwan, Israel and other countries in Asia and Europe.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our product development and engineering, and process support are performed primarily in the United States, India and Israel. Our customer demonstrations are performed primarily in the United States, China, Taiwan, Israel and South Korea.”

Annual report 2025A · The company itself

AppLovinSector unknown

Geography · strengthens · strength 1/3

“Our international operations are subject to increased challenges and risks. We expect to continue to expand our international operations in the future.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Samtidig videreutvikles og markedsføres både kosmetiske ingredienser og ferdige hudpleieprodukter til forbrukere og profesjonelle brukere globalt.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Cosmed er distributør av hudpleiemerket Ekseption som er et av de raskest voksende hudpleiemerkene i verden.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Beyond the United States, the Company has significant operations in both developed areas and emerging market areas.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Geographically, Europe represented the largest market with 71% of total sales while North America contributed about 26% and Asia Pacific about 2.7%.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“The Asia Pacific region was the only geographical area exhibiting sales growth on an annual basis (+33%) and constituted the majority of the remaining sales for this segment. India (3.8% of total sales) and China (3.7% of total sales) were the main contributors from the APAC region.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“As ArcticZymes is a global supplier of enzymes, most of the sales and marketing team are located remotely in Central Europe, North-America and Japan.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“ArcticZymes has local business development and customer support representatives in Europe, North America, Japan, and China to assist with global business coverage.”

Annual report 2024A · The company itself

Arista NetworksSector unknown

Geography · strengthens · strength 1/3

“As we continue to expand globally, we have seen and continue to see new competition in different geographic regions.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our ability to grow our business and our future success will depend to a significant extent on our ability to expand our operations and customer base worldwide.”

Annual report 2025A · The company itself

Arjo AB (publ)Sector unknown

Geography · strengthens · strength 1/3

“Arjos segment Global Sales består av samtliga marknader utanför Nordamerika och inkluderar således Europa, Asien, Latinamerika, Afrika och Oceanien.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Arjos försäljning sker via egna bolag och distributörer till kunder i över 100 länder.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Our substantial operations outside the U.S. expose us to risks different than those we face in the U.S. In 2025, we generated approximately 33% of our combined brokerage and risk management revenues outside the U.S.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The Company provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.”

Annual report 2025A · The company itself

Ascelia Pharma ABSector unknown

Geography · strengthens · strength 1/3

“Europa Japan Övriga länder USA “ Vår kommersialiseringsstrategi är att lansera med partners med ambitionen att säkerställa den optimala balansen mellan framtida intäkter och investeringsbehov.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Vid diagnos i ett sent skede är magcancer vanligtvis inte möjlig att operera och/eller metastaserad. Incidensen är högre i Asien, vilket exemplifieras av Japan där incidensen är fem gånger högre än i USA och Europa.”

Annual report 2024A · The company itself

Aspo OyjSector unknown

Geography · strengthens · strength 1/3

“Telko operates in 18 countries, mainly in Europe and in some parts of Asia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Other important markets are Central Asia and China.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In 2025, operations were expanded to India.”

Annual report 2025A · The company itself

AssurantSector unknown

Geography · strengthens · strength 1/3

“The increase in Adjusted EBITDA was partially offset by a $7.0 million non-run rate inventory adjustment recorded for U.S. mobile during the fourth quarter of 2025 and the unfavorable impact of foreign exchange.”

Annual report 2025A · The company itself

ASTRAZENECA PLCSector unknown

Geography · strengthens · strength 1/3

“Product Sales rose in Emerging Markets by 11% (CER: 13%) to $15.1 billion and in Europe by 11% (CER: 7%) to $12.0 billion, with Oncology and Farxiga driving the increases in both regions.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In Established Rest of World markets, there was growth of 3% (CER: 3%) to $5.1 billion due to growth in Oncology.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Under Mr Soriot’s leadership, AstraZeneca delivered more medicines to patients around the world in 2025 than ever before, reflected in Total Revenue for the year increasing by 9% to $58.7 billion. Under Mr Soriot’s leadership in 2025, significant progress has been made with transformative modalities which will drive Ambition 2030.”

Annual report 2025A · The company itself

ATEA ASASector unknown

Geography · strengthens · strength 1/3

“Most of Atea’s suppliers are in Asia, where the RCP8.5 scenario predicts more flooding and heatwaves. These events threaten infrastructure, potentially reducing production.”

Annual report 2024A · The company itself

ATLANTIC SAPPHIRE ASASector unknown

Geography · strengthens · strength 1/3

“Salmon Market Outlook US consumption of fresh, farmed Atlantic salmon continues to increase higher than the single-digit global supply growth of farmed Atlantic salmon, highlighting the relative attractiveness of the US salmon market. With the Group’s offtake focused on the North American market, it is ideally positioned to take advantage of the strong growth in demand that is expected to continue, while also offering a product with a lower carbon footprint and lower logistical cost thanks to the avoidance of airfreight.”

Annual report 2024A · The company itself

AUSTEVOLL SEAFOOD ASASector unknown

Geography · strengthens · strength 1/3

“Austral Group S.A.A. - Peru Austral Group S.A.A. (Austral) is a Peruvian public company listed on the Peru Stock Exchange.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“FoodCorp Chile S.A. - Chile FoodCorp Chile S.A. (FC) is a Chilean private company within the pelagic sector.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“In 2022, AutoStore demonstrated the resilience of its business model, reaching 1,150+ systems sold to over 800 unique customers across 49 countries, with ~52,000 Robots presenting an incredible 5.3 billion Bins.”

Annual report 2022A · The company itself

Geography · strengthens · strength 1/3

“The breakdown of AutoStore’s revenue in 2022 shows that 59.1% stems from the EMEA region, 31.4% from NAM and 9.5% from APAC.”

Annual report 2022A · The company itself

Geography · strengthens · strength 1/3

“– Expanding in APAC and North America: AutoStore achieved 146% year-on-year revenue growth in APAC and reached over 100 systems sold in total in 2022.”

Annual report 2022A · The company itself

Geography · strengthens · strength 1/3

“Revenues in the Europe, Middle East and Africa (EMEA) region increased from USD 209.3 million in 2021 to USD 344.8 million in 2022, equating to annual growth of 64.8%. The group continued to expand in North America, improving revenues to USD 183.1 million (2021: USD 95.7 million), corresponding to year-on-year growth of 91.3%. Revenues in the Asia-Pacific (APAC) region grew by 146% to USD 55.6 million, from USD 22.6 million in 2021.”

Annual report 2022A · The company itself

Geography · strengthens · strength 1/3

“To support the group’s rapid growth and the increasing demand for AutoStore products and services across all regions, Element Logic – the first AutoStore distribution partner – has been made a global partner. This gives Element Logic the right to sell and implement AutoStore systems all over the world. AutoStore also expanded the distribution reach of its partners StrongPoint (from the Nordics and Baltics to include the UK and Ireland), Fives Group (from southern Europe to include Japan), and SmartLog (added Middle East and Latin America).”

Annual report 2022A · The company itself

AutoZoneSector unknown

Geography · strengthens · strength 1/3

“The various risks we face in our U.S. operations generally also exist when conducting operations in and sourcing products and materials from outside of the U.S. There are also challenges inherent in establishing and managing international operations, in addition to the specific costs, risks and difficulties unique to that market. For example, the sale and distribution of parts and products in Mexico and Brazil requires the ability to adapt our merchandising and marketing strategies to account for, among other things, different vehicles in operation in local markets and different consumer behaviors with respect to aftermarket automotive repair.”

Annual report 2025A · The company itself

Avery DennisonSector unknown

Geography · strengthens · strength 1/3

“Human Capital Resources Our Global Workforce With approximately 69% of our 2025 net sales originating outside the U.S. and approximately 40% of our net sales originating in emerging markets (Latin America, Eastern Europe, Middle East/Northern Africa, and most countries in Asia Pacific), our employees are located in more than 50 countries to best serve our customers.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Nearly 20,000 of our approximately 35,000 employees at year-end 2025, representing approximately 58% of our global workforce, were in Asia Pacific, serving our customers in that region.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our strategy includes continuing to grow in emerging markets, which exposes us to less stable geopolitical conditions, civil unrest, economic volatility, and other risks applicable to operating in these regions. Approximately 40% of our net sales in 2025 originated in emerging markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In 2025, international operations constituted a substantial majority of our business, representing approximately 69% of our net sales.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Approximately 83% of our employees at year-end 2025 were located outside the U.S. and approximately 67% were located in emerging markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In 2025, we opened our first RFID inlay and label production site in India.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Additionally, in recent years, we expanded our Materials Group’s manufacturing capabilities in Brazil, France, India, China and Ohio; moved our Solutions Group’s Vietnam business into a new, expanded facility; and made additional investments in both capacity and business development globally for our Intelligent Labels platform.”

Annual report 2025A · The company itself

Axon EnterpriseSector unknown

Geography · strengthens · strength 1/3

“Our international operations expose us to additional risks that could harm our business prospects, operating results and financial condition. We have significant international operations and plan to continue growing internationally by acquiring existing entities and establishing new legal entities in additional markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“B3 har under 2024 även växt genom B3 Polen som nu är en del av koncernen. I Polen har vi sett en stark tillväxt ända sedan bolaget bildades som ett joint venture till B3 2018.”

Annual report 2024A · The company itself

Ball CorporationSector unknown

Geography · strengthens · strength 1/3

“Beverage Packaging, Other ​ Our aluminum beverage packaging operations in the beverage packaging, other, segment consist of three facilities – two in India and one in Myanmar.”

Annual report 2025A · The company itself

BANG & OLUFSEN A/SConsumer goods

Geography · strengthens · strength 1/3

“APAC DKK 731m Revenue +8.7%”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“In APAC, we introduced the Culture Store concept in China through the upgrade of our Shenzhen store in January 2026, as part of a broader upgrade of the store network in the market. Our Beijing SKP store was subsequently upgraded to the concept, with our Shanghai store following in June 2026 after financial year-end. In Singapore, we relocated and upgraded our store to the Culture Store concept in May 2026, marking the introduction of the concept in the market.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“In terms of product categories, double-digit sell-out growth was reported across all categories in APAC.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“185BRevenue Revenue in APAC was DKK 208m (Q4 2024/25: DKK 182m) and grew by 14.3% year-on-year (15.5% in local currencies) driven by growth across most markets. All channels reported growth, with branded channels and eTail reporting double-digit growth. revenue and grew by 18.3% in local currencies (20.2% in reported revenue).”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Revenue by segment, DKKm Revenue by category, DKKm Sell-out grew by 11% compared to Q4 of last year and growth was reported across regions.”

Annual report 2026A · The company itself

Baxter InternationalSector unknown

Driver · strengthens · strength 1/3

“Drug Compounding net sales increased 10% for the year ended December 31, 2025, as compared to the prior year period, driven by improved product mix and increased demand for our international pharmacy compounding offerings.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our global footprint and the critical nature of our products and services, which are sold in over 100 countries as of December 31, 2025, play a key role in expanding access to healthcare in emerging and developed countries.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“International sales totaled $5.12 billion in 2025, an increase of 7% compared to 2024 on a reported basis and 5% on an operational sales basis.”

Annual report 2025A · The company itself

Becton DickinsonSector unknown

Geography · strengthens · strength 1/3

“A substantial amount of our sales come from our operations outside the U.S., and we intend to continue to pursue growth opportunities in new and existing foreign markets.”

Annual report 2025A · The company itself

Beijer Alma ABSector unknown

Geography · strengthens · strength 1/3

“Verksamhet i Asien kom tillbaka på ett bra sätt efter några tuffa år.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Webbshopen rullas ut i flera steg, med början i Sverige för att fortsätta i Europa, USA och Asien.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Merparten av produkterna säljs i Europa, men företaget exporterar också till marknader som Japan och Nordamerika.”

Annual report 2024A · The company itself

Best BuySector unknown

Geography · strengthens · strength 1/3

“While we directly import approximately 1% to 3% of our overall assortment, our global supply chain for consumer electronics is heavily reliant on vendor imports from foreign countries (including products sourced from China, Mexico and Southeast Asia).”

Annual report 2026A · The company itself

Betsson ABSector unknown

Geography · strengthens · strength 1/3

“Global närvaro med lokalt fokus Betssons tillväxt genereras globalt genom expansion på nya marknader och drivs av ett attraktivt erbjudande.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“The continued growth of recurring revenues, driven by the expansion of revenue share across both North America and South America, supports a more predictable and resilient business model.”

Annual report 2025A · The company itself

BHG Group ABSector unknown

Geography · strengthens · strength 1/3

“Premium Living har en premiumposition baserad främst på lagerläggning av externa varumärken som på ett skalbart sätt tillgängliggör skandinavisk design på internationella marknader från sin nordiska bas. Från att fram till och med 2018 i princip uteslutande fokuserat på de nordiska marknaderna har affärsområdet framgångsrikt etablerat en snabbt växande närvaro på den europeiska marknaden samt på vissa asiatiska marknader. Försäljning till kunder från länder utanför Norden utgjorde under året 41 % av Premium Livings omsättning.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“HÅLLBARA LEVERANTÖRSKEDJOR Säkerställa hållbara och etiska leverantörskedjor och upprätthålla en hög produktsäkerhet och kvalitet BHG har ingen egen produktion utan köper huvudsakligen produkter direkt från affärspartners, leverantörer eller via agenter i Norden, Östeuropa och Asien.”

Annual report 2024A · The company itself

BioArctic ABSector unknown

Geography · strengthens · strength 1/3

“Försäljningen av Leqembi genererade 230,4 MSEK i royalty för BioArctic under 2024. Under året var de främsta geografiska marknaderna USA, Japan och Kina.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Försäljningen av lecanemab genererar royalty för BioArctic och totalt intäktfördes 230,4 MSEK (10,2) i royalty under 2024.”

Annual report 2024A · The company itself

BiogenSector unknown

Geography · strengthens · strength 1/3

“Europe(1) Germany Asia Other Total Product revenue from external customers $ 3,141.4 $ 2,127.4 $ 868.0 $ 649.4 $ 460.5 $ 7,246.7 Revenue from anti-CD20 therapeutic programs 1,618.5 0.4 — — 70.7 1,689.6 Contract manufacturing, royalty and other revenue 673.6 11.7 — 214.0 — 899.3 Long-lived assets 1,443.0 2,248.0 17.5 8.3 12.9 3,729.7 (1) Represents amounts related to Europe less those attributable to Germany.”

Annual report 2025A · The company itself

Biohit OyjSector unknown

Geography · strengthens · strength 1/3

“The regional focus remained in Asia, but sales have also developed positively elsewhere.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“ROW NGAL revenue totaled DKK 5.5 million, which is a decrease of 35% of which DKK 2.4 million in 2024 was sales through distributors.”

Annual report 2025A · The company itself

BlackRockSector unknown

Geography · strengthens · strength 1/3

“Asia-Pacific Asia-Pacific net outflows of $62 billion were driven by equity and fixed income net outflows of $38 billion and $35 billion, respectively, largely driven by the impact of a single client's partial redemption from lower-fee institutional index. These were partially offset by cash, liquid alternatives, and private markets net inflows of $4 billion, $3 billion, and $2 billion, respectively.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Asia-Pacific represented 7% of total AUM and 5% of total base fees and securities lending revenue for 2025.”

Annual report 2025A · The company itself

Blackstone Inc.Sector unknown

Geography · strengthens · strength 1/3

“Our Real Estate business operates as one globally integrated business with approximately 785 employees and has investments across the globe, including in the Americas, Europe and Asia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Many of our investment funds invest a significant portion of their assets in the equity, debt, loans or other securities of issuers located outside the United States. International investments have increased and we expect will continue to increase as a proportion of certain of our funds’ portfolios in the future.”

Annual report 2025A · The company itself

Block, Inc.Sector unknown

Geography · strengthens · strength 1/3

“For instance, we hold an Australian Financial Services License issued by the Australian Securities and Investments Commission to provide non-cash payments in Australia, and we are licensed as an Electronic Money Institution to provide payments services and electronic money in the United Kingdom by the Financial Conduct Authority and in the European Union by the Central Bank of Ireland.”

Annual report 2025A · The company itself

BNY MellonSector unknown

Geography · strengthens · strength 1/3

“31, 2025, approximately 60% of our total employees (full-time and part-time employees) were based outside the U.S., with approximately 10,100 employees in Europe, the Middle East and Africa (“EMEA”), approximately 18,000 employees in the Asia-Pacific region (“APAC”) and approximately 700 employees in other global locations, primarily Brazil.”

Annual report 2025A · The company itself

Booking HoldingsSector unknown

Geography · strengthens · strength 1/3

“Agoda is a leading online accommodation reservation service catering primarily to consumers in the Asia-Pacific region, with headquarters in Singapore.”

Annual report 2025A · The company itself

BORREGAARD ASASector unknown

Geography · strengthens · strength 1/3

“FINANCIALS SUSTAINABILITY BOD REPORT 11 REPORT OF THE BOARD OF DIRECTORS FINANCIAL PERFORMANCE Borregaard’s operating revenues increased to NOK 7,617 million (NOK 7,132 million) 2 in 2024.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Borregaard is now increasing its market presence in Asia driven by the region’s rapid growth and increasing sustainability focus.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Borregaard has strategically increased its market presence in Asia, capitalising on the region’s rapid economic growth and heightened focus on sustainability. This expansion aligns with our commitment to meeting the growing demand for sustainable products in emerging markets, which is of great interest to our investors looking for growth opportunities.”

Annual report 2024A · The company itself

Bristol Myers SquibbSector unknown

Driver · weakens · strength 1/3

“Additionally, the Japanese government continues to impose price cuts outside the normal repricing cycles, and in the last several years introduced a new value assessment requirement on some medicines to further cut prices.”

Annual report 2025A · The company itself

BroadcomSector unknown

Geography · strengthens · strength 1/3

“ITEM 2.PROPERTIES We are headquartered in Palo Alto, California and our primary warehouse is located in Malaysia.”

Annual report 2025A · The company itself

Brown & BrownSector unknown

Geography · strengthens · strength 1/3

“We have substantial operations in the United Kingdom, as well as operations in Belgium, Bermuda, Canada, Cayman Islands, France, Germany, Hong Kong, India, Italy, Malaysia, the Netherlands, Republic of Ireland, Singapore and United Arab Emirates.”

Annual report 2025A · The company itself

Brown–FormanSector unknown

Geography · strengthens · strength 1/3

“Our products are sold in more than 170 countries; accordingly, we are subject to risks associated with doing business globally, including commercial, political, and financial risks.”

Annual report unknown yearA · The company itself

BTS Group ABSector unknown

Geography · strengthens · strength 1/3

“50 (49) procent av BTS försäljning under 2024 skedde i den operativa enheten BTS Nordamerika. BTS Övriga marknader svarade för 28 (27) procent, BTS Europa för 17 (18) procent och APG för 5 (6) procent.”

Annual report 2024A · The company itself

Bunge GlobalSector unknown

Geography · strengthens · strength 1/3

“The increase was primarily due to Net sales contributions from the Acquisition of Viterra, in addition to overall higher prices in Argentina, which encouraged farmer selling and higher volumes of oilseeds merchandised in our global soybean distribution business.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The net increase was primarily driven by improved results in our South American soybean processing and refining businesses and contributions from the Viterra Acquisition, partially offset by lower results in our North American processing and refining business.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The above decreases were slightly offset by higher volumes in South America resulting from the non-recurrence of the prior year drought in Argentina and higher volumes of oilseeds merchandised in our global soybean origination business.”

Annual report 2025A · The company itself

BXP, Inc.Sector unknown

Geography · strengthens · strength 1/3

“We have underwritten, and in the future may acquire, properties, portfolios of properties or interests in real estate-related entities on a strategic or selective basis in international markets that are new to us. If we acquire properties or platforms located in these markets, we will face risks associated with a lack of market knowledge and understanding of the local economy, forging new business relationships in the area and unfamiliarity with local laws and government and permitting procedures.”

