Agriculture and food production

“climate hazards and climate change adaption were considered material in terms of the value chain”

Annual report 2025A · The company itself

“There is an ever-present risk of a disease outbreak across different fish and shrimp species”

Annual report 2025A · The company itself

“BioMar invests heavily in alternative and circular raw materials”

Annual report 2025A · The company itself

“The main operational risks concern the availability of raw materials, the time lags between purchasing and use, and fluctuations in raw material prices.”

Annual report 2025A · The company itself

“Achieving growth from diverse plant-based food solutions and added-value products is at the heart of Apetit’s strategy.”

Annual report 2025A · The company itself

“As the cornerstone of Apetit’s business, company continues to invest in cooperation with growers and in Finnish prima ry production.”

Annual report 2025A · The company itself

“Apetit’s operations are based in domestic raw materials and in plantbased and sustainable food solutions.”

Annual report 2025A · The company itself

“Growing the cultivation area of domestic peas and oilseed plants and investing in added-value products and added value growth play a significant role in Apetit’s strategy.”

Annual report 2025A · The company itself

“Apetit also aims to increase the use of domestic plant -based proteins.”

Annual report 2025A · The company itself

“Strategic focus areas and key measures in 2025 Stronger together As the cornerstone of our business, we invest in cooperation with growers and in Finnish primary production.”

Annual report 2025A · The company itself

“We increase the volume and cultivation area of strategically significant plants.”

Annual report 2025A · The company itself

“Key measures in 2025: ● Acquisition of Foodhills: strong platform to Sweden and significant increase on volume of frozen peas ● Project activity and cultivation tests by RypsiRapsi-foorumi to increase domestic oilseed production More domestic plant proteins We continue the commercialisation of the BlackGrain rapeseed ingredient towards an industrial scale.”

Annual report 2025A · The company itself

“We promote the cultivation of domestic pulses.”

Annual report 2025A · The company itself

“We explore opportunities to produce Finnish pea protein.”

Annual report 2025A · The company itself

“We use domestic plant proteins in our own production in diverse ways.”

Annual report 2025A · The company itself

“Growth will be pursued particularly from frozen peas, the Swedish market, and BlackGrain from Yellow Fields® rapeseed powder.”

Annual report 2025A · The company itself

“In December 2020, the European Commission granted a novel food authorisation for Apetit’s rapeseed powder, the BlackGrain from Yellow Fields. In 2025, Apetit launched a strategic investment in Kantvik’s vegetable oil milling plant to improve the raw material production process for BlackGrain from Yellow Fields® rapeseed powder and to multiply its production capacity.”

Annual report 2025A · The company itself

“In 2023, Apetit launched a project to produce Finnish pea protein. Opportunities for domestic production are examined for the entire value chain.”

Annual report 2025A · The company itself

“Its product groups include frozen vegetables, frozen ready meals and vegetable oils and rapeseed expeller.”

Annual report 2025A · The company itself

“Overview Of Operating Segments FOOD SOLUTIONS Net sales in the Food Solutions segment amounted to EUR 77.7 (75.8) million in January–December. Operating profit was EUR 14.3 (8.1) million.”

Annual report 2025A · The company itself

“OILSEED PRODUCTS Net sales in the Oilseed Products segment were EUR 90.4 (87.4) million in January–December. Operating profit was EUR 2.2 (4.2) million.”

Annual report 2025A · The company itself

“Products and packaging solutions The novelty products of Apetit for 2025 included, among other things, new frozen vegetable mixes, plant-based patties that make everyday life easier and frozen pizzas. One of the novelty products was the Vegan Burger Patty, which contains Apetit BlackGrain from Yellow Fields® rapeseed powder.”

Annual report 2025A · The company itself

“Apetit produces a diverse range of options to promote plant-based and sustainable eating, as well as high-quality raw materials for further processing.”

Annual report 2025A · The company itself

“QUALITY AND PRODUCT SAFETY Product quality and product safety are key factors in Apetit’s operations. Apetit Group’s production facilities in Säkylä, Kantvik and Pudasjärvi have food safety systems certified in accordance with the GFSI standard: BRCGS in Säkylä and Pudasjärvi and food safety systems according to FSSC 22000 standard in Kantvik and Bjuv.”

Annual report 2025A · The company itself

“In BioSolutions, higher demand for lignin-based biopolymers for agriculture was the main reason for increased sales volume and top-line growth. The growth within agriculture was broad-based and supported applications like crop protection, plant nutrition and animal feed.”

Annual report 2024A · The company itself

“The average price in sales currency for BioSolutions was 1% higher than in 2023, and total sales volume was 6% higher. Higher demand for lignin-based biopolymers for agriculture was the main reason for the increased sales volume and the top-line growth in 2024. The growth within agriculture was broad-based and supported applications like crop protection, plant nutrition and animal feed.”

Annual report 2024A · The company itself

“We are particularly noticing that sustainability and regulatory issues are offering new opportunities for specialisation. Within biopolymers, Borregaard is introducing bio- based alternatives to polyacrylates for use in home care, industrial cleaners, water treatment, coatings, agriculture, leather tanning, and oilfield chemicals.”

Annual report 2024A · The company itself

“BORREGAARD’S THREE BUSINESS SEGMENTS BioSolutions develops, produces and sells biopolymers and biovanillin from lignin. Biopolymers are used in a wide range of end- market applications, such as agrochemicals, batteries, industrial binders and construction.”

Annual report 2024A · The company itself

“Biovanillin is supplied to flavour and fragrance companies, as well as to the food and beverage industry.”

Annual report 2024A · The company itself

“The products are used across multiple industries for a wide range of applications, including sectors such as feed and agriculture, construction and building materials, food and pharmaceuticals, home and personal care, batteries, biofuel and several other industries. The Group’s strong market positions have been developed through an in-depth understanding of our markets, the production of advanced and specialised products, and a local presence through a global sales and marketing organisation.”

Annual report 2024A · The company itself

“Our key markets, including agriculture, energy storage, and packaging, are increasingly prioritising sustainability. We are also expanding into new markets, such as home care, with innovative sustainable products like Li-ion battery additives, and broadening our geographical reach, particularly in Asia.”

Annual report 2024A · The company itself

“In Brazil, where there have been limited third-party financing sources available to farmers, we provide financing to farmers from whom we purchase soybeans and other agricultural commodities through prepaid commodity purchase contracts and advances, which are generally intended to be short-term in nature and are typically secured by the farmer's crop and a mortgage on the farmer's land and other assets to provide a means of repayment in the potential event of crop failure or shortfall. As of December 31, 2025 and 2024, respectively, we had approximately $835 million and $478 million in outstanding prepaid commodity purchase contracts, and advances to farmers.”

Annual report 2025A · The company itself

“Business Overview We are a premier agribusiness solutions company, connecting farmers to consumers and delivering essential food, feed and fuel to the world. Our dedicated employees, integrated operations and global footprint give us access to key markets and a diverse agricultural network covering major crops. These capabilities help us manage seasonal cycles, weather variability and other risks as we partner with farmers to move crops from where they are grown to where they are needed.”

Annual report 2025A · The company itself

“With more than 200 years of experience and operations in more than 50 countries, we are: •a leading global oilseed processor and producer of vegetable oils and protein meal, based on processing capacity and volume; •a leading global grain merchandiser, based on volume; •a leading seller of packaged plant-based oils worldwide, based on sales; and •a leading producer and seller of wheat flours, bakery mixes and related products in South America, based on volume.”

Annual report 2025A · The company itself

“Our global operations include purchasing, storing, transporting, processing, selling and distributing agricultural commodities and related products.”

Annual report 2025A · The company itself

“Soybean Processing and Refining Segment Our Soybean Processing and Refining segment is a globally integrated business principally involved in the purchase, storage, transportation, processing, distribution, refining, marketing, and sale of soybeans and soybean related products, as well as biodiesel and fertilizer production and distribution. We process soybeans into protein meals and crude and refined vegetable oils and fats, principally for the food, animal feed and biofuel industries, through a global network of facilities.”

Annual report 2025A · The company itself

“Softseed Processing and Refining Segment Our Softseed Processing and Refining segment is a globally integrated business principally involved in the purchase, storage, transportation, processing, distribution, refining, marketing, and sale of softseeds (canola/rapeseed and sunflower seed) and softseed related products, as well as biodiesel production and distribution.”

Annual report 2025A · The company itself

“Other Oilseeds Processing and Refining Segment Our Other Oilseeds Processing and Refining segment is a globally integrated business principally involved in products of a specialty nature, including the purchase, storage, transportation, processing, distribution, refining, marketing, and sale of these related products. Key Commodities Palm Oil, Palm Kernel Oil, Shea Butter, Coconut Oil, various other Seed Oils, Soy Protein Concentrates, and Textured Soy Flour Key Regions We have processing, refining, and packaging facilities in North America, Europe, Asia-Pacific, and Africa.”

Annual report 2025A · The company itself

“Key Commodities Corn, Wheat, Barley, Cotton, Pulses, Sugar Key Regions The operations and assets of our merchandising operations are located throughout the world; milling operations and assets are primarily located in South America. Customers The principal purchasers of our grains are animal feed manufacturers, livestock producers, wheat and corn millers. As a result, our grain merchandising business generally benefits from global demand for protein, primarily poultry and pork products.”

Annual report 2025A · The company itself

“Key Commodities Soybean, Soybean Meal, Soybean Oil Key Regions and Processing Capacity 47% in South America, 25% in North America, 15% in Asia-Pacific, and 13% in Europe Customers Animal feed manufacturers, Livestock producers, Biofuel companies, Other oilseed processors, and a variety of customers that purchase our refined oil products Raw Materials Globally sourced directly from farmers or indirectly through intermediaries.”

Annual report 2025A · The company itself

“Key Commodities Canola/Rapeseed, Sunflower Seed, Canola/Rapeseed Meal, Sunflower Meal, Canola/Rapeseed Oil, Sunflower Oil Key Regions and Processing Capacity 53% in Europe, 30% in North America, 13% in South America, and 4% in Asia-Pacific Customers Animal feed manufacturers, Livestock producers, Biofuel companies, Other oilseed processors, and a variety of customers that purchase our refined oil products Raw Materials Globally sourced directly from farmers or indirectly through intermediaries.”

Annual report 2025A · The company itself

“The primary customers for our wheat milling products are food processing, bakery, and food service companies, while the primary customers of our sugar milling products are food processing companies.”

Annual report 2025A · The company itself

“In particular, we advance capital and provide other financing arrangements to farmers in Brazil and, as a result, our business and financial results may be adversely affected if these farmers are unable to repay the capital advanced to them.”

Annual report 2025A · The company itself

“A majority of the ammonia and ammonia-derived products we manufacture are used as fertilizer, as the nitrogen content provides energy essential for crop growth. Other important uses of our products include emissions control.”

Annual report 2025A · The company itself

“Our core product is anhydrous ammonia (ammonia), which contains 82% nitrogen and 18% hydrogen. Products derived from ammonia that are most often used as nitrogen fertilizers include granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN).”

Annual report 2025A · The company itself

“We also could be adversely impacted by price increases specific to meats raised in accordance with our Responsibly Raised animal welfare criteria, and ingredients grown in accordance with our Food with Integrity specifications, the markets for which are generally smaller and more concentrated than the markets for conventionally raised or grown ingredients. Any increase in the prices of the ingredients most critical to our menu, such as chicken, beef, dairy (for cheese, sour cream and queso), avocados, tortillas and pork, would have a particularly adverse effect on our operating results.”

Annual report 2025A · The company itself

“In addition, our supply chain is subject to increased costs caused by the effects of severe, volatile weather, extended droughts and diminished energy and water resources. Increasing weather volatility and changes in global weather patterns could reduce crop size and crop quality, or destroy crops altogether, which could result in decreased availability or higher pricing for our produce and other ingredients.”

Annual report 2025A · The company itself

“Increases in ingredient prices could adversely affect our results if we choose for competitive or other reasons not to increase menu prices at the same rate at which ingredient costs increase, or if menu price increases result in guest resistance. We also could experience shortages of key ingredients for many unforeseen reasons, such as crop damage due to natural disasters or inclement weather, if our suppliers decide to close, restrict operations or divert supply to other sales channels, or due to industry-wide shipping and freight delays.”

Annual report 2025A · The company itself

“Food with Integrity Serving high-quality food at reasonable prices is critical to ensuring guests enjoy wholesome food at a great value. In Chipotle-owned restaurants, we strive to serve only animal products that are raised in accordance with criteria we have established to improve sustainability and promote animal welfare, and without the use of non-therapeutic antibiotics or added growth hormones. We brand our meats as “Responsibly Raised®.””

Annual report 2025A · The company itself

“Volume growth was driven primarily by increased corn area and share gains in North America and Brazil, partially offset by lower soybean area in North America.”

Annual report 2025A · The company itself

“Volume growth was driven by demand for new products, herbicides and biologicals, while price declined primarily due to market dynamics in Latin America, partially offset by North America price increases.”

Annual report 2025A · The company itself

“The majority of Corteva’s corn hybrids and soybean varieties sold to customers contain biotechnology traits that Corteva licenses from third parties under long-term license agreements. If Corteva loses its rights under such licenses, it could negatively impact Corteva’s ability to obtain future licenses on competitive terms, commercialize new products and generate sales from existing products.”

Annual report 2025A · The company itself

“Background Corteva is a leading global provider of seed and crop protection solutions focused on the agriculture industry and contributing to a healthier, more secure and sustainable food supply.”

Annual report 2025A · The company itself

“The Seed segment develops and supplies commercial seed combining superior germplasm with advanced traits to produce high yield potential for farmers around the world.”

Annual report 2025A · The company itself

“The Crop Protection segment supplies products to protect crop yields against weeds, insects and disease, enabling farmers to achieve optimal results.”

Annual report 2025A · The company itself

“Seed The Seed segment is a global leader in developing and supplying commercial seed combining advanced germplasm and traits that offer maximum yield potential for farmers around the world.”

Annual report 2025A · The company itself

“markets, including North America corn and soybeans, Europe corn and sunflower, as well as Brazil, India, South Africa and Argentina corn. The company offers seed and trait technologies that boost resilience to weather, pests, diseases, and herbicides used to manage weeds.”

Annual report 2025A · The company itself

“Crop Protection The Crop Protection segment serves the global agricultural input industry with products that protect against weeds, insects and other pests, and disease, and that support overall crop health both above and below ground via nitrogen management and seed-applied technologies. The segment's crop protection solutions and digital solutions provide farmers tools to improve productivity and profitability, and help keep fields free of weeds, insects and diseases.”

Annual report 2025A · The company itself

“The company’s Seed segment is a global leader in developing and supplying commercial seed combining superior germplasm with advanced traits to produce high yield potential for farmers around the world. The segment offers seed and trait technologies that improve resistance to weather, diseases, pests and herbicides used to manage weeds. Its digital solutions provide data driven insights that assist farmer decision-making with a view to optimize product selection and, ultimately, help maximize yield and profitability. The segment competes in a wide variety of agricultural markets.”

Annual report 2025A · The company itself

“Percent Change Due To: Net Sales Change Price & Portfolio / ($ In millions) $ % Product Mix Volume Currency Other Herbicides $ (435) (11) % (5) % (4) % (2) % — % Insecticides 117 7 % (5) % 17 % (5) % — % Fungicides (31) (3) % (9) % 12 % (6) % — % Biologicals (15) (3) % (8) % 6 % (7) % 6 % Other (27) (5) % — % (3) % (2) % — % Total $ (391) (5) % (5) % 3 % (3) % — % Crop Protection Crop Protection net sales were $7,503 million in 2025, up 2 percent from $7,363 million in 2024.”

Annual report 2025A · The company itself

“The Pioneer agency model is unique to Corteva and represents sales made directly to farmers primarily via independent sales representatives. Through this agency model, the company interacts directly with farmers at multiple points in the growing season, from prior to planting all the way through harvest.”

Annual report 2025A · The company itself

“Corteva services customers in part through the Pioneer direct sales channel in key agricultural geographies, including the United States. In addition, Corteva supplements this approach with strong retail channels, including distributors, agricultural cooperatives and dealers, and with digital and data solutions that assist farmer decision-making with a view to optimize their product selection and maximize their yield and profitability.”

Annual report 2025A · The company itself

“Claims of illness or injury relating to food quality or food handling are common in the food service industry, and vehicular accidents and injuries occur in the food delivery business.”

Annual report 2025A · The company itself

“We currently purchase our U.S. pizza cheese from a single supplier. Under our December 2024 agreement which expires in December 2029, our U.S. supplier agreed to provide the Company with an uninterrupted supply of cheese and the Company agreed to purchase substantially all of its U.S. pizza cheese from this supplier during the five-year term of the contract.”

Annual report 2025A · The company itself

“The majority of our meat toppings in the U.S. come from a single supplier under a contract which was renegotiated in December 2025 and expires at the end of December 2027, subject to a one-year optional extension.”

Annual report 2025A · The company itself

“We also generate revenues and earnings by selling food and other products to franchisees through our supply chain operations primarily in the U.S. and Canada and by operating a number of Company-owned stores in the U.S.”

Annual report 2025A · The company itself

“The group sells products containing coffee, cocoa, wood, palm oil and soy which can be associated with deforestation and biodiversity loss. The fact that the group has this negative impact also constitutes a reputational risk linked to being perceived as selling products prone to deforestation.”

Annual report 2024A · The company itself

“In 2024, biological materials constituted 56.8 per cent of the 264,735 tonnes of materials sourced by the group.”

Annual report 2024A · The company itself

“Impacts on the extent and condition of ecosystems Actual negative impact Production of area intensive goods or forestrybased products Being a retailer, the group sells products containing raw materials that are area intensive, which is one of the drivers to affect biodiversity loss through deforestation. Examples of products include wood, paper, cocoa, coffee beans, palm oil and soy.”

Annual report 2024A · The company itself

“The material impact is connected to raw materials such as wood, paper, cocoa, coffee beans, palm oil and soy. This reflects a diverse range of product categories, including coffee, confectionery, snacks, candles and other items, some of which contain wood.”

Annual report 2024A · The company itself

“Erityisesti maitotilojen ja lypsylehmien lukumäärä on pienentynyt merkittävästi viime vuosina, mikä vaikuttaa yhtiön naudanlihan saatavuuteen ja hintaan.”

Annual report 2025A · The company itself

“Liiketoiminnan jatkuvuus edellyttää maatalouden elinvoimaisuutta, lihantuotannon jatkuvuutta sekä eläintautien hallintaa. – Toimet ilmastonmuutokseen sopeutumiseksi vaativat taloudellisia kannustimia ja kansallista poliittista ohjausta. – Toimet ilmastonmuutokseen sopeutumiseksi huomioidaan yhtiön strategia- ja hankintatyössä. – Vastuullisuusohjelman mukainen sitoutuminen SBTi:n tavoitteisiin ja sen sisältämiin mitattaviin toimenpiteisiin – Arvoketjun alkutuotannon ilmasto-osaamisen kasvattaminen – Yhtiö tukee lihantuotannon toimintaedellytyksiä.”

Annual report 2025A · The company itself

“Ilmastonmuutokseen liittyvät riskit ja mahdollisuudet sekä niiden vaikutukset HKFoodsin liiketoiminnalle Riski/ mahdollisuus Kategoria Alakategoria Kuvaus Taloudellinen vaikutus Aikajänne Haavoittuvuusanalyysi Fyysinen riski ▲ Akuutti Epidemiat ja pandemiat Eläin- ja kasvitautien aiheuttamien toimitushäiriöiden lisääntyminen koti markkinoilla, toimitusketjussa ja viennissä Liikevaihto Lyhyt Korkea Äärimmäisten sääilmiöiden (kuivuus, helleaalto, rankkasateet) vaikutukset Äärimmäisten sääilmiöiden vaikutus: Alkutuotannon pysähtyminen tai häiriö syntyneiden vahinkojen ja/tai kuljetusvaikeuksien seurauksena Liikevaihto Kulut Keskipitkä Korkea Krooninen Nousevat keskilämpötilat, muutokset sademäärissä Keskilämpötilojen nousun ja sateen määrän muutosten negatiivinen vaikutus rehukasvien satoihin, karjan olosuhteisiin sekä raakaaineiden saatavuuteen ja hintoihin.”

Annual report 2025A · The company itself

“HKFoodsin arvoketjun alkupäähän kuuluvat liharaaka-aineita tuottavat maatilat sekä raaka-aineita ja palveluita myyvät tavarantoimittajat. Sopimustuotantoa on HKFoods Finland Oy:llä ja Kivikylän kotipalvaamo Oy:llä.”

Annual report 2025A · The company itself

“Arvoketjun työntekijöihin liittyvät olennaiset vaikutukset, riskit ja mahdollisuudet sekä niiden vuorovaikutus strategian ja liiketoimintamallin kanssa HKFoods hankkii pääosan tuotannossaan tarvittavista sioista, naudoista ja siipikarjasta sopimustuottajiltaan Suomesta. Yhtiö on Suomessa sitoutunut käyttämään vain kotimaista liharaaka-ainetta HK®-, Kariniemen®- ja Via®-tuotemerkkiensä tuotteissa, joten sen liiketoiminta on riippuvainen suomalaisten sopimustuottajiensa tuottamasta liharaaka-aineesta ja alkutuotannossa työskentelevistä työntekijöistä.”

Annual report 2025A · The company itself

“Maatalous on erityisen riskialtis toimiala. Tapaturmavakuutuskeskuksen julkaiseman tiedon mukaan maanviljelijöille ja metsätyöntekijöille sattuneiden työtapaturmien taajuus oli 49 tapaturmaa miljoona tehtyä työtuntia kohden vuonna 2024.”

Annual report 2025A · The company itself

“Olennaisten riskien ja mahdollisuuksien kohdistuminen tiettyihin arvoketjun työntekijäryhmiin Arvoketjun työntekijöihin liittyvät olennaiset riskit kohdistuvat erityisesti maatiloilla työskenteleviin kausityöntekijöihin sekä elintarviketuotantolaitoksissa ja palveluntuottajilla työskenteleviin vieraskielisiin työntekijöihin. Maatalouden sadonkorjuutyö on hyvin kausiluonteista ja vaatii tietyssä ajassa merkittävän määrän työvoimaa.”

Annual report 2025A · The company itself

“Konserni altistuu hyödykeriskeille, jotka liittyvät hyödykkeen saatavuuteen ja hinnanvaihteluihin. Liha-raaka-aineiden lisäksi fyysinen sähkönkulutus on yksi konserniyhtiöiden merkittävimmistä hyödykeriskeistä.”

Annual report 2025A · The company itself

“HKFoods järjestää sopimustuottajilleen suunnattua tuotantosuuntakohtaista neuvontaa ja erilaisia kehitysohjelmia, joilla pyritään parantamaan tuottajien kilpailukykyä. Lisäksi toimittajakyselyiden tuloksiin perustuva palaute parantaa sopimustuottajien tietoisuutta vastuullisen hankinnan vaatimuksista.”

Annual report 2025A · The company itself

“Sopimustuottajien osaamista lisätään kehitysryhmissä ja tuottajaverkostoissa sekä tarjoamalla kaikille sopimustuottajille tilakohtaista neuvontaa. Vuonna 2025 HKFoods jatkoi sopimustuottajille suunnattua eläinlajikohtaista neuvontaa ja erilaisia kehitysohjelmia, joilla pyritään tukemaan ja kehittämään tuottajien kilpailukykyä.”

Annual report 2025A · The company itself

“Yhtiö kehittää toimitusketjun osaamista mm. tarjoamalla neuvontapalveluita, koulutusohjelmia, alkutuotannon yhteistyöryhmiä ja verkostotapaamisia. Sopimus tuottajien ja muiden toimittajien tyytyväisyyttä yhteistyöhön mitataan säännöllisin kyselyin.”

Annual report 2025A · The company itself

“Olennaisten kielteisten vaikutusten hallintaan, myönteisten vaikutusten edistämiseen ja olennaisten riskien ja mahdollisuuksien hallintaan liittyvät tavoitteet HKFoods-konserni asetti raportointikaudella uudet tavoitteet arvoketjun työntekijöihin liittyvien olennaisten vaikutusten, riskien ja mahdollisuuksien hallintaan vuosille 2026–2028 ajoittuvassa vastuullisuusohjelmassaan. • HKFoodsin tavoitteena on kilpailukykyinen ja sosiaalisesti kestävä tuottajayhteisö, jonka vuorovaikutusta, osaamista ja tyytyväisyyttä kehitetään tuottajayhteistyölle laadittavan suunnitelman mukaisesti vuosina 2026–2028. Edistymistä seurataan vuosittain, ensimmäisen kerran vuonna 2026.”

Annual report 2025A · The company itself

“Yhtiö asetti osaksi vastuullisuusohjelmaansa 2026–2028 tavoitteen nykyisten toimittajien sitouttamisesta toimittajien toimintaohjeisiin (Supplier Code of Conduct) vuoden 2028 loppuun mennessä. Tavoite on avattu tarkemmin osassa G1 Liiketoiminnan harjoittaminen - Yrityskulttuuriin liittyvät mittarit ja tavoitteet.”

Annual report 2025A · The company itself

“Next Generation -ohjelmansa kautta HKFoods tarjoaa nuorille tuottajille ajankohtaista tietoa, asiantuntemusta ja verkostoitumismahdollisuuksia. Koulutuskokonaisuus kattaa mm. maatilan strategista johtamista ja riskienhallintaa, vastuullisuutta, työnantajan velvoitteita sekä viestintää.”

Annual report 2025A · The company itself

“Tavoitteena on, että 100 prosenttia sikatiloista, 40 prosenttia nautatiloista (100 prosenttia HKFoodsin laatutiloista),100 prosenttia siipikarjatiloista ja 70 prosenttia muista toimittajista on allekirjoittanut toimittajien toimintaohjeet vuoden 2028 loppuun mennessä.”

Annual report 2025A · The company itself

“– HKFoodsilla on potentiaalia kehittää sivutuotteiden käyttöä laajemmin yhdessä yhteistyökumppaneiden kanssa. – Mahdollisuus hyödyntää kiertotalousratkaisuja tuotteiden kehityksessä – Suomen elintarvikealan materiaalitehokkuussitoumuksen mukainen toiminta – Honkajoki-yhteisomistus lihantuotannon sivutuotteiden kiertotalouden edistämiseksi – Tuotantolaitoskohtaiset hävikinseurantaohjelmat – Tuotantolaitoskohtainen jäteraportointi – Kiertotalousratkaisujen hyödyntäminen markkinakohtaisesti, ml. vienti Tuotteisiin ja palveluihin liittyvät resurssien ulosvirtaukset Oma toiminta tosiasiallinen negatiivinen lyhyt, keskipitkä ja pitkä – Sivuvirtojen ja jätteiden käsittelyprosessit lisäävät mm. energiankulutusta ja päästöjä. – Kaikki materiaalit eivät ole kierrätyskelpoisia. – Muutokset lajittelu- ja käsittelyprosesseissa vaativat uusia työvaiheita ja -välineitä. – Uusissa käsittelyprosesseissa huomioidaan energiatehokkuus ja minimoidaan päästöjä. – Materiaalihyötykäyttöä priorisoidaan.”

Annual report 2025A · The company itself

“HKFoods Oyj ja sen tytäryhtiöt (yhdessä konserni) valmistaa, markkinoi ja myy korkealaatuista ja vastuullisesti tuotettua sian-, naudan- ja siipikarjanlihaa, niistä valmistettuja tuotteita ja valmisruokia vahvoilla tuotemerkeillä.”

Annual report 2025A · The company itself

“Konserni myy elintarvikkeita, rehua, eläimiä ja vähäisessä määrin teurastus- ja kuljetuspalveluita.”

Annual report 2025A · The company itself

“Suomen liiketoimintayksikkö valmistaa, myy ja markkinoi lihatuotteita ja -valmisteita sekä valmisruokia. Tämän lisäksi se myy vähäisessä määrin teurastusja kuljetuspalveluja.”

Annual report 2025A · The company itself

“HKFoods on merkittävänä työllistäjänä sitoutunut edistämään henkilöstönsä työhyvinvointia ja -turvallisuutta, osaamista sekä yhdenvertaista kohtelua ja mahdollisuuksia.”

Annual report 2025A · The company itself

“Arvoketjun työntekijöiden terveys ja hyvinvointi sekä kouluttaminen ja taitojen kehittäminen ovat keskeisiä tekijöitä HKFoodsin tuottavuuden ja kilpailukyvyn ylläpitämisen kannalta. HKFoodsin turvallisia ja laadukkaita raaka-aineita tuottaa noin 1 800 suomalaista sopimustuottajaa, jotka ovat yhtiön arvoketjun alkupään merkittävin työntekijäryhmä.”

Annual report 2025A · The company itself

“Suomalaisia sopimustuottajia oli vuonna 2025 yhteensä noin 1 800, joista 85 prosenttia nautatiloja, 11 prosenttia sikatiloja ja 4 prosenttia broileritiloja. Sopimustuottajat ovat Suomessa sijaitsevia maatiloja, joista osa on useamman perheen yhdessä omistamia osakeyhtiöitä.”

Annual report 2025A · The company itself

“Tätä työntekijäryhmää edustaa HKFoodsin pääomistaja, LSO Osuuskunta, joka on 560 suomalaisen lihantuottajan yhteisö.”

Annual report 2025A · The company itself

“Vaikutusten kohteena olevien kuluttajien ja loppukäyttäjien tyypit HKFoodsin tuotteiden pääasialliset kuluttaja- ja loppukäyttäjäryhmät edustavat suomalaisia kotitalouksia, jotka käyttävät kypsennettyjä valmisruokia ja ruokakomponentteja sekä kypsentävät ja valmistavat itse lihatuotteita sisältäviä aterioita.”

Annual report 2025A · The company itself

“The principal raw materials used by the Company include pork, turkey, beef, chicken, and nuts.”

Annual report 2025A · The company itself

“The Company takes a balanced approach to sourcing pork raw materials, including hogs purchased for the Austin, Minnesota processing facility, long-term supply agreements for pork, and spot market purchases of pork.”

Annual report 2025A · The company itself

“Note K Commitments and Contingencies Purchase Commitments: To ensure a steady supply of hogs and turkeys and keep the cost of products stable, the Company has entered into contracts with producers for the purchase of hogs and turkeys at formula-based prices over periods up to 10 years and seven years, respectively. The Company has also entered into grow-out contracts with independent farmers to raise turkeys for the Company for periods up to 24 years. Under these arrangements, the Company owns the livestock, feed, and other supplies while the independent farmers provide facilities and labor.”

Annual report 2025A · The company itself

“Some of the more significant owned or licensed trademarks used by the Company or its affiliates are: HORMEL, ALWAYS TENDER, APPLEGATE, AUSTIN BLUES, BACON 1, BLACK LABEL, BREAD READY, BURKE, CAFÉ H, CERATTI, CHI-CHI’S, COLUMBUS, COMPLEATS, CORN NUTS, CURE 81, DAN’S PRIZE, DI LUSSO, DINTY MOORE, DON MIGUEL, DOÑA MARIA, EMBASA, FAST ‘N EASY, FIRE BRAISED, FLASH 180, FONTANINI, HERDEZ, HORMEL GATHERINGS, HOUSE OF TSANG, JENNIE-O, JUSTIN’S, LA VICTORIA, LAYOUT, LLOYD’S, MARY KITCHEN, MR.”

Annual report 2025A · The company itself

“Depreciation and Amortization Retail $ 142,824 $ 140,103 $ 145,690 Foodservice 80,193 78,949 74,370 International 17,174 19,151 15,627 Corporate 23,710 19,553 17,623 Total Depreciation and Amortization $ 263,901 $ 257,756 $ 253,311 Disaggregated Revenues: The Company’s products primarily consist of meat and other food products. Total revenue contributed by classes of similar products are: Perishable $ 8,823,022 $ 8,548,802 $ 8,511,795 Shelf-stable 3,283,138 3,371,995 3,598,215 Perishable includes fresh meats, frozen items, refrigerated meal solutions, bacon, sausages, hams, guacamole, and other items that require refrigeration. Shelf-stable includes canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, and other items that do not require refrigeration.”

Annual report 2025A · The company itself

“Net Sales $ 1,922,817 $ 1,907,071 0.8 $ 7,455,218 $ 7,374,149 1.1 Segment Profit 46,398 152,932 (69.7) 425,245 562,768 (24.4) Adjusted Segment Profit 117,148 152,932 (23.4) 495,995 562,768 (11.9) Volume results and net sales growth in the Retail segment in the fourth quarter of fiscal 2025 were driven by the turkey portfolio, Planters® snack nuts, and Applegate® products.”

Annual report 2025A · The company itself

“Dairy products used in National Conference on Interstate Milk Shipments (“NCIMS”) milk-monitoring programs in the U.S. are regulated by the FDA as veterinary medical devices. Before these products can be sold in the U.S., performance data must be submitted in accordance with an FDA-approved protocol administered by an independent body, such as the Association of Analytical Chemists Research Institute (“AOAC RI”).”

Annual report 2025A · The company itself

“Our principal dairy products use our SNAP test platform and are used by dairy producers and processors worldwide to detect antibiotic drug residue in milk. Our primary product lines are SNAP Beta-Lactam ST and SNAPduo ST Plus, which detect certain beta-lactam and tetracycline antibiotic residues.”

Annual report 2025A · The company itself

“We develop, manufacture, and distribute products and provide services primarily for the companion animal veterinary; livestock, poultry and dairy; and water testing industries.”

Annual report 2025A · The company itself

“Our livestock and poultry diagnostic products are purchased by government and private laboratories that provide testing services to livestock veterinarians, producers, and processors, and also directly by livestock veterinarians and producers.”

Annual report 2025A · The company itself

“We compete primarily on the basis of the ease of use, speed, accuracy, product quality, and other performance characteristics of our products and services (including differentiated tests), the breadth of our product line and services, the effectiveness of our sales and distribution channels, the quality of our technical and customer service, our ability to receive regulatory approvals from governing agencies, and our pricing relative to the value of our products in comparison with competitive products and services. Our competitors include smaller regional companies and larger companies with livestock and poultry diagnostics and water testing solution products, such as Neogen Corporation, Charm Sciences, Inc., BioChek, Innovative Diagnostics and Thermo Fisher Scientific Inc. •Veterinary Software, Services, and Diagnostic Imaging Systems.”

Annual report 2025A · The company itself

“Our failure to successfully execute certain strategies in this competitive environment could have a material negative impact on our future growth and profitability The companion animal healthcare industry is highly competitive, and we anticipate increasing competition from both existing competitors and new sector entrants given our performance and the industry’s strong growth and returns.”

Annual report 2025A · The company itself

“The increase in revenue was primarily due to volume growth in the Americas and Asia Pacific, and higher realized prices.”

Annual report 2025A · The company itself

“Såväl orderingång som försäljning påverkades positivt av god utveckling för bolag med kunder inom medicinteknik och läkemedel, processindustrin och energisegmentet.”

Annual report 2024A · The company itself

“Geoteam är ett ledande teknikhandelsbolag som erbjuder högkvalitativa mätinstrument och avancerade positioneringslösningar för professionella kunder inom geospatialsegmentet, jordbruk och anläggning. Produkterbjudandet inkluderar instrument, system och mjukvara för primärt geospatiala lösningar och lösningar för precisionsjordbruk, inklusive det egna RTK-systemet GPSnet.”

Annual report 2024A · The company itself

“Matriks är ett teknikhandelsbolag specialiserat på analysinstrument, system och förbrukningsmaterial för kemiska och biokemiska laboratorier. Bolaget erbjuder ett brett sortiment av produkter inom vätske- och gaskromatografi, masspektrometri, atom och molekylär spektro skopi och system för protein-, celloch DNA/RNA-analys, samt olika typer av förbrukningsmaterial och eftermarknadstjänster.”

Annual report 2024A · The company itself

“Rustfri är specialiserade på processinstallation av rörsystem, processutrustning och processkärl, främst till den nordiska livsmedelsindustrin. Bolaget bistår kunderna från design- och konstruktionsfasen för att planera en optimerad produktionsanläggning till installation och montering på plats.”

Annual report 2024A · The company itself

“Bolagets produkterbjudande omfattar tryckluftstorkar, filterelement och filterhus, kvävgasgeneratorer och efterkylare samt eftermarknadstjänster som underhåll, reparation och reservdelar. pure! erbjuder sina produkter till flera olika industrier och slutmarknader, inklusive allmän industri, life science samt livsmedelsindustri. pure! har 30 anställda och är baserat i Diez, Tyskland.”

Annual report 2024A · The company itself

“ATLINE är en ledande utvecklings- och tillverkningspartner av robotiserad produktionsutrustning för djurfoderindustrin. Bolaget är specialiserat på att automatisera och förbättra processerna för kvalitetssäkring i tillverkningsanläggningar.”

Annual report 2024A · The company itself

“De största kundsegmenten är generell verkstadsindustri samt kemi-, livsmedels- och läkemedelsindustri.”

Annual report 2024A · The company itself

“Nettoomsättning per kundsegment, % Nettoomsättning per produktområde, % Nettoomsättning per geografisk marknad, % Medicinteknik och läkemedelsindustri 77% Livsmedel 6% Verkstadsindustri 4% Energi 4% Processindustri 3% Övrigt 6% Medicinteknik 40% Rör & rörsystem 16% Ventiler 14% Filter & Processteknik 7% Mätteknik 6% Övrigt 17% Sverige 20% Danmark 20% Storbritannien & Irland 14% Benelux 12% Tyskland 6% Övrigt 28% % Nettoomsättning EBITA-marginal % Net sales EBITA-margin Affärsområdet omfattar både teknikhandelsbolag och bolag med egna produkter.”

Annual report 2024A · The company itself

“Den 17 oktober förvärvades Geoteam A/S, Danmark, med en årsomsättning om 130 mkr. Geoteam är ett teknikhandelsbolag som erbjuder mätinstrument och avancerade positioneringslösningar för professionella kunder inom geospatialsegmentet, jordbruk och anläggning.”

Annual report 2024A · The company itself

“Den 2 februari förvärvades ATLINE ApS, Danmark, med en årsomsättning om 60 mkr. ATLINE är en utvecklings- och tillverkningspartner av robotiserad produktionsutrustning för djurfoderindustrin.”

Annual report 2024A · The company itself

“Av kundgrupperna har försäljningsutvecklingen varit positiv inom Dagligvaruhandeln (+14 procent), Bygg- & Heminredning (+5 procent) samt Fashion (+9 procent) jämfört med med föregående år.”

Annual report 2024A · The company itself

“Dagligvaruhandeln är den största kundgruppen med 56 procent av försäljningen.”

Annual report 2024A · The company itself

“The Policy explicitly states that production and resource use must not contribute to the destruction or degradation of livelihoods for marginalized communities, such as through large-scale land use, water consumption, or exploitation of other critical natural resources.”

Annual report 2024A · The company itself

“E5  RESOURCE USE AND CIRCULAR ECONOMY The Kid Group is a significant user of raw material and other natural resources in its supply chain. The production of raw materials and use of natural resources, a key part of the Group's upstream operations, poses environmental risks, including negative impacts on biodiversity and climate.”

Annual report 2024A · The company itself

“A key mitigating action the Kid Group takes to reduce water consumption upstream is supporting the Better Cotton Initiative. Kid supports Better Cotton to promote more sustainable cotton sourcing with a focus on water efficiency.”

Annual report 2024A · The company itself

“The gradual increase in global average temperatures is projected to contribute to significant changes in weather patterns in the regions where we and our suppliers operate, including an increase in the frequency and severity of natural disasters, and changes in agricultural productivity. Increased natural disasters and decreased agricultural productivity in such regions may limit the availability or increase the cost of the natural resources and commodities used in the production of our products.”

Annual report 2025A · The company itself

“We purchase and use large quantities of commodities, including dairy products, meat products, sugar and other sweeteners, coffee, tomato products, soybean and vegetable oils, eggs, other fruits and vegetables, and wheat and processed grains to manufacture our products.”

Annual report 2025A · The company itself

“Description of the Company: We manufacture and market food and beverage products around the world through our eight consumer-driven product platforms: Taste Elevation, Easy Ready Meals, Substantial Snacking, Desserts, Hydration, Cheese, Coffee, Meats, and other grocery products.”

Annual report 2025A · The company itself

“Industry Risks We operate in a highly competitive industry. The food and beverage industry is highly competitive across all of our product offerings. Our principal competitors in these categories are manufacturers and retailers with their own branded and private label products.”

Annual report 2025A · The company itself

“Class of Equipment Number in Class Capacity (mbbls) Jones Act medium range product tankers 4 1,320 Jones Act 750 Series ATB vessels 3 990 RENEWABLE DIESEL Our Dickinson, North Dakota, renewables facility has the capacity to produce 184 million gallons per year of renewable diesel from corn oil, soybean oil, fats and greases. The Martinez, California renewable diesel facility has the capacity to produce 730 million gallons per year. Our Green Bison Soy Processing, LLC joint venture with ADM includes a facility in Spiritwood, North Dakota, which has capacity to produce approximately 600 million pounds of refined soybean oil annually, enough feedstock for approximately 75 million gallons of renewable diesel per year.”

Annual report 2025A · The company itself

“We own a feedstock aggregation facility in Cincinnati, Ohio and a pre-treatment facility in Beatrice, Nebraska. These facilities supply renewable agricultural feedstocks to our Dickinson and Martinez facilities.”

Annual report 2025A · The company itself

“In recent years, food systems and in particular aquatic or blue food systems have been high on the agenda with increasing recognition of their potential to solve global planetary challenges such as food insecurity and climate change. In 2024, FAO released its updated State of the World Fisheries and Aquaculture report (SOFIA), showing for the first time that aquaculture has surpassed capture fisheries in aquatic animal production, contributing over 57% of aquatic animal products used for direct human consumption. This significant milestone underscores the growing importance of aquaculture in meeting global food demands, with production expected to increase by 10% by 2032, driven by aquaculture expansion.”

Annual report 2024A · The company itself

“•Climate risks related to storm damage due to extreme weather events and algae blooms due to increased temperatures. •Risk of seabed impact beyond environmental carrying capacity. •Risk related to feed raw materials, such as severe drought, deforestation and limited marine fish stocks, can have an impact on the availability and price of agricultural commodities. •Freshwater-related risks connected to sites located in areas of high or extreme high risk of water stress, where the risk of limited available water resources can potentially affect production by halting or reducing processing activities. •Escaped farm-raised salmon can represent a risk as it may have a negative impact on the environment, due to ecological interactions and interbreeding with wild populations.”

Annual report 2024A · The company itself

“This is made possible by a significant substitution of marine raw materials by vegetable sources and the use of high-quality by-products from poultry in Chile and Canada.”

Annual report 2024A · The company itself

“We pay a special attention to feed raw materials and risks related to high impact commodities such as soy, fish meal and fish oil. In 2024, our global index assessment identified six suppliers at high-risk, all suppliers of vegetable (or additives) feed raw materials.”

Annual report 2024A · The company itself

“Sustainable Land/Agriculture Practices As outlined in our sustainable feed policy, we require that all salmon feed suppliers are Global GAP, BAP or ASC certified by an accredited certification body (CB). Mowi supports efforts to increase the purchase of sustainably sourced vegetable raw materials and we collaborate with suppliers of agricultural raw materials to promote adherence to good agricultural practices.”

Annual report 2024A · The company itself

“Deforestation Policy Indirect impacts such as deforestation are addressed by using 100% deforestation-free soy as a feed raw material. Supply chain for sourcing vegetable raw materials shall not originate from areas subject to deforestation or conversion after 14 January 2023.”

Annual report 2024A · The company itself

“All soya must be deforestation free and certified according to the ProTerra and Roundtable for responsible soy standards or their equivalents such as the Europe Soya Standard. Palm oil, if used, must come from certified sources such as the Roundtable on Sustainable Palm Oil (RSPO) or equivalent.”

Annual report 2024A · The company itself

“Good agricultures practices also include responsible use of pesticides. As an example, through our Proterra Certification, we ensure that the Soy Protein Concentrate used in our feed production adheres to several requirements including; 1. pesticides listed in the WHO classes (la, lb lists, Rotterdam Convention and Stockholm Convention), as well as pesticides forbidden by local, national, and regional law, are not used; 2. programme of pesticide rotation designed to minimise development of pest resistance; 3. proper handling, storage and disposal of pesticides according to manufacturers’ instructions and legal requirements and 4. application methods that minimise harm to human health, wildlife, plant biodiversity, and water and air quality.”

Annual report 2024A · The company itself

“In relation to sustainable sourcing of feed, and vegetable raw materials and the indirect impact on land-use change, Mowi has specific targets, every year, to; •100% traceability of feed raw materials •100% of soy originated from deforestation-free areas •100% of palm oil is certified (RSPO or equivalent) and, by 2030; •achieve 10-15% ingredients from emerging feed raw materials Pollution Producing salmon in pens means that organic substances from fish faeces and excess feed can be released to surrounding waters and potentially accumulate in the seabed.”

Annual report 2024A · The company itself

“Soy purchased from Brazil was 100% ProTerra certified and originates from the states of Matto Grosso, Minas Gerais and Goiás. The ProTerra Standard is based on ten principles, focusing on biodiversity conservation, environmental management and effective environmental services, the protection of Amazon, Cerrado and Chaco biomes, the protection of community rights and the promotion of working and agricultural best practices especially related to sustainable land use and reducing the application of 184 Leading the blue revolution strategy board statements financial statements analytical appendices pesticides.”

Annual report 2024A · The company itself

“Our Soy Protein Concentrate (SPC) suppliers from Brazil (Caramuru, CJ Selecta and Bunge/Imcopa) are implementing several projects focusing on nutrient management, responsible water use, integrated pest management, improved farming techniques that ensure minimum land use and soil health, and Good Agricultural Practices (GAP) training for farmers. Our SPC suppliers are engaged in several sustainability programmes like ESG in the field (from CJ Selecta) or Sustentar (from Caramuru) which focus on several innovative approaches to manage water and nutrients responsibly.”

Annual report 2024A · The company itself

“Over time, Mowi has built world-leading R&D and technical capacities within Mowi Genetics, Mowi Feed, Processing Excellence and the Global R&D and Technical Department. These efforts, including cutting-edge genetic selection, tailored feeds, SMART Farming and SMART factory innovations, keep Mowi at the forefront of the Blue Revolution.”