Annual report 2025A · The company itself

C-Rad ABSector unknown

Geography · strengthens · strength 1/3

“APAC har tagit fart och vi har under året vunnit ordrar i exempelvis Kina, Korea, Japan och Sydostasien.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“APAC-regionen uppnådde en imponerande omsättningsökning under 2024. Framgången i regionen beror på lyckade lokala produktlanseringar samt investeringar i att utbilda våra distributionskanaler. Länder som Kina, Japan, Sydkorea, Australien och Sydostasien har varit särskilt starka, med robust försäljningstillväxt och ökad installationstakt.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Intäkterna i Americas uppgick till 72,7 (86,0) MSEK, en minskning med 15 procent och APAC uppvisade fortsatt en stark intäktsökning vilken uppgick till 77 procent och intäkterna uppgick därmed till 210,3 (118,6) MSEK. Ökningen i APAC avser främst Kina, där protonordrar leverera-des i andra och tredje kvartalet, samt Japan och Australien.”

Annual report 2024A · The company itself

CADELER A/SSector unknown

Geography · strengthens · strength 1/3

“The Baltic Sea region saw steady progress, the Asia-Pacific pipeline continued to mature, and Cadeler had two vessels operating in the United States during the year.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“For example, the ongoing geopolitical and economic uncertainty between the United States and China, where we conduct business and have derived a substantial percentage of our revenue, the unknown impact of current and future U.S. and Chinese trade regulations, including tariffs and other trade restrictions, and geopolitical risks with respect to Taiwan, which serves as a central hub for the technology industry supply chain, could, directly or indirectly, materially harm our business, financial condition and results of operations.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“While we have since restored access to EDA Software and Technology for affected customers in accordance with these updated U.S. export regulations, the temporary license requirements negatively impacted our revenue in China during this period.”

Annual report 2025A · The company itself

Cardinal HealthSector unknown

Geography · strengthens · strength 1/3

“Global Medical Products and Distribution Segment Our GMPD segment manufactures, sources, and distributes Cardinal Health brand medical, surgical, and laboratory products, which are sold in the United States, Canada, Europe, Asia, and other markets.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We conduct our operations in various regions of the world outside of the United States, including Europe, Asia, and Latin America.”

Annual report 2026A · The company itself

Carnival CorporationSector unknown

Geography · strengthens · strength 1/3

“Passengers Carried by Principal Source Geographic Areas Carnival Corporation & plc Passengers Carried (in thousands) 2025 2024 2023 Brands’ Main Source Markets United States and Canada 8,092 7,938 7,410 Carnival Cruise Line, Cunard, Holland America Line, Princess Cruises and Seabourn Continental Europe 2,754 2,702 2,590 AIDA and Costa United Kingdom 1,108 1,087 970 Cunard and P&O Cruises Australia and New Zealand 944 1,027 940 Carnival Cruise Line and Princess Cruises Other 729 754 550 Total 13,627 13,509 12,460 9 VI.”

Annual report 2025A · The company itself

Carrier GlobalSector unknown

Geography · strengthens · strength 1/3

“Our international operations, including U.S. export sales, represented approximately 52% of our net sales for 2025.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Approximately 52% of our net sales for the year ended December 31, 2025, are derived from international operations, including U.S. export sales.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We expect that sales to emerging markets will continue to account for a significant portion of our sales as developing nations around the world increase their demand for our products. In addition, as part of our globalization strategy, we have invested in certain countries, including Mexico, Brazil, China, India, Saudi Arabia and other countries in the Middle East.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Climate Solutions Asia Pacific, Middle East & Africa For the year ended December 31, 2025, Net sales were $3.3 billion, a 5% decrease compared with the same period of 2024. The components of the year-over-year change were as follows: Net sales Organic / Operational (5) % Foreign currency translation — % Total % change (5) % The organic decrease in Net sales of 5% was driven by volume reductions within certain end-markets compared with the prior year.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Climate Solutions Transportation For the year ended December 31, 2025, Net sales were $2.9 billion, a 17% decrease compared with the same period of 2024. The components of the year-over-year change were as follows: Net sales Organic / Operational 4 % Foreign currency translation 1 % Acquisitions and divestitures, net (22) % Total % change (17) % The organic increase in Net sales of 4% was primarily driven by volume growth within certain end-markets compared with the prior year.”

Annual report 2025A · The company itself

Caterpillar Inc.Sector unknown

Geography · strengthens · strength 1/3

“Dealer inventory increased during 2025, compared with a decrease in 2024. •Sales decreased in Asia/Pacific due to unfavorable price realization, lower sales volume and unfavorable currency impacts primarily related to the Australian dollar. Lower sales volume was mainly driven by lower sales of equipment to end users.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Segment U.S. Facilities Facilities Outside the U.S.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“With manufacturing in Denmark and active projects across Europe, North America, and Asia, Cavendish is positioned to meet the expected increase in international demand for hydrogen infrastructure.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“This year equipment delivered by Cavendish dispensed more than 900.000kg hydrogen, underlining that Cavendish is one of the most experienced suppliers of gaseous hydrogen refueling stations in Europe, North America and South Korea.”

Annual report 2024A · The company itself

CBRE GroupSector unknown

Geography · strengthens · strength 1/3

“We are focused on cementing our leadership position in each of our businesses with a strategy that achieves growth across four dimensions of our business: geographies, clients, property types and services. We are committed to deploying our resources and capital in parts of our business that benefit from secular tailwinds and/or are cyclically resilient across these four dimensions.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In addition, we have increased our scale in certain geographies, such as Japan and India, and asset classes that are positioned for continued growth, such as data centers. As a result, we have built a larger and more resilient services offering.”

Annual report 2025A · The company itself

CDW CorporationSector unknown

Geography · strengthens · strength 1/3

“Our supply chain is also exposed to risks related to international operations. While we purchase our products primarily in the markets we serve (for example, products for US customers are sourced in the US), our vendor partners manufacture or purchase a significant portion of the products we sell outside of the US, primarily in Asia. Political, social, or economic instability in Asia, or in other regions in which our vendor partners purchase or manufacture the products we sell, could cause disruptions in trade, including exports to the US.”

Annual report 2025A · The company itself

CHEMOMETEC A/SMedical devices

Geography · strengthens · strength 1/3

“Salg og distribution af vores produkter sker via egne salgsorganisationer i USA og Europa, mens der samarbejdes med distributører på blandt andet det asiatiske marked.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Omsætningen i ROW steg i 2024/25 fra DKK 37,1 mio. til DKK 43,8 mio., svarende til en vækst på 18%, mens den relative andel af omsætningen forblev uændret på 9%. Omsætning i top-5 lande – ROW (mio. DKK) Omsætning fordelt på produktgrupper DKK mio. Top-5 2024/25 2023/24 Vækst 60 Kina 11,9 9,8 5,6 3,9 1,9 9,4 9,4 5,1 2,6 1,8 27% 4% Da salget af serviceydelser i ROW er begrænset, er udviklingen primært drevet af salget af instrumenter og forbrugsvarer, som steg med henholdsvis 13% og 22% i 2024/25.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“De fem største markeder i ROW var i 2024/25 Kina, Japan, Sydkorea, Taiwan og Indien, der alle har oplevet en vækst i omsætningen i 2024/25. I det forløbne regnskabsår udgjorde omsætningen i top-5 landene 76% af omsætningen i ROW. ꢀInstrumenter ꢀForbrugsvarer ꢀService ꢀAndet Kina: Kina er ChemoMetecs største marked inden for ROW-segmentet.”

Annual report 2025A · The company itself

Church & DwightSector unknown

Geography · strengthens · strength 1/3

“Consumer International Our Consumer International segment markets a variety of personal care, household and over-the-counter products in international subsidiary markets, including Australia, Canada, France, Germany, Japan, Mexico, China and the United Kingdom.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We are subject to risks related to our expansion and international operations that could adversely affect our results of operations. Our ability to continue to grow our sales and profits is dependent on expanding in the locations in which we already do business and entering into new geographic locations, both of which require significant resources and investments which would affect our risk profile.”

Annual report 2025A · The company itself

CienaSector unknown

Geography · strengthens · strength 1/3

“Commencing in fiscal 2026, GCE will be organized around the following customers and geographies: (i) global cloud and content networking customers; (ii) the United States, Canada, the Caribbean and Latin America (“Americas”); (iii) Europe, Middle East and Africa (“EMEA”); and (iv) Asia Pacific, Japan and India (“APAC”).”

Annual report 2025A · The company itself

CignaSector unknown

Geography · strengthens · strength 1/3

“Healthcare provides medical plans and other benefits and solutions for insured and self-insured clients as well as for individual and family plan customers. International Health provides health care solutions in our international markets, as well as health solutions for globally mobile individuals and employees of multinational organizations.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“International Health •Global Health Care offerings include medical, dental, pharmacy, vision, life, accidental death and dismemberment, and disability risks. We provide products and services that meet the needs of multinational employers, intergovernmental and nongovernmental organizations, and globally mobile individuals with a focus on keeping employees healthy and productive.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Products and services are offered worldwide except as limited by applicable law and include ASO, GC and ER funding options. •Local Health Care offerings include medical, dental, pharmacy and vision as well as life coverage. Customers include employers and individuals located in specific geographies (China, Singapore, Hong Kong, Spain and India, along with various countries in the Middle East) where the products and services are purchased.”

Annual report 2025A · The company itself

CiscoSector unknown

Geography · strengthens · strength 1/3

“We conduct significant sales and customer support operations in countries around the world. As such, our growth depends in part on our increasing sales into emerging countries.”

Annual report 2026A · The company itself

CloroxSector unknown

Geography · strengthens · strength 1/3

“Products within this segment include laundry additives and home care products primarily marketed under the Clorox, Poett, Pine-Sol, Clorinda and Chux brands; bags and wraps under the Glad brand; cat litter primarily marketed under the Ever Clean and Fresh Step brands and water-filtration products marketed under the Brita brand.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In fiscal year 2026, 16% of the Company’s net sales were attributable to international markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Additionally, it assumed operational responsibility for the 75 MW Akmene One wind farm in Lithuania, strengthening its international portfolio.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Unit case volume outside the United States represented 84% of the Company’s worldwide unit case volume in 2025. The countries outside the United States in which our unit case volumes were the largest were Mexico, China, Brazil and India, which together accounted for 33% of our worldwide unit case volume.”

Annual report 2025A · The company itself

CognizantSector unknown

Geography · strengthens · strength 1/3

“Our largest delivery center presence is in India, representing approximately 90% of our total delivery centers on a square-foot basis, with the largest presence in Chennai (7 million square feet), Hyderabad (3 million square feet), Pune (2 million square feet), Kolkata (2 million square feet) and Bangalore (2 million square feet). We also have a significant number of delivery centers in other countries, including the United States, Philippines, Canada, and countries throughout Europe and Latin America.”

Annual report 2025A · The company itself

Coherent Corp.Sector unknown

Geography · strengthens · strength 1/3

“Our principal U.S. production and R&D operations, in alphabetical order, are located in California, Connecticut, Delaware, New Jersey, Pennsylvania, and Texas. Our principal non-U.S. production and R&D operations, in alphabetical order, are based in China, Finland, Germany, Malaysia, the Philippines, Singapore, South Korea, Sweden, Switzerland, the United Kingdom, and Vietnam.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Our global footprint is diverse, with approximately 44,582 employees in the Asia-Pacific region, 3,177 in Europe, and 3,719 in the Americas.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We and our subcontractors maintain operations and continuously implement new product and process technologies at manufacturing facilities, which are widely dispersed in multiple locations in several countries including the United States, Germany, Malaysia, and China.”

Annual report 2026A · The company itself

CoinbaseSector unknown

Geography · strengthens · strength 1/3

“We plan to enter into or increase our presence in additional markets around the world. We have a limited operating history outside the United 46 Table of Contents States, and our ability to manage our business and conduct our operations internationally requires considerable management attention and resources and is subject to particular challenges of supporting a growing business in an environment of diverse cultures, languages, customs, tax laws, legal systems, alternate dispute systems, and regulatory systems.”

Annual report 2025A · The company itself

Colgate-PalmoliveSector unknown

Geography · strengthens · strength 1/3

“We operate on a global basis serving consumers in more than 200 countries and territories with approximately two-thirds of our Net sales originating in markets outside the United States.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Major overseas manufacturing and warehousing facilities used by the Oral, Personal and Home Care product segment of our business are located in Australia, Brazil, China, Colombia, France, Greece, Guatemala, India, Italy, Mexico, Poland, South Africa, Thailand, Türkiye and Vietnam.”

Annual report 2025A · The company itself

ColoplastMedical devices

Geography · strengthens · strength 1/3

“7.8 bn Reported revenue in DKK ... +8% Organic growth”

Annual report 2025B · From the report

Geography · strengthens · strength 1/3

“In Emerging markets, our focus is on scaling hydrophilic-coated intermittent catheters (HCIC) by addressing structural barriers to adoption.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“in isolation delivered -1% organic growth in full year 2024/25 with negative growth in Emerging markets, driven by China, which detracted significantly from growth due to the product return initiated in Q3.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In the financial year 2024/25 we conducted audits in China, and have previously conducted similar audits in India, Mexico and North Macedonia.”

Annual report 2025A · The company itself

Concejo AB (publ)Sector unknown

Geography · strengthens · strength 1/3

“SBF Fonder 12 CONCEJO ÅRSREDOVISNING 2024 Investeringsstrategi SBF Fonder investerar i svenska hyresfastigheter huvud - sakligen i tillväxt- och pendlingsorter. Målfastigheten är en bostadsfastighet med lågt inslag av kommersiella ytor. Orterna har normalt mer än 10 000 invånare och en posi - tiv befolkningstillväxt.”

Annual report 2024A · The company itself

ConocoPhillipsSector unknown

Geography · strengthens · strength 1/3

“At December 31, 2025, our operations were producing in the U.S., Norway, Canada, Australia, Malaysia, Libya, China, Qatar and Equatorial Guinea.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“ConocoPhillips 2025 10-K 44 Results of Operations Table of Contents Asia Pacific 2025 2024 2023 Select financial data by segment before-tax ($MM) Sales and other operating revenues ($MM) $ 1,770 1,847 1,913 Production and operating expenses ($MM) 367 384 391 Depreciation, depletion and amortization ($MM) 460 425 455 Taxes other than income taxes ($MM) 57 109 117 Net income (loss) ($MM) $ 1,167 1,724 1,961 Consolidated Operations Total Production (MBOED) Natural gas ($ per MCF) 3.59 3.74 3.95 The Asia Pacific segment consists of operations in China, Malaysia, and Australia, and commercial operations in China, Singapore and Japan.”

Annual report 2025A · The company itself

Constellation BrandsSector unknown

Geography · strengthens · strength 1/3

“We intend to expand our brands across U.S. wholesale, international markets, and DTC channels (including hospitality) to maximize our total addressable market opportunity by leveraging our global, omni-channel capabilities.”

Annual report 2026A · The company itself

ContextVision ABSector unknown

Geography · strengthens · strength 1/3

“ContextVision har en global närvaro med lokal representation i USA, Japan, Kina och Sydkorea, ett uttryck för vårt engagemang att erbjuda service i världsklass genom vårt kunniga team.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Dessutom har vi tecknat avtal med nya kunder i både Asien och Nordamerika, vilket ger oss god potential att utöka vår marknadsnärvaro. ContextVision har också fortsatt sina strategiska investeringar för att etablera sig på en ny marknad, med fokus på att utveckla organspecifika applikationer och ta ytterligare steg i sin utvecklingsplan.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Detta inkluderar en förstärkning av organisationen för att möjliggöra ökad aktivitet i produktlanseringar inom Image Quality samt introduktion av nya kunder i Asien och Nordamerika.”

Annual report 2024A · The company itself

CopartSector unknown

Geography · strengthens · strength 1/3

“Our expansion into markets outside the U.S., including expansions in the U.K., Canada, Europe, Brazil, and the Middle East expose us to risks arising from operating in international markets.”

Annual report 2025A · The company itself

Corning Inc.Sector unknown

Geography · strengthens · strength 1/3

“We have display glass manufacturing operations in China, South Korea and Taiwan, and service our glass customers in all regions, utilizing our manufacturing facilities throughout Asia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Given the geographical concentration of certain of the Company’s and our contract manufacturers’ plants in Asia Pacific, the highly engineered nature of the facilities and the globally dispersed talent required to run these facilities, any event that adversely affects or restricts movement into or out of a specific geographic area where we, our contract manufacturers, suppliers, or customers have a presence, could adversely impact our results.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“As a global company, we face many risks which could adversely impact our operations and financial results We are a global company and derive a substantial portion of our revenue from, and have significant operations, outside of the U.S.”

Annual report 2025A · The company itself

CorpaySector unknown

Geography · strengthens · strength 1/3

“Gift – We provide fully integrated gift card program management and processing services to retailers in 66 countries, in both plastic and digital form.”

Annual report 2025A · The company itself

CoStar GroupSector unknown

Driver · weakens · strength 1/3

“Risks related to our international operations • We are expanding our operations outside of the United States, which may subject us to increased business, regulatory, and economic risks that could harm our business.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We own and operate leading online marketplaces for real estate in the U.S., Australia, Europe, Canada, and Asia-Pacific based on the numbers of unique visitors and site visits per month.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our principal facility in Australia is located in Sydney, where we occupy approximately 95,000 square feet, with a lease term ending June 30, 2031. Additionally, we lease space for our operations in Paris, France; Madrid, Spain; Freiburg, Germany; and Manila, Philippines.”

Annual report 2025A · The company itself

CostcoSector unknown

Geography · strengthens · strength 1/3

“During 2025, our international operations, including Canada, generated 27% and 34% of our net sales and operating income. Our international operations have accounted for an increasing portion of our warehouses, and we plan to continue international growth.”

Annual report 2025A · The company itself

CRH plcSector unknown

Geography · strengthens · strength 1/3

“CRH primarily operates across North America, Europe, and Australia.”

Annual report 2025A · The company itself

CrowdStrikeSector unknown

Geography · strengthens · strength 1/3

“We grew our international revenue from $1,270.7 million for fiscal 2025 to $1,595.4 million for fiscal 2026, representing an increase of 26%.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We derived approximately 33%, 32%, and 32% of our total revenue from our international customers for fiscal 2026, fiscal 2025, and fiscal 2024, respectively.”

Annual report 2026A · The company itself

CTEK AB (publ)Sector unknown

Geography · strengthens · strength 1/3

“I Shenzhen sker produktion och kvalitetskontroll.”

Annual report 2024A · The company itself

DAMPSKIBSSELSKABET NORDEN A/STransport & logistics

Geography · strengthens · strength 1/3

“TOKYO, JAPAN SINGAPORE DUBAI, UNITED ARAB EMIRATES”

Annual report 2025A · The company itself

DANTAX A/STechnology

Geography · strengthens · strength 1/3

“Dantax opererer i dag på både det danske og internationale marked med fokus på Europa, Asien og Syd- og Nordamerika.”

Annual report 2025A · The company itself

Darden RestaurantsSector unknown

Geography · strengthens · strength 1/3

“There is no assurance that international operations will be profitable or that international growth will continue.”

Annual report 2026A · The company itself

DatadogSector unknown

Geography · strengthens · strength 1/3

“For example, Brazil enacted the General Data Protection Law, New Zealand enacted the New Zealand Privacy Act, Australia enacted the Australia Privacy Act, China enacted its Personal Information Protection Law, Canada has enacted the Personal Information Protection and Electronic Documents Act, and various related provincial laws and India enacted the Information Technology Act.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Beyond North America, we now have sales presence internationally, including in Amsterdam, Dublin, London, Paris, Seoul, Singapore, Sydney, and Tokyo.”