Annual report 2024A · The company itself

“Maintain premium product quality and further reduce downgrading Develop improved technological solutions for optimised processing, packaging and storage of our products. Maintain salmon's reputation, and further improve customer satisfaction Secure and maintain good listeria control.”

Annual report 2024A · The company itself

“In 2024, Mowi continued to work together with our Soy Protein Concentrate (SPC) suppliers, ProTerra and the other feed companies within the Aquaculture Dialogue on sustainable soy sourcing from Brazil. This dialogue aims to further develop sustainable sourcing from Brazil by achieving more transparency through traceability tools.”

Annual report 2024A · The company itself

“Having Mowi Feed integrated into Mowi's value chain also represents an opportunity.”

Annual report 2024A · The company itself

“Whether it’s through our premium salmon burgers or our ready-to-eat gourmet offerings, Mowi is committed to providing consumers with products that deliver on taste, nutrition, and sustainability, all while making seafood an enjoyable and accessible choice for all.”

Annual report 2024A · The company itself

“Every day, we produce high-quality farm-raised salmon and value-added products. High quality is ensured through procedures, training, and the sharing of best practices across the Group. In addition, we are constantly improving our monitoring programmes and quality assurance systems, and implementing technology that helps us deliver high-quality products across the world.”

Annual report 2024A · The company itself

“Our ambition within Consumer Products is to become a seafood category leader with strong focus on quality, innovation, brand building and excellent customer service. We continue our work to improve efficiency in this segment by streamlining and using new technology.”

Annual report 2024A · The company itself

“Mowi has operations in 26 countries and has structured its operations in three Business Areas: Feed, Farming and Sales & Marketing.”

Annual report 2024A · The company itself

“Price achievement was also affected by quality downgrading in Norway in the first half of the year. In Farming, harvest volumes for 2024 were all-time high at 502k GWT (475k) following strong production and increased smolt stocking.”

Annual report 2024A · The company itself

“Nesteen kyky hankkia kilpailukykyisellä hinnalla uusiutuvia raaka-aineita tuotantotavoitteiden tarpeisiin on tärkeää strategisten tavoitteiden saavuttamiseksi.”

Annual report 2025A · The company itself

“Nesteen taloudellinen tulos riippuu ennen kaikkea jalostettujen öljytuotteiden ja uusiutuvien tuotteiden hintojen sekä raakaöljyn, erilaisten kasviöljyjen ja muiden käytettävien raaka-aineiden hintojen välisestä hintaerosta eli marginaalista.”

Annual report 2025A · The company itself

“Tähän kehitykseen voi myös liittyä riskejä velvoitteiden laskusta tai eri raaka-aineiden hyväksyttävyydestä, millä voi olla negatiivisia vaikutuksia Nesteelle.”

Annual report 2025A · The company itself

“Key external factors/trends impacting Oriola’s business environment continue to include ageing of the population, increased spending on health and wellbeing, growth in speciality pharmaceuticals, the digitalisation of the retail trade and services, increasing sustainability requirements as well as ongoing global health challenges.”

Annual report 2025A · The company itself

“During 2024–2025, these trends have continued to affect demand patterns, particularly for high-value pharmaceuticals and products requiring advanced logistics.”

Annual report 2025A · The company itself

“In 2026, the pharmaceutical distribution market is expected to continue to grow. Value growth is expected to be driven by highvalue pharmaceuticals and products requiring advanced logistics.”

Annual report 2025A · The company itself

“Bakkafrost sources marine raw materials to produce high quality fishmeal and fish oil. In addition to sourcing industrial fish, unviable to produce for human consumption, we also source all fish trimmings and fish silage from the Faroese pelagic fishing industry.”

Annual report 2024A · The company itself

“However, both fishmeal and fish oil prices still impact the feed-price delivered to farmers. In 2023, the Peruvian fishmeal industry experienced one of its most difficult years of the century after two fishing seasons with catches far below normal. The consequences of the cancelled first season and a second season with a quota below normal is that fishmeal production reduced by around 30% compared to 2022 and fish oil production reduced by 81%.”

Annual report 2024A · The company itself

“Global fishmeal and fish oil supplies grew 26 percent in 2024. That growth is almost entirely thanks to the Peruvian anchoveta fishery, which ended up catching over 95 percent of its total allowable catch of 2.51 million metric tons (MT) and had a notable impact on prices both in Americas and Europe. Prices for fish oil remain high around USD 3,000/ton.”

Annual report 2024A · The company itself

“The global demand for soy could lead agricultural companies to clear new land for crop production, resulting in increased deforestation risks.”

Annual report 2024A · The company itself

“Beyond the risk of the government introducing an environmental tax on this commodity, these regulations can cause shortages or delays in the soy supply, leading to higher prices. Since soy is a key ingredient in salmon feed and makes up over 15% of our total feed composition thus, any price increase directly affects feed costs, which can reduce profit margins.”

Annual report 2024A · The company itself

“Marine proteins and fish oil are an essential part of our fish feed and account for approximately 50% of our total feed composition. In 2023, 51% of the fishmeal and 81% of the fish oil in our feed were derived from fish trimmings.”

Annual report 2024A · The company itself

“As a key component of our salmon feed, soy presents a potential risk due to its association with deforestation in regions of production.”

Annual report 2024A · The company itself

“In 2024, Bakkafrost spent around 120 mDKK in total on the procurement of certified soy, which is included under the financial line item ‘Operating expenses’ for ‘Fishmeal, oil, and feed’, as detailed in Note 2.3 of the Management Statement in this report.”

Annual report 2024A · The company itself

“Should future regulations lead to significant increases in the cost of soy, Bakkafrost’s flexible feed strategy enables adjustments to ingredient composition as necessary.”

Annual report 2024A · The company itself

“We exclusively procure soy certified under recognised sustainability standards, such as Proterra and Europe Soya, which include robust criteria for preventing deforestation and habitat conversion. Regular supplier audits and compliance checks are conducted to verify adherence to these certifications, ensuring that our feed production supports biodiversity conservation and aligns with our corporate sustainability goals.”

Annual report 2024A · The company itself

“To mitigate these risks, Bakkafrost actively invests in research and development to explore alternative feed ingredients, such as marine-based proteins and other sustainable sources. These efforts aim to reduce our reliance on soy while maintaining the nutritional quality of our feed.”

Annual report 2024A · The company itself

“In 2024, 100% of soy was sourced from certified suppliers, demonstrating Bakkafrost’s commitment to sustainable sourcing.”

Annual report 2024A · The company itself

“Total revenues for the FOF segment in 2024 amounted to DKK 2,731 million, compared to DKK 3,489 million in 2023, a decrease of 22%.”

Annual report 2024A · The company itself

“The World Resources Institute has identified improving aquaculture productivity and environmental performance as a key solution to meeting the rising demand for nutritious protein (Creating a Sustainable Food Future, 2018). Farmed salmon is among the most resource-efficient animal proteins, with a low carbon footprint, minimal water and land use, efficient feed conversion, and a high edible yield (Global Salmon Initiative).”

Annual report 2024A · The company itself

“To be a significant contributor in fulfilling the world’s growing demand for healthy and sustainably produced protein VALUES Provenance, Passion and Respect MISSION To produce the best salmon in the world!”

Annual report 2024A · The company itself

“We are contributing towards target 2.4 by providing efficient sustainable production of a healthy source of protein and essential fatty acids to feed a growing global population.”

Annual report 2024A · The company itself

“Få bedrifter i bankens markedsområde er direkte involvert i olje, gass eller havbruksnæringene, der aktiviteten har vært høyere enn i mange andre næringer. I stedet består markedsområdet, spesielt i Innlandet, relativt sett av mange bedrifter innen bygg og anlegg og varehandel, som er rentesensitive, i tillegg til at landbruket er en viktig næring.”

Annual report 2024A · The company itself

“SpareBank 1 Østlandet har størst mulighet til å forsterke den positive og redusere den negative påvirkningen gjennom utlån til kunder. Banken fokuserer på de største utlånsporteføljene, spesielt innen eiendom og landbruk.”

Annual report 2024A · The company itself

“Dette, i kombinasjon med bransjens vesentlighet (målt i utlån), viser at bransjene eiendom utleie, eiendom prosjekt og landbruk har størst klimarisiko.”

Annual report 2024A · The company itself

“For personmarkedet (PM) er avkarboniseringstiltak innen utlån til bolig og bil viktigst, mens det for bedriftsmarkedet (BM) er tiltak innen jordbruk og næringseiendom.”

Annual report 2024A · The company itself

“En viktig del av bankens samfunnsbidrag er å finansiere gode prosjekter som legger til rette for vekst og utvikling av arbeidsplasser, noe som igjen bidrar til lokal velferd i markedsområdene våre og styrker regionens attraktivitet. BM tilbyr lån og kreditter, rådgiving, betalingsformidling i inn og utland, sikring av rente og valutaforretninger, plassering av overskuddslikviditet, forsikring av personer, pensjonsløsninger samt bygg og løsøre til næringslivet.”

Annual report 2024A · The company itself

“Landbruket står sentralt i SpareBank 1 Østlandet sitt markedsområde. Vi ønsker derfor å støtte opp om nyskaping og innovasjonstiltak i bransjen. I samarbeid med Innlandet bondelag deler vi ut innovasjonspriser til elever og studenter ved henholdsvis landbruksfaglig videregående skole og høyere utdanning.”

Annual report 2024A · The company itself

“Landbruk 0,8 % av jordbruksporteføljen skal være grønn 1,7 % Lån til tiltak med utgangspunkt i Landbrukets klimaplan kan kvalifisere for grønt landbrukslån. Det er foreløpig ikke definert kriterier for landbruk i taksonomien.”

Annual report 2024A · The company itself

“Disse lånene går til en rekke bransjer: • eiendomsdrift 13,5 prosent • jord og skogbruk 3,8 prosent • offentlig forvaltning 2,8 prosent • bygg og anlegg 3,1 prosent • industri/kraft og vannforsyning 2,5 prosent • øvrige 3,1 prosent Finans Østlandet kjøretøy og driftsmidler SpareBank 1 Finans Østlandets aktiviteter består av leasing og utlån til privatkjøp av kjøretøy, inkludert grønne billån til elektriske kjøretøy, samt leasing og utlån til bedriftsmarkedet på kjøretøy og driftsmidler.”

Annual report 2024A · The company itself

“BM tilbyr lån og kreditter, rådgiving, betalingsformidling i inn og utland, sikring av rente og valutaforretninger, plassering av overskuddslikviditet, forsikring av personer, pensjonsløsninger samt bygg og løsøre til næringslivet. Virksomheten skjer i tett samhandling med personmarkedsdivisjonen, samt datterselskaper og tilknyttede selskaper som samlet tilbyr leasing, næringsmegling, factoring, regnskaps og rådgivningstjenester.”

Annual report 2024A · The company itself

“Med røtter i en av landets største landbruksregioner, er det naturlig at vi har et sterkt fokus på jordbruk og skogbruk. Det er viktig å støtte en bærekraftig og lønnsom forvaltning av både jordbruk og skogbruk og med dette være en god støttespiller for aktørene i landbruksnæringa.”

Annual report 2024A · The company itself

“Innenfor bedriftmarkedsdivisjonen gjøres det bærekraftsvurderinger spesielt for kunder i eiendomsbransjen og i landbrukssegmentet. Gjennom samarbeid i SpareBank 1alliansen er det utviklet og implementert en egen applikasjon for å gjøre bærekraftsvurderinger på engasjementsnivå i forbindelse med behandling av lånesøknader.”

Annual report 2024A · The company itself

“In addition to coffee, we also purchase significant amounts of dairy, particularly fluid milk, and to a lesser degree, plant-based dairy-free alternative products, such as oat milk and almond milk, to support the needs of our company-operated stores.”

Annual report 2025A · The company itself

“Products other than whole bean coffees and coffee beverages sold in Starbucks stores include tea and a number of ready-to-drink beverages that are purchased from several specialty suppliers, usually under long-term supply contracts. Food products, such as pastries, breakfast sandwiches, and lunch items, are purchased from national, regional, and local sources.”

Annual report 2025A · The company itself

“To help ensure the future supply of high-quality green coffee and to reinforce our leadership role in the coffee industry, Starbucks operates ten farmer support centers, including our China Farmer Support Center located in the Yunnan Province of this high-growth market. Farmer support centers are staffed with agronomists and sustainability experts who work with coffee farming communities to promote best practices in coffee production designed to improve both coffee quality and yields as well as agronomy support to address climate change and other impacts.”

Annual report 2025A · The company itself

“•Sales Volume – Sales volume decreased as lower head harvested were offset by higher average carcass weights. •Average Sales Price – Average sales price increased due to increased input costs and strong demand.”

Annual report 2025A · The company itself

“Pork Segment Results Sales Volume Change (1.7) % 3.8 % Average Sales Price Change 5.3 % (0.7) % •Sales Volume – Sales volume decreased due to production decreases associated with a plant closure in 2024 which were partially offset by production increases at other facilities and higher average carcass weights. •Average Sales Price – Average sales price increased due to increased input costs and strong demand for our pork products.”

Annual report 2025A · The company itself

“•Decrease of $59 million in our Chicken segment from insurance proceeds, net of costs, related to a production facility fire in the fourth quarter of fiscal 2021. •Decrease of $29 million in restructuring and related costs. •Increase in cattle costs of approximately $1,315 million in our Beef segment. •Increase in performance-based compensation costs of $173 million. •Increase of $129 million related to the recognition of legal contingency accruals in our Beef, Pork and Chicken segments. •Increase of $86 million in International/Other from costs related to a production facility fire in the Netherlands and subsequent decision to sell the facility. •Increase of $42 million in our Beef segment from insurance proceeds received in the first quarter of fiscal 2023 related to the fire at our production facility in the fourth quarter of fiscal 2019.”

Annual report 2025A · The company itself

“The Prepared Foods segment is currently experiencing increased raw material costs primarily due to higher meat costs.”

Annual report 2025A · The company itself

“We depend on contract farmers and independent producers to supply us with livestock. We contract primarily with independent contract farmers to raise the live chickens and turkeys processed in our poultry operations.”

Annual report 2025A · The company itself

“•The $586 million impact of lower input cost per pound was impacted by: •Decrease of approximately $895 million in our Chicken segment related to decreased feed ingredient costs. •Decrease in freight and transportation costs of approximately $310 million. •Decrease of $140 million due to plant closure and disposal charges. •Decrease in hog costs of approximately $135 million in our Pork segment. •Decrease in raw material and other input costs of approximately $65 million in our Prepared Foods segment. •Decrease due to net derivative losses of $55 million in fiscal 2024, compared to net derivative losses of $117 million in fiscal 2023 due to our risk management activities.”

Annual report 2025A · The company itself

“We operate a fully vertically-integrated chicken production process. Our integrated operations consist of breeding stock, contract farmers, feed production, processing, further-processing, marketing and transportation of chicken and related specialty products, including animal and pet food ingredients.”

Annual report 2025A · The company itself

“SEGMENT RESULTS We operate in four reportable segments: Beef, Pork, Chicken, and Prepared Foods.”

Annual report 2025A · The company itself

“Senaste året har vi också upplevt en svag efterfrågan inom jordbrukssektorn.”

Annual report 2024A · The company itself

“Tornum Group lägger ett av de historiskt mest utmanande åren bakom sig, där efterfrågan från jordbrukssegmentet varit lågt. Tornum Groups kunders investeringsvilja inom detta segment har påverkats negativt av låga spannmålspriser samt förseningar i fördelning av EU-bidrag.”

Annual report 2024A · The company itself

“Affärsområde Salix Group är en nordisk handelsverksamhet som erbjuder produkter för bygg och industri, primärt beslag, förnödenheter, insatsvaror och emballage. Affärsområdet erbjuder även ett brett utbud av produkter för hem och trädgård samt lant- och skogsbruk.”

Annual report 2024A · The company itself

“I enheten ingår Thomée, Sveriges ledande grossistverksamhet för järn- och bygghandeln, och Heco, en ledande leverantör av skruv och infästningar till den nordiska marknaden. I detta affärsområde ingår även Kellfri, och Trejon som levererar maskiner och redskap till lantbruk, skogsbruk och entreprenad samt Miljöcenter som levererar miljösmarta produkter för hem och trädgård.”

Annual report 2024A · The company itself

“Tornum Group är en globalt ledande leverantör av spannmålshanteringsutrustning för lantbrukoch spannmålsindustri.”

Annual report 2024A · The company itself

“Affärsområdets verksamheter erbjuder produkter för bygg och industri, primärt beslag, förnödenheter, insatsvaror och emballage. Affärsområdet erbjuder vidare ett brett utbud av produkter för hem och trädgård samt lant- och skogsbruk.”

Annual report 2024A · The company itself

“Det största kundsegmentet är byggfackhandeln och närliggande detaljhandelssegment som står för cirka 70 procent av omsättningen. Övriga kundsegment omfattar bland annat bygg- och träindustri, skogs- och lantbruk samt förpackningsindustri.”

Annual report 2024A · The company itself

“Ettiketto Group är verksamma i Sverige och Norge med livsmedelsindustrin som största kundgrupp.”

Annual report 2024A · The company itself

“I enheten Ettiketto ingår fem produktionsenheter som tillverkar självhäftande etiketter till främst livsmedels-, kemi- och hygienindustrin, men även till alla andra tillverkningsindustrier. Ettiketto levererar även ett brett utbud av kringutrustning och service, exempelvis egenproducerad etiketteringsutrustning och skrivare.”

Annual report 2024A · The company itself

“Our livestock products focus on predicting, preventing, detecting and treating diseases, with the understanding that veterinarians and livestock producers must have the tools at their disposal to treat disease expeditiously, which in turn enables the sustainable production of safe, high-quality animal protein. Human population growth and increased standards of living continue to drive demand for increased production of quality animal protein. Population growth leads to greater consumption of natural resources, driving a need for innovative solutions to increase sustainability and productivity.”

Annual report 2025A · The company itself

“Livestock products represented approximately 29% of our revenue for the year ended December 31, 2025.”

Annual report 2025A · The company itself

“Our total revenue attributable to antibacterials for livestock was approximately $713 million for the year ended December 31, 2025.”

Annual report 2025A · The company itself

“U.S. operating segment U.S. segment revenue increased by $23 million in 2025, which was relatively flat compared with 2024, of which $166 million resulted from growth in companion animal products, partially offset by a $143 million decline in livestock products. •Companion animal revenue growth was primarily due to increased sales of Simparica Trio, key dermatology products and small animal diagnostics, partially offset by lower sales of Librela. •Livestock revenue declined due to the impact of the MFA divestiture across cattle, poultry and swine products. Excluding the impact of the MFA divestiture, livestock revenue increased primarily due to higher demand for vaccines in our cattle and poultry markets, partially offset by a decrease in demand for certain swine products.”

Annual report 2025A · The company itself

“We sell our livestock products primarily to veterinarians and livestock producers, including beef and dairy farmers as well as pork and poultry operators, in addition to third-party veterinary distributors and retail outlets, who then typically sell the products to livestock producers.”

Annual report 2025A · The company itself

“We directly market our products to veterinarians and livestock producers located in approximately 45 countries across North America, Europe, Africa, Asia, Australia and South America, and are a market leader in nearly all of the major regions in which we operate. In markets where we do not have a direct commercial presence, we generally contract with distributors that provide logistics and sales and marketing support for our products.”

Annual report 2025A · The company itself

“Industries from fashion and industrial manufacturing to agriculture rely on container shipping, which creates millions of jobs and economic growth.”

Annual report 2025A · The company itself

“Our purpose needs to be more heavily embedded and seen in the business and externally, so we are including strategic initiatives to focus on driving sustainability in energy and oceans.”

Annual report 2024A · The company itself

“ABL Group serves three main industries oil and gas, along with renewables and maritime - industries which experience volatile business cycles.”

Annual report 2024A · The company itself

“En ledande aktör inom Life Science AddLife är en europeisk ledande och oberoende aktör med en diversifierad portfölj inom Life Science. AddLife äger, utvecklar och förvärvar bolag inom framförallt vård och forskning.”

Annual report 2023A · The company itself

“De mest betydande kundgrupperna är sjukhuslaboratorier, akademisk forskning och läkemedelsbolag, huvudsakligen i Norden och i allt högre utsträckning övriga Europa.”

Annual report 2023A · The company itself

“Bolagen i affärsområdet Labtech verkar inom diagnostik och biomedicinsk forskning och laboratorieanalys. Bolagen levererar direkt till kunderna olika produkter och lösningar i form av analysinstrument, apparater, mikroskop, förbrukningsartiklar, reagenser samt applikations och teknisk service till framförallt laboratorier inom sjukvård, forskning, universitet och högskolor samt läkemedels- och livsmedelsindustrin.”

Annual report 2023A · The company itself

“Cochrane currently has long-term contracts with an average remaining term of approximately 10 years with mining customers, mainly with pricing indexed to CPI.”

Annual report 2025A · The company itself

“Divisionen är ledande i Norden med 3 700 Divisionen erbjuder ingenjörsoch konsulttjänster inom produktutveckling, produktionssystem, IT och försvarsteknik. Divisionen är verksam i alla industrisektorer med en tyngdpunkt inom fordon, livsmedel och läkemedel.”

Annual report 2024A · The company itself

“Divisionen är en global och ledande Divisionen stödjer kunder i den hållbara omställningen inom energi, bioindustri, infrastruktur, industri och mobilitetssektorn genom strategisk rådgivning, framåtblickande marknadsanalys, operativ och digital transformation, M&A- och transaktionstjänster samt hållbarhetsrådgivning.”

Annual report 2024A · The company itself

“Our gas chromatography and gas chromatography mass spectrometry businesses enable customers to perform a wide variety of testing including measuring volatile and semi-volatile contaminants to assess the safety of our foods, quality of water and consumer products while also enabling testing of fuels and purity of chemicals.”

Annual report 2025A · The company itself

“Our inductively coupled plasma mass spectrometry, inductively coupled plasma optical emission spectrometry, atomic absorption and microwave plasma-atomic emission spectrometry instruments are vital for our customers to measure metals and elemental signatures in their samples and find uses in the food safety, environmental quality, chemicals manufacture, advanced materials, energy and forensics markets.”

Annual report 2025A · The company itself

“Our instruments and workflow solutions are used throughout the food production chain, including incoming inspection, new product development, quality control and assurance, and packaging.”

Annual report 2025A · The company itself

“We support the food production chain, including incoming inspection, new product development, quality control and assurance, and packaging. Our services also support the food safety market in their work to analyze food for concerns ranging from pathogen contamination and genetic modification to species verification and others.”

Annual report 2025A · The company itself

“Aker Qrill Company Beløp i USD millioner 2024 Driftsinntekter 72 EBITDA (4) EBITDA margin (5,1 %) Resultat fra videreført virksomhet (21) Aker Qrill Company er et antarktisk-krillfangstselskap som leverer ingredienser for menneskeog dyreernæring av høy kvalitet. Selskapet ble opprettet i 2024 etter salget av Feed Ingredients-virksomheten i Aker BioMarine.”

Annual report 2024A · The company itself

“A Milestone in Our Strategic Growth A key achievement in 2024 was the successful completion of the Feed Ingredients transaction. This strategic move enables us to focus exclusively on human health solutions, allowing us to channel our expertise into a growing portfolio of krill-based supplements and other science-backed nutrition products.”

Annual report 2024A · The company itself

“About us Key non-financial figures 2024 Aker BioMarine is a biotech innovator and human health and wellness company, dedicated to improving human health. The company has a strong position in its industry and operates across three key business segments: Human Health Ingredients (HHI), Consumer Health Products, and Emerging Business, each focused on developing high-quality, science-backed solutions for global markets.”

Annual report 2024A · The company itself

“Company structure Aker BioMarine operates across three key business segments: Human Health Ingredients (HHI), Consumer Health Products, and Emerging Business Aker BioMarine is a leading innovator in its industry, specializing in krill- and algae-based ingredients for human nutrition, dietary supplements, and advanced health solutions.”

Annual report 2024A · The company itself

“Understory is developing a sustainable marine protein with a complete amino acid profile, high bioavailability, and naturally occurring minerals.”

Annual report 2024A · The company itself

“Strategic Progress and Transformation Following our strategic direction, we strengthened our position in the global health and nutrition industry.”

Annual report 2024A · The company itself

“Through Lang Pharma Nutrition, Aker BioMarine develops and supplies private-label vitamins and dietary supplements to major U.S. retailers.”

Annual report 2024A · The company itself

“Erbjudande Volvo CE är ett av de ledande företagen inom utveckling av produkter och tjänster för bygg- och anläggning, utvinning, avfallshantering och materialhantering. Volvo CE tillverkar dumprar, hjullastare, grävmaskiner, väganläggningsmaskiner och kompaktmaskiner.”

Annual report 2024A · The company itself

“Our agtech industry tenants and venture investment portfolio companies are subject to a number of risks unique to their industry, including (i) uncertain regulatory environment, (ii) seasonality in business, (iii) unavailability of transportation mechanisms for carrying products and raw materials, (iv) changes in costs or constraints on supplies or energy used in operations, (v) strikes or labor slowdowns or labor contract negotiations, and (vi) rapid technological changes in agriculture. These risks may adversely affect our tenants’ ability to make rental payments or satisfy their other lease obligations to us or may impact our venture investment portfolio companies’ value, which consequently may materially adversely affect our business, results of operations, financial condition, and stock price.”

Annual report 2025A · The company itself

“•Technological advances in agriculture could decrease the demand for crop nutrients, energy, and other crop input products and services our agtech industry tenants and venture investment portfolio companies provide. Genetically engineered crops that resist disease and insects could affect the demand for certain of our tenants’ or venture investment portfolio companies’ products. Demand for fuel could decline as technology allows for more efficient usage of equipment.”

Annual report 2025A · The company itself

“Serviceverksamheten utvecklades starkt under året med en tillväxt på 4 procent och utgör idag 27 procent av divisionen.”

Annual report 2024A · The company itself

“Alfa Lavals historiska närvaro och erbjudande på denna växande marknad förbättrades avsevärt med förvärvet av Desmet 2022, både vad gäller erbjudandet, närvaron och kompetensen.”

Annual report 2024A · The company itself

“Nästa generations livsmedel driver nya krav på teknik och processer, och även på utveckling av tillämpningar, vilket gör att divisionen kan vara den föredragna leverantören av utrustning för alternativt protein och växtbaserad mat och dryck. Med nya produkter och lösningar som är anpassade till branschen och med erbjudanden som i sig är mer hållbara beträffande energi- och vattenförbrukning strävar vi efter att ligga i framkant. Den stora beställningen i Sverige på växtbaserade proteiner från ärtor för att stärka tillgången på hållbara livsmedel är bara en av flera beställningar under året som bekräftar Alfa Lavals starka position inom detta nya område.”

Annual report 2024A · The company itself

“Food & Waterdivisionen arbetar med produkter och system för livsmedel och användningsområden inom vatten, till exempel inom branscher som livsmedel, läkemedel, bioteknik, bryggeri, mejeri och vattenrening.”

Annual report 2024A · The company itself

“Alma Median digitaaliset markkinapaikat keskittyvät rekrytointiin, asumiseen, toimitiloihin, autoiluun sekä yritys- ja juridisen tiedon palveluihin.”

Annual report 2025A · The company itself

“Hyresgästerna utgörs till största delen av etablerade kedjor, bland annat inom livsmedel och lågprishandel.”

Annual report 2024A · The company itself

“In the United States, under a contract growing program, PM USA purchases the majority of its burley and flue-cured leaf tobaccos directly from domestic tobacco growers. Under the terms of this program, PM USA agrees to purchase the amount of tobacco specified in the grower contracts that meets PM USA’s grade and quality standards.”

Annual report 2025A · The company itself

“USSTC purchases dark fire-cured, dark air-cured and burley leaf tobaccos from domestic tobacco growers under a contract growing program. Under the terms of this program, USSTC agrees to purchase the amount of tobacco specified in the grower contracts that meets USSTC’s grade and quality standards.”

Annual report 2025A · The company itself

“As consumer demand increases for innovative smoke-free products and decreases for combustible and MST products, the volume of tobacco leaf required for production of these products has decreased, resulting in reduced tobacco leaf demand. Reduced demand for tobacco leaf may result in the reduced supply and availability of domestic tobacco and increased costs, as growers divert resources to other crops or cease farming.”

Annual report 2025A · The company itself

“In addition, the nicotine used in our operating companies’ innovative smoke-free products is extracted from tobacco produced in one country. If we are unable to identify alternate sources of nicotine for our operating companies’ innovative products, we could be exposed to the risks discussed above.”

Annual report 2025A · The company itself

“As consumer demand increases for innovative smoke-free products and decreases for combustible and MST products, the volume of raw materials, ingredients and component parts required for the production of these products has decreased. Reduced demand for raw materials, ingredients and component parts may reduce supply and availability and increase the cost of raw materials, ingredients and component parts as suppliers divert resources to other products or cease producing these products.”

Annual report 2025A · The company itself

“Today, we are the global leader in developing and producing responsible primary consumer packaging and dispensing solutions across a variety of materials for nutrition, health, beauty and wellness categories.”

Annual report 2026A · The company itself

“Additionally, a sizable portion of our business comes from healthcare packaging and food and beverage packaging, both highly regulated markets.”

Annual report 2026A · The company itself

“The Company’s strategy involves expanding the volume and diversity of crops it merchandises and processes, expanding the global reach of its core model, expanding its value-added product portfolio, and expanding the sustainable agriculture programs and partnerships in which it participates.”

Annual report 2025A · The company itself

“Ag Services and Oilseeds The Ag Services and Oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, as well as the crushing and processing of oilseeds, including soybeans and soft seeds such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed. The segment produces and markets vegetable oils and oilseed protein meals used by food, feed, energy, and industrial customers.”

Annual report 2025A · The company itself

“The segment is also a major supplier of peanuts and peanut‑derived ingredients and manufactures cotton cellulose pulp in North America for chemical, paper, and other industrial markets.”

Annual report 2025A · The company itself

“Change Segment Operating Profit (1) Crushing 159 844 (685) Refined Products and Other 529 552 (23) Wilmar 290 336 (46) Total Ag Services and Oilseeds $ 1,614 $ 2,447 $ (833) Carbohydrate Solutions Starches and Sweeteners $ 1,059 $ 1,343 $ (284) Vantage Corn Processors 152 33 119 Total Carbohydrate Solutions $ 1,211 $ 1,376 $ (165) Nutrition Human Nutrition $ 319 $ 327 $ (8) Animal Nutrition 98 59 39 Total Nutrition $ 417 $ 386 $ 31 (1) For the year ended December 31, 2025, segment operating profit for the Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition segments included a positive impact of timing-related adjustments for incentive compensation payouts of $45 million, $12 million, and $20 million, respectively.”

Annual report 2025A · The company itself

“Year Ended December 31, 2025 Ag Services and Oilseeds Carbohydrate Solutions Nutrition Total Revenue from external customers Less: Cost of materials 56,128 6,679 4,644 Manufacturing costs 3,545 2,657 1,306 Selling, general, and administrative expenses 847 327 1,126 Other segment items (1) (563) (137) 19 Segment operating profit $ 1,614 $ 1,211 $ 417 $ 3,242 Reconciliation of segment operating profit Other Business 298 Corporate (2) (2,049) Specified items: Gains on sales of assets and businesses 39 Asset impairment, restructuring, and net settlement contingencies (435) Gain on contract termination 69 ADM's share of equity method investment non-recurring (gains) and charges, net (3) (1) Other segment items for each reportable segment include Equity in the earnings of affiliates, Interest and investment (income), Interest expense, and Other (income) - net.”

Annual report 2025A · The company itself

“Oilseed protein meals are primarily sold as ingredients for commercial livestock and poultry feeds.”

Annual report 2025A · The company itself

“Nutrition The Nutrition segment serves various end markets including food, beverages, and nutritional supplements for humans, and complete feed, feed premix and additives, pet food and pet treats for livestock, aquaculture, and pets.”

Annual report 2025A · The company itself

“Certain of the Company’s merchandised commodities and finished products are used as ingredients in livestock and poultry feed.”

Annual report 2025A · The company itself

“Animal Nutrition subsegment results were higher compared to the prior year, driven by cost optimization efforts and improved margins due to higher margin in feed additives and lower raw material costs.”

Annual report 2025A · The company itself

“The Swedish operations both grew and improved profitability significantly. The growth was primarily driven by acquisitions during the first half of 2025 and organic development during the second half of 2025.”

Annual report 2025A · The company itself

“Leipurin operates in the food chain, sourcing raw materials in global markets and from domestic companies, supplying them through its effective logistics chain to serve customer needs. Leipurin has operations in five countries, including Finland, Sweden and the Baltic countries, serving bakeries, the food industry and food service customers with raw materials, supporting research & development, recipes and innovations for new products.”

Annual report 2025A · The company itself

“Product range of Leipurin is more than 90% plant-based, and the range and competence are developed to meet the growing market demand for both plantbased proteins and future microbial foods.”

Annual report 2025A · The company itself

“Customers include bakeries, other food industry, retail and restaurant services.”

Annual report 2025A · The company itself

“Middle East, 1% Europe, 15% Africa/ South Process industry, 28% Automotive, 2% Process industry, 25% Compressor Technique The Compressor Technique business area provides compressed air and gas solutions such as industrial compressors, gas and process compressors and expanders, air and gas treatment equipment, air management systems, and service through a global network.”

Annual report 2024A · The company itself

“Clean, dry, and oil-free air, is needed in industrial processes, e.g. the food, pharmaceutical, electronics, and textile industries. Compressors are used in wastewater treatment, and increasingly in applications contributing to the transition to a low-carbon society, such as hydrogen produced with renewable energy, LNG, carbon capture, and batteries for electric vehicles.”

Annual report 2024A · The company itself

“In August, Danmil A/S, a Danish process filtration company, was acquired. The company designs, manufactures, and distributes high-end process filtration solutions for the pharma as well as the food and beverage sector.”

Annual report 2024A · The company itself

“Pomac develops and manufactures a complete product range of hygienic pumps under the brand name Pomac Pumps. The pumps are used worldwide in various industries, mainly in the food & beverage industry.”

Annual report 2024A · The company itself

“Viime vuosina naudanlihan tuotanto Euroopassa on laskenut, mutta samaan aikaan kulutus on pysynyt ennallaan. Tämä aiheuttaa epätasapainoa naudanlihan markkinassa.”

Annual report 2025A · The company itself

“Atria ohjaa liharaaka-aineiden ostoa keskitetysti ja käyttää myös muiden raaka-aineiden hankinnassa laajaa toimittajaverkostoa.”

Annual report 2025A · The company itself

“Strategian keskiössä on varmistaa ydinliiketoimintamme kilpailukyky, kohdentaa investointeja ja resursseja nopeasti kasvaviin tuoteryhmiin, lisätä maiden välistä yhteistyötä skaalaetujen hyödyntämiseksi ja uusiutua tulevaisuuden tarpeisiin vastaamiseksi.”

Annual report 2025A · The company itself

“Kiihdytämme kehitystä kasvavissa kategorioissa: Siipikarjatuotteet ja valmisruoka ovat nopeimmin kasvavia tuoteryhmiä valikoimassamme, ja tavoittelemme näissä tuoteryhmissä nopeaa kasvua. Olemme valmiita tarttumaan kannattaviin kasvumahdollisuuksiin, ja kohdennamme strategiakauden aikana investointeja näihin tuoteryhmiin suhteellisesti enemmän.”

Annual report 2025A · The company itself

“Rakennamme tulevaisuutta uudistumalla: Kasvuun keskittymisen lisäksi meidän on jatkuvasti uudistuttava varmistaaksemme kilpailukykymme myös tulevaisuudessa. Uudistumisen painopisteemme ovat vastuullisuus, paras mahdollinen kumppanuus omistajatuottajille, ainutlaatuisen yhtenäisen ruokaketjumme kehittäminen teknologian avulla, terveellisten ruokaratkaisujen jatkuva kehittäminen sekä valmius laajentaa raaka-ainepohjaa vaihtoehtoisiin proteiineihin.”

Annual report 2025A · The company itself

“Atria kehittää alkutuotannon resilienssiä yhteistyössä toimialan ja tutkimuksen kanssa.”

Annual report 2025A · The company itself

“Kaikilla Atrian tuotantolaitoksilla Suomessa, Ruotsissa ja Tanskassa on sertifioituna GFSI (Global Food Safety Initiative) -hyväksytty ja Virossa ISO 22 000 sertifioitu elintarviketurvallisuuden hallintajärjestelmä, joka huomioi tuotteiden turvallisuuden koko niiden elinkaaren ajalta raaka-aineista aina kuluttajalle asti.”

Annual report 2025A · The company itself

“Atria-konsernin vahvuus perustuu sen omistajapohjaan ja yhtiön strategian mukaisesti tiiviiseen yhteistyöhön suomalaisten tuottajien kanssa. Omistajajäsenten kautta Atrialla on saatavilla korkealaatuista kotimaista raaka-ainetta, mikä luo vakaan perustan toiminnalle ja liiketoiminnan pitkäjänteiselle kehittämiselle.”

Annual report 2025A · The company itself

“Rehujen kehittäminen Atrian rehuliiketoiminta Suomessa on keskeinen osa vastuullista alkutuotantoa. Ruokinnan avulla vaikutetaan eläinten hyvinvointiin, tuotantoketjun ympäristösuorituskykyyn sekä tilojen kilpailukykyyn.”

Annual report 2025A · The company itself

“Rehujen kehitystä ja ruokinnan optimointia ohjataan elinkaariarviointi ‑ perusteisella tiedolla sek ä alkutuotantoketjun ohjattavuuden kehitt ä misell ä .”

Annual report 2025A · The company itself

“KATSAUS VUOTEEN 2025: ATRIALLA JÄLLEEN VAHVA VUOSI - LIIKEVAIHTO JA OIKAISTU LIIKEVOITTO KASVOIVAT Atria-konsernin liikevaihto kasvoi 1813,7 miljoonaan euroon. Kasvua edellisvuoteen saavutettiin 58,4 miljoonaa euroa.”

Annual report 2025A · The company itself

“Tuoreen siipikarjanlihan ja valmisruokien markkina on ollut vahvassa kasvussa Ruotsin vähittäiskaupassa.”

Annual report 2025A · The company itself

“Myynti vientija teollisuusasiakkaille sekä rehumyynti oli edellisvuotta parempaa.”

Annual report 2025A · The company itself

“Atria-konsernin oikaistu liikevoitto oli 69,9 miljoonaa euroa, ja se oli 4,5 miljoonaa euroa parempi kuin edellisenä vuonna.”

Annual report 2025A · The company itself

“Valmisruokatehtaan investointi on osa laajempaa, noin 110 miljoonan euron ohjelmaa, jonka ensimmäinen vaihe käynnistettiin keväällä ohukaistuotannon 7 miljoonan euron investoinnilla. Ohukaistuotannon laajennus valmistuu vuoden 2026 syksyllä.”

Annual report 2025A · The company itself

“Lisäksi Atria investoi 16 miljoonaa euroa Kauhajoen nautateurastamon kehittämiseen. Tämän hankkeen tavoitteena on parantaa tuotantokapasiteettia ja prosessien tehokkuutta sekä vastata kasvavaan kotimaisen naudanlihan kysyntään.”

Annual report 2025A · The company itself

“Kasvuun liittyviä mittareita on tarkennettu: konsernin liikevaihtotavoite – yli 2 miljardia euroa - on lisätty osaksi kokonaisuutta, ja oman pääoman tuottotavoitetta on nostettu 12 prosenttiin aiemmasta 10 prosentista.”

Annual report 2025A · The company itself

“Kasvatamme ja optimoimme ydinliiketoimintaamme: Punainen liha ja lihavalmisteet ovat merkittävä osa ydinliiketoimintaamme ja säilyvät keskiössä myös seuraavalla strategiakaudella.”

Annual report 2025A · The company itself

“Valmisruokien, valmisruokakomponenttien ja napostelun kysynnän lisääntyminen. ● Foodservice-kanavan, kaupan omien merkkien ja digitaalisten kanavien suosion kasvaminen. ● Talouden lisääntynyt epävakaus, epävarmuus, protektionismi ja paikallisuus.”

Annual report 2025A · The company itself

“Atrian päätuoteryhmiä ovat tuore- ja kuluttajapakattu liha, siipikarjatuotteet, lihavalmisteet kuten makkarat ja leivänpäälliset sekä valmisruoka.”

Annual report 2025A · The company itself

“Tuoteuutuuksien määrä Atria-konsernissa tilikaudella oli yhteensä 208 kappaletta.”

Annual report 2025A · The company itself

“Liiketoiminta-alue Atria Tanska & Viro toi markkinoille yhteensä 76 uutta tuotetta vuonna 2025. Näiden tuotteiden osuus liikevaihdosta oli 8,8 prosenttia.”

Annual report 2025A · The company itself

“Naudan, sian ja siipikarjan lihasta 76 prosenttia tulee Atrian sopimustuotantotiloilta.”

Annual report 2025A · The company itself

“Lerøy Seafood Group ASA Lerøy Seafood Group ASA (LSG) is a Norwegian public company listed on the Oslo Stock Exchange. LSG group is involved in fish farming (salmon and trout), fishery of whitefish and VAP of salmon, trout and whitefish, and sale and distribution of different fish species and processed fish products.”

Annual report 2024A · The company itself

“FoodCorp Chile S.A. - Chile FoodCorp Chile S.A. (FC) is a Chilean private company within the pelagic sector. The company is located in Coronel and is a truly integrated system engaged in production of frozen fish, fishmeal and fish oil.”

Annual report 2024A · The company itself

“Birkeland AS (BRBI) is a private company within the fishing segment. BRBI operations consist of a fleet of two fishing vessels. The two vessels catch snow crab, with onboard facilities for full processing.”

Annual report 2024A · The company itself

“Pelagia Holding AS Pelagia Holding AS (Pelagia) is a private company within the pelagic sector. Pelagia is engaged in production of fishmeal, fish oil, Omega-3 oil, frozen fish for direct human consumption and protein concentrate and oil based on cuttings from the salmon industry, whitefish industry and pelagic cuttings in Norway, UK and Ireland.”

Annual report 2024A · The company itself

“In 2022, AutoStore also received the first order for a new grid technology featuring multiple temperature zones, including frozen, which expands the company’s penetration of the grocery segment. StrongPoint, a trusted AutoStore partner since 2021, was chosen by the Norwegian food distribution company DLVRY to install the multi-temperature grid in a facility based in Sveio, Norway.”

Annual report 2022A · The company itself

“Table of Contents Label materials are sold worldwide to converters for labeling, decorating and specialty applications in the food, home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits and logistics market segments.”

Annual report 2025A · The company itself

“Solutions Group Our Solutions Group is a leading provider of information and branding solutions that cover worldwide marketplace needs ranging from digital identification and data management to branding and embellishment, productivity, pricing and retail media. Our ultra-high-frequency RFID solutions empower customers across multiple retail and industry segments, including apparel, logistics, food and grocery, and general retail, to connect the physical and digital worlds by enabling a digital identity and life for physical items.”

Annual report 2025A · The company itself

“IT, media, underhållning, 8% (8) Medlemsorganisationer, föreningar 6% (6) Handel, 7% (7) Transport/logistik, 7% (6) Telekom, 4% (4) Övrigt, 7% (9) Myndighet, kommun, 16% (13) INTÄKTER PER BRANSCH 2024 Några av B3s kunder Almi, Arbetsförmedlingen, Bliwa, Epiroc, FAR, Filmstaden, Försäkringskassan, Handelsbanken, Hyresgästföreningen, Inera, Jordbruksverket, Lantmäteriet, Länsförsäkringar, Sveriges Lärare, Parks and Resorts, Polismyndigheten, Preem, Region Skåne, Region Stockholm, Sandvik, SEB, SGDS-gruppen, SJ, Skandia, Skatteverket, Skolverket, SMHI, Stena, Sundsvalls kommun, Sveaskog, Svenska kyrkan, Svenskt Näringsliv, SVT, Swedbank, Telenor, Telia, Trafik förvaltningen (SL), Trafikverket, Transportstyrelsen, Valmyndigheten, Vattenfall, Volvo, Västra Götalandsregionen.”

Annual report 2024A · The company itself

“Beijer Refs huvudaffär är att sälja till andra företag som säljer vidare kyl- och värmelösningar till slutkunden i samband med installation och underhåll. Merparten av försäljningen sker till eftermarknaden och resterande del utgörs av nya installationer.”

Annual report 2024A · The company itself

“Idag beräknas cirka 30 procent av Europas dryga 250 000 livsmedelsbutiker använda sig av miljöanpassade kylsystem.”

Annual report 2024A · The company itself

“Koncernen har en styrka i att den står på flera ben – kommersiell och industriell kyla, HVAC och egen tillverkning – vilket gör affären mindre beroende av det ekonomiska klimatet. Inom kommersiell kyla är marknaden relativt okänslig för konjunkturen eftersom den till stor del är knuten till livsmedelssektorn och eftermarknad.”

Annual report 2024A · The company itself

“Historiskt sett har marknadspositionen varit särskilt stark inom kommersiell och industriell kylteknik, som fortsatte växa stabilt under 2024. Samtidigt såg försäljningen inom HVAC en solid tillväxt, med den starkaste utvecklingen i Östeuropa.”

Annual report 2024A · The company itself

“Beställningen gäller ett koldioxidbaserat kylsystem till ett stort läkemedelsföretags lager, där kraven på säkerhet och precision i kylningen är högt.”

Annual report 2024A · The company itself

“Freight revenues are classified into the following categories: consumer products, industrial products, agricultural and energy products and coal. The volumes shipped and rates charged are affected by competition from other freight carriers within the transportation industry, and changes in the underlying supply and demand for such products.”

Annual report unknown yearA · The company itself

“BNSF Railway had approximately 35,000 employees at the end of 2025, of whom approximately 30,000 were members of a labor union. In serving the Midwest, Pacific Northwest, Western, Southwestern and Southeastern regions and certain ports of the U.S., BNSF Railway transports a range of products and commodities derived from manufacturing, agricultural and natural resource industries.”

Annual report unknown yearA · The company itself

“(“CTB”), headquartered in Milford, Indiana, is a leading global designer, manufacturer and marketer of a wide range of agricultural systems and solutions for preserving grain, producing poultry, pigs and eggs, and for processing poultry, fish, vegetables and other foods. CTB operates from facilities located around the globe and supports customers through a worldwide network of independent distributors and dealers.”