Annual report 2025A · The company itself

Deckers BrandsSector unknown

Geography · strengthens · strength 1/3

“Our future growth depends in part on our expansion efforts outside of the United States (international growth strategy).”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“During fiscal year 2026, production of our finished goods was predominantly from Vietnam and Indonesia, while less than 5% was from China or any other individual country.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We operate on a global basis, with 41.7% of our total net sales for the year ended March 31, 2026, generated from operations outside the US.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“•We are exposed to risks from evolving trade policies, including higher tariffs and restrictions affecting goods imported from certain regions where we have a concentration of sourcing and manufacturing.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We continue to selectively expand our HOKA brand presence through additional wholesale partner locations and targeted DTC channel retail store expansion. We are also investing in regions that provide influential market presence to build brand awareness, including through the launch of our US HOKA brand loyalty program during fiscal year 2026.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“•To support our growth, we continue to invest in our global distribution network, including our warehouses and DCs, as well as 3PLs. We also continue to diversify our independent manufacturers and the regions in which they operate; however, we maintain a significant concentration of sourcing and manufacturing in Southeast Asia.”

Annual report 2026A · The company itself

Dell TechnologiesSector unknown

Geography · strengthens · strength 1/3

“Approximately 65% of ISG revenue is generated by sales to customers in the Americas, with the remaining portion derived from sales to customers in the Europe, Middle East, and Africa region (“EMEA”) and the Asia-Pacific and Japan region (“APJ”).”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Approximately 60% of CSG revenue is generated by sales to customers in the Americas, with the remaining portion derived from sales to customers in EMEA and APJ.”

Annual report 2026A · The company itself

Digital RealtySector unknown

Geography · strengthens · strength 1/3

“Our portfolio included 192 data centers, including 60 held in unconsolidated entities, located outside of the United States as of December 31, 2025.”

Annual report 2025A · The company itself

DistIT ABSector unknown

Geography · strengthens · strength 1/3

“Vid brister i produktkvalitet och produktsäkerhet åläggs dotterbolagen att ersätta eller reparera den skadade produkten. • Att skapa en attraktiv arbetsmiljö med goda utvecklingsmöjligheter samt att vara en lärande organisation där kunskaper och erfarenheter delas mellan och av medarbetarna. • Att skapa långsiktiga relationer med våra nuvarande kunder samtidigt som vi aktivt arbetar med att skaffa nya kunder. • Ha en aktiv inköpsstrategi baserat på långa relationer med leverantörer i Asien och Europa.”

Annual report 2024A · The company itself

DOF GROUP ASASector unknown

Geography · strengthens · strength 1/3

“DOF was awarded two subsea contract awards for offshore execution in 2025 in the APAC region, including saturation diving services utilising DSV Skandi Singapore in Malaysian waters for a duration of 30 days, and construction support services utilising one of DOF’s multipurpose vessels in Indonesia for a duration of seven weeks. The awards have an estimated combined value of over USD 30 million.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“DOF was awarded a FPSO installation project for offshore execution in Q2 2025 in Africa, utilising two of DOF’s AHTS vessels. The award includes project management, engineering, logistical services and offshore execution, with value between USD 15 million and 25 million.”

Annual report 2024A · The company itself

Domino'sSector unknown

Geography · strengthens · strength 1/3

“Description of the Business Domino’s is the largest pizza company in the world with more than 22,100 locations in over 90 markets around the world as of December 28, 2025, and operates two distinct service models within its stores, with a significant business in both delivery and carryout.”

Annual report 2025A · The company itself

DoorDashSector unknown

Geography · strengthens · strength 1/3

“We have significant international operations, and we expect to continue to make significant investments in non-U.S. countries as part of our growth strategy. We currently operate in over 40 countries across the globe.”

Annual report 2025A · The company itself

Dover CorporationSector unknown

Geography · strengthens · strength 1/3

“Organic revenue in Asia grew 3.4%, while organic revenue in Europe and Other Americas declined 0.9% and 4.3%, respectively.”

Annual report 2025A · The company itself

DuPontSector unknown

Geography · strengthens · strength 1/3

“DuPont conducts business globally in about 50 countries. The percentage of net sales generated by the international operations of DuPont, including U.S. exports, was approximately 53 percent of net sales on a continuing operations basis for the year ended December 31, 2025.”

Annual report 2025A · The company itself

Dynavox Group ABSector unknown

Geography · strengthens · strength 1/3

“Under 2024 slutförde vi förvärvet av vår återförsäljarpartner Link Assistive i Australien och Nya Zeeland, vilket ger oss tillgång till dessa snabbväxande marknader. Det innebär att vi nu har direkt närvaro i nio länder över hela världen.”

Annual report 2024A · The company itself

Edwards LifesciencesSector unknown

Geography · strengthens · strength 1/3

“Of the total sales outside of the United States, 60% were in Europe, 14% were in Japan, and 26% were in Rest of World.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Under 2023 tecknade Bolaget ett licensavtal med Fujimoto Pharmaceutical Corporation för utveckling och kommersialisering i Japan.”

Annual report 2024A · The company itself

Elanders ABSector unknown

Geography · strengthens · strength 1/3

“Mentor Media has traditionally been very strong within Electronics but is increasingly establishing a global presence within Health Care and, Headquaered in Singapore, Mentor Media is a leading provider of supply chain management solutions that are sustainable for customers, other stakeholders and the societies where it operates.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Given our strong presence in Asia and Latin America, we can work as an internal provider for our sister companies.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Together with Bergen Logistics we are also expanding within Fashion, at present both in Mexico and in Southeast Asia.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“During the year, Elanders has also established its first contract logistics unit in Thailand after securing an important deal with one of the Group’s largest customers. Operations started in the fourth quarter and have developed in a positive direction. of assets identified in conjunction with acquisitions and one-off items, was MSEK 879 (927) which corresponded to an adjusted EBITA margin of 6.2 (6.7) percent.”

Annual report 2024A · The company itself

ELKEM ASASector unknown

Geography · strengthens · strength 1/3

“The division has R&I centres in Europe and Asia, sales offices worldwide, and plants in China, France, Italy, Spain, USA, Brazil, India, and South Korea.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Silicon Products has about 2 100 FTEs and has plants in Norway, Iceland, Canada, India, Paraguay and China, and quartz mines in Norway and Spain.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“The division has approximately 400 FTEs, with plants in Norway, South Africa, Brazil, Malaysia, Slovakia and China.”

Annual report 2024A · The company itself

Emerson ElectricSector unknown

Geography · strengthens · strength 1/3

“Sales by geographic destination in 2025 were: the Americas, 51 percent; Asia, Middle East & Africa, 30 percent (China, 10 percent); and Europe, 19 percent.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Industry and General Economic Risks Our Substantial Sales Both in the U.S. and Abroad Subject Us to Economic Risk as Our Results of Operations May Be Adversely Affected by Changes in Government Regulations and Policies and Currency Fluctuations We sell, manufacture, engineer and purchase products globally, with significant sales in both mature and emerging markets. We expect sales in non-U.S. markets to continue to represent a significant portion of our total sales.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“ITEM 2 - PROPERTIES At September 30, 2025, the Company had approximately 120 manufacturing locations worldwide, of which approximately 35 were located in the United States and 85 were located outside the United States, primarily in Europe and Asia, and to a lesser extent in Canada and Latin America. Manufacturing locations by business are: Intelligent Devices, 105, including 35 in the Final Control segment, 25 in the Measurement & Analytical segment, 35 in the Discrete Automation segment, and 10 in the Safety & Productivity segment; and Software and Control, 10, including 2 in the Test & Measurement segment with the remaining in the Control Systems & Software segment.”

Annual report 2025A · The company itself

engcon ABSector unknown

Geography · strengthens · strength 1/3

“Sydkorea är den marknad i regionen som engcon har starkast position på. Här finns en stor andel hjulgrävare som tillsammans med tiltrotatorn blir den optimala redskapsbäraren.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Vi har också under senare delen av året startat ett lokalt säljbolag i Japan för att ytterligare stärka vår närvaro i en region där vi ser en stor potential för våra produkter.”

Annual report 2024A · The company itself

Epiroc AktiebolagSector unknown

Geography · strengthens · strength 1/3

“Den 4 september anordnade Epiroc en invigningsceremoni i Hyderabad, Indien, för en utbyggnad av tillverkningsanläggningen för bergborrverktyg. Samma dag invigde Epiroc också ett innovations- och teknikcenter i Hyderabad. Investeringen är en del av Epirocs växande fokus på Indien som ett viktigt nav för tillverkning och forskning och utveckling för att stödja kunder i hela regionen.”

Annual report 2024A · The company itself

Episurf Medical ABSector unknown

Geography · strengthens · strength 1/3

“Episurf Medical har i dagsläget över 200 patent och patentansökningar över hela världen, fördelade på mer än 35 patentfamiljer. » Den första Episealer®-operationen i människa genomfördes i december 2012 och till idag har mer än 2 000 operationer genomförts. » Episurf Medical har huvudkontor i Stockholm, Sverige och bolaget har försäljningsrepresentation i flera länder i Europa, Asien, Australien och Nordamerika. » Aktien (EPIS B) är sedan juni 2014 noterad på Nasdaq Stockholm.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Episurf Medical avser att driva försäljningen i sina marknader i egen regi eller genom ett nätverk av distributörer. Bolaget kommer prioritera ett flertal marknader under 2024, vilket inkluderar länder i Europa, Asien, Mellanöstern och Nordamerika.”

Annual report 2024A · The company itself

EQT ABSector unknown

Geography · strengthens · strength 1/3

“EQT Private Capital Asias mid-market buyoutfond stängde i maj med USD 1,6 miljarder i kapitalåtaganden, mer än dubbelt så mycket som målstorleken.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“I Asien och Stillahavsområdet har BPEA IX, vår large-cap buyout-fond i regionen, satt ett mål på USD 12,5 miljarder, vilket vi väntas närma oss vid första stängningen under årets första halva.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Sedan börsnoteringen har EQT ökat antalet strategier från 6 till 18 och täcker nu produkter för privata investerare, Private Equity, Infrastruktur och Real Estate Genom att öka kapitalåtagandena i stängda fonder och lansera nya distributionskanaler förväntar sig EQT att 15–20 % av framtida kapitalanskaffning kommer att komma från Private Wealth Sedan börsnoteringen har EQT ökat sin avgiftsrelaterade EBITDA-marginal från % till 53 % EQT strävar efter att behålla sin ledande position i Europa, expandera sin närvaro i Nordamerika och bli den ledande aktören i Asien.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Real Estate är inriktat på industri och logistik, en tematisk sektor som drivs av ökad konsumtion och tillväxt inom e-handel i kombination med en global expansion av leverantörskedjor. EQT Real Estate planerar att behålla sin ledande position i Nordamerika, stärka sin redan starka närvaro i Europa och öka sitt fokus på att etablera sig som en större spelare i Asien.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Geografiska områden som är särskilt viktiga är Europa och Asien-Stillahavsområdet. Där ökar både upplysningskrav och regelverket kring produkter och branscher, vilket beaktas i kategorin politiska och legala risker.”

Annual report 2024A · The company itself

EquifaxSector unknown

Geography · strengthens · strength 1/3

“Recent Events and Company Outlook As further described above, we operate in the U.S., which represented 77% of our revenue in 2025, and internationally in 20 countries.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Local currency revenue increased 5% in 2025 as compared to 2024, primarily driven by growth in the commercial, consumer credit reporting and identity and fraud businesses in Australia, partially offset by a decline in India.”

Annual report 2025A · The company itself

EquinixSector unknown

Geography · strengthens · strength 1/3

“Equinix has a highly differentiated offering in this large and growing market. Our global platform reaches 36 countries and connects the industry’s largest and most active ecosystem of partners across our sites, including access to a leading share of cloud on-ramps and an increasingly diverse ecosystem of networks and cloud and IT service providers.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“This marked our entry into the Philippines market.”

Annual report 2025A · The company itself

EQUINOR ASASector unknown

Geography · strengthens · strength 1/3

“Vi har også bygget opp en diversifisert portefølje ved å kjøpe opp lokale utviklingsselskaper i utvalgte kraftmarkeder i Nord-Europa, Brasil og USA. Dette omfatter vind- og solparker på land og anlegg for batterilagring.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Høyrisikoområder i vår forsyningskjede inkluderer leverandører i Sørøst-Asia og Midtøsten.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Geografiske områder med høy risiko for tvangsarbeid innenfor vår forsyningskjede inkluderer Sørøst-Asia, Øst-Asia, Midtøsten og Øst-Europa. Høyrisiko segmenter av vår forsyningskjede inkluderer skipsfart og maritime bransjer, byggeplasser og produksjon av fornybar teknologi.”

Annual report 2024A · The company itself

EUROPRIS ASASector unknown

Geography · strengthens · strength 1/3

“Approximately 30 per cent of the products purchased by Europris are sourced from Asia.”

Annual report 2024A · The company itself

Everest GroupSector unknown

Geography · strengthens · strength 1/3

“The Insurance segment writes property and casualty insurance directly and through brokers, including for surplus lines, and general agents within the United States, Bermuda, Canada, Europe, Singapore and South America through its offices in the United States, Bermuda, Canada, Chile, Colombia, Mexico, Singapore, the U.K., Ireland and branches located in Australia, the U.K., the Netherlands, France, Germany, Italy and Spain.”

Annual report 2025A · The company itself

Exel Composites OyjSector unknown

Geography · strengthens · strength 1/3

“Revenue outside the Group according to location of customers 2025 2024 Europe 67,340 65,081 22,719 21,789 Asia-Pacific 11,192 11,241 Rest of world 1,944 1,503 Total 103,194 99,614 Revenue from the biggest customer amounted to EUR 6,998 (6,065) thousand in 2025.”

Annual report 2025A · The company itself

F-Secure OyjSector unknown

Geography · strengthens · strength 1/3

“At comparable exchange rates, revenue from Embedded Security increased by 6.7%.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Underlying business in Japan was good throughout the period, although in the fourth quarter it was weaker than in the previous quarters.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Similarly, the minutes of the Annual General Meeting are available on the company’s website at https://www.investors.f-secure.com/en/ investors/corporate_governance/governing_model/annual_general_meeting_2026 Outlook for 2026 Growth: F-Secure expects mid to high single-digit currency neutral revenue growth for 2026.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Furthermore, to realize our purpose of making every digital moment more secure for everyone, our go-to-market model is primarily channel-based and through Service Providers allows us to reach hundreds of millions of consumers behind these partners in our focus regions in Europe, North America and APAC/Japan.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“F-Secure has an office in Malaysia and employees in India, which are considered countries with higher risks.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The majority of employees are located in Finland and other Nordic countries with relatively mild projected climate impacts, while some limited exposure exists in India and Malaysia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The majority of F-Secure’s sales come from selling products and services through its extensive and global Channel Partner network, including approximately 200 Channel Partners.”

Annual report 2025A · The company itself

F5, Inc.Sector unknown

Geography · strengthens · strength 1/3

“In fiscal year 2025, sales outside of the Americas represented 44.2% of our net revenues.”

Annual report 2025A · The company itself

FactSetSector unknown

Geography · strengthens · strength 1/3

“•Asia Pacific: The Asia Pacific segment primarily sells to clients in Asia and Australasia via office locations in Australia, China, Hong Kong Special Administrative Region ("SAR") of China, India, Japan, the Philippines and Singapore. Revenues from Asia Pacific represented 10% of total revenues during fiscal 2025.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Table of Contents Operational Risks Operations outside the U.S. involve additional requirements and burdens that we may not be able to control or manage successfully In fiscal 2025, approximately 39% of our revenues related to operations located outside the U.S. In addition, approximately 80% of our employees are located in offices outside the U.S., including India and the Philippines.”

Annual report 2025A · The company itself

FastenalSector unknown

Geography · strengthens · strength 1/3

“Table of Contents In the case of fasteners and our private label non-fastener products, we have a large number of suppliers but these suppliers are heavily concentrated in a single geographic area, Asia. Within Asia, suppliers in China and Taiwan represent a significant source of product. Further, in many cases where we source directly from a North American supplier, the original country of origin of the acquired parts is the supplier's Asian facilities.”

Annual report 2025A · The company itself

FedExSector unknown

Geography · strengthens · strength 1/3

“Federal Express has additional major international sorting and freight handling facilities located at Narita Airport in Tokyo and Stansted Airport outside London. Federal Express also has a substantial presence at airports in Hong Kong, Taiwan, and Dubai.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Internationally, Federal Express had approximately 37,000 drop-off locations.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“e Brands segment operates distribution companies concentrated on sales of a sin - gle brand and operates business-to-consumer sales through brand retail stores in Europe and North America. e Brands segment also operates online sales in all major markets. e Global Sales segment consists of Fenix Out - door multibrand distribution companies represented globally, mainly buying its products from the Brands segment. e Asian distri - bution companies also run retail operations, primarily brand retail.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“External sales per market, MEUR Jan-Dec 2024 Jan-Dec 2023 Jan-Dec 2024 Jan-Dec 2023 Jan-Dec 2024 Jan-Dec 2023 Switzerland 1.2 0.7 - - 7.9 10.7 Sweden 9.3 11.4 73.2 73.9 - - Other Nordic countries 1.8 2.4 62.6 60.5 31.5 33.2 Germany 52.4 64.1 189.9 197.1 - - Benelux 18.4 17.0 0.3 0.3 10.7 10.8 Other Europe 16.4 20.0 21.5 20.3 39.2 42.2 Americas 67.3 80.3 - - 44.7 54.8 Other World 6.4 2.4 - - 30.6 36.8 Total 173.2 198.3 347.5 352.1 164.6 188.5 Our Global Sales division is our owned and operated network of wholesale distributors spanning Europe, the Americas, and Asia. Owning and operating our global wholesale distribution network provides numerous advantages. Operating our own local wholesale companies aords us the advantage of deep and direct insights into key markets.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“We have businesses in emerging markets that may experience significant economic volatility. We have operations in emerging markets, primarily in Latin America, India, Southeast Asia, the Middle East and Africa.”

Annual report 2025A · The company itself

FINNAIR OYJSector unknown

Geography · strengthens · strength 1/3

“Matkustuskysyntä kehittyi hyvin erityisesti Aasiassa, kun taas PohjoisAmerikan-liikenteessä kysyntä ja hintataso jäivät heikommiksi.”

Annual report 2025A · The company itself

FIRSTFARMS A/SAgriculture

Geography · strengthens · strength 1/3

“FORRETNINGSMODELLEN Jordportefølje Solog vindenergi Biogas Afgrøder Mælk Grise køb, salg og leje AFGRØDER TIL EGET FORBRUG SALG AF AFGRØDER SALG AF SMÅGRISE SALG AF SLAGTEGRISE INTERN SALG AF SMÅGRISE SALG AF MÆLK SALG AF KALVE OG KVIER FORRETNINGSMODELLEN FORRETNINGS- OMRÅDER Vores forretning 13 Håndtering af mundog klovesyge har præget 2025 i FirstFarms.”

Annual report 2025A · The company itself

Flerie ABSector unknown

Geography · strengthens · strength 1/3

“Ägarandel 43% 203,5 • Levererat NLAB SIV till en kund i Asien.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Asia & Australia APAC 27% Share of revenue”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Organically, Service order intake increased by 14% compared to Q4 2024, driven by increased orders for consumables and modernisations, supported by strong activity in the South American and African markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The organic growth was driven by solid performance in key markets, particularly South America and Africa, with strong momentum.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The order intake in 2025 was supported by a strategically important order from an Indian miner and steelmaker for all pumps and cyclones associated with a greenfield expansion.”

Annual report 2025A · The company itself

FortiveSector unknown

Geography · strengthens · strength 1/3

“International Operations Our products and services are available in markets worldwide, and our principal markets outside the United States are in Europe and Asia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In 2025, approximately 44% of our sales were derived from customers outside the United States.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Since our growth strategy depends in part on our ability to further penetrate markets outside the United States and increase the localization of our products and services, we expect to continue to increase our sales and presence outside the United States, particularly in high-growth markets, such as Eastern Europe, the Middle East, Africa, Latin America, and Asia.”