Annual report unknown yearA · The company itself

“Bell Laboratories produces high quality rodenticides and other rodent control products for commercial, agricultural and retail markets and is headquartered in Windsor, Wisconsin.”

Annual report unknown yearA · The company itself

“PacifiCorp is a regulated electric utility company headquartered in Oregon, serving electric customers in portions of Utah, Oregon, Wyoming, Washington, Idaho and California. The combined service territory’s diverse regional economy ranges from rural, agricultural and mining areas to urban, manufacturing and government service centers. No single segment of the economy dominates the combined service territory, which helps mitigate PacifiCorp’s exposure to economic fluctuations.”

Annual report unknown yearA · The company itself

“MEC is a regulated electric and natural gas utility company headquartered in Iowa, serving electric and natural gas customers primarily in Iowa and also in portions of Illinois, South Dakota and Nebraska. MEC’s diverse retail customer base operates in the electronic data storage, agricultural, manufacturing and government service centers industries.”

Annual report unknown yearA · The company itself

“Union Tank Car Company (“UTLX”) is the largest component of the Rail & Leasing group and is a leading designer, builder and full-service lessor of railroad tank cars and other specialized railcars. Together, with its Canadian affiliate Procor, UTLX owns a fleet of approximately 118,000 railcars for lease to customers in chemical, petrochemical, energy and agricultural/food industries.”

Annual report unknown yearA · The company itself

“The company leases 10 properties from KMC Properties. ■ The pelagic fish producer Grøntvedt Group accounts for 8 per cent of NOI in 2023. The company is a leading platform within industrial processing of pelagic fish, and the world’s largest producer of marinated herring.”

Annual report 2023A · The company itself

“■ Gross asset value 6.2 6.5 YE 2023 proformaYE 2023YE 2022 7.4% 7.3% 6.9% 5.3% 6.3% 6.2% | The property is strategically located in a logistic hub south of Narvik city center, close to the E6 motorway, the railway and port terminal. The property has lease agreements with the Norwegian meat producer Kuraas AS with an initial lease of 15 years and with Servicegrossistene with an initial lease of 10 years.”

Annual report 2023A · The company itself

“DIY-MARKNADEN I NORDEN DIY innefattar produktkategorier såsom trädgård, bygg och renovering och fritid. I konsumentmarknaden för DIY ingår försäljning från butiker kategoriserade som DIY-återförsäljare, vilket innefattar både traditionella byggvaruhus och webbutiker, medan försäljning mot företag och professionella hantverkare inte räknas med.”

Annual report 2024A · The company itself

“We develop and deliver high-end fish and shrimp feed solutions for aquaculture farmers around the globe, supporting the production of delicious and healthy seafood in more than 90 countries.”

Annual report 2025A · The company itself

“Sen yhtiöt toimivat tunnettujen päämiesten edustajina ja palvelevat muun muassa konepaja-, rakennus-, prosessi-, metsäja betoniteollisuutta Suomessa, Ruotsissa ja Virossa.”

Annual report 2024A · The company itself

“Commercial Lines: Specific industries and market niches are served by our commercial programs including automotive aftermarket, professional and amateur sports, special events and the entertainment industry; commercial transportation and trucking; forestry; manufactured 6 housing; and workers’ compensation.”

Annual report 2025A · The company itself

“BTS kunder är verksamma huvudsakligen inom nio branscher: IT, finansiella tjänster, tillverkande industri, professional services, läkemedel & bioteknik, dagligvarubranschen (så kallade Fast-Moving Consumer Goods – FMCG), energi, telekom samt handel & distribution.”

Annual report 2024A · The company itself

“Our sourcing services consist primarily of the buying, selling, and/or marketing of fresh fruits, vegetables, and other value-added perishable items.”

Annual report 2025A · The company itself

“Table of Contents Robinson Fresh provides sourcing services that primarily include the buying, selling, and/or marketing of fresh fruits, vegetables, and other value-added perishable items. Robinson Fresh sources products from around the world.”

Annual report 2025A · The company itself

“Buying and reselling fresh produce exposes us to possible product liability. Agricultural chemicals used on fresh produce are subject to various approvals, and the commodities themselves are subject to regulations on cleanliness and contamination.”

Annual report 2025A · The company itself

“Our sourcing customer base includes grocery retailers, restaurants, foodservice distributors, and produce wholesalers.”

Annual report 2025A · The company itself

“Capsol’s strategy is to focus on hard-to-abate industries where its technologies have significant competitive advantages and engage in partnerships with leading companies globally to further improve value propositions and extend reach.”

Annual report 2024A · The company itself

“Sustainability strategy aligned with strategic priorities Sustainability strategy Capsol provides solutions that enable production of low carbon energy through carbon capture from cement, biomass, energy-from-waste and gas turbines.”

Annual report 2024A · The company itself

“Key segments include cement, biomass, energy-from-waste and gas turbines.”

Annual report 2024A · The company itself

“Capsol has reached a commercial inflection point in biomass, energy -from-waste, and cement, where we are emerging as a preferred carbon capture technology over industry incumbents.”

Annual report 2024A · The company itself

“Capsol offers carbon capture solutions for hard-to-abate industries like cement, energy-from-waste, biomass and gas turbines, creating long-term value for customers, shareholders, society and the environment.”

Annual report 2024A · The company itself

“CapsolEoP® (end-of-pipe) is a full-scale, post-combustion carbon capture solution designed for large industrial emitters across cement, biomass, EfW, power generation and process industries.”

Annual report 2024A · The company itself

“For example, in fiscal 2025, we completed several acquisitions in disparate businesses: the acquisition of Integrated Oncology Network and GI Alliance, which are part of our Specialty business, and the acquisition of Advanced Diabetes Supply Group, which is part of our Cardinal Health At-Home businesses.”

Annual report 2026A · The company itself

“Prepared food and dispensed beverage revenue increased by $165,066 (10.2%), due to an increase in same-store sales of 5.2% driven by improved sales of hot sandwiches, bakery, and whole pizzas, as well as an increase of approximately 5.0% due to store growth. Grocery and general merchandise revenue increased by $419,727 (10.1%), due to an increase in same-store sales of 3.9% driven by strong sales of non-alcoholic beverages, as well as an increase of approximately 6.2% due to store growth.”

Annual report 2026A · The company itself

“Tillväxten har främst drivits av export, särskilt inom läkemedelsindustrin, där exportvolymen ökat med över 40 procent sedan bottennivån under pandemin.”

Annual report 2024A · The company itself

“Långsiktiga kundrelationer Ett starkt kassaflöde säkerställs genom långa relationer med en stor bredd av kunder. Flera av dem tillhör marknadens största aktörer och har samhällsbärande funktioner.”

Annual report 2024A · The company itself

“På en befintlig byggrätt i Linköping har vi kunnat påbörja byggnation av en ny logistikanläggning till San Sac, totalt 9 800 kvm stor.”

Annual report 2024A · The company itself

“Construction Industries Our Construction Industries segment is primarily responsible for supporting customers using machinery in infrastructure and building construction applications. The majority of machine sales in this segment are made in the heavy and general construction, rental, quarry and aggregates and mining industries.”

Annual report 2025A · The company itself

“The Construction Industries product portfolio includes the following machines and related parts, services and worktools: · asphalt pavers · motor graders · track-type tractors (small, medium) · backhoe loaders · pipelayers · track excavators (mini, small · cold planers · road reclaimers medium, large) · compactors · skid steer loaders · wheel excavators · compact track loaders · telehandlers · wheel loaders (compact, small, · forestry machines · track-type loaders medium) · material handlers Resource Industries The Resource Industries segment is primarily responsible for supporting customers using machinery in mining, heavy construction and quarry and aggregates.”

Annual report 2025A · The company itself

“Cencora is one of the largest global pharmaceutical sourcing and distribution services companies, helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and enhance patient care. We deliver innovative programs and services designed to increase the effectiveness and efficiency of the pharmaceutical supply chain in both human and animal health. More specifically, we distribute a comprehensive offering of brand-name, specialty brand-name, and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to a wide variety of healthcare providers located in the United States and select global markets, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and alternate site pharmacies, physician practices, medical and dialysis clinics, veterinarians, and other customers.”

Annual report 2025A · The company itself

“Our animal health business sells pharmaceuticals, vaccines, parasiticides, diagnostics, micro feed ingredients, and various other products to customers in both the companion animal and production animal markets.”

Annual report 2025A · The company itself

“Our RMS reportable segment includes the products and services offered within Research Models, Research Model Services, and Cell Solutions. Research Models includes the commercial production and sale of small research models, as well as the supply of large research models.”

Annual report 2025A · The company itself

“This business will be reported as part of our DSA reportable segment for NHPs vertically integrated into the DSA supply chain and the RMS reportable segment for those NHPs sold to third party customers.”

Annual report 2025A · The company itself

“RMS Fiscal Year 2025 2024 $ change % change Impact of FX (in thousands, except percentages) Revenue $ 846,082 $ 829,377 $ 16,705 2.0 % 0.8 % Cost of revenue (excluding amortization of intangible assets) 576,250 580,491 (4,241) (0.7) % Selling, general and administrative 101,529 110,982 (9,453) (8.5) % Amortization of intangible assets 21,736 23,493 (1,757) (7.5) % Intangible asset impairment 102,000 — 102,000 100.0 % Operating income $ 44,567 $ 114,411 $ (69,844) (61.0) % 1.9 % Operating income % of revenue 5.3 % 13.8 % (850) bps RMS revenue increased $16.7 million primarily driven by an increase in large research model product revenue, an increase in small research model revenue in China and Europe, an increase in Insourcing Solutions services revenue, and the effect of changes in foreign currency exchange rates; partially offset by lower Cell Solutions product revenue.”

Annual report 2025A · The company itself

“Clients Our clients consist primarily of major biopharmaceutical companies; many small, emerging, and established biotechnology, agricultural and industrial chemical, life science, veterinary medicine, medical device, diagnostic and consumer product companies; contract research and contract manufacturing organizations; and other commercial entities, as well as leading hospitals, academic institutions, government agencies, and non-governmental organizations.”

Annual report 2025A · The company itself

“As a focus, CRL aims to be the premier provider of products and services that ensure our clients develop, produce and release their products safely. Separately, through our various Manufacturing segment businesses, we aim to be the premier provider of products and services that ensure our clients produce and release their products safely.”

Annual report 2025A · The company itself

“produktions- og kvalitetskontrol af dyresæd, øl og mælk”

Annual report 2025A · The company itself

“Vækst SP-100 instrumentet, der tilhører NC-100 produktfamilien, blev introduceret på markedet for ca. 20 år siden, og der er ikke kommet nogen produktopdatering siden da. Dette er meget usædvanligt inden for branchen for laboratorieudstyr, men til trods herfor opfatter kunderne stadig produktet som værende tidssvarende.”

Annual report 2025A · The company itself

“Her vil vi yderligere intensivere markedsførin- Læs mere om automatisering på side 32 Ledelsens beretningꢀ|ꢀChemoMetec kort fortalt Årsrapport 2024/25ꢀ|ꢀChemoMetec 6 ChemoMetec kort fortalt ChemoMetec er specialiseret inden for udvikling, produktion og salg af højkvalitets analyseudstyr, der optimerer workflows hos vores kunder og sikrer præcise, konsistente og hurtige målinger inden for tælling og analyse af celler. Analyseudstyret anvendes inden for en lang række områder – blandt andet celle- og genterapi, cancer- og stamcelleforskning, udvikling og produktion af lægemidler samt produktions- og kvalitetskontrol af dyresæd, øl og mælk.”

Annual report 2025A · The company itself

“Forretningsområde 2 Produktions- og kvalitetskontrol af dyresæd, øl og mælk (SP-100, En væsentlig del af markedet for produktions- og kvalitetskontrol af dyresæd består af forskellige former for sædanalyse. ChemoMetecs SP-100 adresserer dette marked, og produktet anvendes til at tælle antallet af sædceller i en prøve samt til bestemmelse af levedygtigheden af sædcellerne. SP-100 finder typisk anvendelse på tyre-, orne- og hingstestationer, hvor der produceres sæddoser til kunstig inseminering.”

Annual report 2025A · The company itself

“•The North America Agricultural Insurance segment includes the business written by Rain and Hail Insurance Service, Inc. in the U.S. and Canada, which provides comprehensive multiple peril crop insurance (MPCI) and crop-hail insurance, and Chubb Agribusiness, which offers farm and ranch property as well as specialty P&C coverages, including commercial agriculture products. •The Overseas General Insurance segment includes the business written by two Chubb divisions that provides both commercial and consumer P&C insurance and services in the countries and territories outside of North America where the company operates.”

Annual report 2025A · The company itself

“North America Agricultural Insurance (5 percent of 2025 Consolidated NPE) Overview The North America Agricultural Insurance segment comprises our U.S. and Canadian based businesses that provide a variety of coverages including crop insurance, primarily Multiple Peril Crop Insurance (MPCI) and crop-hail insurance through Rain and Hail Insurance Service, Inc. (Rain and Hail), as well as farm and ranch and specialty P&C commercial insurance products and services through our Chubb Agribusiness unit.”

Annual report 2025A · The company itself

“Table of Contents Chubb Agribusiness comprises Commercial Agribusiness and Farm and Ranch Agribusiness. •Commercial Agribusiness offers specialty P&C coverages for commercial companies that manufacture, process, and distribute agricultural products.”

Annual report 2025A · The company itself

“Specialty Products Division Our SPD segment focuses on sales to businesses and participates in three product areas: Animal Nutrition, Specialty Chemicals and Commercial & Professional, and accounted for approximately 5% of our consolidated net sales in 2025. Animal Nutrition Products Since the ARM & HAMMER® Animal Nutrition business began in 1972, with its launch of ARM & HAMMER® baking soda as a feed additive to help dairy cows produce more milk, we have built a leading portfolio of nutritional supplements designed to help improve the health and productivity of dairy cows.”

Annual report 2025A · The company itself

“We sell our specialty products to industrial customers, livestock producers and through distributors.”

Annual report 2025A · The company itself

“Life Insurance Segment The life insurance segment contributed $330 million of net earned premiums, representing 2.6% of 2025 consolidated total revenues, and reported a gain before income taxes of $65 million.”

Annual report 2025A · The company itself

“In addition, communities receive further financial benefits through our payments to landowners, tax contributions, as well as support and participation in local initiatives. These cash injections can have a significant impact on small, remote communities, sometimes making the difference between maintaining a family farm or being forced to sell.”

Annual report 2024A · The company itself

“In addition, we have established a fund (currently $98.0 million) to provide payments, up to certain maximum levels, to qualified family farmers, ranchers and other agricultural industry participants who use our derivatives products and who suffer losses to their segregated account balances if their clearing firm becomes insolvent.”

Annual report 2025A · The company itself

“Milk is the principal raw material for our dairy products. We derive the majority of our dairy revenues through fairlife, LLC (“fairlife”), which purchases milk from dairy cooperatives that in turn source milk from farms within the cooperatives.”

Annual report 2025A · The company itself

“In the vast majority of our markets, our products are sold and distributed by independent bottling partners, and we therefore derive a significant portion of our net operating revenues from sales of concentrates and syrups to independent bottling partners.”

Annual report 2025A · The company itself

“Our HS segment consists of healthcare providers and payers, and life sciences companies, including pharmaceutical, biotech and medical device companies. Demand in this segment is driven by emerging industry trends, including the shift towards consumerism, outcome-based care, digital health and delivering seamless, patient-centered experiences. These trends result in increased demand for services that drive operational improvements in areas such as clinical development, pharmacovigilance and manufacturing, as well as claims processing, enrollment, membership and revenue cycle management.”

Annual report 2025A · The company itself

“Through our Hill’s Pet Nutrition segment (“Hill’s” or “Pet Nutrition”), we are a leader in specialty pet nutrition products for dogs and cats with products marketed in over 80 countries and territories worldwide.”

Annual report 2025A · The company itself

“Sales of Pet Nutrition products accounted for 23% of our total worldwide Net sales in 2025.”

Annual report 2025A · The company itself

“Columbus is a consultancy company that brings business, technology and people together and turn transformation into lasting value within Manufacturing, Retail & Distribution, Food & Beverage, and Life Science.”

Annual report 2025A · The company itself

“This acquisition enhances our Microsoft Dynamics 365 delivery capacity with seasoned consultants and expands our presence in the Food & Beverage industry, adding a portfolio of leading Norwegian customers.”

Annual report 2025A · The company itself

“Engivas, med huvud - kontor i Stockholm (Sverige) är ett nytänkande svenskt CleanTech-företag som genom en termokemisk process producerar biokol, bioolja och biogas baserat på restprodukter från skogsindustrin som på ett förnyelsebart sätt kan ersätta fossila insatsvaror inom olika industrier.”

Annual report 2024A · The company itself

“Members We maintain a database of approximately 1 million registered members (“buyers”) in the vehicle dismantling and recycling, rebuilding, used vehicle dealer and export industries, as well as members that are a part of the general public, where applicable.”

Annual report 2025A · The company itself

“We offer fuel solutions primarily to businesses and public sector entities who operate vehicle fleets, and, in some cases, to consumers in Brazil, Mexico and Europe.”

Annual report 2025A · The company itself

“We offer merchandise and services in the following categories: ■Core Merchandise Categories: •Foods and Sundries (including sundries, dry grocery, candy, cooler, freezer, liquor, and tobacco) •Non-Foods (including major appliances, small electronics, health and beauty aids, hardware, lawn and garden, sporting goods, tires, toys and seasonal, automotive, stamps, tickets, apparel, furniture, domestics, housewares, special order kiosk, and jewelry) •Fresh Foods (including meat, produce, deli, and bakery) ■Warehouse Ancillary (includes gasoline, pharmacy, optical, food court, hearing aids, and tire installation) ■Other Businesses (includes e-commerce, business centers, travel, and other) Warehouse ancillary operate primarily within, next to or near our warehouses, encouraging more frequent shopping.”

Annual report 2025A · The company itself

“The Company’s merchandise business is comprised of shipments in the following diverse markets: chemicals, agricultural and food products, automotive, minerals, forest products, metals and equipment, and fertilizers.”

Annual report 2025A · The company itself

“This access allows the Company to meet the dynamic transportation needs of manufacturers, industrial producers, the automotive industry, construction companies, farmers and feed mills, wholesalers and retailers, and energy producers.”

Annual report 2025A · The company itself

“The biggest TRANSFLO markets are chemicals and agriculture, which includes shipments of plastics and ethanol.”

Annual report 2025A · The company itself

“We sell our industrial engines to manufacturers of construction and agricultural equipment including Hyundai Heavy Industries, Komatsu Ltd. (Komatsu), J.C. Bamford Excavators Ltd., Zoomlion Heavy Industry Science & Technology Co., Ltd, Xuzhou Construction Machinery Group, Guangxi LiuGong Machinery Co., Ltd, JLG Industries, Inc. and SANY Heavy Industry Co., Ltd.”

Annual report 2025A · The company itself

“Australia’s largest grain exporter, CBH Group, has advanced its decarbonisation strategy”

Annual report 2025A · The company itself

“Vessel sizes range from MPP (5,000 dwt) to Capesize (200,000 dwt) as well as product tankers.”

Annual report 2025A · The company itself

“The initiative supports CBH’s goal of maintaining competitive access to key global markets amid tightening environmental regulation, particularly in Europe. Under the pilot, Western Australian grain was transported to the European Union using waste-based biofuels on selected NORDEN voyages.”

Annual report 2025A · The company itself

“Typical users of these products and services include pharmaceutical and biopharmaceutical companies, translational medicine institutions, biotechnology companies and contract manufacturing organizations.”

Annual report 2025A · The company itself

“Typical users of these products include professionals, scientists and researchers in the areas of academic and commercial research, agriculture, medical diagnostics, 6 pharmaceutical development, biotechnology companies and research institutions across discovery, clinical and commercial applications.”

Annual report 2025A · The company itself

“The business’ technologies enhance the quality and efficiency of manufacturing processes and prolong equipment life in applications such as microelectronics, aircraft, oil refineries, power generation turbines and petrochemical plants. The business also serves the filtration needs of the food and beverage markets, helping customers ensure the quality and safety of their products while lowering operating costs and minimizing waste.”

Annual report 2025A · The company itself

“Quality Assurance Our Total Quality Department helps ensure that all restaurants provide safe, high-quality food in a clean and safe environment. Through rigorous supplier and risk-based product evaluations, we purchase only products that meet or exceed our product specifications.”

Annual report 2026A · The company itself

“primary customer segments are cold chain, FMCG/ retail, industrials, and automotive”

Annual report 2025A · The company itself

“The primary customer segments are cold chain, FMCG/ retail, industrials, and automotive.”

Annual report 2025A · The company itself

“Our platform facilitates deliveries to consumers from non-partner merchants, and we face certain risks associated with these deliveries. We aim to have a broad selection of merchants on our platform, which sometimes includes facilitating deliveries to consumers from non-partner merchants.”

Annual report 2025A · The company itself

“We face certain risks in connection with our self-operated convenience, grocery, and other retail businesses. We face certain risks in connection with our self-operated convenience, grocery, and other retail businesses. To build and expand our self-operated businesses, we have made substantial investments, including in establishing and managing a reliable supply chain for in-store products, establishing supply-related contractual partnerships, leasing premises, hiring 23 Table of Contents personnel, and rolling out relevant technologies and processes.”

Annual report 2025A · The company itself

“The Company's Marketplaces operate in over 40 countries and provide an integrated suite of services that help merchants establish an online presence, connect with consumers in their communities, and solve mission-critical challenges, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.”

Annual report 2025A · The company itself

“Under the Company’s agreements with partner merchants, the Company agrees to a commission to be earned as a percentage of the total dollar value of goods ordered. When a consumer signs up to use the Company’s local commerce platform, the consumer agrees to be charged certain fees, at the time an order is placed, in exchange for use of the platform.”

Annual report 2025A · The company itself

“With respect to order facilitation services, the Company has determined it is an agent for partner merchants in facilitating the sale of products to the consumer through its Marketplaces. The consumer accesses the Company’s local commerce platform to identify merchants and places an order for merchants’ products. These orders are picked up from partner merchants and delivered to consumers by Dashers.”

Annual report 2025A · The company itself

“•Our Imaging & Identification segment supplies precision marking and coding, product traceability, brand protection and digital textile printing equipment, as well as related consumables, software and services to the global packaged and consumer goods, pharmaceutical, industrial manufacturing, textile and other end-markets. •Our Pumps & Process Solutions segment manufactures specialty pumps and flow meters, fluid transfer connectors, highly engineered precision components, instruments and digital controls for rotating and reciprocating machines, polymer processing equipment, measurement, inspection, and control technologies, serving single-use biopharmaceutical production, diversified industrial manufacturing applications, chemical production, plastics and polymer processing, midstream and downstream oil and gas, clean energy markets, thermal management, wire and cable, food and beverage, semiconductor production and medical applications and other end-markets. •Our Climate & Sustainability Technologies segment is a provider of innovative and energy-efficient equipment, components, solutions, services and parts for the commercial refrigeration, heating and cooling and beverage can-making equipment end-markets.”

Annual report 2025A · The company itself

“The additional capacity supports increasing demand across a wide range of fast-growing end-markets including home and personal care, industrial and institutional cleaning solutions and pharmaceuticals.”

Annual report 2025A · The company itself

“• Ett förändrat livsmedelssystem, där hållbarhet, hygien och minskat matsvinn är högt prioriterade faktorer i kedjan från pro ducent till konsument.”