Annual report 2025A · The company itself

Franklin ResourcesSector unknown

Geography · strengthens · strength 1/3

“In Hong Kong, our applicable subsidiaries are subject to the Securities and Futures Ordinance (“SFO”) and its subsidiary legislation, which governs the securities and futures markets and regulates, among others, offers of investments to the public and provides for the licensing of dealing in securities and asset management activities and intermediaries. This legislation is administered by the Securities and Futures Commission (“SFC”).”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Singapore. In Singapore, our subsidiaries are subject to, among others, the Securities and Futures Act (“SFA”), the Financial Advisers Act (“FAA”) and the subsidiary legislation promulgated pursuant to these Acts, which are administered by the Monetary Authority of Singapore (“MAS”). Our asset management subsidiaries and their employees conducting regulated activities specified in the SFA and/or the FAA are required to be licensed with the MAS.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In Australia, our subsidiaries are subject to various Australian federal and state laws and are regulated by the Australian Securities and Investments Commission (“ASIC”). ASIC regulates companies, financial markets and financial services in Australia.”

Annual report 2025A · The company itself

GarminSector unknown

Geography · strengthens · strength 1/3

“Principal properties of Garmin include approximately 2,244,000 square feet of owned facilities located in Olathe, Kansas (U.S.), approximately 255,000 square feet of owned and leased facilities located across various locations in the United Kingdom, approximately 319,000 square feet of leased facilities located in Wroclaw, Poland, and approximately 1,847,000 square feet of owned facilities located across various locations in Taiwan. These properties are considered principal properties due to the nature of the business activities carried out at each location.”

Annual report 2025A · The company itself

GE HealthCareSector unknown

Geography · strengthens · strength 1/3

“PROPERTIES GE HealthCare is a global organization headquartered in Chicago, Illinois with other major centers in or near the following cities: Milwaukee, Paris, Bangalore, and Shanghai.”

Annual report 2025A · The company itself

GE VernovaSector unknown

Geography · strengthens · strength 1/3

“Our footprint is truly global with approximately 24,000 employees in Europe, 21,000 employees in the U.S., 19,000 employees in Asia, and 6,000 employees in Latin America.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“SEGMENT Number of Facilities Power 41 Wind 17 Electrification 33 Total 91 The locations of GE Vernova's manufacturing locations by geographic region are as follows: GEOGRAPHIC REGION Number of Facilities Americas 27 Association of Southeast Asian Nations 26 Europe, the Middle East, and Africa 38 Total 91 In addition to the manufacturing facilities described above, GE Vernova maintains many offices, warehouses, and distribution facilities globally.”

Annual report 2025A · The company itself

GeneracSector unknown

Geography · strengthens · strength 1/3

“We source a significant portion of our purchased components overseas, primarily in Asia and Europe.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The international segment includes all historical acquisitions not based in the U.S and Canada, all of which have revenues substantially derived from outside the U.S and Canada.”

Annual report 2025A · The company itself

General DynamicsSector unknown

Geography · strengthens · strength 1/3

“Our revenue from non-U.S. government and commercial customers was $9.2 billion in 2025, $8 billion in 2024 and $6.1 billion in 2023, which represented 17% of our consolidated revenue in 2025, 17% in 2024 and 14% in 2023.”

Annual report 2025A · The company itself

GenmabBiotechnology

Geography · strengthens · strength 1/3

“Genmab’s Japan office is located in Roppongi, an international business district in the center of Tokyo. It offers an open and collaborative environment that fosters Genmab’s culture of innovation and teamwork.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In 2025, Tivdak achieved additional regulatory approvals in the EU, Japan, and the UK, marking the start of a new chapter in its global reach. Tivdak also continues to catalyze our evolution into a fully integrated, end-to-end company.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our approved medicines are EPKINLY/TEPKINLY, which Genmab is co-developing and co-commercializing in the US and Japan in collaboration with AbbVie and Tivdak, which Genmab is co-developing globally and co-promoting in the US in collaboration with Pfizer and exclusively by Genmab outside of the US and China.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Prescribing Information for DARZALEX and DARZALEX FASPRO for the labeled indication and safety information. Approved in the Treatment of RMS • Human CD20 monoclonal antibody developed and commercialized by Novartis under a license agreement with Genmab • Approved in territories including the US, EU and Japan for treatment of RMS in adults • First B-cell therapy that can be self-administered by patients using the Sensoready® autoinjector pen Ofatumumab is a human monoclonal antibody that targets an epitope on the CD20 molecule encompassing parts of the small and large extracellular loops.”

Annual report 2025A · The company itself

Genuine Parts CompanySector unknown

Geography · strengthens · strength 1/3

“United States $ 1,254,960 $ 1,161,136 $ 935,583 Europe 423,976 384,161 339,330 Canada 238,360 189,978 147,404 Australasia 253,670 214,677 193,638 Mexico 1,174 808 830 Total net property, plant and equipment $ 2,172,140 $ 1,950,760 $ 1,616,785 Net sales are disaggregated by geographical region for each of our reportable segments, as we deem this presentation best depicts how the nature, amount, timing and uncertainty of net sales and cash flows are affected by economic factors.”

Annual report 2025A · The company itself

Getinge AB (publ)Sector unknown

Geography · strengthens · strength 1/3

“Dessa lösningar når ut till cirka 30 000 kunder i 135 länder globalt, och är representerade på de tio största sjukhusen på samtliga marknader.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Americas representerade koncernens största marknad med 45 % (41) av omsättningen, följt av EMEA på 35 % (37). APAC svarade för 20 % (22) av omsättningen. Produktionen bedrivs vid totalt 25 anläggningar i Frankrike, Kina, Nederländerna, Polen, Storbritannien, Sverige, Turkiet, Tyskland och USA.”

Annual report 2024A · The company itself

Glaston Oyj AbpSector unknown

Geography · strengthens · strength 1/3

“Asia accounts for 20% of procurement.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Further we will increase our footprint in regions which are still showing notable progress for Offset products, mainly APAC and South America.”

Annual report 2025A · The company itself

GN STORE NORD A/SMedical devices

Geography · strengthens · strength 1/3

“In Rest of World, GN continued to do well with significant market share gains across many markets, leading to a solid organic revenue growth contribution. The growth was supported by strong performance across markets like ANZ, India, and Global Distributor Sales, while the growth was negatively impacted by a difficult Chinese market.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Revenue 4,858 DKKm Share of group revenue 20%”

Annual report 2025B · From the report

Geography · strengthens · strength 1/3

“In June, the SUNRISE trial confirmed efficacy of Vyepti ® in Asian population with chronic migraine, and we initiated discussions with relevant regulatory authorities with the aim of making eptinezumab available for people suffering from migraine across Asia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In International Operations, Japan hit 12.6% market share during the fourth quarter of 2025, resulting in +11% demand growth in the quarter.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“This performance is mainly impacted by the continued generic erosion, particularly in Japan, Canada and Italy, partially offset by demand growth in a few other markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Revenue reached DKK 4,858 million, a decrease of -3% CER (-7% DKK).”

Annual report 2025A · The company itself

H+H INTERNATIONAL A/SBuilding materials

Geography · strengthens · strength 1/3

“Revenue in Poland was DKK 879 million compared to DKK 846 million in 2024. Organic growth was positive by 2%.”

Annual report 2025A · The company itself

HalliburtonSector unknown

Geography · strengthens · strength 1/3

“Middle East/Asia revenue in 2025 was $5.8 billion, a 4% decrease compared to 2024, resulting from lower activity across multiple product service lines in Saudi Arabia and Malaysia.”

Annual report 2025A · The company itself

HANZA ABSector unknown

Geography · strengthens · strength 1/3

“I dag omfattas segmentet Övriga marknader av HANZAs tillverkningskluster i Baltikum, Centraleuropa och Kina.”

Annual report 2024A · The company itself

HARBOES BRYGGERI A/SConsumer goods

Geography · strengthens · strength 1/3

“Vi har blandt andet set en fortsat positiv udvikling med vores alkoholfri maltdrik, Hyper Malt, som vi sælger og markedsfører i blandt andet Afrika og Americas med afsæt i fornyet indsigt i forbrugsmønstre og markedspotentiale, og vi har indgået nye større aftaler med distributører og kunder.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Den samme positive udvikling gælder vores Harboe øl, som vinder frem i blandt andet Afrika.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“På eksportmarkederne skal vi skabe vækst på prioriterede markeder, hvor forbrugerne tilvælger vores egne brands og produkter.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Harboes drikkevarer sælges og markedsføres i vid udstrækning til de store kunder i detailhandlen i Danmark og Tyskland, til den dansk-tyske grænsehandel samt på udvalgte markeder i Europa, Afrika, Americas og Asien.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Eksportmarkederne Markedstilgangen på eksportmarkederne sker med udgangspunkt i samarbejde med distributører og samarbejdspartnere på udvalgte markeder, hvor der er potentiale for fornuftige indtjeningsmarginer og mulighed for at etablere egentlige nichepositioner med Harboes egne brands. Der er betydelig konkurrence på alle markeder, men økonomisk vækst og stigende købekraft driver også et stigende forbrug af drikkevarer på de valgte markeder.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Stigende salg af Harboe Gold i Afrika drives af markedsindsigt og målrettede brandingaktiviteter.”

Annual report 2026A · The company itself

HasbroSector unknown

Geography · strengthens · strength 1/3

“Additionally, we utilize third-party manufacturers primarily located in the Far East, including China, Vietnam and India, to produce most of our products.”

Annual report 2025A · The company itself

Hershey Company (The)Sector unknown

Geography · strengthens · strength 1/3

“We currently have operations and manufacture product in Mexico, Brazil, India and Malaysia, primarily for consumers in these regions, and distribute and sell confectionery products in export markets of Asia, Latin America, Middle East, Europe, Africa and other regions.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“As part of our strategy, we have made investments outside of the United States, particularly in Canada, Malaysia, Mexico, Brazil, and India.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We derive a substantial portion of our revenues from our international operations, and we plan to continue our business in international markets. As a result, our business and financial performance depend significantly on worldwide economic conditions and the demand for technology hardware, software, and services in, and continued access to, the markets in which we compete.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“For example, we rely on suppliers in Asia for product assembly and manufacture, the operations of whom are subject to local labor laws and other requirements. Any loss of or limitations on their output or their inability to operate could have an adverse effect on our ability to timely deliver our products and services, which would in turn negatively impact our financial performance.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Product Development, Services and Manufacturing The location of our major product development, services, manufacturing, and Hewlett Packard Labs facilities are as follows: Table of Content Americas Puerto Rico—Aguadilla United States—Alpharetta, Andover, Chippewa Falls, Colorado Springs, Fort Collins, Herndon, Houston, Milpitas, Roseville, San Jose, Spring, Sunnyvale, Westford Europe, Middle East, Africa Netherlands—Amsterdam United Kingdom—Erskine Asia Pacific India—Bangalore Singapore—Singapore Taiwan—Taipei ITEM 3.”

Annual report 2025A · The company itself

Hexagon AktiebolagSector unknown

Geography · strengthens · strength 1/3

“Regionalt var den organiska tillväxten 0 % i Nord- och Sydamerika, 2 % i Asien och -1 % i EMEA.”

Annual report 2024A · The company itself

HEXPOL ABSector unknown

Geography · strengthens · strength 1/3

“HEXPOL:s produktionsenheter och distributions center är strategiskt väl placerade i Europa, Asien och Nordamerika.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“HEXPOL Wheels är det enda globala polyuretanhjulsoch däckföretaget med produktionsenheter i Europa, Nordamerika och Asien.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“AFFÄRSOMRÅDE HEXPOL ENGINEERED PRODUCTS I VÄRDEKEDJAN FÖRSÄLJNING 2024 MSEK MEDELANTAL ANSTÄLLDA 2024 RÖRELSEMARGINAL 17,5 % HEXPOL är den enda truckhjulstillverkaren som globalt kan möta kunderna med produktionsenheter i såväl Europa och Nordamerika som i Asien.”

Annual report 2024A · The company itself

Hiab OyjSector unknown

Geography · strengthens · strength 1/3

“Aasian ja Tyynenmeren alueen osuus saaduista tilauksista oli 8 (7) prosenttia.”

Annual report 2025A · The company itself

Hilton WorldwideSector unknown

Geography · strengthens · strength 1/3

“Business Overview Hilton is one of the largest global hospitality companies, with 9,158 properties comprising 1,351,351 rooms in 143 countries and territories as of December 31, 2025.”

Annual report 2025A · The company itself

HMS Networks ABSector unknown

Geography · strengthens · strength 1/3

“Under 2024 förlängdes finansieringsavtalet med den befintliga banken och ett nytt bankavtal tecknades även med den befintliga banken tillsammans med Svensk Exportkredit.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“PEAK-System erbjuder både hårdvara och mjukvara för         procent av försäljningen i Europa, 25 procent i Asien och      FÖRVÄRV Red Lion nu en del av HMS          I december 2023 meddelade HMS att man ingått ett avtal om att förvärva Red Lion Controls med huvudkontor i York, Pennsylvania.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Utveckling sker på huvudkontoret i Halmstad, samt i Ravensburg, Wetzlar, Darmstadt och Buchen (Tyskland), Nivelles (Belgien), Igualada och Bilbao (Spanien), Delft (Nederländerna), York och Mobile (USA) samt i Sibiu (Rumänien). Lokal försäljning och support sköts från säljkontor i Tyskland, USA, Japan, Kina, Singapore, Italien, Frankrike, Spanien, Nederländerna, Indien, Storbritannien, Sverige, Sydkorea, Australien, Förenade Arabemiraten (UAE) och Vietnam, samt genom ett världsomspännande nätverk av distributörer och partners.”

Annual report 2024A · The company itself

HOFSETH BIOCARE ASASector unknown

Geography · strengthens · strength 1/3

“With distributors operating in more than 60 countries, local market expertise is leveraged to tailor sales strategies across Europe, North America, and Asia.”

Annual report 2024A · The company itself

Hormel FoodsSector unknown

Geography · strengthens · strength 1/3

“International The International segment processes, markets, and sells the Company's products through retail and foodservice channels internationally. This segment also includes the results from the Company’s international joint ventures, equity method investments, and royalty arrangements, as well as operations in China and Brazil.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The Company has a global presence within several major international markets, including Australia, Brazil, Canada, China, England, Indonesia, Japan, Mexico, the Philippines, Singapore, and South Korea.”

Annual report 2025A · The company itself

HP Inc.Sector unknown

Geography · strengthens · strength 1/3

“Overview HP is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming and other related technologies.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In addition, we operate in emerging markets, which can be more volatile.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“For example, we rely on manufacturers in Taiwan to produce notebook computers and other suppliers in Asia for product assembly and manufacture and have manufacturing operations in Israel which support our Industrial Graphics business.”

Annual report 2025A · The company itself

Hubbell IncorporatedSector unknown

Geography · strengthens · strength 1/3

“Our international operations accounted for approximately 7% of our Net sales in 2025.”

Annual report 2025A · The company itself

Huhtamäki OyjSector unknown

Geography · strengthens · strength 1/3

“Huhtamaki operates globally, with operations in 35 countries and 71 sites in 106 locations around the world.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Mission Technologies - The properties comprising our Mission Technologies operating segment are located throughout the United States, United Kingdom, and Australia.”

Annual report 2025A · The company itself

HYDROGENPRO ASASector unknown

Geography · strengthens · strength 1/3

“For the Asian market, we entered a partnership with LONGi.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“As HydrogenPro is well positioned through partnership on three continents USA, Europe and East Asia, the energy transition and development of Hydrogen value chain is emerging in India and the Middle East and HydrogenPro is actively pursing projects in these areas.”

Annual report 2024A · The company itself

Idexx LaboratoriesSector unknown

Geography · strengthens · strength 1/3

“We offer commercial reference laboratory diagnostic and consulting services to veterinarians in many developed geographies worldwide, including customers in the U.S., Europe, Canada, Australia, Japan, New Zealand, South Africa, and South Korea, through a network of approximately 80 laboratories.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We maintain a sales presence in the U.S. and in major regions worldwide, including Africa, Asia Pacific, Canada, Europe, and Latin America.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Since our business is global in nature, geopolitical risks and other risks associated with doing business internationally could negatively affect our business, financial condition, and operating results For the year ended December 31, 2025, approximately 36% of our overall revenue and approximately 34%, 81% and 50% of our CAG, LPD, and Water revenues, respectively, were attributable to sales of products and services to customers outside the U.S.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The increase in reference laboratory diagnostic and consulting services revenue was due to higher testing volumes in North America, Europe, and Asia Pacific and higher realized prices. The impact from changes in foreign currency exchange rates increased revenue growth by 0.7%.”

Annual report 2025A · The company itself

Ilkka OyjSector unknown

Geography · strengthens · strength 1/3

“Kansainvälisen toiminnan painopisteemme on erityisesti Ruotsissa ja kehittyvillä markkinoilla Lähi-idässä, jossa toimimme Lianan ja sen tytäryhtiöiden kautta.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Markkinointi-, teknologia ja datapalveluiden markkina-alueena on pääosin Suomi, mutta teknologiapalveluidemme osalta toimimme Lianan, Ungappedin ja Profinderin kautta erityisesti Ruotsissa ja Lianan kautta myös Saksassa, Ranskassa, Lähi-idässä ja HongKongissa.”

Annual report 2025A · The company itself

Illinois Tool WorksSector unknown

Geography · strengthens · strength 1/3

“Enterprise-wide information for the twelve months ended December 31, 2025, 2024 and 2023 was as follows: In millions 2025 2024 2023 Operating Revenue by Geographic Region: United States $ 7,395 $ 7,374 $ 7,576 Canada/Mexico 1,085 1,156 1,146 Total North America 8,480 8,530 8,722 Europe, Middle East and Africa 4,162 4,101 4,147 Asia Pacific 3,079 2,961 2,935 South America 323 306 303 Total operating revenue $ 16,044 $ 15,898 $ 16,107 Operating revenue by geographic region is based on the customers' locations.”

Annual report 2025A · The company itself

Incap OyjSector unknown

Geography · strengthens · strength 1/3

“Our factories are based in Estonia, India, Slovakia, the United Kingdom, and United States. After the acquisition of Lacon Group, completed in February 2026, our new factories are located in Germany and Romania. Our procurement operations are based in Hong Kong, and our headquarters are in Finland.”

Annual report 2025A · The company itself

IncyteSector unknown

Geography · strengthens · strength 1/3

“We have European operations and plan to continue to expand our operations and conduct certain development activities outside of the United States. For example, as part of our plans to expand our activities outside of the United States, we conduct some of our operations in Canada, have commercial and clinical development activities in Japan, maintain an office in China and are working with collaborative partners in additional markets.”

Annual report 2025A · The company itself

Insulet CorporationSector unknown

Geography · strengthens · strength 1/3

“International sales made up 28% of our revenues in 2025, and we expect international sales to contribute significantly to our future growth as we continue to launch Omnipod 5 in additional international markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The Group has a global geographical footprint, with IWS Fleet’s operations primarily focused on Europe, while IWS Services extends its coverage to Europe, Asia– Pacific and the US.”

Annual report 2024A · The company itself

Interactive BrokersSector unknown

Geography · strengthens · strength 1/3

“We currently service approximately 4.4 million cleared customer accounts and have customers residing in over 200 countries and territories around the world.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“During 2025, approximately 30% of our net revenues were generated by our operating subsidiaries outside the U.S.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We operate multiple trading venues, including 13 regulated exchanges and six clearing houses (one of which, ICE Clear Credit, is included in our Fixed Income and Data Services segment discussed below), which are strategically positioned in major market centers around the world, including the U.S., U.K., European Union, or EU, Canada, Asia Pacific and the Middle East.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In addition, as natural gas and Liquefied Natural Gas, or LNG, continue to globalize, we offer one of the broadest footprints of regional and global natural gas benchmarks, which spans North America, Europe and Asia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Revenues also include interest income on certain clearing margin deposits related to our CDS clearing business. •Fixed Income Data and Analytics: We are a leading provider of end-of-day and continuous evaluated pricing services on over three million fixed income securities spanning approximately 150 countries and 80 currencies including sovereign, corporate and municipal bonds, mortgage and asset-backed securities as well as leveraged loans.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“ICE Clear Netherlands is also recognized by BOE as a third-country CCP. •In Singapore, ICE Clear Singapore is an approved clearing house supervised by the MAS.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Creditex Brokerage is authorized to provide automated trading services in Hong Kong, Singapore and Switzerland and is subject to regulatory oversight by national competent authorities in each jurisdiction. •Our Netherlands-based investment firm, ICE Securities Netherlands B.V., operates an order messaging system for the creation and redemption of exchange traded products, or ETPs, in the primary market and is regulated by the AFM and DNB.”