Annual report 2024A · The company itself

“Details on Healthcare & Water Technologies' 2025 net sales, by business and geographic region, are as follows: Healthcare Technologies delivers specialized materials and product design, prototyping, and manufacturing services tailored for situations where technological advancement is paramount, and the assurance of quality and performance is required. This business produces medical packaging, high-performance parts and components to meet stringent performance, quality, and regulatory requirements for the biopharma and medical device markets. Key offerings include specialty components for medical devices, TYVEK® medical packaging and garments, as well as TYCHEM® protective suits.”

Annual report 2025A · The company itself

“We help protect one-third of the world’s food production and a quarter of the power generated while delivering innovative solutions across food, healthcare, data centers, microelectronics, life sciences and hospitality.”

Annual report 2025A · The company itself

“Global Water ​ This reportable segment consists of the Light & Heavy, Food & Beverage and Paper operating segments, which provide water treatment and process applications and cleaning and sanitizing solutions, primarily to large industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, global refining, petrochemical, pulp and paper industries.”

Annual report 2025A · The company itself

“Light & Heavy ​ Light & Heavy serves customers across industrial and institutional markets. Within Light & Heavy, our markets include food and beverage, manufacturing and transportation, institutional clients, including commercial buildings, hospitals, universities and hotels, and global high technology serving customers, including data centers and microelectronics.”

Annual report 2025A · The company itself

“Life Sciences also produces high performance purification resins that support critical separation processes across a range of industries, including power generation, food and beverage, and water treatment.”

Annual report 2025A · The company itself

“Economic downturns, and in particular downturns in our larger markets, including the foodservice, hospitality, travel, health care, food processing, refining, pulp and paper, mining and steel industries, can adversely impact our customers, and we may find it difficult to restore margins by maintaining pricing due to easing inflation from slowing economic growth.”

Annual report 2025A · The company itself

“Organic sales for Global Water increased 2% in 2025 driven by growth in Food & Beverage and Light & Heavy.”

Annual report 2025A · The company itself

“Manufacturing reported solid growth driven by food & beverage.”

Annual report 2025A · The company itself

“Food & Beverage organic sales increased 4% in 2025 as value pricing and new business wins overcame continued soft industry demand.”

Annual report 2025A · The company itself

“Organic sales for Global Pest Elimination increased in both 2025 and 2024 when compared to prior periods led by growth in food & beverage and restaurants.”

Annual report 2025A · The company itself

“Certain of our products, including pericardial tissue valves, are manufactured using bovine tissue. Concerns relating to the potential transmission of animal-borne illnesses, including BSE, commonly known as “mad cow disease,” from cows to humans may result in reduced acceptance of products containing bovine materials.”

Annual report 2025A · The company itself

“Currently our focus is on Health Care, FMCG, industrial mobility, excise bonded opportunities, e-commerce and value-added services like co-packing.”

Annual report 2024A · The company itself

“One of the dairies that has installed the new extended shelflife machines is Hochwald Foods; a German dairy and food group that produces more than 2 billion kg of milk annually. Hochwald has installed four of the new filling machines, moving their entire chilled milk portfolio for their brand Bärenmarke, Germany’s most sought-after milk brand to our Pure-Pak ® cartons.”

Annual report 2024A · The company itself

“Stakeholder group Interaction Topics raised Purpose and outcome Customers /retailers Frequent meetings on operational, commercial and top level Frequent desk-studies of public information Structured interviews Raw material sourcing and potential negative impacts Circularity Climate Product development Ensure use of renewable raw materials to reduce the stress on scarce and finite natural resources, as well as working to certify raw materials and verify all suppliers.”

Annual report 2024A · The company itself

“Cartons Elopak develops and supplies fiber-based packaging under the following product brands: Pure-Pak ® cartons for chilled and ambient liquid food Roll Fed packaging material for ambient liquid food D-PAK™ cartons for non-food products for personal and home care Elopak has a diverse shelf-life portfolio, where the shelf-life varies depending on the customers process, filling, and cooling chain.”

Annual report 2024A · The company itself

“By reporting Food safety as an entity-specific sub-topic, Elopak aims to provide a complete overview of its management of this material topic. Food safety is connected to the sector-agnostic disclosures covered in S4 Consumers and End-users, and we are therefore reporting on this entity-specific sub-topic alongside this standard.”

Annual report 2024A · The company itself

“The proposed programs consist of: (1) for residential customers, smart thermostat DR, battery energy storage DR, and an electric vehicle behavioral charging offering; (2) for agricultural customers, an Agricultural Irrigation Load Control program; and (3) for commercial and industrial customers, an aggregated capacity DR offering.”

Annual report 2025A · The company itself

“I tidsrommet 2025-2030 vil Northern Lights starte injeksjon av CO2 fra tredjepart, fra Heidelberg Materials (sementfabrikk) og andre kunder som Ørsted Kalundborg-industriklyngen (biogen CO2), Yara (gjødselsfabrikk) og Klemetsrud avfallsbehandlingsanlegg.”

Annual report 2024A · The company itself

“•Motor provides protection to insurance companies offering motor liability and property damage. Losses may affect the underlying insured party or other claimants. •Agriculture/Crop provides protection for risks associated with agriculture and production of food.”

Annual report 2025A · The company itself

“i Q4 faldt priserne markant og i december var priserne kortvarigt på et niveau på under 2,00 kr./kg.”

Annual report 2025A · The company itself

“De faldende priser i efteråret skyldes blandt andet udbrud af afrikansk svinepest (ASF) i Spanien.”

Annual report 2025A · The company itself

“Jordportefølje Solog vindenergi Biogas Afgrøder Mælk Grise køb, salg og leje”

Annual report 2025A · The company itself

“Omsætningen fra salg af mælk er faldet til 44 mDKK i 2025 fra 112 mDKK i 2024.”

Annual report 2025A · The company itself

“SALG AF SMÅGRISE SALG AF SLAGTEGRISE”

Annual report 2025A · The company itself

“SALG AF KALVE OG KVIER”

Annual report 2025A · The company itself

“Vores nye mejeri kommer til at producere koncentrerede mælkeprodukter, som vil blive solgt og distribueret, gennem en samarbejdsaftale med Interfood, til Europas fødevareproducenter.”

Annual report 2025A · The company itself

“til Europas fødevareproducenter.”

Annual report 2025A · The company itself

“Vi leverer produkter længere fremme i værdikæden.”

Annual report 2025A · The company itself

“HØJDEPUNKTER 2025 mDKK Udvikling i EBIT 120 100 80 60 40 20 0 2023 2024 2025 50 43 13 71 % 30 Vores forretning 12 FirstFarms er en børsnoteret virksomhed inden for jordbrug og fødevarer Forretningen består af fire driftsgrene: afgrøder, mælk, grise samt udvikling af jordporteføljen.”

Annual report 2025A · The company itself

“Samlet set har udbytterne i afgrødeproduktionen i 2025 været tilfredsstillende for koncernen herunder også kvaliteten af de høstede afgrøder.”

Annual report 2025A · The company itself

“Vores nye mejeri kommer til at producere koncentrerede mælkeprodukter, som vil blive solgt og distribueret, gennem en samarbejdsaftale med Interfood, til Europas fødevareproducenter.”

Annual report 2025A · The company itself

“Kunderne Vi er tæt på vores kunder og leverer produkter af høj kvalitet.”

Annual report 2025A · The company itself

“Our Services business delivered organic revenue growth of 9%, reflecting sustained customer demand for solutions that enhance productivity, reliability and sustainability across mining operations.”

Annual report 2025A · The company itself

“Full flowsheet technology and service supplier for sustainable mineral processing By providing the knowledge, technology and support necessary to enable progress and innovation, we support miners in meeting the world’s demands for minerals. Today, we empower the future of mining. Our proven technologies empower mining operations to enhance productivity, lower costs, improve safety, and reduce environmental impact. From the primary crusher onwards, we offer the full flowsheet of mineral processing equipment, across commodities, and tailored to our customers' specific application requirements.”

Annual report 2025A · The company itself

“With more than 140 years of engineering expertise, FLSmidth today is a leading supplier to the global mining industry. We deliver full flowsheet technologies and services, optimising asset efficiency while managing risk and prioritising environmental impact to meet the world’s demands for metals and minerals.”

Annual report 2025A · The company itself

“We also manufacture a broad product line of outdoor power equipment referred to as “chore products”, which are used in property maintenance applications for larger-acreage residences, commercial properties, municipalities, and farms.”

Annual report 2025A · The company itself

“We are a leading global manufacturer and marketer of branded consumer foods with more than 100 brands in 100 countries across six continents.”

Annual report 2026A · The company itself

“We offer a variety of human and pet food products that provide great taste, nutrition, convenience, and value for consumers around the world. Our business is focused on the following large, global categories: •snacks, including grain, fruit and savory snacks, nutrition bars, and frozen hot snacks; •ready-to-eat cereal; •convenient meals, including meal kits, ethnic meals, pizza, soup, side dish mixes, frozen breakfast, and frozen entrees; •wholesome natural pet food; •refrigerated and frozen dough; •baking mixes and ingredients; and •super-premium ice cream.”

Annual report 2026A · The company itself

“At the product level, I would like to emphasize the accelerated growth of fCAL ® Turbo, a faecal calprotectin immunoassay supporting the diagnosis of inflammatory bowel disease (IBD). It grew by 42% in 2024 to NOK 61.3 million, becoming the highest-selling product in our portfolio.”

Annual report 2024A · The company itself

“The fCAL ® turbo, faecal calprotectin immunoassay provides fast results of calprotectin concentration in stool, supporting diagnosis of inflammatory bowel disease (IBD). By providing a non-invasive test, it helps reduce the need for costly and invasive colonoscopic examinations, improving patient comfort and healthcare efficiency. fCAL ® turbo is produced by Gentian and sold exclusively through the partner BÜHLMANN Laboratories to end users, distributors, and as bulk to global diagnostics companies.”

Annual report 2024A · The company itself

“Fokus ligger på bioprocesser och a minska risken för kontaminering genom skräddarsydda och eektiva lösningar för a förebygga, lindra och bota sjukdomar – och rädda liv.”

Annual report 2024A · The company itself

“På mellomlang sikt er vår vurdering at det er økt politisk risiko for landbrukssegmentet som følge av mulige endringer i reguleringer. På mellomlang sikt er økt markedsrisiko knyttet til økte kostnader for skadeserstatninger som følge av økte råvarepriser, som må prises inn i forsikringene.”

Annual report 2024A · The company itself

“Goodtech holds a strong market position in production optimization for solid food products, feed production, pharmaceuticals, process industries, minerals, smelting plants, and assembly lines.”

Annual report 2024A · The company itself

“Additionally, Goodtech acquired Skala Flytende, securing market leadership in liquid food production and control systems for cleaning and process flow.”

Annual report 2024A · The company itself

“Examples include within the battery industry (Vianode), dairy industry (TINE) and food industry (Norsk Kylling).”

Annual report 2024A · The company itself

“This system is installed in over 25 industrial plants producing liquid food products in Norway and is updated annually to comply with hygiene regulations and optimization requirements.”

Annual report 2024A · The company itself

“Gränges är en ledande leverantör av aluminiumfolie för livsmedelsför - packningar i Nordamerika, med produkter som formbara förpack - ningar, kända för sin mångsidighet och omfattande användning till färdigförpackade livsmedel.”

Annual report 2024A · The company itself

“Huvudsakliga användningsområden är bland annat fordon, system för värme, ventilation och luftkonditionering i byggnader, specialförpackningar samt aluminiumfolie till livsmedelsförpackningar.”

Annual report 2024A · The company itself

“Aluminiumförpackningar är mycket mångsidiga och används i en rad tillämpningar inom livsmedels-, dryckesoch läkemedelsindustrin.”

Annual report 2024A · The company itself

“Kundbasen är bred och diversifierad inom branscher som energi, medicinteknik, försvarsindustri, jordbruksmaskiner, returautomater och gruvdrift.”

Annual report 2024A · The company itself

“Harboe er en af Europas førende producenter af maltekstrakt og sælger og markedsfører en række produktvarianter under koncernens eget brand Barlex”

Annual report 2026A · The company itself

“vi har lanceret en række nye produkter baseret på frugt – både compounds og færdige produkter”

Annual report 2026A · The company itself

“Kunderne er primært europæiske fødevarevirksomheder, herunder en stor andel af Europas største bagerivirksomheder”

Annual report 2026A · The company itself

“Markedsforhold og konkurrence Harboes aktiviteter inden for ingredienser understøttes af en generelt stigende efterspørgsel på fødevarer og et stadig større fokus i fødevareindustrien på at udvikle sundere og mere naturlige fødevarer til konkurrencedygtige priser.”

Annual report 2026A · The company itself

“Vækst med nye produkter i Ingredients I vores Ingredients-forretning har vi i årets løb udbygget aktiviteterne og skabt god vækst – særligt drevet af det danske marked.”

Annual report 2026A · The company itself

“Her er især vores juicekoncept blevet styrket yderligere, og vi har lanceret en række nye produkter baseret på frugt – både compounds og færdige produkter – til eksisterende og nye kunder. Juicekonceptet i Harboe Ingredients er drevet af en dedikeret organisation, og vi ser forretningsudviklingen som et strategisk vigtigt element i den fortsatte vækst i koncernen.”

Annual report 2026A · The company itself

“Ingredients-segmentet realiserede en volumenfremgang på 6% og en omsætningsstigning på 5%.”

Annual report 2026A · The company itself

“HD Harboe Ingredients skaber vækst med nyt juicekoncept Harboe Ingredients har på blot tre år udviklet et helt nyt juicekoncept, som under overskriften ”Fra jord til bord” skaber vækst med en bred vifte af naturlige ingredienser, compounds og juiceprodukter baseret på naturens egne smagsgivere. Produktionen er tilrettelagt, så den følger de enkelte planters sæson, fra hyldeblomster i maj til danske rabarber i juni.”

Annual report 2026A · The company itself

“Samlet nettoomsætning i 2025/26 Højdepunkter Stigende afsætning og omsætning drevet af lancering af nye produkter og nye kunder, særligt som følge af stigende salg af compounds og juiceprodukter baseret på frugt på det danske marked.”

Annual report 2026A · The company itself

“S 33 Ledelsesberetning Harboes Bryggeri A/S Årsrapport 2025/26 Harboe Ingredients kort fortalt Harboe er en af Europas førende producenter af maltekstrakt og sælger og markedsfører en række produktvarianter under koncernens eget brand Barlex.”

Annual report 2026A · The company itself

“Harboe Ingredients producerer, sælger og markedsfører desuden naturlige ingredienser, compounds og juiceprodukter baseret på frugt – og er et forretningsområde, som over de seneste år har udviklet sig positivt og bidraget til vækst.”

Annual report 2026A · The company itself

“Kunder Vores kunder er supermarkedskæder og andre virksomheder i detailhandlen samt fødeog drikkevarevirksomheder.”

Annual report 2026A · The company itself

“Aktiviteterne i Harboe Ingredients forventes i det kommende regnskabsår at udvikle sig positivt, primært drevet af en fortsat salgsindsats med nye produkter over for nye segmenter, som forventes at kunne bidrage til både vækst og forbedret indtjening i det kommende regnskabsår.”

Annual report 2026A · The company itself

“Maltekstrakt anvendes som en naturlig ingrediens i produktionen af en lang række fødevarer, herunder bl.a. brød, morgenmadsprodukter og chokolade.”

Annual report 2026A · The company itself

“Harboe har de seneste år investeret i udvikling og procesoptimering inden for både maltekstrakt og juiceekstrakt og har i dag et målrettet sortiment af ingredienser og færdige produkter. Baseret på sit kendskab til kunder og produktionsprocesser i fødevareindustrien arbejder Harboe på at udbygge sin position gennem salg og rådgivning om implementering af produkter, som kan tilføre værdi i fremstillingen af fødeog drikkevarer og imødekomme forbrugernes efterspørgsel.”

Annual report 2026A · The company itself

“Forventninger til 2026/27 Harboe vil i det kommende år fokusere indsatsen på fortsat udvikling af eksisterende kunderelationer og det videre arbejde med at identificere nye anvendelsesmuligheder for både maltbaserede ingredienser og juiceprodukter i samarbejde med kunderne.”

Annual report 2026A · The company itself

“As a distributor, we market and sell branded products as well as our own corporate brand portfolio of cost-effective, high-quality consumable merchandise products. We also manufacture, source and sell a range of company-owned manufactured products, primarily implants, biomaterial products, endodontics, handpiece and small equipment, hand instrument and repair, restoratives, orthodontics, wound care, orthopedics and dental lab products.”

Annual report 2025A · The company itself

“Sydamerika redovisade 6 % organisk tillväxt, med stöd av en stark utveckling inom gruvdrift och Safety, Infrastructure & Geospatial, vilket dock delvis motverkades av en svagare efterfrågan inom lantbruk.”

Annual report 2024A · The company itself

“Intäkter per divisionIntäkter per geografi Manufacturing Intelligence, 36% Asset Lifecycle Intelligence, 15% Geosystems, 29% Autonomous Solutions, 10% Safety, Infrastructure & Geospatial, 9% Autonomous Solutions operativa nettoomsättning uppgick till 558,0 MEUR (571,1), vilket motsvarar en organisk minskning med -2 %. Tillväxten påverkades av starka jämförelsetal för föregående år och svagare marknader inom precisionsjordbruk.”

Annual report 2024A · The company itself

“Both sets of customers rely on Hexagon Purus’s Type 4 distribution modules for efficient transport of hydrogen for use in both mobility- and industrial applications. Industrial applications include, amongst other chemical processing, semiconductors, and food production.”

Annual report 2024A · The company itself

“Affärsområdet levererar compounds och applikationer till bland annat hälsa & medicin teknik, allmänindustri, konsumentprodukter och fordons industrin, men även till transportsektorn såsom till tåg-, flyg- och rymdindustri.”

Annual report 2024A · The company itself

“Hiab tavoittelee kannattavaa kasvua keskeisillä toimialoilla kuten rakentamisessa, jätehuollossa ja kierrätyksessä, puolustuslogistiikassa sekä vähittäiskaupassa ja viimeisen kilometrin toimituksissa.”

Annual report 2025A · The company itself

“In addition to targeting multiple segments within human nutrition, such as sports nutrition, supplements, and health foods, the Group also serves the pet and feed industries, further reducing reliance on any single market.”

Annual report 2024A · The company itself

“Med ett aktivt och hållbart skogsbruk ser vi till att vi får mer skog och en optimal råvara. Råvaran från skogen nyttjar vi maximalt. Faktiskt gör vi det så bra att inget blir över.”

Annual report 2024A · The company itself

“Riktlinjernas främjande av bolagets affärsstrategi, långsiktiga intressen och hållbarhet Holmens strategi är att äga och förädla skog. Holmens skogsinnehav utgör basen för verksamheten, där råvaran växer och förädlas till allt från trävaror för klimatsmart byggande till förnybara förpackningar, magasin och böcker, med energi som till stor del kommer från egen vatten- och vindkraft.”

Annual report 2024A · The company itself

“Vi brukar skogen aktivt och hållbart samtidigt som vi använder råvaran på ett klokt och lång siktigt sätt. Virket förädlas till trävaror för hållbart byggande och av det som blir över tillverkar vi kartong av världs ledande kvalitet och innovativa pappers produkter.”

Annual report 2024A · The company itself

“Huhtamaki’s customer base is varied, and contains among others food, beverage, and petfood companies, quick service and fast casual restaurants, foodservice operators, fresh produce packers and retailers, as well as customers in the home and personal care, industrial, FMCG, and healthcare segments.”

Annual report 2025A · The company itself

“Within the downstream value chain, the majority of Huhtamaki’s products serve the needs of food, beverage, and petfood companies, quick service and fast casual restaurants, foodservice operators, fresh produce packers and retailers, as well as customers in the home and personal care, industrial, FMCG, and healthcare segments.”

Annual report 2025A · The company itself

“Det finns risker för barn- och tvångsarbete bland arbetstagare i värdekedjan, särskilt i länder där ingredienser som soja, kakao, nötter och palmolja produceras. • Diskriminering och exkludering.”

Annual report 2024A · The company itself

“Humble är en koncern inom FMCG-sektorn (snabbrörliga konsumentvaror). Koncernen består av snabbväxande, entreprenörsdrivna bolag med fokus på innovativa, hälsosammare och mer hållbara konsumentprodukter.”

Annual report 2024A · The company itself

“Humble är en ung, dynamisk och nydanande FMCG-koncern som levererar produkter som är bättre både för människan och för planeten. Koncernen består av flera verksamhetsbolag som verkar inom snabbväxande segment såsom sockerreduktion, funktionell mat samt hållbar skönhet och hälsa.”

Annual report 2024A · The company itself

“Skogs- och trädgårdsprodukter samt tjänster för professionella användare och konsumenter.”

Annual report 2024A · The company itself

“Husqvarna Forest & Garden-divisionen inriktar sig på tre olika kundsegment: • Professionella kunder (inom grönyteskötsel och skogs- och trädvård). • Markägare och villaägare. • Lantbrukskunder inom lättare lantbruk (främst på tillväxtmarknader). Varumärket Husqvarna säljs huvudsakligen genom fristående fackhandlare och den största andelen av försäljningen sker i Europa och Nordamerika.”

Annual report 2024A · The company itself

“Drivna av en pionjäranda och omfattande expertis inom skogsbruk, grönyteskötsel och lantbruk levererar vi innovativa och högkvalitativa produkter samt enastående kundservice till husägare, markägare och professionella användare över hela världen.”

Annual report 2024A · The company itself

“world’s ten largest hydrogen projects: the Salzgitter project in Germany and the Advanced Clean Energy Storage   with Andritz, to Salzgitter AG, one of Europe’s largest steel    world’s largest clean hydrogen hub, and is a Joint Venture between Chevron USA and Mitsubishi Power.  store, and deliver green hydrogen, with the capacity to convert and store up to 100 metric tons of clean hydrogen   of energy, for dispatch back to the grid when needed.”

Annual report 2024A · The company itself

“This segment primarily serves the food service, food retail and food institutional/restaurant markets.”

Annual report 2025A · The company itself

“Med vårt erbjudande av produkter och tjänster inom högupplöst bildbehandling och beröringsfri mätteknik påverkar vi samhället i en positiv riktning genom att optimera användandet av våra naturresurser och att förbättra säkerheten inom en rad områden såsom exempelvis krocksäkerhet inom bilindustrin.”

Annual report 2024A · The company itself

“Idag verkar våra två affärsområden – RemaSawco och Motion Analysis – inom ett antal olika marknadssegment där beröringsfria mättekniker är ett krav, de mest framträdande är skogs-, försvars- och fordonsindustrin.”

Annual report 2024A · The company itself

“Bland RemaSawcos kunder finns de flesta större koncerner i Norden såsom exempelvis Stora Enso, Holmen, Södra, SCA, UPM, Norra Timber, Vida skog och Moelven.”

Annual report 2024A · The company itself

“Precision and Science Technologies The Precision and Science Technologies segment designs, manufactures and markets a broad range of niche fluidics, liquid and powder handling solutions for the life sciences, food and beverage, water and wastewater, general manufacturing, chemical processing, clean energy, aerospace, and other end markets. Primary technologies include positive displacement pumps, automated liquid handling systems, and single-use powder and liquid handling and containment systems.”

Annual report 2025A · The company itself

“In agriculture, our pumps are used for nutrient and medicine dosing to livestock, plants and medicinals.”

Annual report 2025A · The company itself

“We have sales in all major geographic markets and our diverse customer base utilizes our products across a wide array of end-markets, including life sciences, food and beverage production, clean energy, industrial manufacturing, infrastructure, water and wastewater treatment, and many others.”

Annual report 2025A · The company itself

“Our Industries and Products Industrial Technologies and Services Our Industrial Technologies and Services segment designs, manufactures, markets and services a broad range of air compression, vacuum and blower products across a wide array of technologies, as well as other specialized industrial products. Compression, vacuum and blower products are used in a wide spectrum of applications in nearly all manufacturing and industrial facilities and many service and process industries in a variety of end-markets, including clean energy, life sciences, food and beverage production, general manufacturing, infrastructure, and others.”

Annual report 2025A · The company itself

“Scroll compressors are commonly specified when oil-free air is needed, as in many medical, pharmaceutical, and food production applications.”

Annual report 2025A · The company itself

“Rotary vane compressors feature high efficiency, compact compression technology and can be found throughout all sectors of industry, including automotive, food and beverage, energy and 5 Table of Content manufacturing with specialized solutions within transit, gas and snow making.”

Annual report 2025A · The company itself

“Vacuum Products Industrial vacuum products are integral to manufacturing processes in applications for packaging, pneumatic conveying, drying, holding / lifting, distillation, evacuation, forming / pressing, removal and coating. Within each of these processes are a multitude of sub-applications. As an example, within packaging, a vacuum will be used on blister packaging, foil handling, labeling, carton erection, stacking and palletizing (placing, stacking or transporting goods on pallets), as well as central vacuum supply for entire packaging departments.”

Annual report 2025A · The company itself

“Blower Products Blower products are used for conveying high volumes of air and gas at various flow rates and at low pressures, and are utilized in a broad range of industrial and environmental applications, including waste water aeration, biogas upgrading and conveying, pneumatic transport and dehydrating applications for food and beverage, cement, pharmaceutical, petrochemical and mobile industrial applications.”

Annual report 2025A · The company itself

“Our Exchanges segment includes trading and listings revenue from our global futures network and the New York Stock Exchange and other registered securities exchanges, or collectively, the NYSE, and various data and connectivity services that are directly related to those exchange platforms.”

Annual report 2025A · The company itself

“In addition, our consolidated feeds business provides data from a broad array of trading venues and news feeds through a common application programming interface, or API. Finally, our desktop solutions support commodity and energy traders, risk managers, financial advisors, wealth managers and retail traders, and include a robust instant messaging, or IM, system that protects the privacy of over 130,000 users, while also enabling greater collaboration.”

Annual report 2025A · The company itself

“In addition, our data offerings include near real-time industry and peer benchmarking tools, which provide originators a granular view into the real-time trends in the U.S. residential mortgage market, as well as credit and prepayment models, 8 custom and proprietary analytics, valuation, and MLS solutions.”

Annual report 2025A · The company itself

“Taste Our Taste segment consists of the development and production of a range of flavor compounds and natural taste solutions that are ultimately used by our customers in a diverse variety of products, including savory products (soups, sauces, meat, fish, poultry, snacks, etc.), beverages (juice drinks, carbonated or flavored beverages, spirits, etc.), sweets (bakery products, candy, cereal, chewing gum, etc.), and dairy products (yogurt, ice cream, cheese, etc.).”

Annual report 2025A · The company itself

“Food Ingredients Our Food Ingredients segment consists of a diversified portfolio across natural, artificial and plant-based specialty food ingredients that provide functional properties solutions for food and beverage products, as well as specialty soy and pea protein with value-added formulations, emulsifiers and sweeteners.”

Annual report 2025A · The company itself

“Natural food protection ingredients consist of natural antioxidants and anti-microbials used for natural food preservation and shelf-life extension for beverages, cosmetic and healthcare products, pet food and feed additives.”

Annual report 2025A · The company itself

“Health & Biosciences Our Health & Biosciences segment consists of the development and production of an advanced biotechnology-derived portfolio of enzymes, food cultures, probiotics and specialty ingredients for food and non-food applications. Among many other applications, our portfolio includes cultures for use in fermented foods such as yogurt, cheese and fermented beverages, probiotic strains, household detergents, animal feed, ethanol production and brewing.”

Annual report 2025A · The company itself

“Food Biosciences provides products that aim to serve the global demand for healthy, natural, clean label and fermented food for fresh dairy, cheese, bakery and brewing products.”

Annual report 2025A · The company itself

“Our products are sold principally to manufacturers of dairy, meat, beverages, snacks, savory, sweet, baked goods, grain processors and other foods, personal care products, soaps and detergents, cleaning products, perfumes, dietary supplements, food protection, infant, elderly and animal nutrition, functional food, bio-fuel, and oral care products.”

Annual report 2025A · The company itself

“Animal Nutrition produces feed enzymes and animal health solutions that help to improve nutrition, welfare, performance and sustainability of livestock animal farming.”

Annual report 2025A · The company itself

“Table of Contents Grain Processing produces yeasts and enzymes for biofuel production and carbohydrate processing.”

Annual report 2025A · The company itself

“These products support customers in industries such as food and beverage, agriculture, industrial manufacturing, personal care pharmaceuticals and consumer goods.”

Annual report 2025A · The company itself

“Bolagets produkter och service erbjuds genom tre affärsområden: TOMRA Collection, TOMRA Recycling och TOMRA Food.”

Annual report 2024A · The company itself

“LSAB Group LSAB utvecklar, tillverkar och säljer tjänster och verktygslösningar relaterade till spånavverkande processer inom främst träoch metallsektorn.”

Annual report 2024A · The company itself

“Kunderna finns inom bland annat livsmedelsindustrin.”

Annual report 2024A · The company itself

“Husqvarna www.husqvarnagroup.com En ledande tillverkare av innovativa produkter och lösningar för skog, park och trädgårdshantering.”

Annual report 2022A · The company itself

“of Group revenue 8% of Group employees The Americas consists of the mature North American market as well as Mexico and Chile.”

Annual report 2025A · The company itself

“Retail Pet Foods (A)The Arkadelphia, Arkansas and Columbus, Georgia bakeries are subject to bond and lease agreements in which we have elected the right of offset, and therefore are treated as if the properties are owned.”

Annual report 2026A · The company itself

“Satamat ja terminaalit säilyivät Kalmarin vahvana loppuasiakassegmenttinä valmistavan teollisuuden ja raskaan logistiikan ohella.”

Annual report 2025A · The company itself

“Vebe Group utvecklar, tillverkar och säljer säckfyllnadsutrustning till kunder inom flertalet industrier, primärt livsmedel, på global basis.”

Annual report 2024A · The company itself

“Grocery trade The grocery trade division comprises the wholesale and B2B trade of groceries and the retailing of home and speciality goods in Finland.”

Annual report 2025A · The company itself

“We are focused on anchoring and diversifying our properties with tenants that are more resistant to competition from e-commerce (e.g., groceries, essential retailers, restaurants and service providers), but there can be no assurance that we will be successful in modifying our properties, diversifying our tenant composition and/or adapting our leasing practices.”

Annual report 2025A · The company itself

“The Company's open-air shopping centers are usually "anchored" by a grocery store, home improvement center, off-price retailer, discounter or service-oriented tenant.”

Annual report 2025A · The company itself

“8x CABU + 3x Newbuilds1 MR product tanker and Panamax dry-bulk vessel CABU (Caustic Soda- Bulk) vessels mainly transport Caustic Soda Solution from Far East to Australia, and dry-bulk commodities on the return.”

Annual report 2024A · The company itself

“The CABU fleet also demonstrated strong performance in 2024 with the highest number of caustic soda shipments to date increasing further KCC’s market share in the Australian market.”

Annual report 2024A · The company itself

“The CABUs kept up the industry leading trading efficiency with only 11% ballast and 94% trading in combination trades for the year.”

Annual report 2024A · The company itself

“Following the adoption of the new segment        restated for comparative purposes.              -               -    - lion (-14.6%) respectively, compared to last year.        - mercial vehicles market decline of -20.8%, sales in North           -  - ing agriculture and construction markets deteriorated                 - functions in a product manufactured from 2019 to 2022.”

Annual report 2024A · The company itself

“vehicle market as well as industrial appli-     -          AUTOMOTIVE % OF KA REVENUES PER REGION ORGANIZATIONS MARKETS NON-AUTOMOTIVE ORIGINAL EQUIPMENT MANUFACTURERS (OEMs) AGRICULTURE TIER 1 CONSTRUCTION AFTERMARKET INDUSTRIAL AREAS -            emis- -  -  47% 37% 12% 4% Contents CHANNELS CUSTOMER RELATIONSHIPS                         important supplier and development partner.”

Annual report 2024A · The company itself

“Bærekraftig forvaltning av havressurser er en viktig driver for flere av forretningsområdets områder. Kongsberg Discovery er eksponert mot disse driverne i store markedssegnmenter som havbasert energiproduksjon, kommersielt fiske, havbunnskartlegging, sikkerhet og overvåking av kritisk infrastruktur.”

Annual report 2024A · The company itself

“Naxys Technologies AS - gjennomføring av oppkjøp Kongsberg Discovery inngikk avtale om kjøp av Naxys Technologies 20.12.24 og oppkjøpet ble gjennomført 20.01.25. Selskapet har 30 ansatte i Bergen og hadde en omsetning på MNOK 100 i 2024.”

Annual report 2024A · The company itself

“Våre ekkolodd brukes til bestandestimering av fisk over hele verden.”

Annual report 2024A · The company itself

“Marine Life Technologies Marine Life Technologies har en ledende posisjon som verdens fremste leverandør av teknologi som sikrer bærekraftig forvaltning av verdens viktigste råvareressurs. Det inkluderer produkter som lokaliserer fisk, av rett art og størrelse, i de best egnede havområdene.”

Annual report 2024A · The company itself

“Sensor som hindrer bifangst Høsten 2024 lanserte vi Active Selector, en helt ny trålsensor med kameraløsning for å sikre et effektivt og bærekraftig trålfiske. Ved å kombinere hydroakustikk med et integrert kamera er det mulig å overvåke hvilke fiskearter som fanges. Slik bidrar den nye trålesensoren til å unngå bifangst.”

Annual report 2024A · The company itself

“Koskisen does not tolerate deforestation in its supply chain.”

Annual report 2025A · The company itself

“The Panel Industry’s plywood and chipboard products are used in construction, transportation equipment, die-cutting, interior decoration and furniture, carpentry, as well as walls and floors. Kore products are flooring solutions for transportation equipment in the automotive industry. The products of the Sawn Timber Industry are used in construction (floors, walls and structural sawn timber), carpentry, packaging and timber trade.”

Annual report 2025A · The company itself

“Merchandising and Our Brands ​ Our Brands products play an important role in our merchandising strategy and represented over $39 billion of our sales in 2025.”

Annual report 2026A · The company itself

“These products preserve food and other perishables in supermarkets, convenience stores, restaurants, warehouses and distribution centers.”

Annual report 2025A · The company itself

“Segment Products or Services Markets Served Geographic Areas Home Comfort Solutions Furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts and supplies Residential Replacement; Residential New Construction United States Canada Building Climate Solutions Unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment, variable refrigerant flow commercial products, curb, curb adapters, drop box diffusers, HVAC recycling and salvage service, condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks, replacement parts and supplies Light Commercial; Food Preservation; Non-Food Industry United States Canada Prior to January 1, 2023, we operated in three reportable business segments.”

Annual report 2025A · The company itself

“Every day we provide 5 million meals to 80 countries, and to Norway we supply 1 million meals per week, totalling 350 000–400 000 tonnes of seafood annually.”

Annual report 2024A · The company itself

“I divisionen ingår brittiska Brian James Trailers, en nischad tillverkare av öppna och överbyggda biltransportsläp, italienska Cramaro som tillverkar system för att täcka lastbils- och jordbrukstransporter samt nederländska Sailmakers Group som tillverkar presenningar för främst transportsektorn.”

Annual report 2024A · The company itself

“The business specializes in customized mid- and short-run packaging solutions, serving a diverse customer base in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, water and beverage/juice industries.”

Annual report 2025A · The company itself

“Consequently, changes in consumer preferences for products in the industries that Altium Packaging serves or the packaging formats in which such products are delivered, whether as a result of changes in cost, convenience or health, environmental and social concerns, perceptions regarding plastics or otherwise, may result in a decline in the demand for Altium Packaging’s plastic container products.”

Annual report 2025A · The company itself

“Luotean kiertotalousliiketoimintaan kuuluu taksonomiakelpoisten ja -mukaisten toimintojen osalta muun muassa jätteiden keräys ja kuljetus, materiaalien talteenotto tavanomaisesta jätteestä, vaarallisen jätteen käsittely, jäteveden keruu ja käsittely, käytettyjen tavaroiden myynti, sekä ympäristörakentamisen palvelut koskien pilaantuneiden paikkojen ja alueiden kunnostamista.”

Annual report 2025A · The company itself

“Agricultural lime, a high-calcium carbonate material, is used as a supplement in animal feed, a soil acidity neutralizer and agricultural growth enhancer. Additionally, ChemRock/Rail includes rip rap (used as a stabilizing material to control erosion caused by water runoff at embankments, ocean beaches, inlets, rivers and streams) and high-calcium limestone (used as filler in glass, plastic, paint, rubber, adhesives, grease and paper).”

Annual report 2025A · The company itself

“BUSINESS McCormick is a global leader in flavor. We manufacture, market, and distribute herbs, spices, seasoning mixes, condiments, and other flavorful products to the entire food and beverage industry: retailers, food manufacturers, and foodservice businesses.”

Annual report 2025A · The company itself

“In our Flavor Solutions segment, we provide a wide range of products to multinational food manufacturers and foodservice customers.”

Annual report 2025A · The company itself

“Sales to one of our Flavor Solutions segment customers, PepsiCo, Inc., accounted for consolidated sales of approximately 12% in 2025, and 13% in both 2024 and 2023.”

Annual report 2025A · The company itself

“Prescription Technology Solutions offers technology services, which includes electronic prior authorization, prescription price transparency, benefit insight, dispensing support services, and patient enrollment, in addition to third-party logistics, and wholesale distribution support across various therapeutic categories and temperature ranges to biopharma customers throughout the product lifecycle. •Medical-Surgical Solutions segment provides medical-surgical, laboratory, and pharmaceutical distribution, logistics, and other services to U.S. healthcare providers operating in the non-acute settings.”

Annual report 2026A · The company itself

“The Company sells its animal health products to veterinarians, distributors, animal producers, farmers and pet owners.”

Annual report 2025A · The company itself

“Metso’s offering and process expertise cover the entire end-to-end mining process, from professional testing and piloting to early project support, and solutions across the flowsheet, including crushing and grinding, separation and filtration, and advanced tailings management.”

Annual report 2025A · The company itself

“General information Metso, headquartered in Finland, has a global presence in around 50 countries and delivers sustainable technologies, end-to-end solutions and aftermarket parts and services, for the aggregates, minerals processing, and metals refining industries.”

Annual report 2025A · The company itself

“Market pulp and BCTMP Metsä Board’s market pulp deliveries (including BCTMP) were 368,000 tonnes (400,000) in January–December. Europe’s share of the deliveries was 67% (72), and developing markets accounted for 33% (28).”

Annual report 2025A · The company itself

“Folding boxboard is mainly used in food and pharmaceutical packaging, while kraftliner is used in retail packaging.”

Annual report 2025A · The company itself

“Laboratory balances are primarily used 4 Table of Contents in the pharmaceutical, biotechnology, testing lab, food, chemical, cosmetics, academia, and other industries.”

Annual report 2025A · The company itself

“Table of Contents Process Analytics Our process analytics business provides instruments for the in-line measurement of liquid and gas parameters used primarily in the production process of pharmaceutical, biotech, beverage, micro-electronics, chemical, and refining companies, as well as power plants.”

Annual report 2025A · The company itself

“Industrial Instruments We manufacture numerous industrial weighing instruments and related terminals and offer dedicated software solutions for the pharmaceutical, chemical, food, discrete manufacturing, and other industries.”

Annual report 2025A · The company itself

“In addition, we manufacture metal detection, x-ray, checkweighing, and other end-of-line product inspection systems used in production and packaging. We supply automatic identification and data capture solutions, which integrate in-motion weighing, dimensioning, and identification technologies for transport, shipping, and logistics customers.”

Annual report 2025A · The company itself

“Product Inspection Increasing safety and consumer protection requirements are driving the need for more sophisticated end-of-line product inspection systems (e.g., for use in food processing and packaging, pharmaceutical, packaged consumer goods, and other industries). We are a leading global provider of metal detectors, x-ray systems, checkweighers, and camera-based imaging equipment that are used in these industries.”

Annual report 2025A · The company itself

“Table of Contents Customers and Distribution Our principal customers include companies in the following key end-markets: the life science industry (pharmaceutical and biotech companies, as well as independent research organizations and testing labs); food manufacturers; chemical, specialty chemicals, and cosmetics companies; the academic community; food retailers; the transportation and logistics industry; the metals industry; and the electronics industry.”

Annual report 2025A · The company itself

“Our products are used extensively in the pharma/biopharmaceutical, food manufacturing, and chemical industries.”

Annual report 2025A · The company itself

“Samtidigt var utvecklingen inom pappers- och massaindustrin fortsatt svag, även om efterfrågan stabiliserades mot slutet av året.”

Annual report 2024A · The company itself

“Nettoomsättning per land, 2024  Sverige, 82% Danmark, 9% Finland, 4% Norge, 3% Övriga länder, 2% Nettoomsättning per kundsegment, 2024 󰐆 Metall och gruva, 14% Papper och massa, såg, 13% El- och värmeproduktion, 13% Övrig tillverkning, 9% Fordon, 9% Vatten och avlopp, 4% Läkemedel och medicin teknik, 4% Livsmedel, 3% Andra industrisegment, 23% Övriga sektorer, 8% Nettoomsättning per produktområde, 2024 󰍭 Lager, 15% Ventiler, 14% Tekniska tätningar och industrigummi, 10% Hydraulik och pneumatik, 8% Pumpar, elmotorer och växlar, 8% Transmission, 7% Mätteknik, 5% Filter, rengöring och rörsystem, 4% Maskiner och system, 3% Smörjning och kemikalier, 3% Andra komponenter, 9% Reparationer och renovering, 11% Relaterade tjänster, t ex utbildning, installation och kalibrering, 3% Värdeskapande återförsäljare ~75% Service, reparation och underhåll ~15% Lokal tillverkning, montering, egna varumärken ~10% Eftermarknad ~90% OEM ~10% Kundfördelning 1) Momentum Groups erbjudande 1) Tillverkare Värdeskapande återförsäljare Våra kunder Affärsöversikt”

Annual report 2024A · The company itself

“Nettoomsättning, Mkr 1 728 1 610 +7% EBITA, Mkr 232 221 +5% Antal anställda 431 429 EBITA (2023: 221 MSEK) +5% Nettoomsättning per kundsegment Metall och gruva 18% Papper och massa, såg 15% Övrig tillverkning 11% Fordon 10% Läkemedel och medicinteknik 4% Livsmedel 4% El- och värmeproduktion 2% Försvar 2% Andra industrisegment 22% Övriga sektorer 12% Nettoomsättning per produkt- och tjänsteområde Produkter 92% Lager 25% Tekniska tätningar och industrigummi 17% Hydralik och pneumatik 14% Transmission 13% Pumpar, elmotorer och växlar 5% Smörjning och kemikalier 4% Maskin och system 4% Andra komponenter 10% Tjänster 8% Reparationer och renovering 6% Relaterade tjänster (t ex utbildning och installation) 2% Nettoomsättning per affärsenhet  75% Specialist 25% Affärsområden Power Transmission, som utgörs av bolaget Momentum Industrial, är Nordens marknadsledande leverantör av industrikomponenter och tjänster med fokus på industriförbättringar till eftermarknaden.”

Annual report 2024A · The company itself

“Efterfrågan i Danmark var generellt svagare, även om läkemedelssektorn bidrog positivt.”

Annual report 2024A · The company itself

“Product Categories Our brands span five product categories: •Biscuits & Baked Snacks (including cookies, crackers, salted snacks, snack bars and cakes & pastries) •Chocolate •Gum & candy •Beverages •Cheese & grocery Seasonality Demand for our products is generally balanced throughout the year, with increases in the fourth quarter primarily because of holidays and other seasonal events.”

Annual report 2025A · The company itself

“Through our broad product offering, we are a single source supplier of phosphate- and potash-based crop nutrients and animal feed ingredients.”

Annual report 2025A · The company itself

“Mosaic Fertilizantes Segment–We produce and sell phosphate- and potash-based crop nutrients, and animal feed ingredients, in Brazil.”

Annual report 2025A · The company itself

“Production of our animal feed ingredients products is located at our New Wales, Florida facility. We market our feed phosphate primarily under the leading brand names of Biofos® and Nexfos®.”

Annual report 2025A · The company itself

“Mosaic Fertilizantes Segment Our Mosaic Fertilizantes segment owns and operates mines, chemical plants, crop nutrient blending and bagging facilities, port terminals and warehouses in Brazil and Paraguay, which produce and sell concentrated phosphate- and potash-based crop nutrients and phosphate-based animal feed ingredients.”

Annual report 2025A · The company itself

“We have the capability to annually produce approximately 4.5 million tonnes of phosphate- and potash-based crop nutrients and animal feed ingredients. Crop nutrient products produced are marketed to crop nutrient manufacturers, distributors, retailers and farmers.”

Annual report 2025A · The company itself

“We produced approximately 6.3 million tonnes of concentrated phosphate crop nutrients during 2025 and accounted for approximately 72% of estimated North American annual production.”

Annual report 2025A · The company itself

“Phosphate Segment–We sell phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.”

Annual report 2025A · The company itself

“Table of Content Potash Segment–We sell potash throughout North America and internationally, principally as fertilizer, but also for use in industrial applications and, to a lesser degree, as animal feed ingredients.”

Annual report 2025A · The company itself

“Our phosphate crop nutrient products are marketed worldwide to crop nutrient manufacturers, distributors, retailers and farmers.”

Annual report 2025A · The company itself

“Our potash products are marketed worldwide to crop nutrient manufacturers, distributors and retailers and are also used in the manufacturing of mixed crop nutrients and, to a lesser extent, in animal feed ingredients. We also sell potash to customers for industrial use.”

Annual report 2025A · The company itself

“The following map shows the locations of our operations in Brazil and Paraguay: We are the largest producer and one of the largest distributors of blended crop nutrients for agricultural use in Brazil. We produce and sell phosphate- and potash-based crop nutrients, and animal feed ingredients through our operations.”

Annual report 2025A · The company itself

“In 2025, the India and China operations purchased 48,745 tonnes of phosphate-based products from our Phosphate segment, and 1,017,741 tonnes of potash products from our Potash segment and Canpotex. They also purchase phosphate, potash and nitrogen products from unrelated third parties, which we either use to produce blended crop nutrients or for resale.”

Annual report 2025A · The company itself

“Phosphate Segment Our Phosphate business segment owns and operates mines and production facilities in Florida which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana which produce concentrated phosphate crop nutrients.”