Annual report 2025A · The company itself

Intuitive SurgicalSector unknown

Geography · strengthens · strength 1/3

“(collectively, the “Joint Venture”), with Fosun Pharma), Japan, South Korea, India, Taiwan, and Canada.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In Japan, to date, we received approvals from the Japanese Ministry of Health, Labor and Welfare for our da Vinci Si, Xi, X, 5, and SP surgical systems and various associated instruments and accessories for use in certain da Vinci procedures.”

Annual report 2025A · The company itself

IQVIASector unknown

Geography · strengthens · strength 1/3

“Regulators require clinical trials to involve local populations as part of the process for approving new pharmaceutical products, especially in certain Asian and emerging markets. Understanding the epidemiological and physiological differences in different ethnic populations and being able to conduct clinical trials locally in certain geographies will be important to pharmaceutical product growth strategies, both for multinational and local/regional biopharmaceutical companies. We believe that our global clinical development capabilities and unmatched presence in Asia and other emerging markets make us a strong partner for biopharmaceutical companies managing the complexities of international drug development.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We also continue to invest significantly in growth opportunities in emerging markets, such as the development, launch and enhancement of services in China, India, Turkey, and other countries. We consider our presence in these markets to be an important component of our growth strategy.”

Annual report 2025A · The company itself

ISS A/SService

Geography · strengthens · strength 1/3

“Volume growth contributed around 1%-point to organic growth driven by a combination of increased activity levels at customer sites and expansion of contracts with existing customers, mainly in Northern Europe and Asia & Pacific.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Asia & Pacific benefited from solid growth in Australia, Hong Kong and Singapore.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“of Group revenue 39% of Group employees The region comprises a mix of developed markets, including Australia & New Zealand, Hong Kong and Singapore, as well as developing markets such as Indonesia, India and China. ISS has a strong presence in the region and holds a market-leading position in several countries.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Furthermore, ISS extended and expanded several large key accounts across the Group, especially with high concentration of activity in Asia & Pacific.”

Annual report 2025A · The company itself

ITERA ASASector unknown

Geography · strengthens · strength 1/3

“Itera Ukraine is established in Kyiv, marking the beginning of Itera’s expansion outside the Nordics and the start of our nearshore model.”

Annual report 2024A · The company itself

Jacobs SolutionsSector unknown

Geography · strengthens · strength 1/3

“We serve national, state and local government clients across multiple regions — including the U.S., Europe, U.K., Middle East, and Asia Pacific — and multinational and local private sector organizations globally.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“For fiscal 2025, approximately 38% of our revenue was earned from clients outside the U.S.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“PROPERTIES Our properties consist primarily of office space within general, commercial office buildings located in major cities primarily in the following countries: United States; United Kingdom; Australia; India; Canada; Poland and United Arab Emirates.”

Annual report 2025A · The company itself

Keysight TechnologiesSector unknown

Geography · strengthens · strength 1/3

“As of October 31, 2025, Keysight employed approximately 16,800 people worldwide. Of these, 5,800 were based in the Americas (including 5,500 in the United States), 3,600 in Europe, and 7,400 in the Asia Pacific region.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We anticipate that revenue from international operations will continue to represent a majority of our total revenue.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“% Change 2025 2024 2023 (in millions) Total revenue $ 3,726 $ 3,420 $ 3,685 9% (7)% Revenue for CSG in 2025 increased 9 percent compared to 2024. Acquisitions had a favorable impact of 1 percentage point on the year-over-year revenue change, while foreign currency movements had an immaterial impact.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“These facilities are primarily located in the following countries: United States, Malaysia, Japan, China, Germany, India, United Kingdom, Taiwan, Spain, Korea, Singapore, Romania, and France.”

Annual report 2025A · The company itself

Kimberly-ClarkSector unknown

Geography · strengthens · strength 1/3

“Our strategy includes operations growth outside the U.S., especially in developing markets such as China, Eastern Europe, ASEAN and Latin America.”

Annual report 2025A · The company itself

KITRON ASASector unknown

Geography · strengthens · strength 1/3

“Asia and the US are large markets where we see attractive opportunities.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“The company has operations in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, Malaysia and the United States.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“New facility in Malaysia operational In the first quarter of 2024, Kitron started production at a new production facility in Johor, Malaysia, to diversify the company’s Asian offering outside China.”

Annual report 2024A · The company itself

KLA CorporationSector unknown

Geography · strengthens · strength 1/3

“International revenues accounted for approximately 87% of our total revenues in the fiscal year ended June 30, 2026 and 89% of our total revenues in both of the fiscal years ended June 30, 2025 and 2024.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Our future performance depends, in part, on our ability to continue to compete successfully in Asia, one of the largest markets for our equipment. Our business depends on capital expenditures from these manufacturers which, in turn, depend on many factors including general economic conditions, anticipated market demand, evolving government regulations and capacity constraints.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We maintain significant operations in Israel. Since the establishment of the State of Israel in 1948, a number of armed conflicts have taken place between Israel and its Arab neighbors, and a state of hostility varying in degree and intensity has led to security and economic challenges for Israel.”

Annual report 2026A · The company itself

KONE OYJSector unknown

Geography · strengthens · strength 1/3

“Aasian ja Tyynenmeren, Lähi-idän ja Afrikan (APMEA) alueella saadut tilaukset kasvoivat huomattavasti vertailukelpoisin valuuttakurssein tammi–joulukuuhun 2024 verrattuna.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Aasian ja Tyynenmeren, Lähiidän ja Afrikan alueella aktiviteetin odotetaan kasvavan selvästi.”

Annual report 2025A · The company itself

Konecranes OyjSector unknown

Geography · strengthens · strength 1/3

“Kehittyvillä markkinoilla joulukuun valmistavan teollisuuden PMI osoitti toimintaolosuhteiden parantuneen Intiassa ja Kiinassa mutta heikentyneen Brasiliassa.”

Annual report 2025A · The company itself

Kraft HeinzSector unknown

Geography · strengthens · strength 1/3

“We are a global company with sales and operations in numerous countries within developed and emerging markets. Approximately 33% of our 2025 net sales were generated outside of the United States. As a result, we are subject to risks inherent in global operations.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“As of December 27, 2025, we operated 69 manufacturing and processing facilities. We own 65 and lease four of these facilities. Our manufacturing and processing facilities count by segment as of December 27, 2025 was: Owned Leased North America 32 2 International Developed Markets 17 — Emerging Markets(a) 16 2 (a) Emerging Markets represents the aggregation of our WEEM and AEM operating segments.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We manage our operating results through four operating segments: North America, Europe and Pacific Developed Markets (“EPDM” or “International Developed Markets”), West and East Emerging Markets (“WEEM”), and Asia Emerging Markets (“AEM”).”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Favorable volume/mix was primarily driven by Taste Elevation, particularly in Brazil and China, which more than offset unfavorable volume/mix in Indonesia.”

Annual report 2025A · The company itself

Lam ResearchSector unknown

Geography · strengthens · strength 1/3

“Our Future Success Depends Heavily on International Sales and the Management of Global Operations Non-U.S. sales accounted for approximately 93% of total revenue in each of the fiscal years 2026, 2025, and 2024. We expect that international sales will continue to account for a substantial majority of our total revenue in future years.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Fora Form har även mindre försäljning i Japan.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Dessutom inreder Library Interiors, antingen självständigt eller i samarbete med partners, framstående bibliotek runt om i världen. Det gäller såväl folkbibliotek, bibliotek vid akademiska institutioner, skolbibliotek som företagsbibliotek.”

Annual report 2024A · The company itself

Lamor Corporation OyjSector unknown

Geography · strengthens · strength 1/3

“Suuret voitetut projektit Lähi-idässä ja Etelä-Amerikassa ovat olleet keskeisiä tämän liiketoiminnan kasvussa, vahvistaneet yhtiön paikallisia suhteita sekä Lamorin teknologisia ja operatiivisia kyvykkyyksiä olla mukana vastaavissa hankkeissa ympäri maailmaa.”

Annual report 2024A · The company itself

LeidosSector unknown

Geography · strengthens · strength 1/3

“Approximately 8% of our revenues are generated by entities located outside of the United States.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“uInternational – Leidos delivers a wide range of mission-focused services across multiple domains to address critical threats and provide innovative solutions to government agencies in the UK and Australia.”

Annual report 2026A · The company itself

Lifco AB (publ)Sector unknown

Geography · strengthens · strength 1/3

“Dessa tillverkas i Lifcos tandtekniska laboratorium i Sverige, Filippinerna, Kina och Tyskland samt hos en underleverantör i Turkiet.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Av Lifcos totala antalet medarbetare verkar 86% i Europa, 10% i Asien och 4% i Nordamerika.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Lifcobolagens verksamhet med sammansättning och återförsäljning gör de enskilda bolagen beroende av sina centrala leverantörer avseende bland annat leveransförmåga, produktkvalitet, pris och hållbarhetsrisker. De flesta av Lifcobolagens inköp sker från leverantörer nära verksamheterna i Europa. Vissa leverantörer eller leverantörernas underleverantörer bedriver verksamhet i andra regioner, framför allt Asien.”

Annual report 2024A · The company itself

Linde plcSector unknown

Geography · strengthens · strength 1/3

“International – Linde is a global enterprise with approximately 64% of its 2025 sales outside of the United States. The company also has majority or wholly owned subsidiaries that operate in approximately 50 European, Middle Eastern and African countries (including Germany, the United Kingdom (U.K.), France, Sweden, and the Republic of South Africa); approximately 15 Asian and South Pacific countries (including China, Australia, India and South Korea); and approximately 20 countries in North and South America (including the U.S., Canada, Mexico and Brazil).”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We believe we have one of the largest global networks of live entertainment businesses in the world, with offices in 51 countries worldwide.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We provide services in various jurisdictions abroad through a number of brands and businesses that we own and operate, as well as through joint ventures, and we expect to continue to expand our international presence.”

Annual report 2025A · The company itself

LumentumSector unknown

Geography · strengthens · strength 1/3

“We derive a majority of our revenue from our international operations, and we plan to continue expanding our business in international markets in the future. In addition, we have extensive international manufacturing capabilities through third-party contract manufacturers, as well as through our own international facilities, with employees engaged in R&D, administration, manufacturing, support and sales and marketing activities.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK Foreign Exchange Risk We conduct our business and sell our products to customers primarily in Asia, Europe, and North America.”

Annual report 2026A · The company itself

Marimekko OyjSector unknown

Geography · strengthens · strength 1/3

“Net sales were boosted especially by the growth of wholesale sales in the Asia-Pacific region and Europe as well as increased retail sales in Scandinavia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In total, net sales in Finland grew by 1 percent and international sales increased by 7 percent with all international market areas growing.”

Annual report 2025A · The company itself

Marsh McLennanSector unknown

Geography · strengthens · strength 1/3

“Consolidated Revenue and Expense Revenue – Non-GAAP Revenue and Components of Change The Company advises clients in 130 countries.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“U.S./Canada rose 3% on an underlying basis. Total International produced underlying revenue growth of 5%, reflecting growth of 6% in EMEA, 4% in Asia Pacific, and 2% in Latin America.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Specialties’ production facilities are located in Michigan, Ohio, Nevada, North Carolina, Indiana and Pennsylvania, and products are shipped to customers domestically and worldwide.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“From locations around the world, our brands reach consumers in approximately 150 countries and territories.”

Annual report 2025A · The company itself

McDonald'sSector unknown

Geography · strengthens · strength 1/3

“2025 FINANCIAL PERFORMANCE In 2025, global comparable sales increased 3.1%. •Comparable sales in the U.S. increased 2.1%, benefiting from average check growth. •Comparable sales in the International Operated Markets increased 3.2%, reflecting positive comparable sales in nearly all markets, led by Germany and Australia. •Comparable sales in the International Developmental Licensed Markets increased 4.6%.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“While developmental license and affiliate arrangements are largely the same, affiliate arrangements are used in a limited number of foreign markets (primarily China and Japan) within the International Developmental Licensed Markets, as well as a limited number of individual restaurants within the International Operated Markets, where the Company also has an equity investment and records its share of net results in equity in earnings of unconsolidated affiliates.”

Annual report 2025A · The company itself

MedCap AB (publ)Sector unknown

Geography · strengthens · strength 1/3

“Utveckling och tillverkning av kolfiberkomponenter för medicintekniska applikationer, företrädesvis inom radiologiområdet till exempel för mammografi. Europa och USA samt viss försäljning till Asien.”

Annual report 2024A · The company itself

MedtronicSector unknown

Geography · strengthens · strength 1/3

“We develop, manufacture, distribute and sell our products globally. We intend to continue to expand our operations and to pursue growth opportunities outside the U.S., especially in emerging markets.”

Annual report 2026A · The company itself

MetLifeSector unknown

Geography · strengthens · strength 1/3

“Asia Our Asia operations are geographically diverse encompassing both developed and emerging markets. We operate in nine jurisdictions throughout Asia, with our largest operation in Japan.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Adjusted premiums, fees and other revenues for the year ended December 31, 2025 increased $11 million, or less than 1%, compared to 2024. Adjusted premiums, fees and other revenues, net of foreign currency fluctuations, increased $45 million, or 1%, compared to 2024, as increases in premiums in life products in Korea and Bangladesh were largely offset by lower fee income from Japan’s foreign currency-denominated life and annuity products and a decrease in premiums from Japan’s accident & health products.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Adjusted premiums, fees and other revenues for the year ended December 31, 2024 decreased $212 million, or 3%, compared to 2023. Adjusted premiums, fees and other revenues, net of foreign currency fluctuations, increased $149 million, or 2%, compared to 2023, as increases in premiums in Korea and Australia, as well as fee income from Japan’s foreign currency life and annuity products, were partially offset by a decrease in premiums from Japan’s accident & health and yen-denominated life products.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Asia The Asia segment offers a broad range of products and services to both individuals and corporations, as well as to other institutions, and their respective employees, which include life insurance, accident & health insurance and retirement and savings.”

Annual report 2025A · The company itself

Metsä Board OyjSector unknown

Geography · strengthens · strength 1/3

“By market area, 60% (58) of sales came from Europe, 25% (27%) from the Americas, and 15% (15) from Emerging markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Development of business operations Consumerboard (folding boxboard) In 2025, folding boxboard deliveries amounted to 890,000 tonnes (992,000), of which 59% (56) was delivered to Europe, 22% (24) to the Americas, and 19% (20) to developing markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Containerboard (white kraftliner) In 2025, total white kraftliner deliveries were 474,000 tonnes (480,000), of which 54% (52) was delivered to Europe, 43% (45) to the Americas, and 3% (3) to developing markets.”

Annual report 2025A · The company itself

Mettler ToledoSector unknown

Geography · strengthens · strength 1/3

“We are subject to risks associated with our international operations, including our significant concentration of business in China. We conduct business in many countries, including emerging markets in Asia, Latin America, and Eastern Europe, and these operations represent a significant portion of our sales and earnings.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our business is geographically diversified, with net sales in 2025 derived 42% from North and South America, 29% from Europe, and 29% from Asia and other countries.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Historically, we also have experienced higher inflation in China, Eastern Europe, India, and Brazil.”

Annual report 2025A · The company itself

Microchip TechnologySector unknown

Geography · strengthens · strength 1/3

“During fiscal 2026, we increased capabilities at our Thailand and Philippines facilities to support more technologies by making process improvements, upgrading existing equipment, and adding equipment. During fiscal 2026, approximately 67% of our assembly requirements were being performed in our internal facilities and approximately 69% of our test requirements were performed in internal facilities.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Our direct sales force focuses on a wide variety of strategic accounts in three geographical markets: the Americas, Europe and Asia. We currently maintain sales and technical support centers in major metropolitan areas in all three geographic markets.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Sales to foreign customers account for a substantial portion of our net sales. During fiscal 2026, approximately 75% of our net sales were made to foreign customers, including 18% in China and 15% in Taiwan.”

Annual report 2026A · The company itself

Micron TechnologySector unknown

Geography · strengthens · strength 1/3

“Our R&D centers are located in Boise, Idaho; San Jose, California; India; Japan; Taiwan; Singapore; China; Italy; Mexico; Germany; Malaysia; and other sites in the United States.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In addition to our U.S. operations, a substantial portion of our operations are conducted in Taiwan, Singapore, Japan, Malaysia, China, and India, and many of our customers, suppliers, and vendors also operate internationally.”

Annual report 2025A · The company itself

Midsummer ABSector unknown

Geography · strengthens · strength 1/3

“Produktionsutrustningen säljs på export, främst till Asien och Europa .”

Annual report 2024A · The company itself

ModernaSector unknown

Geography · strengthens · strength 1/3

“Our foreign currency revenue exposure in 2025 was primarily associated with the Canadian dollar, Euro, Korean won, and Mexican peso markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our Coors Light and Miller Lite brands in the Americas represented approximately 55% of segment net sales in 2025 while, Carling, Staropramen, Coors, Madrí Excepcional, Ožujsko, and Bergenbier brands in EMEA&APAC represented approximately 45% of segment net sales in 2025, with several of our other brands representing a significant share of their respective markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Global Operations We sell our products in over 150 countries and have operations in approximately 80 countries, including 145 principal manufacturing and processing facilities across 49 countries. The portion of our net revenues generated outside the United States was 75.8% in 2025, 74.0% in 2024 and 73.4% in 2023.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We are a global company and generated 75.8% of our 2025 net revenues, 74.0% of our 2024 net revenues and 73.4% of our 2023 net revenues outside the United States.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our growth strategy depends in part on our ability to expand our operations in emerging markets, including among others Brazil, China, India, Mexico, Argentina, Eastern Europe, the Middle East, Africa and Southeast Asia.”

Annual report 2025A · The company itself

Moody's CorporationSector unknown

Geography · strengthens · strength 1/3

“Table of Contents Market Risk FX risk: Moody’s maintains a presence in more than 40 countries.”

Annual report 2025A · The company itself

Morgan StanleySector unknown

Geography · strengthens · strength 1/3

“We conduct our business from our headquarters in and around New York City, our regional offices and branches throughout the U.S. and our principal offices in London, Frankfurt, Tokyo, Hong Kong and other world financial centers.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Net Revenues by Region1 ($ in millions) 1.For a discussion of how the geographic breakdown of net revenues is determined, see Note 22 to the financial statements. •Americas net revenues in 2025 increased 13% from the prior year, driven by higher results across all business segments. •EMEA net revenues in 2025 increased 16% from the prior year, primarily driven by higher Equity revenues within the Institutional Securities business segment. •Asia net revenues in 2025 increased 23% from the prior year, primarily driven by higher results in Equity and Investment Banking within the Institutional Securities business segment.”

Annual report 2025A · The company itself

Mosaic Company (The)Sector unknown

Geography · strengthens · strength 1/3

“India and China Distribution Businesses Our China and India distribution businesses market phosphate-, potash- and nitrogen-based crop nutrients and provide other ancillary services to wholesalers, cooperatives, independent retailers and farmers in the Asia-Pacific regions. These operations provide our Phosphate and Potash segments access to key markets outside of North and South America and serve as a marketing agent for our Phosphate segment.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The countries that account for the largest amount of our phosphates sales outside the U.S., by volume, are Canada, Brazil, Colombia, Australia and Argentina.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We also market our Potash segment’s products through our Mosaic Fertilizantes segment and our China and India distribution businesses, which acquire potash primarily through Canpotex. The countries that account for the largest amount of international potash sales, by volume, are Brazil, China, Indonesia, India and Belgium.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In 2025, we derived approximately 64% of our net sales from customers located outside of the U.S.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We are a global business with substantial assets located outside of North America. Our operations in Brazil, China, India and Paraguay are fundamental to our business.”

Annual report 2025A · The company itself

MOWI ASASector unknown

Geography · strengthens · strength 1/3

“Consumption in the Asian market increased by 6.2% compared with 2023 with good growth in all key markets.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“A new sales agreement with Mowi Sales & Marketing has been entered into, replacing Arctic Fish' old external agreement. The aim of the new agreement is to improve value realisation and market access.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Price and volume developments Prices for salmon of Icelandic origin had a positive development in 2024 compared with 2023.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Our NIBD (excluding effects of IFRS 16) was EUR 1 867.1 million as of December 31, 2024, up from EUR 1 790.3 million as of December 31, 2023, of which EUR 132.7 million in Arctic Fish.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Europe is by far the largest market for our salmon, followed by Americas and Asia.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“The largest increase originated from Chile where we increased the number of ASC certified sites from 14 to 23. In Chile, there was an early harvest due to jellyfish, just prior to the BAP certification being successfully obtained, leading to 99,75% of the harvest volumes being BAP certified in 2024.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“The Group’s farming activities are located in Norway, Scotland, Canada, Chile, Ireland, Iceland and the Faroe Islands.”

Annual report 2024A · The company itself

MSCISector unknown

Geography · strengthens · strength 1/3

“Table of Contents Demand for our products and services is still nascent in many parts of the world, particularly in certain emerging markets where investment management practices, including risk management and sustainability and climate integration, are less established. In addition, the data required to model local securities in some emerging markets might be difficult to source and local investment product nuances may be difficult or costly to model.”

Annual report 2025A · The company itself

Multiconsult ASASector unknown

Geography · strengthens · strength 1/3

“United Kingdom: Multiconsult UK Ltd. Serbia: Iterio LLC Belgrade. Portugal: FHK – Laboratorio De Arquitectura, Lda.”

Annual report 2024A · The company itself

Munters Group ABSector unknown

Geography · strengthens · strength 1/3

“I nuläget sker försäljning till hela regionen från flertal försäljningskontor som täcker alla centrala marknader. Kina, Indien och Japan är de största marknaderna.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Anläggningen kommer att tillverka hela Munters portfölj av kylsystem Andel av koncernens försäljning • Geografisk expansion till nya regioner såsom Latinamerika och Asien 28% • Fortsatt utveckling av nära samarbete med ledande kunder samt branschpartnerskap för att öka räckvidden och komplettera vårt eget erbjudande, exempelvis inom vätskekylning (2023: 24) • Expandera regionalt i APAC genom att dra nytta av Geoclimas säljstyrka i regionen samt deras produktionsanläggning • Den första större ordern togs emot för LCX-kylsystemet, en vatten-till-vatten CDU (coolant distribution unit) STRATEGI Marknad Under året fortsatte hyperscalers att investera i datacenter för att möta den höga efterfrågan, både genom egna investeringar och genom att hyra utrymme från colocationleverantörer.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Hotraco tillför cirka 45 000 uppkopplade kontrollenheter till FoodTechs ekosystem för datainsamling och analys. • AgriWebb (AU) är en ledande leverantör av mjukvara för produktion av nötkött. AgriWebb hanterar för närvarande över 23 miljoner boskap i 18 länder, främst i Australien, Storbritannien, USA och Brasilien.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Parallellt spänner det över flera olika nivåer i värdekedjan i stora delar av världen framförallt USA, Latinamerika och Sydostasien. Integratörerna har i sin tur mycket stora kunder bland annat inom restaurangkedjor, som ställer långtgående krav på sina leverantörer.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Våra kunder finns huvudsakligen i Nordamerika, Europa och Asien.”

Annual report 2024A · The company itself

Nasdaq, Inc.Sector unknown

Geography · strengthens · strength 1/3

“Nasdaq’s market technology solutions are utilized by leading markets in North America, Europe, Asia, Middle East, Latin America and Africa.”

Annual report 2025A · The company itself

NCAB Group AB (publ)Sector unknown

Geography · strengthens · strength 1/3

“Expandera geografiskt till nya marknader genom förvärv för att accelerera processen Det finns flera geografiska marknader där vi ännu inte etablerat lokal närvaro, till exempel stora och växande marknader i Asien eller delar av Nordamerika. Under 2024 har vi stärkt vår närvaro i Europa genom förvärv i Belgien och Österrike samtidigt som vi fortsatt att undersöka möjligheter på andra nyckelmarknader, allt för att påskynda tillväxten och utöka vår globala räckvidd.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Under 2024 samarbetade vi med 33 huvudfabriker – 18 i Kina, fem i Taiwan, sju i Europa och USA, två i Sydkorea samt en i Thailand – vilket ger en god riskspridning, och samtidigt innebär att vi kan erbjuda ett brett utbud av mönsterkort till våra kunder.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Vi har genomfört eller påbörjat uppgraderingar av tillverkningen i Thailand och Australien, och vi etablerar nya teknikcentra i asiatiska städer där viktiga kunder finns.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Tyngdpunkten av försäljningen ligger i Europa och Nordamerika, men Nederman är också aktivt på ett antal marknader i Asien och Sydamerika.”

Annual report 2024A · The company itself

NEKKAR ASASector unknown

Geography · strengthens · strength 1/3

“Syncrolift also has local presence in important markets through subsidiaries in the US, India and in Singapore alongside a sales/service office in Dubai and Australia.Syncrolift is the global market leader for shiplifts and transfer systems offered to repair and newbuilding yards.”

Annual report 2024A · The company itself

NewmontSector unknown

Geography · strengthens · strength 1/3

“Segment Information The Company's 13 reportable segments consist of each of its 12 mining operations that it manages and its 38.5% proportionate interest in Nevada Gold Mines ("NGM"), which it does not directly manage.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In October 2025, the Company declared commercial production at its Ahafo North project in Ghana resulting in classification as a reportable segment.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Artisanal, small scale and illegal miners have been active on, or adjacent to, some of Newmont’s African and South American properties, including in Peru, Suriname and Ghana in recent years.”

Annual report 2025A · The company itself

News Corp (Class A)Sector unknown

Geography · strengthens · strength 1/3

“Table of Contents REA Group’s international operations consist primarily of its 78.0% interest in REA India, which operates Housing.com in India (News Corp holds a 22.0% interest in REA India), and its 61.5% interest in Planitar, which operates iGUIDE, a provider of AI-powered 3D virtual tour and interactive floor plan technology based in Canada.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“A substantial portion of the Company’s revenues are derived outside the U.S., and the Company may continue to expand its international operations.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Nightingale Healthilla on suomalainen emoyhtiö sekä tytäryhtiöt Isossa-Britanniassa, Japanissa, Ruotsissa, Saksassa, Singaporessa, Suomessa, Virossa ja Yhdysvalloissa.”

Annual report 2025A · The company itself

Nike, Inc.Sector unknown

Geography · strengthens · strength 1/3

“•Asia Pacific & Latin America revenues decreased 1% on a currency-neutral basis primarily due to lower revenues in Southeast Asia & India, Japan and Korea, partially offset by higher revenues in Central & South America and Pacific.”

Annual report 2026A · The company itself

NNIT A/SIT consulting

Geography · strengthens · strength 1/3

“NNIT is a trusted Danish IT and consulting partner with a global footprint across Europe, the US, and Asia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“When adjusted for this one-off event, underlying performance showed solid growth, with an estimated organic growth increase of 9.9%. This positive underlying momentum was driven by Region Asia’s successful expansion of its customer base, particularly among local market customers, while maintaining existing customers.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In 2025, Region Asia returned to positive growth, driven by the extension of long-term customer engagements and the successful expansion of its customer base to include a greater number of local customers.”

Annual report 2025A · The company itself

Nolato AktiebolagSector unknown

Geography · strengthens · strength 1/3

“Koncernens utveckling, produktion och försäljning sker i mer än tio länder i Europa, Asien och Nordamerika.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Närvaro i över 10 länder Asien 11% USA 26% Övriga Nordamerika 3% Övriga Europa 33% FRAMGÅNGSRIK SAMMANSLAGNING AV TVÅ AFFÄRSOMRÅDEN Nolato ser att många av kunderna optimerar resurser och närvaro utifrån ett globalt marknadsperspektiv och söker därför globala leverantörer med lokal närvaro.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Under 2024 har vi etablerat Nolato i Indien och vi expanderade på ett flertal platser.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Utveckling, produktion och försäljning sker i följande länder: › Sverige › Ungern › Schweiz › Rumänien › USA › Malaysia › Kina › Mexiko › Indien Framåtblick Affärsområdet fokuserar framåt på att intensifiera försäljningsarbetet inom prioriterade områden.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Nolato är en svensk, börsnoterad koncern med 5.837 anställda i helägda dotterbolag i Europa, Asien och Nordamerika.”

Annual report 2024A · The company itself

NORBIT ASASector unknown

Geography · strengthens · strength 1/3

“Approximately 54 per cent of the revenues were generated from customers in Europe, Africa and Middle East, 24 per cent in Americas and the remainder in Asia-Pacific.”

Annual report 2024A · The company itself

Norconsult ASASector unknown

Geography · strengthens · strength 1/3

“The Group operates two small offices in South-East Asia and leverages its global knowledge hubs to address international client needs. This strategy allows Norconsult to further strengthen its Nordic presence while selectively pursuing highpotential opportunities in international markets.”

Annual report 2024A · The company itself

NORSKE SKOG ASASector unknown

Geography · strengthens · strength 1/3

“The Norske Skog Boyer mill in Australia will be discontinued in 2025.”

Annual report 2024A · The company itself

Northern TrustSector unknown

Geography · strengthens · strength 1/3

“The Corporation has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Client relationships are managed through the Bank and the Bank’s and the Corporation’s other subsidiaries, including support from locations in North America, Europe, the Middle East, and the Asia-Pacific region.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“On the basis of averages, the percentage of total assets attributable to foreign activities was 32% as of both December 31, 2025 and 2024. On the basis of averages, the percentage of total liabilities attributable to foreign activities was 54% as of both December 31, 2025 and 2024.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our brands offer itineraries to worldwide destinations including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We believe there remains significant opportunity to expand our passenger sourcing into major markets in the future, such as Europe and Australia, as well as into emerging markets and to expand our itineraries in new markets.”

Annual report 2025A · The company itself

NvidiaSector unknown

Geography · strengthens · strength 1/3

“We sell our products internationally, and we also have operations and conduct business internationally. Our semiconductor wafers are manufactured, assembled, tested and packaged by third parties located outside of the United States, and we generated 31% of our revenue in fiscal year 2026 from sales outside the United States.”

Annual report 2026A · The company itself

NXP SemiconductorsSector unknown

Geography · strengthens · strength 1/3

“As of February 19, 2026, the Company operates owned manufacturing facilities primarily in the United States, Netherlands, Malaysia, China, Thailand and Taiwan, as well as in Singapore (SSMC) together with our joint venture partner TSMC.”

Annual report 2025A · The company itself

Occidental PetroleumSector unknown

Geography · strengthens · strength 1/3

“The Company’s international assets are primarily located in Algeria, Oman, Qatar and the UAE.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Proved oil, NGL and natural gas reserves were estimated using the unweighted arithmetic average of the first-day-of-the-month price for each month within the year, unless prices were defined by contractual arrangements.”

Annual report 2025A · The company itself

ODFJELL SESector unknown

Geography · strengthens · strength 1/3

“Significant Markets and Customer Base: We operate on a global scale, serving key markets across the Americas, EMEA, Asia, and the Pacific.”

Annual report 2024A · The company itself

Omnicom GroupSector unknown

Geography · strengthens · strength 1/3

“Financial Performance Worldwide revenue in 2025 increased by $1.6 billion, or 10.1%, to $17.3 billion compared to $15.7 billion in 2024. Our performance benefited from one month of IPG operations recorded in the fourth quarter of 2025.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In Asia-Pacific, constant currency growth in 2025 of $94.8 million, or 5.1%, compared to 2024 was led by our Media & Advertising discipline, partially offset by underperformance in our Experiential and Precision Marketing disciplines. Our performance in the region also benefited from one month of IPG operations recorded in the fourth quarter of 2025.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Total revenue growth by geographic region was led by North America, which increased $942.0 million, or 10.9%, followed by Europe with an increase of $365.9 million, or 8.2%. Latin America increased $106.5 million, or 24.6%, the Middle East and Africa increased $90.0 million, or 28.2%, and Asia-Pacific increased $78.4 million, or 4.2%.”

Annual report 2025A · The company itself

ON SemiconductorSector unknown

Geography · strengthens · strength 1/3

“Headcount As of December 31, 2025, we had approximately 22,600 regular full‑time employees and about 70 part‑time or temporary employees across 33 countries. Of our regular full‑time workforce, roughly 15% are based in the United States and Canada, 12% in Europe and the Middle East, and 73% in Asia Pacific and Japan.”

Annual report 2025A · The company itself

Oncopeptides ABSector unknown

Geography · strengthens · strength 1/3

“Kommersialisering och marknadsexpansion Pepaxti, företagets aggskeppsläkemedel, lanseras för närvarande i Europa, med strategiska partnerskapsavtal som utökar tillgången till Sydkorea, Mellanöstern, Afrika och andra marknader.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Vi har säkrat viktiga partnerskap i Sydkorea, MENA-regionen, Eurasien och övriga Afrika, vilket stärker vår ambition att hjälpa patienter i alla delar av världen. Dessutom har vi gjort framsteg i större asiatiska länder som Japan och Kina.”

Annual report 2024A · The company itself

ORKLA ASASector unknown

Geography · strengthens · strength 1/3

“Samlet er Orkla en av Norges ledende virksomheter med sterke markedsposisjoner i Norden, Baltikum, Sentral- Europa og utvalgte markeder globalt.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Jotun har et attraktivt geografisk fotavtrykk med over 50 % av salget i markeder med høy vekst.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Over tid har Orkla som ambisjon å utvikle sitt internasjonale fotavtrykk. Selskapet investerer i eksisterende porteføljeselskaper, både organisk og gjennom fusjoner og oppkjøp (M&A).”

Annual report 2024A · The company itself

Orrön Energy ABSector unknown

Geography · strengthens · strength 1/3

“Egenutvecklade projekt Bolaget vidareutvecklar en portfölj om 40 GW av egenutvecklade projekt i tidigt stadie inom landbaserad vindkraft, solenergi och batterilagring i Norden, Storbritannien, Tyskland och Frankrike.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“After the IPO of Bemobi and the -$2,075 thousand (2023: -$3,310 thousand). Cash flow sale of AdColony in 2021, Otello's remaining main asset is from investing activities amounted to $2,826 thousand its 38.2% ownership in Bemobi Mobile Tech S.A (“Bemo- in 2024, vs $2,191 thousand in 2023, comprising a divbi”), a public company listed on the Bovespa exchange idend received from Bemobi.”

Annual report 2024A · The company itself

Outokumpu OyjSector unknown

Geography · strengthens · strength 1/3

“The business area has an extensive service center and sales network across Europe, Middle East, Africa and APAC region.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“External sales by geographical destination € million Finland Germany Italy The UK Poland Other Europe North America APAC region Other countries Group 2025 Operating segment Europe 1,105 3,557 Americas — — — — — 1,668 1,675 Ferrochrome — — — 1,201 1,807 5,468 2024 Operating segment Europe 1,124 1,156 4,044 Americas — — — — — 1,691 1,707 Ferrochrome — — — — — 1,148 1,244 1,805 5,942 Outokumpu generates revenue mainly from sales of stainless steel and ferrochrome.”

Annual report 2025A · The company itself

Pandora A/SConsumer goods

Geography · strengthens · strength 1/3

“Asia Pacific contributed with 1% like-for-like growth, supported by stable performance in Australia and strong growth in Japan.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Built to the highest standards of safety, wellbeing and sustainability, the facility will run on 100% renewable electricity. Once fully operational, it can employ up to 7,000 craftspeople and produce up to 60 million pieces of jewellery annually, boosting our global crafting capacity by around 50% and bringing innovation to the heart of our jewellery crafting.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Building reach remains a priority in lower-penetration markets – particularly North America and parts of Asia – while mature core markets will increasingly shift focus from reach to relevance and earned-media impact.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Consumer testing shows high acceptance, and an in-market pilot is starting imminently ahead of a broader Strengthening our focus in Asia Our new Asia cluster office in Singapore will drive growth across key markets like Greater China, Japan, South Korea and India.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In our most established markets – such as the UK, Italy and Australia – we anticipate steady like-for-like growth, maintaining our leading position while leveraging our vision to become the most desirable, accessible jewellery brand, to further expand market share in less penetrated categories. In markets where our presence is less developed – such as the US, Canada, Asia and smaller markets across our regions – we expect to grow our market share across segments and see potential for consistently higher like-for-like growth.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Pandora operates a fully integrated value chain, with crafting facilities based in Thailand and primary distribution centres located in Germany, Thailand, the UK (third-party operated) and the US.”

Annual report 2025A · The company itself

PANORO ENERGY ASASector unknown

Geography · strengthens · strength 1/3

“Equatorial Guinea: Interest in Block G 14.25% Interest in Block S 12% Interest in Block EG-01 56% Interest in Block EG-23 80% Gabon: Interest in Dussafu Marin permit 17.4997% Interest in Niosi and Guduma 25% Tunisia: Interest in TPS assets 49% South Africa: Application for ER 376 100% PANORO ENERGY 2024 ANNUAL REPORT | APRIL 2025 Page: 6 CEO LETTER Dear Fellow Shareholders: I am pleased to present our Annual Report for 2024. Panoro’s strong operational and financial performance in 2024 consolidates our position as a leading independent oil producer in Africa where we hold a high quality and well diversified portfolio of producing assets in Gabon, Equatorial Guinea and Tunisia.”

Annual report 2024A · The company itself

Parker HannifinSector unknown

Geography · strengthens · strength 1/3

“We offer our products over numerous, varied markets through our divisions operating in 44 countries.”

Annual report 2026A · The company itself

PentairSector unknown

Geography · strengthens · strength 1/3

“Sales outside of the U.S. for the year ended December 31, 2025 accounted for 30% of our net sales.”

Annual report 2025A · The company itself

PepsiCoSector unknown

Geography · strengthens · strength 1/3

“Asia Pacific Foods Either independently or in conjunction with third parties, Asia Pacific Foods makes, markets, distributes and sells a number of convenient food brands including BaiCaoWei, Cheetos, Doritos, Kurkure, Lay’s, Quaker and Smith’s, through consolidated businesses, as well as through noncontrolled affiliates.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our business can be adversely affected if we are unable to grow in developing and emerging markets. Our success depends in part on our ability to grow our business in developing and emerging markets. There can be no assurance that our products will be accepted or be successful in any particular developing or emerging market, due to competition, price, cultural differences, consumer preferences, regulation, method of distribution or otherwise.”

Annual report 2025A · The company itself

PHOTOCURE ASASector unknown

Input · weakens · strength 1/3

“One of the other medium risk suppliers is in Israel. This subcontractor is owned by a major and renowned international company. In this region, water scarcity is a concern, and Israel’s control over water resources and access to water in Palestinian territories, whether for the population or production, poses known human rights risk.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Photocure is commercializing Hexvix/ Cysview directly in the U.S., Canada, and Europe, and has strategic partnerships with Genotests SpA in Chile, Asieris in China, Endotherapeutics in Australia/ New Zealand, Equity Pharma in South Africa, and IGL Medical in Israel.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“As a result, the direct impact on our business and financial performance from economic conditions outside the U.S. is not likely to be significant, although the impact would increase if we expanded our foreign business and operations more than nominally.”

Annual report 2025A · The company itself

Precise Biometrics ABSector unknown

Geography · strengthens · strength 1/3

“Allra bäst momentum har vi under året upplevt på mobiltelefonmarknaden, där vi vunnit flera nya projekt och sett nya produkter med vår mjukvara nå slutkonsumenter både i Asien och USA.”

Annual report 2024A · The company itself

Pricer AktiebolagSector unknown

Geography · strengthens · strength 1/3

“Pricer genomför årligen inköp av betydande belopp, främst från leverantörer i Asien. Samtliga underleverantörer genomgår en godkännandeprocess där såväl produktsäkerhet som företagsansvar utvärderas.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“We offer mutual funds and investment management services to individuals and institutional investors.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Southeast Asia. We offer mutual funds, asset management services and retirement solutions through our joint ventures in Malaysia, Principal Asset Management Berhad (“PAM”) and Principal Islamic Asset Management Sdn.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Hong Kong Special Administrative Region. We offer two types of pension saving schemes, Mandatory Provident Fund (“MPF Schemes”) and Occupational Retirement Schemes Ordinance, which we distribute through third party intermediaries such as insurance companies, independent financial advisors, brokers and employee benefit consultants.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The international exposure held in our U.S. operation’s fixed maturities portfolio was 14% of total fixed maturities as of both December 31, 2025 and December 31, 2024. It is comprised of corporate and foreign government fixed maturities.”

Annual report 2025A · The company itself

Procter & GambleSector unknown

Geography · strengthens · strength 1/3

“In the U.S., we own and operate 24 manufacturing sites located in 18 different states. In addition, we own and operate 72 manufacturing sites in 31 other countries.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Profoto har idag försäljning i 51 länder. Även om bolaget är svenskt härrör endast 3,59 procent av intäkterna från Sverige.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Dessa är stora internationella aktörer med produktion i Taiwan och Kina.”

Annual report 2024A · The company itself

Prudential FinancialSector unknown

Geography · strengthens · strength 1/3

“Market Risk Related to Foreign Currency Exchange Rates As a U.S.-based company with significant business operations outside of the U.S., particularly in Japan, we are exposed to foreign currency exchange rate risk related to these operations, as well as in our general account investment portfolio and other proprietary investment portfolios. For our international insurance operations, changes in foreign currency exchange rates create risk that we may experience volatility in the USD-equivalent earnings and equity of these operations.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“The International Businesses segment develops and distributes life insurance, retirement products, investment products and certain accident and health products with fixed benefits to affluent, mass affluent and broad middle income customers predominantly in Japan, Brazil and Mexico, as well as through joint ventures in Chile, China, India and Indonesia, and through strategic investments in Ghana and South Africa.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“(in millions) United States $ 36,801 $ 48,568 $ 31,031 Japan 13,487 13,760 15,538 Other countries 10,486 8,077 7,410 Total PFI consolidated revenue $ 60,774 $ 70,405 $ 53,979 Intersegment revenues Management has determined the intersegment revenues with reference to market rates.”

Annual report 2025A · The company itself

PTC Inc.Sector unknown

Geography · strengthens · strength 1/3

“Of our total of approximately 897,000 square feet of leased facilities used in operations, approximately 281,000 square feet are located in the U.S., including approximately 169,000 square feet at our headquarters facility located in Boston, Massachusetts, and approximately 267,000 square feet are located in India, where a significant amount of our research and development is conducted.”

Annual report 2025A · The company itself

Puuilo OyjSector unknown

Geography · strengthens · strength 1/3

“The target is to increase the share to 90% by 2028.”

Annual report 2026A · The company itself

Qnity ElectronicsSector unknown

Geography · strengthens · strength 1/3

“As of December 31, 2025, of our more than 10,000 employees, approximately 60% are located in Asia Pacific; 32% are located in the U.S. and Canada; 5% are located in Europe, Middle East and Africa ("EMEA") and 3% are located in Latin America.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Regionally, Asia Pacific represented approximately 79% of our net sales for the year ended December 31, 2025.”

Annual report 2025A · The company itself

QPR Software OyjSector unknown

Geography · strengthens · strength 1/3

“Konsernin liikevaihdosta 39 % (46) tuli Suomesta, 40 % (42) muualta Euroopasta (mukaan lukien Turkki) ja 21 % (12) muualta maailmasta.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“•Asia — Our Asia segment, representing approximately 26% of our Fiscal 2026 net revenues, primarily consists of sales of our Ralph Lauren branded apparel, handbags, footwear & accessories, home, and related products made through our retail and wholesale businesses in Asia, Australia, and New Zealand.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“In Fiscal 2026, the vast majority of our products (by dollar value) were produced outside of the U.S., primarily in Asia, Europe, and Latin America, with approximately 21% of our products sourced from Vietnam, 16% from Cambodia, and 11% from India.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We sell our wholesale merchandise primarily to major department stores, specialty stores, and third-party digital partners across North America, Europe, Asia, Australia, and New Zealand, and extend credit based on an evaluation of each wholesale customer's financial condition, usually without requiring collateral.”

Annual report 2026A · The company itself

Rapala VMC OyjSector unknown

Geography · strengthens · strength 1/3

“Sales in the Asian markets declined as ongoing global trade disputes continued to weigh on consumer sentiment and drive foreign exchange volatility.”

Annual report 2025A · The company itself

REACH SUBSEA ASASector unknown

Geography · strengthens · strength 1/3

“International activity Increased international presence with offices in Australia, Singapore and Aberdeen as well as contract awards in the US, Brazil, Trinidad and Tobago and other regions.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Global Expansion Our operations span across Europe, the Americas, Asia, and Oceania, reflecting our strong international presence.”

Annual report 2024A · The company itself

Rejlers AB (publ)Sector unknown

Geography · strengthens · strength 1/3

“Rejlers verksamhet i Abu Dhabi, som ingår i segment Finland, har utvecklats starkt under året.”

Annual report 2024A · The company itself

RevvitySector unknown

Geography · strengthens · strength 1/3

“Our sales originating outside the United States represented the majority of our total revenue in fiscal year 2025.”

Annual report 2025A · The company itself

Rollins, Inc.Sector unknown

Geography · strengthens · strength 1/3

“The Company's long-lived tangible assets, as well as the Company's operating lease right-of-use assets recognized on the consolidated statements of financial position were located as follows: December 31, 2025 2024 (in thousands) United States $ 504,593 $ 503,767 International 46,122 35,546 81 Table of Contents 20.”

Annual report 2025A · The company itself

RVRC Holding ABSector unknown

Geography · strengthens · strength 1/3

“Lagerhållning av våra produkter sker i Europa och USA medan produktion av produkterna i huvudsak sker i Asien med extra tyngd på Vietnam, Kina och Myanmar.”

Annual report 2022A · The company itself

Saga Furs OyjSector unknown

Geography · strengthens · strength 1/3

“Nahkojen kysynnästä suurin osa suuntautuu Aasian maihin. Yksittäisistä maista etenkin Kiinan kansantalouden ja kuluttajakysynnän kehittymisellä on suurin ja välittömin vaikutus Saga Fursin liiketoimintaan.”

Annual report 2025A · The company itself

SalesforceSector unknown

Geography · strengthens · strength 1/3

“We also lease office space for our operations in various locations throughout the United States, as well as office space in a number of countries in Europe, North America, Asia, South America, Africa and Australia. We operate data centers in the U.S., Europe and Asia pursuant to various co-location lease arrangements.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Total Revenue by Geographic Locations Revenues by geographical region consisted of the following (in millions): Fiscal Year Ended January 31, 2026 2025 2024 Americas $ 27,193 $ 25,143 $ 23,289 Europe 10,017 8,891 8,128 Asia Pacific 4,315 3,861 Revenues by geography are determined based on the region of the Company's contracting entity, which may be different than the region of the customer.”

Annual report 2026A · The company itself

SALMAR ASASector unknown

Geography · strengthens · strength 1/3

“The segment sold approx. 233,000 tonnes of salmon and other fish-based products in 2024. Sales activities concentrate on the markets of Europe, Asia and America. In all, the segment distributes salmon to more than 50 different countries.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Because SalMar attaches particular importance to market proximity, the segment opened a new sales office in Thailand in 2023 and has in addition sales offices in Japan, South Korea, Vietnam, Taiwan and Singapore.”

Annual report 2024A · The company itself

SALMON EVOLUTION ASASector unknown

Geography · strengthens · strength 1/3

“Salmon Evolution has significant international ambitions, illustrated by our North America expansion project as well as our joint venure with Dongwon Industries in South Korea.”

Annual report 2023A · The company itself

SandiskSector unknown

Geography · strengthens · strength 1/3

“Our international sales, which include sales to foreign subsidiaries of U.S. companies but do not include sales to U.S. subsidiaries of foreign companies, represented 82%, 80% and 86% of our net revenue for 2026, 2025 and 2024, respectively.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“As of July 2026, our global team includes approximately 11,100 employees across 33 countries— 74% in Asia Pacific, 19% in the Americas, and 7% in Europe, the Middle East, and Africa.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We conduct our operations at large, high-volume, purpose-built facilities in Japan, Malaysia and other locations in Asia. The facilities of many of our customers, our suppliers and our customers’ suppliers are also concentrated in certain geographic locations throughout Asia and elsewhere.”

Annual report 2026A · The company itself

Sandvik AktiebolagSector unknown

Geography · strengthens · strength 1/3

“I Asien övervägande försäljning via distributörer med ett begränsat serviceerbjudande inom mellansegmentet och direktförsäljning med hög servicenivå inom premiumsegmentet.”

Annual report 2024A · The company itself

SBA CommunicationsSector unknown

Geography · strengthens · strength 1/3

“Our international operations are subject to economic, political, and other risks that could materially and adversely affect our revenues or financial position. Our current business operations in developing markets, and our expansion into any other international markets in the future, could result in adverse financial consequences and operational problems not typically experienced in the United States. The site leasing revenues generated by our international operations were approximately 25.0% of our total revenues during the year ended December 31, 2025, and we anticipate that our revenues from our international operations will continue to grow in the future.”

Annual report 2025A · The company itself

SCANA ASASector unknown

Geography · strengthens · strength 1/3

“A Joint Venture has been formed to penetrate the Asian/Middle East markets, with a more complete product portfolio.”

Annual report 2024A · The company itself

Scanfil OyjSector unknown

Geography · strengthens · strength 1/3

“APAC turnover increased organically by 8.7% compared to 2024.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“As disclosed in the 2024 Sustainability Statement, Scanfil acquired two new factories in Australia and Malaysia in 2024, which have since been included in the Group’s reporting.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“I andra delar av Europa liksom i Asien, Australien, Kanada och Syd- och Centralamerika arbetar bolaget med externa distributörer.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Ett sätt att etablera inhalationssedering på nya marknader Som ett led i att snabbt och med låg risk etablera Sedaconda ACD inom intensivvården i länder där Sedana Medical inte har direktförsäljning sam - arbetar bolaget med distributörer. Utöver bolagets primära fokus på Europa och USA har Sedana Medical distributörer i fler än 30 länder på samtliga kontinenter.”

Annual report 2024A · The company itself

Senzime AB (publ.)Sector unknown

Geography · strengthens · strength 1/3

“Försäljningen i Asien fick ordentlig fart under 2024 genom att vår licenstagare i Japan, Fukuda Denshi, framgångsrikt lanserade den första integrerade patientmonitormodulen baserad på TetraGraph-teknologi. Försäljningen i Sydkorea växte med stöd av ökad s.k. reimbursement och den 300+ installerade basen av TetraGraphs ökade i utnyttjande.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“I USA ökade den totala underliggande försäljningen justerat för valutaeffekter med 74 procent och Asien växte med 171 procent, justerat för valutaeffekter. Justerat för licensintäkt av engångskaraktär för ExSpiron i Kina förra året, växte Asiens totala försäljning med 319 procent.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Huvudmarknaderna för Senzimes produkter är USA, Europa, Japan och Sydkorea. De huvudsakliga kundgrupperna är stora sjukhus i USA och distributörer av medicintekniska produkter i Japan, Sydkorea, Storbritannien, Schweiz och Norden.”

Annual report 2024A · The company itself

Sherwin-WilliamsSector unknown

Geography · strengthens · strength 1/3

“Sales outside of the United States make up a significant part of our current business and future strategic plans.”

Annual report 2025A · The company itself

Simon Property GroupSector unknown

Geography · strengthens · strength 1/3

“Internationally, as of December 31, 2025, we had ownership interests in 42 properties primarily located in Asia, Europe and Canada.”

Annual report unknown yearA · The company itself

Geography · strengthens · strength 1/3

“We also have an interest in operating joint ventures that own full-price malls located in the People’s Republic of China and in South Korea. Our ownership in these properties ranges from 17% to 49%.”

Annual report unknown yearA · The company itself

Sinch AB (publ)Sector unknown

Geography · strengthens · strength 1/3

“Rörelsesegmentet APAC omfattar hela Asien-Stillahavsregionen med Indien och Australien som de största bidragande länderna. APAC står för 16 procent av Sinchs bruttoresultat och är uppdelat i tre delregioner: Australien och Nya Zeeland, Indien och övriga delar av Asien.”

Annual report 2024A · The company itself

Skyworks SolutionsSector unknown

Geography · strengthens · strength 1/3

“We derive significant revenues from customers located outside the United States, primarily in countries located in the Asia-Pacific region and Europe.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We have suppliers located outside the United States, including third-party packaging, assembly, and test facilities and semiconductor foundries located in the Asia-Pacific region. We also operate our own wafer processing facilities in Osaka, Japan, as well as packaging, assembly, and test facilities in Singapore and in Mexicali, Mexico.”

Annual report 2025A · The company itself

Sleep Cycle AB (publ)Sector unknown

Geography · strengthens · strength 1/3

“Med miljontals användare i över 150 länder och global varumärkeskännedom har vi byggt en plattform som hjälper människor att förbättra sin sömn och sin hälsa. Vår app är översatt till 14 språk och finns tillgänglig på de flesta smartphones, vilket gör att vi når en stor del av världens befolkning.”

Annual report 2024A · The company itself

Smurfit WestrockSector unknown

Geography · strengthens · strength 1/3

“Europe, MEA and APAC Segment Net sales before intersegment eliminations for the Europe, MEA and APAC segment increased by $1,316 million, to $10,893 million in the year ended December 31, 2025, from $9,577 million in the year ended December 31, 2024.”

Annual report 2025A · The company itself

SP GROUP A/SIndustrials

Geography · strengthens · strength 1/3

“2026 – specielt i Asien og Nordamerika, som fortsat er fokusområder.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Ligeledes vil vi udbygge Idé-Pro's indiske setup og etablere produktion med nye teknologier.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Der har været vækst i Europa og Asien.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Produktionen sker på fabrikker i Danmark, Polen, Finland, Slovakiet, Kina, Indien og USA.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Produktionen sker på fabrikker i Danmark, Polen, Letland, Kina og USA.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Produktionen sker på fabrikker i Danmark, Sverige, Polen, Letland, Kina og USA.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Ligeledes giver Idé-Pro’s fabrik i Indien nye muligheder for at øge tilstedeværelsen i Asien.”

Annual report 2025A · The company itself

SSAB ABSector unknown

Geography · strengthens · strength 1/3

“Efterfrågan på tillväxtmarknaderna var mer stabil i flera segment.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“The Company has significant operations outside of the U.S., which are subject to political, legal, economic and other risks arising from international operations. The Company has significant operations outside of the U.S., including manufacturing, sales and distribution facilities.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Industry and Economic Risks Uncertainty about the financial stability of economies outside the U.S. could have a significant adverse effect on the Company's business, results of operations and financial condition. The Company generates approximately 38% of its revenues outside the U.S., including 16% from Europe and 13% from various emerging market countries.”

Annual report 2026A · The company itself

StarbucksSector unknown

Geography · strengthens · strength 1/3

“The International segment is a critical profit center. Achievement of our growth targets is partially dependent on sustained performance and growth internationally, particularly in the markets operated by our larger regional licensees and in key company-owned markets outside North America.”

Annual report 2025A · The company itself

STOLT-NIELSEN LIMITEDSector unknown

Geography · strengthens · strength 1/3

“We have more than 50 years of experience and five million cubic metres of storage capacity across 14 terminals including joint ventures. These are in key global locations, giving customers access to critical international shipping and transportation hubs close to their operations.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Our seafood products are available in more than 30 countries and our annual production capacity totals 7,200 tonnes of turbot and 1,800 tonnes of sole.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Total available average capacity at the wholly owned terminals increased to 1,747,547 cubic metres in 2024 from 1,723,720 cubic metres in 2023. This increase in capacity was as a result of expansions in Dagenham, UK and New Zealand.”

Annual report 2024A · The company itself

Stora Enso OyjSector unknown

Geography · strengthens · strength 1/3

“Toiseksi suurin markkina on Aasiassa ja sen osuus liikevaihdosta on 16 %.”

Annual report 2025A · The company itself

Stryker CorporationSector unknown

Geography · strengthens · strength 1/3

“We have exposure to exchange rate fluctuations on cross border transactions and translation of local currency results into United States Dollars: We report our financial results in United States Dollars and approximately 24% of our net sales are denominated in foreign currencies, including the Australian Dollar, British Pound, Canadian Dollar, Euro and Japanese Yen.”

Annual report 2025A · The company itself

SupermicroSector unknown

Geography · strengthens · strength 1/3

“We conduct our operations principally from our Silicon Valley headquarters, and facilities in Taiwan, Malaysia, and the Netherlands.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“International Sales Our global sales efforts are primarily supported by our international offices in the Netherlands, Taiwan, Malaysia, as well as by our United States based sales team.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We intend to expand our international sales efforts, especially into Asia, and we are expanding our business operations in Europe and Asia, particularly in Taiwan, Malaysia, the Netherlands, Japan, Mexico and India.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“(3) Our international facilities include manufacturing facilities primarily located in Taiwan, Malaysia, and the Netherlands.”

Annual report 2026A · The company itself

Svedbergs Group ABSector unknown

Geography · strengthens · strength 1/3

“Tillverkning sker i nära samarbete med leverantörer i Asien och Europa.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Produkterna designas på huvudkontoret i Bath. Produktionen är utlagd på externa tillverkare i Kina och Europa.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Produktionen sker dels i egna produktionsanläggningar, dels hos underleverantörer i främst Tyskland, Italien, Österrike och Kina.”

Annual report 2024A · The company itself

SynopsysSector unknown

Geography · strengthens · strength 1/3

“Outside the United States, we maintain sales, support or service offices in Canada, multiple countries in Europe, Israel and throughout Asia, including Japan, China, Korea, India and Taiwan.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We derive roughly half of our revenue from sales outside the United States, and we expect our orders and revenue to continue to depend on sales to customers outside the U.S.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We currently lease approximately 4 million square feet of space in 35 countries other than the United States, and own buildings in Wuhan, China and Hsinchu, Taiwan as well as office space in Xiamen, China, Pune, India, and Yongin-si, South Korea.”

Annual report 2025A · The company itself

Synsam AB (publ)Sector unknown

Geography · strengthens · strength 1/3

“Synsam köper sina produkter från leverantörer i Europa och Asien, där de egna varumärkena främst kommer från Asien, medan märkesbågar, glas och kontaktlinser huvudsakligen köps in från Europa.”

Annual report 2024A · The company itself

Take-Two InteractiveSector unknown

Geography · strengthens · strength 1/3

“In particular, we believe that there are meaningful opportunities to expand our presence in Asia, the Middle East, and Latin America. Within these regions, China is our most established market, where we offer NBA 2K Online through our partnership with Tencent.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“We sell our products globally and have sales operations in Australia, Canada, Chili, France, Germany, Japan, Singapore, South Korea, Taiwan, United Arab Emirates, the U.K., and the U.S.”

Annual report 2026A · The company itself

Target CorporationSector unknown

Geography · strengthens · strength 1/3

“In addition to our U.S. operations, we perform additional administrative functions in Bangalore, India, and perform global sourcing operations from offices in 12 countries, predominantly in Asia and Central America, and any extended disruption of our operations in our different locations, whether due to labor difficulties or otherwise, could adversely affect our results of operations. In particular, we rely on our administrative functions in India for various business operations and any events that negatively impact the availability or effectiveness of our administrative functions in India, including political or economic uncertainty or instability, the outbreak of pandemics or other illnesses, labor shortages, labor unrest or strikes, weather conditions, natural disasters, geopolitical conflicts, social unrest, terrorist attacks, and armed conflicts, could adversely affect our results of operations and financial condition.”

Annual report 2026A · The company itself

TE ConnectivitySector unknown

Geography · strengthens · strength 1/3

“Fiscal ​ ​ ​ 2025 2024 2023 Asia–Pacific 38 % ​ 34 % ​ 32 % ​ Europe/Middle East/Africa (“EMEA”) 33 ​ ​ 37 ​ ​ 39 ​ ​ Americas 29 ​ 29 ​ 29 ​ ​ Total 100 % ​ 100 % ​ 100 % ​ (1) Net sales to external customers are attributed to individual countries based on the legal entity that records the sale.”

Annual report unknown yearA · The company itself

TELE2 ABSector unknown

Geography · strengthens · strength 1/3

“Litauen och Lettland gav starka finansiella bidrag till koncernen, medan Estland visade stabila operativa framsteg under andra halvåret och gick in i 2025 i bättre form och med en starkare position.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“I Baltikum har vi fortsatt att upprätthålla stark tillväxt både i omsättning och resultat genom framgångsrikt genomförande av vår mobilcentrerade konvergens- och mer-för-mer-strategi, trots fortsatt utmanande makroekonomiska förutsättningar.”

Annual report 2024A · The company itself

Teledyne TechnologiesSector unknown

Geography · strengthens · strength 1/3

“In both 2025 and 2024, sales to customers outside the United States accounted for approximately 48% of total net sales.”

Annual report 2025A · The company itself

Teleste OyjSector unknown

Geography · strengthens · strength 1/3

“Tuotanto tapahtuu omassa tehtaassa Suomessa ja kumppaneiden tehtaissa Aasiassa ja Meksikossa.”

Annual report 2025A · The company itself

Texas InstrumentsSector unknown

Geography · strengthens · strength 1/3

“Analog Embedded Processing North Texas (Dallas, Richardson and Sherman) X X Lehi, Utah X X South Portland, Maine X Tucson, Arizona X Santa Clara, California * X Houston, Texas X Chengdu, China ** X X Shanghai, China * X X Freising, Germany X X Bangalore, India ** X X Aizu, Japan X X Miho, Japan X X Kuala Lumpur, Malaysia ** X X Melaka, Malaysia ** X Aguascalientes, Mexico * X Baguio, Philippines ** X X Pampanga (Clark), Philippines ** X X Taipei, Taiwan ** X X *Leased.”

Annual report 2025A · The company itself

TextronSector unknown

Geography · strengthens · strength 1/3

“During 2025, we derived approximately 31% of our revenues from international business, including U.S. exports.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Economic, political, foreign currency and other risks associated with international sales and operations could adversely affect our results of operations. International markets contribute a substantial portion of our revenues, and we intend to continue expanding our presence in these regions.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“During 2025, sales grew in North America, Europe and Asia-Pacific, but declined in China.”

Annual report 2025A · The company itself

Thule Group ABSector unknown

Geography · strengthens · strength 1/3

“Under året har det även varit märkbart att Thule-varumärkets popularitet växer i Asien, där våra väskkollektioner tar marknadsandelar.”

Annual report 2023A · The company itself

Geography · strengthens · strength 1/3

“Thule Group har cirka 2 600 anställda vid 9 produktionsanläggningar och 35 försäljningskontor över hela världen.”

Annual report 2023A · The company itself

TKO Group HoldingsSector unknown

Geography · strengthens · strength 1/3

“International As of December 31, 2025, a majority of UFC and WWE fans are from international markets. We see a significant opportunity to further monetize and grow in existing international markets through traditional distribution partnerships, direct-to-consumer offerings, live events, consumer products, and partnerships. In addition to further monetizing our existing international markets, we are also focused on the international expansion of our content and programming distribution, with efforts across Europe, Asia Pacific and the Middle East offering significant growth potential.”

Annual report 2025A · The company itself

Tobii ABSector unknown

Geography · strengthens · strength 1/3

“Vi har kontor i: Sverige Belgien Schweiz Tyskland Kina Taiwan USA Storbritannien Japan Sydkorea Irland Rumänien Global närvaro Nettoomsättning per region EMEA 28% Övriga länder 30% Amerika 42% DET HÄR ÄR TOBII Strategiskt ramverk Vår verksamhet Styrning och kontroll Finansiella rapporter Hållbarhetsredovisning Övrig informationAffärsöversikt 6% NETTOOMSÄTTNING SEGMENT NETTO- OMSÄTTNING PÅ Våra segment Våra tre affärssegment strävar efter att etablera Tobii som en betrodd teknologileverantör med en ledande position inom sina respektive områden.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“Under 2024 svarade den amerikanska marknaden för 42 procent (33) av koncernens omsättning, EMEA för 28 procent (33) och övriga världen för 30 procent (34).”

Annual report 2024A · The company itself

Tokmanni Group OyjSector unknown

Geography · strengthens · strength 1/3

“Tokmanni -konsernin tärkeimmät hankintamaat ovat Kiina (23 %) ja Suomi (21 %). Niiden jälkeen tulevat Ruotsi, Puola, Saksa ja Tanska.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Näihin maihin liittyy usein kohonneita työoloihin ja ihmisoikeuksiin liittyviä riskejä.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Shanghain-hankintatoimisto vastaa kaikista hankinnoista Kiinassa, Vietnamissa ja Bangladeshissa. Intiassa, Pakistanissa ja Turkissa toimivia toimittajia hallinnoidaan paikallisten palveluntarjoajien kautta. Kaikki hankinnat eurooppalaisilta toimittajilta hankinnat hoitaa Tokmanni -konsernin oma hankintaja osto-organisaatio.”

Annual report 2025A · The company itself

Trade Desk (The)Sector unknown

Geography · strengthens · strength 1/3

“Many of our clients serve advertisers on a global basis, and we have been expanding our presence in markets outside of the United States to serve the needs of those advertisers in additional geographies. We believe that the global opportunity for programmatic advertising is significant and will continue to expand as publishers and advertisers outside the United States seek to adopt the benefits that programmatic advertising provides. As we expand relationships with our existing clients, we are investing in select regions in Europe and Asia. In particular, we believe that the United Kingdom (“U.K.”), Germany, France, China, Japan, India and Australia may represent substantial growth opportunities, and we are investing in developing our business in those and other markets.”

Annual report 2025A · The company itself

Trane TechnologiesSector unknown

Geography · strengthens · strength 1/3

“Asia Pacific Net revenues for the year ended December 31, 2025 decreased by 2.0% or $27.3 million, compared with the same period of 2024.”

Annual report 2025A · The company itself

Trimble Inc.Sector unknown

Geography · strengthens · strength 1/3

“We view international expansion as an important element of our strategy, and we continue to position ourselves in geographic markets that will serve as important sources of future growth. Products are sold in more than 160 countries through dealers, joint ventures, original equipment manufacturers (“OEMs”), and other channels throughout the world, as well as direct sales to end users.”

Annual report 2026A · The company itself

UberSector unknown

Geography · strengthens · strength 1/3

“Our technology is available in over 70 countries around the world, principally in the United States (“U.S.”) and Canada, Latin America (“LatAm”), Europe (excluding Russia), the Middle East, Africa, and Asia Pacific (“APAC”, excluding China and Southeast Asia).”

Annual report 2025A · The company itself

Ulta BeautySector unknown

Geography · strengthens · strength 1/3

“In the Middle East, the Company has a franchise partnership with Alshaya Group, a leading international franchise operator with substantial expertise in the consumer market in the Middle East, whereby Alshaya licenses the Ulta Beauty brand name and operating model from the Company to launch and operate Ulta Beauty-branded stores in the Middle East. The Company earns royalties from sales generated by these operations.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“In 2025, we expanded internationally through our acquisition of Space NK and the establishment of a joint venture in Mexico and a franchise relationship in the Middle East.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“UAL, through United and its regional carriers, operates across six continents, with hubs at Chicago O'Hare International Airport ("ORD"), Denver International Airport ("DEN"), George Bush Intercontinental Airport ("IAH"), Los Angeles International Airport ("LAX"), Newark Liberty International Airport ("EWR"), San Francisco International Airport ("SFO"), Washington Dulles International Airport ("IAD") and A.B.”

Annual report 2025A · The company itself

United Bankers OyjSector unknown

Geography · strengthens · strength 1/3

“Sijoittaminen uusiutuvaan energiaan tarjoaa puolestaan mahdollisuuden hyötyä yhteiskuntien kasvavasta sähkönkulutuksesta ja vihreän siirtymän megatrendistä.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Tilikauden päättymisen jälkeen United Bankers tiedotti hankkivansa rahastoyhtiö Fourtonin koko osakekannan ja laajentavansa näin rahastovalikoimaansa Aasian markkinoille sekä Keski- ja Etelä-Euroopan pieniin ja keskisuuriin yrityksiin sijoittaviin rahastoihin.”

Annual report 2025A · The company itself

United Parcel ServiceSector unknown

Geography · strengthens · strength 1/3

“International Package International Package consists of our small package operations in Europe, Middle East and Africa (together "EMEA"), Canada and Latin America (together "Americas") and Asia. We offer a wide selection of guaranteed day and time-definite international transportation services supported by our brokerage capabilities that facilitate cross‑border clearance for international shipments.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We own or lease approximately 800 facilities in our international package operations, with approximately 23 million square feet of floor space.”

Annual report 2025A · The company itself

UPM-KYMMENE OYJSector unknown

Geography · strengthens · strength 1/3

“UPM has significant foreign subsidiaries in Uruguay, the U.S.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“UPM has two pulp mills and plantation operations in Uruguay (Fibres South) as well as three pulp mills and three sawmills in Finland (Fibres North).”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“On October 9, UPM announced that Adhesive Materials expands its footprint in Southeast Asia with a new slitting and distribution terminal near Hanoi, Northern Vietnam to support growth in Southeast Asia.”

Annual report 2025A · The company itself

Vaisala OyjSector unknown

Geography · strengthens · strength 1/3

“Despite the growth in Industrial Measurements, Vaisala’s net sales in the APAC region declined strongly, driven by the headwinds in the renewable energy markets.”

Annual report 2025A · The company itself

VerisignSector unknown

Geography · strengthens · strength 1/3

“If we fail to expand our services into developing and emerging economies in international locations, our business may not grow. We seek to serve new, developing, and emerging economies in international locations to grow our business. These economies are rapidly evolving and may not grow or even if they do grow, our services may not be widely used or accepted there.”

Annual report 2025A · The company itself

Verisk AnalyticsSector unknown

Geography · strengthens · strength 1/3

“Approximately 57% of our employees are based in the United States, 11% in the United Kingdom, 11% in India, with the remainder serving in 18 other countries across the globe.”

Annual report 2025A · The company itself

ViatrisSector unknown

Geography · strengthens · strength 1/3

“Expansive Global Reach Viatris’ strong commercial infrastructure enables the Company to serve patients in almost every corner of the globe through retail and pharmacy establishments, wholesalers, governments, institutions, physicians and other customers. Viatris provides unique reach through four segments – Developed Markets, Emerging Markets, JANZ, and Greater China – across more than 165 countries and territories.”

Annual report 2025A · The company itself

Volati ABSector unknown

Geography · strengthens · strength 1/3

“Kunderna utgörs av lantbrukare, kooperativ och industrikunder på 15 marknader i västra och östra Europa samt i Asien.”

Annual report 2024A · The company itself

WabtecSector unknown

Geography · strengthens · strength 1/3

“In Transit, we are focused on mature markets such as Europe and emerging markets such as India.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In Freight, in addition to North America, we are targeting markets that operate significant fleets of locomotives and freight cars, including Australia, Brazil, India, South Africa, Kazakhstan, and other select areas within Europe, Asia and South America.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We have substantial operations located in emerging markets, and are subject to regulatory, economic, social and political uncertainties in such markets. We have substantial operations located in emerging markets, such as Brazil, India, and Kazakhstan.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Leading the way to connected, sustainable supply chains Our fleet of 125 vessels sails on 15 trade routes, serving six continents.”

Annual report 2024A · The company itself

WalmartSector unknown

Geography · strengthens · strength 1/3

“Walmart International Segment Walmart International is our second largest segment and operates 5,743 stores across 18 countries outside of the U.S. Walmart International operates through our wholly-owned subsidiaries in Canada, Chile, China, and Africa (which includes Botswana, Eswatini, Lesotho, Malawi, Mozambique, Namibia, South Africa and Zambia), and our majority-owned subsidiaries in India, as well as Mexico and Central America (which includes Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua).”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“In addition to our U.S. operations, we operate retail and eCommerce businesses in Africa, Canada, Central America, Chile, China, India and Mexico. During fiscal 2026, our Walmart International operations generated approximately 19% of our consolidated net sales.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“The Company operates approximately 180 general entertainment and family channels outside the U.S. in approximately 30 languages and 170 countries/territories.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our strategy to grow our Streaming business globally delivered success in 2025 with HBO Max’s expansion hitting over 100 markets including Latin America, the Caribbean, Europe, Australia, and Asia and the addition of 14.7 million global subscribers to our Streaming products.”

Annual report 2025A · The company itself

Waters CorporationSector unknown

Geography · strengthens · strength 1/3

“In addition, the Company outsources the manufacturing of certain LC instrument systems and components to well-established contract manufacturing firms in Singapore. The Company’s Singapore entity is ISO 9001:2015 certified and manages all Asian outsourced manufacturing as well as the distribution of all products from Asia.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“In addition, many of our manufacturing facilities and suppliers are located outside of the U.S. and we intend to continue our expansion into emerging and/or faster-growing international markets.”

Annual report 2025A · The company itself

Western DigitalSector unknown

Geography · strengthens · strength 1/3

“Our vertically integrated, in-house assembly and test operations are concentrated in Prachinburi and Bang Pa-In, Thailand; Penang, Johor Bahru, and Kuching, Malaysia; Laguna, Philippines; Shenzhen, China; and San Jose and Fremont, California, USA.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Additionally, as we attempt to expand our OEM and distribution channel sales into emerging economies, the customers with the most success in these regions may have relatively short operating histories, making it more difficult for us to accurately assess the associated credit risks. Our customers’ credit risk may also be exacerbated by an economic downturn or other adverse global or regional economic conditions.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“Our principal manufacturing, R&D, marketing and administrative facilities as of July 3, 2026 were as follows: Location Buildings Owned or Leased Approximate Square Footage Description United States California Fremont Leased 295,000 Manufacturing and R&D Irvine Leased 258,000 R&D, administrative, marketing and sales San Jose Owned 1,957,000 Manufacturing, R&D, administrative, marketing and sales Colorado Colorado Springs Leased 54,000 R&D Minnesota Rochester Leased 111,000 R&D Asia China Shenzhen Owned and Leased 614,000 Manufacturing India Bangalore Leased 209,000 R&D and administrative Japan Fujisawa Owned 638,000 R&D Malaysia Johor Bahru Owned 277,000 Manufacturing Kuala Lumpur Owned 145,000 R&D and administrative Kuching Owned 638,000 Manufacturing and R&D Penang Owned 1,192,000 Manufacturing Philippines Laguna Owned 632,000 Manufacturing and administrative Singapore Leased 6,000 Administrative, marketing and sales Thailand Bang Pa-In Owned and Leased 1,595,000 Manufacturing and R&D Prachinburi Owned 1,568,000 Manufacturing We also lease office space in various other locations worldwide primarily for R&D, marketing and sales, and administration.”

Annual report 2026A · The company itself

Geography · strengthens · strength 1/3

“The group’s investment in Hyundai Glovis is classified in the geographical segment Asia & Africa.”

Annual report 2024A · The company itself

Wynn ResortsSector unknown

Geography · strengthens · strength 1/3

“Additionally, the Company has a 40% equity interest in Island 3 AMI FZ-LLC, an unconsolidated affiliate, which is constructing an integrated resort property ("Wynn Al Marjan Island") in Ras Al Khaimah, United Arab Emirates, currently expected to open in 2027.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We are currently entirely dependent upon our Macau Operations, Las Vegas Operations and Encore Boston Harbor for all of our operating cash flow.”

Annual report 2025A · The company itself

Xylem Inc.Sector unknown

Geography · strengthens · strength 1/3

“Revenue (in millions) 2025 2024 2023 $ Amount % of Total $ Amount % of Total $ Amount % of Total United States $ 5,209 58 % $ 4,862 57 % $ 3,956 54 % Western Europe 1,839 20 % 1,745 20 % 1,655 22 % Emerging Markets (a) 1,221 14 % 1,274 15 % 1,182 16 % Other 766 8 % 681 8 % 571 8 % Total $ 9,035 $ 8,562 $ 7,364 (a)Emerging Markets includes results from the following regions: Eastern Europe, the Middle East and Africa, Latin America and Asia Pacific (excluding Japan, Australia and New Zealand, which are included in "Other") Supply and Seasonality We have a global manufacturing and assembly footprint, with production facilities in Europe, North America, Latin America, Asia and the Middle East.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“2) Yara operated terminals and logistical production sites 1) More than 10,800 Yara-branded retail outlets around the world 1) Global reach Yara is the industry’s most global player.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“In addition, Indian stock levels are lower than at the start of the season, due to strong domestic sales and reduced imports.”

Annual report 2024A · The company itself

Geography · strengthens · strength 1/3

“In Thailand, Yara FarmCare has made remarkable strides, including mass farmer acquisition, the implementation of farmer ambassador programs and active user engagement. Today, Yara FarmCare Thailand boasts 3,200 daily active users and a total active user base of about 220,000 farmers.”

Annual report 2024A · The company itself

YIT OyjSector unknown

Geography · strengthens · strength 1/3

“Asuminen CEE, joka keskittyy asuinrakennusten rakentamiseen sekä niihin liittyviin kehityshankkeisiin kuluttajille ja sijoittajille itäisen Euroopan kasvualueilla (Puola, Tšekki, Slovakia, Liettua, Latvia ja Viro) tavoitellen merkittävää kasvua strategiakauden aikana. • Tavoitteena on saavuttaa vähintään 15 prosentin vuosittainen kasvu, vähintään 15 prosentin oikaistu liikevoittoprosentti sekä vähintään 25 prosentin sitoutuneen pääoman tuotto.”

Annual report 2025A · The company itself

Yum! BrandsSector unknown

Geography · strengthens · strength 1/3

“The following is a brief description of each Concept and a summary of our Concepts’ operations as of and for the year ended December 31, 2025: Number of Units % of Units International Number of Countries and Territories % Franchised System Sales(a) (in Millions) KFC Division 33,897 90 % 149 99 % $ 36,434 Taco Bell Division 9,030 14 % 38 93 % 18,361 Pizza Hut Division 19,974 68 % 108 99 % 12,794 Habit Burger & Grill Division 384 — % 2 22 % 706 YUM 63,285 72 % 155 97 % $ 68,295 (a) Constitutes sales of all restaurants, both Company-owned and franchised.”

Annual report 2025A · The company itself

Zimmer BiometSector unknown

Geography · strengthens · strength 1/3

“Asia Pacific. The Asia Pacific operating segment includes key markets such as Japan, China, Australia, New Zealand, Korea, Taiwan, India, Thailand, Singapore, Hong Kong and Malaysia. Japan is the largest market within this segment, accounting for approximately 50 percent of the region’s net sales in 2025.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Internationally, our EMEA regional headquarters is in Switzerland and our Asia Pacific regional headquarters is in Singapore.”

Annual report 2025A · The company itself

ZoetisSector unknown

Geography · strengthens · strength 1/3

“Operations outside the U.S. accounted for 45% of our total revenue for the year ended December 31, 2025.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“We may not be able to realize the expected benefits of our investments in emerging markets and are subject to certain risks due to our presence in emerging markets, including political or economic instability and failure to adequately comply with legal and regulatory requirements. We have been taking steps to increase our presence in emerging markets.”

Annual report 2025A · The company itself

Geography · strengthens · strength 1/3

“Our operations extend internationally to 56 countries.”

Annual report 2025A · The company itself