Annual report 2025A · The company itself

“We sell to wholesale distributors, retail chains, cooperatives, independent retailers and national accounts.”

Annual report 2025A · The company itself

“Other Products With a strong brand position in a multi-billion dollar animal feed ingredients global market, our Phosphate segment supplies animal feed ingredients for poultry and livestock to customers in North America, Latin America and Asia.”

Annual report 2025A · The company itself

“We sell most of our DAP, MAP and MOP as global commodities.”

Annual report 2025A · The company itself

“FoodTech är en pionjär inom datadriven optimering av den globala värdekedjan för produktion av livsmedel. Utöver det är FoodTech är en av världens främsta leverantörer av energieffektiva klimatsystem för djuruppfödning och växthus.”

Annual report 2024A · The company itself

“Definitioner Omsättning och resultat Orderingång och nettoomsättning Övrigt Goodwill Under året uppgick orderingången till MSEK 14 259 (14 116), drivet av stark tillväxt inom FoodTech och en stabil utveckling i AirTech.”

Annual report 2024A · The company itself

“Strategiskt fokus • Vi leder utvecklingen av energi- och resurseffektiva lösningar med avancerad teknik och djup applikationskunskap för att minska koldioxidutsläpp och förbättra resursanvändningen. • Vi bidrar med förutsättningar för en mer effektiv livsmedelsproduktion genom bättre och mer kontrollerade produktionsmiljöer och optimala klimatförhållanden från foder till färdig produkt i butik. • Vi möter tillväxt inom datacenter genom lösningar för effektiv kylning nära servrar som därmed kan optimera kapacitet och drift. • Vi erbjuder kvalitetsprodukter under Munters varumärke samtidigt som vi ökar vårt regionala fokus inom försäljning, produktion och service. • Vi möjliggör optimering av den globala värdekedjan för odling och produktion av livsmedel med hjälp av våra digitala produkter. • Vi utvecklar hållbara leverantörskedjor och stärker partnerskap med fokus på ansvarsfullt företagande och nya lösningar.”

Annual report 2024A · The company itself

“Introduktion Strategi Vårt strategiska hjul Megatrender Marknad Kunder Innovation Effektivitet och kvalitet Medarbetare Verksamheten Bolagsstyrning Hållbarhetsrapport Finansiell information Övrigt Prioriterade tillväxtområden är • Batteriindustrin • Kylning av datacenter • Den globala värdekedjan för livsmedelsproduktion • Serviceverksamhet och komponenter • Clean Technologies Hur vi gör Hållbarhetsfokus Munters erbjuder energieffektiva klimatkontrollsystem som minskar kundernas användning av el och vatten.”

Annual report 2024A · The company itself

“Livsmedelssegmentet drivs av faktorer som befolkningstillväxt, hållbarhetskrav, ökad levnadsstandard samt skärpta kvalitetsstandarder för livsmedelssäkerhet.”

Annual report 2024A · The company itself

“Introduktion Strategi Verksamheten Våra affärsområden Vårt fundament AirTech Equipment Innovativa, energieffektiva och hållbara klimatlösningar och tjänster för kritiska processer inom kontrollerade jordbruksmiljöer.”

Annual report 2024A · The company itself

“En viktig och expansiv kundgrupp är integratörer, det vill säga storskaliga och ofta multinationella livsmedelskoncerner, som har ett brett produktutbud.”

Annual report 2024A · The company itself

“Kunder är livsmedelsproducenter, kycklinggårdar, svinuppfödare och äggproducenter.”

Annual report 2024A · The company itself

“APAC, 8% Regionfördelning, andel av nettoomsättningen 2024 % Data Center Technologies FoodTech Nettoomsättning Justerad EBITA Nettoomsättningen ökade med +24%, varav den organiska tillväxten uppgick till +17 %, drivet av stark efterfrågan på Digital solutions och Equipment.”

Annual report 2024A · The company itself

“I juli förvärvade Munters en majoritetsandel i Automated Environments (AEI), ett USA-baserat företag som specialiserar sig på automatiserade styrsystem för fjäderfäindustrin. Förvärvet är en del av FoodTechs strategiska satsning på digitala lösningar som stödjer livsmedelsproducenter.”

Annual report 2024A · The company itself

“Koncernen är verksam i över 45 länder och sysselsätter ca 5 400 Finansiella instrument I oktober förvärvade Munters också Hotraco, en nederländsk ledande leverantör av kontrollsystem och sensorer för jordbrukssektorn. Munters Food- Tech stärker därmed sin position i Europa.”

Annual report 2024A · The company itself

“I Europa noterades en återhämtning efter en svag start på året, särskilt i Norden/Baltikum och Storbritannien, med ökad efterfrågan inom bland annat livsmedel, försvarsindustrin och jordbrukssektorn.”

Annual report 2024A · The company itself

“Investeringen i en ny maskin för laserskärning och fortsatt uppgradering av produktionsutrustning har bidragit till att förbättra kapaciteten och möta höga krav från kunder inom strukturellt växande segment som livsmedel och läkemedel.”

Annual report 2024A · The company itself

“But some industries, such as refineries, steel and ammonia producers, shipping companies etc. face a more challenging path toward zero emissions. These sectors cannot easily electrify their operations. Instead, they need renewable hydrogen or hydrogen derivatives to reduce and ultimately eliminate their dependence on fossil energy.”

Annual report 2024A · The company itself

“Table of Contents Other Operations Customer Supply – NEER provides commodities-related products to customers, including municipal utilities and cooperatives, engages in energy-related commodity marketing and trading activities and includes the operations of a retail electricity provider and ownership interests in natural gas and oil shale formations located primarily in the South region of the U.S.”

Annual report 2025A · The company itself

“Columbia Operations provides natural gas to approximately 2.4 million residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.”

Annual report 2025A · The company itself

“Our business model of developing ultra-low-power connectivity solutions directly influences how we create both positive impacts and manage risks for consumers and end-users. By integrating sustainability into our strategy through our four focus areas, particularly ultra-low power connectivity and sustainable IoT solutions, we contribute to applications that enhance resource management, healthcare monitoring, and agricultural efficiency.”

Annual report 2024A · The company itself

“Enhancing sustainability for customers with low-energy products Our core business model of designing ultra-low-power IoT connectivity solutions creates downstream positive impacts concentrated in sectors including agriculture, healthcare, and resource management. Through our value chain, we partner with product builders (many of whom serve consumer markets) to integrate our solutions into end products that directly benefit users through improved data access and resource efficiency.”

Annual report 2024A · The company itself

“A portion of our product sales is attributable to industries and markets, such as the electronics, polymer processing, agriculture and metal finishing industries, which historically have been cyclical and sensitive to relative changes in supply and demand and general economic conditions. The demand for our products depends, in part, on the general economic conditions of the industries or national economies of our customers. Downward economic cycles in our customers’ industries or markets may reduce sales of some of our products.”

Annual report 2025A · The company itself

“Key strategic markets include beverage containers and food cans, electric batteries, appliances, automotive, building and construction, composites, electronics and medical. •Nonwovens – Dispensing, coating, and laminating systems for applying adhesives, lotions, liquids, and fibers to disposable products and continuous roll goods. Key strategic markets include adult incontinence products, baby diapers and child-training pants, hygiene products and surgical drapes, gowns, shoe covers and face masks. •Packaging – Automated adhesive dispensing systems used in the rigid packaged goods industries.”

Annual report 2025A · The company itself

“Key strategic markets include flexible packaging, electronics, medical, building and construction, transportation and aerospace, and general consumer goods. •Precision Agriculture – Precision agriculture spraying solutions, including fluid components, such as nozzles, pumps and filters; smart components that measure and control the flow, quantity and location of dispensed fluid; and control systems that provide a greater variety of input and functionality to the customer.”

Annual report 2025A · The company itself

“Hydro Bauxite & Alumina representerer de to første leddene i aluminiumsverdikjeden gjennom bauksittutvinning og aluminaraffinering.”

Annual report 2024A · The company itself

“Outcomes of the assessment: The nature of Norske Skog’s business model is to use renewable sources of energy and 100% recycled material for packaging paper production and a mix of renewable and virgin materials for publication paper production.”

Annual report 2024A · The company itself

“Tilbudsplatformen MineTilbud formidler digitale tilbudsaviser og kataloger fra detailkæder til forbrugerne, primært i form af PDF-filer og boost-kampagner for enkelte produkter. MineTilbud er en af Danmarks største udbydere af tilbud til forbrugerne, og fødevarekæder udgør den største enkeltkategori i kundeporteføljen.”

Annual report 2025A · The company itself

“Food & Beverages 1,372.5 ... 74 % of total sales in Food & Health Biosolutions”

Annual report 2025B · From the report

“Our food ingredient and processing biosolutions improve the taste, texture, appearance and nutritional profile of food and beverages”

Annual report 2025A · The company itself

“In 2025, we acquired dsm-firmenich’s sales and distribution activities in the Feed Enzyme Alliance”

Annual report 2025A · The company itself

“Growth was continuously driven by strong momentum in Dairy from penetration, conversion in cheese, adoption of innovation, and increasing demand for high-protein dairy products.”

Annual report 2025A · The company itself

“In agriculture, we empower farmers to boost crop yields and strengthen climate resilience, while in livestock production our biosolutions improve feed efficiency and reduce reliance on antibiotics.”

Annual report 2025A · The company itself

“Food & Beverages Household Care Human Health Agriculture, Energy & Tech Our food ingredient and processing biosolutions improve the taste, texture, appearance and nutritional profile of food and beverages, while helping our customers lower costs, increase yields, and enhance nutritional quality.”

Annual report 2025A · The company itself

“Organic sales growth 74 % of divisional sales 7 % Organic sales growth 35 % of divisional sales 10 % Organic sales growth 26 % of divisional sales 6 % Organic sales growth 65 % of divisional sales 35.8 % Adjusted EBITDA margin 45 % of total sales 6 % Organic sales growth 38.2 % Adjusted EBITDA margin Business Our business model This page contains CSRD disclosure requirement: SBM-1.”

Annual report 2025A · The company itself

“Pro forma 2025 Sales growth Food & Beverages Human Health Food & Health Biosolutions Food & Beverages Human Health Sales growth Food & Beverages Human Health Food & Beverages 1,372.5 1,238.2 1,310.2 326.4 318.7 Human Health Food & Beverages Net sales Food & Beverages delivered organic sales growth of 8% in 2025, and pro forma sales in EUR increased by 5% (IFRS:”

Annual report 2025A · The company itself

“Growth in Agriculture was driven mainly by Plant across most regions.”

Annual report 2025A · The company itself

“Ess-Sierras verksamhet består i att äga och förvalta fastigheter som utgörs av lagerlokaler och byggvaruhandel. Den uthyrbara arean uppgår till 184 000 kvadratmeter.”

Annual report 2024A · The company itself

“Steel Technologies transforms flat-rolled steel into products that meet exacting specifications for customers in a wide range of industries, including the automotive, agricultural and consumer goods markets.”

Annual report 2025A · The company itself

“These bars are purchased by the appliance, automotive, construction equipment, electric motor, farm machinery and fluid power industries, as well as by service centers.”

Annual report 2025A · The company itself

“Nucor fasteners are used in a broad range of markets, including automotive, machine tool, farm implement, construction and military applications.”

Annual report 2025A · The company itself

“Significant Markets and Customer Base: We operate on a global scale, serving key markets across the Americas, EMEA, Asia, and the Pacific. This global reach connects us with a broad spectrum of customers, including major chemical producers, and industrial manufacturers, supporting essential sectors from food production to construction.”

Annual report 2024A · The company itself

“Revenue by Industry Revenue by industry sector: Year Ended December 31, 2025 2024 2023 Pharmaceuticals and Healthcare 15 % 16 % 16 % Food and Beverage 15 % 15 % 15 % Auto 12 % 12 % 12 % Consumer Products 9 % 10 % 8 % Financial Services 8 % 7 % 8 % Retail 8 % 6 % 6 % Technology 8 % 8 % 8 % Travel and Entertainment 7 % 7 % 7 % Government 3 % 4 % 4 % Telecommunications 3 % 3 % 4 % Services 3 % 3 % 2 % Oil, Gas and Utilities 2 % 2 % 2 % Not-for-Profit 1 % 1 % 1 % Education 1 % 1 % 1 % Other 5 % 5 % 6 % Total 100 % 100 % 100 % 25 Operating Expenses The year-over-year change in operating expenses:”

Annual report 2025A · The company itself

“Natural Gas Gathering and Processing - Our Natural Gas Gathering and Processing segment derives fees for services primarily from major and independent crude oil and natural gas producers, which include both large integrated and independent exploration and production companies.”

Annual report 2025A · The company itself

“Its largest customer segments are automotive and transport, consumer appliances, oil and gas, chemical and petrochemical industries, food and beverage processing, as well as building and construction industry.”

Annual report 2025A · The company itself

“In addition, we are a large producer of packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.”

Annual report 2025A · The company itself

“The primary end-use markets in the United States for corrugated products are shown below as reported in the 2024 Fibre Box Association annual report: Food, beverages, and agricultural products 40 % Retail and wholesale trade 29 % Chemical, plastic, and rubber products 11 % Paper and other products 10 % Miscellaneous manufacturing 10 % Competition As of December 31, 2025, we were the third largest producer of containerboard products in North America, according to industry sources and our own estimates.”

Annual report 2025A · The company itself

“For the fiscal year ended December 31, 2025, our residential and irrigation flow businesses, which sell pumps focused on residential and agriculture, comprised approximately 36% of Flow sales.”

Annual report 2025A · The company itself

“We sell a wide variety of beverages and convenient foods in more than 200 countries and territories and the profile of the products we sell, the amount of revenue attributable to such products and the type of packaging used vary by jurisdiction.”

Annual report 2025A · The company itself

“Convenient food volume includes volume sold by us and our noncontrolled affiliates of convenient food products bearing company-owned or licensed trademarks.”

Annual report 2025A · The company itself

“Beverages(a) Convenient Foods Beverages(a) Convenient Foods Beverages(a) Convenient Foods North America 51 % 49 % 50 % 50 % 50 % 50 % International (b) 31 % 69 % 29 % 71 % 29 % 71 % PepsiCo 42 % 58 % 42 % 58 % 41 % 59 % (a)Beverage revenue from company-owned bottlers, which primarily includes our consolidated bottling operations in our PBNA and EMEA segments, is 36% of our consolidated net revenue in 2025 and 35% of our consolidated net revenue in both 2024 and 2023.”

Annual report 2025A · The company itself

“Additionally, we source the vast majority of our tobacco from a global network of farmers across multiple countries, rather than through commodity markets, which helps ensure the consistency, quality, and traceability of our tobacco supply.”

Annual report 2025A · The company itself

“Our shipment volume for cigarettes, HTUs and Oral SFP is shown in the table below: Shipment Volume Cigarettes and Heated Tobacco Units (million units) 2025 2024 2023 Cigarettes 607,367 616,827 612,949 Heated Tobacco Units 155,133 139,743 125,263 Total Cigarettes and Heated Tobacco Units 762,500 756,570 738,212 Oral SFP Volume (million cans) (1) Nicotine Pouches 879.6 644.0 421.1 Snus 227.9 239.6 240.4 Moist Snuff 129.8 134.6 133.7 Other Oral SFP (2) 2.6 3.4 4.2 Total Oral Products 1,240.0 1,021.6 799.3 (1) Excluding snuff, snuff leaf and U.S. chewing tobacco (2) Includes chew bags and tobacco bits Note: Sum may not foot due to rounding Following the deconsolidation of our Canadian subsidiary, we continue to report the volume and corresponding royalty revenues of brands sold by RBH for which other PMI subsidiaries are the trademark owners.”

Annual report 2025A · The company itself

“Table 16: Commercial and Industrial Loans by Industry Dollars in millions Amount % of Total Amount % of Total Commercial and industrial Financial services $ 36,993 19 % $ 27,737 16 % Manufacturing 29,769 15 27,700 16 Service providers 24,159 12 21,881 12 Wholesale trade 19,263 10 18,399 10 Real estate related (a) 14,919 8 14,910 8 Technology, media and telecommunications 12,029 6 9,767 6 Retail trade 12,020 6 11,611 7 Health care 8,845 5 9,694 6 Transportation and warehousing 8,610 4 7,320 4 Other industries 29,116 15 26,771 15 Total commercial and industrial loans $ 195,723 100 % $ 175,790 100 % (a)Represents loans to customers in the real estate and construction industries.”

Annual report 2025A · The company itself

“Prisma har ett väldiversifierat bestånd av fastigheter med fokus på lågprishandel, dagligvaror och snabbservicerestauranger.”

Annual report 2024A · The company itself

“Vi utvecklar, marknadsför och säljer produkt- och mjukvarulösningar för professionella fotografer, filmfotografer och studios.”

Annual report 2024A · The company itself

“The product assortment includes building supplies, tools, HVAC and electrical accessories, pet food and supplies, car accessories, groceries, household products, garden supplies, free-time and other accessories as well as services.”

Annual report 2026A · The company itself

“RAILCARE GROUP AB ÅRSREDOVISNING 2024 / KUNDER OCH KONKURRENTER Kunder och konkurrenter TRANSPORTVERKSAMHETEN Railcares marknad utgörs av olika områden inom järnvägsbranschen. På koncernnivå 2024 utgjorde de privata kunderna cirka 57 procent av koncernens nettoomsättning. De offentliga kunderna svarade för cirka 43 procent.”

Annual report 2024A · The company itself

“Vastuullisuustyön painopisteet määritettiin kaksoisolennaisuusanalyysin sekä keskeisten sidosryhmien, kuten viljelijöiden ja asiakassektorin tarpeisiin perustuen.”

Annual report 2025A · The company itself

“Henkilöstön syvä asiantuntemus elintarvikeprosesseista sekä pitkäaikaiset suhteet suomalaisiin viljanviljelijöihin muodostavat ainutlaatuisen osaamispääoman, joka tukee tuotteiden korkeaa laatua ja vastuullisuuden hallintaa koko arvoketjussa.”

Annual report 2025A · The company itself

“Ratosaktien29 Affärsområden Industry 32 Construction & Services 34 Industry I affärsområdet är tekniklösningar i form av produkt- och digital tjänsteutveckling inom industrin i fokus. Bolagen i affärsområdet delas in i segmenten Product Solutions och Industrial Services, och är exponerade mot marknader med stark tillväxt – exempelvis förnybar energi, dagligvaruhandel, farmakologi och eftermarknadslösningar. Industry32 Om Ratos Rapporter Övrigt Affärsområden Om affärsområdet Bolagen i Industry är exponerade mot marknader med stark tillväxt, exempelvis energieffektiv belysning, hållbart lättviktsmaterial och förnybar energi, modern dagligvaruhandel, farmakologi och eftermarknadslösningar.”

Annual report 2024A · The company itself

“De är verksamma i marknader med stark tillväxt, exempelvis teknik konsulttjänster, energi effektiv belysning, hållbara lättvikts konstruk tioner och förnybar energi, modern dagligvaruhandel, farmakologi och eftermarknads lösningar.”

Annual report 2024A · The company itself

“Asiakastarpeiden ymmärtäminen on Rauten toiminnan keskiössä.”

Annual report 2025A · The company itself

“Strategia ja taloudelliset tavoitteet Raute - Making Wood Matter Rauten tavoitteena on kasvattaa Services-konseptiaan ja vahvistaa Analyzers ja Wood Processing - liiketoimintayksiköiden tarjoamaa innovatiivisten tuotantoratkaisujen ja -mallien sekä datan ja digitaalisten työkalujen avulla viilu-, vanerija LVL-tuotantoteknologioiden globaalilla markkinalla.”

Annual report 2025A · The company itself

“Rauten tuotteiden avulla Rauten asiakkaat tuottavat lopputuotteina viilua, vaneria, LVL:ää (laminated veneer lumber) tai muita insinööripuutuotteita.”

Annual report 2025A · The company itself

“Rauten asiakkaita ovat puutuoteteollisuuden yritykset, jotka valmistavat viilua, vaneria ja LVL:ää.”

Annual report 2025A · The company itself

“We have and may continue to make investments and utilize transaction structures that are outside of our traditional business, including entering into new asset classes, such as casinos, data centers, power centers, retail parks, loans, and vertical farms, and entering into (or expanding our use of) new transaction structures, such as strategic co-investment ventures, joint ventures, funds, lending, and increased exploration of sale-leaseback transactions.”

Annual report 2025A · The company itself

“(2)"Other" primarily includes 27 properties classified as agriculture with $35.8 million in annualized base rent, 14 properties classified as office with $33.4 million in annualized base rent, 21 properties classified as country clubs with $27.9 million in annualized base rent, and three properties classified as data centers with $24.6 million in annualized base rent, as well as one land parcel under development.”

Annual report 2025A · The company itself

“We are investing in innovative recycling technology and have expanded our organics operations to help customers meet their diversion goals. We processed 1.1 million tons and sold 0.4 million tons of organic materials, respectively, through our organics infrastructure in 2025.”

Annual report 2025A · The company itself

“We partner with global pharmaceutical, biotech and contract research organizations, as well as academic and government institutions, to enable them to discover and develop better treatments and therapeutics to fight disease faster and more efficiently.”

Annual report 2025A · The company itself

“Our customers include pharmaceutical and biotechnology companies, laboratories, academic and research institutions, public health authorities, private healthcare organizations, doctors and government agencies.”

Annual report 2025A · The company itself

“Major markets served by all segments consist of discrete end markets (e.g., Automotive including Electric Vehicle and Battery, Semiconductor, and e-Commerce & Warehouse Automation), hybrid end markets (e.g., Food & Beverage, Life Sciences, and Tire), and process end markets (e.g., Energy, Mining, and Chemicals).”

Annual report 2025A · The company itself

“Increased demand for Grodan for horticulture to maximise crop yield with less water, less land and less fertilizer in droughtprone and heat-waves regions Long-term Medium- to long-term Heavy precipitation Flood; Precipitation variability Increased demand for Rainwater Systems helps cities and industries mitigate risks and store excess water during storms.”

Annual report 2025A · The company itself

“Grodan makes soilless growing media solutions (stone wool substrates, sensors, software and services) designed for growing food and cannabis more efficiently in controlled environments.”

Annual report 2025A · The company itself

“Etter fusjonen med Hjelmeland Sparebank har andelen landbrukskunder økt.”

Annual report 2024A · The company itself

“IntelliTrans – transportation management software and services to bulk and break-bulk commodity producers.”

Annual report 2025A · The company itself

“Foundry – software technologies and AI-enabled solutions used to deliver visual effects and 3D content for the entertainment and digital design industries. iPipeline – cloud-based software and AI-enabled analytics solutions for the life insurance/annuities and financial services industries. iTradeNetwork – electronic marketplaces and supply chain software that connect food suppliers, distributors, and vendors, primarily in the perishable food sector.”

Annual report 2025A · The company itself

“NYKVIST SKOGS SÄKRAR RÅVARUTILLGÅNG Ett annat viktigt exempel på den successiva breddning av intäktsbasen är Nykvist Skogs, som ingår i koncernen sedan 2020. Verksamheten säkrar koncernens råvarutillgång från främst småskaligt och privatägt skogsbruk, och ger intäktsströmmar från virkesleveranser samt från olika tjänster kopplade till skogsbruket.”

Annual report 2024A · The company itself

“Kemisk kortfibermassa, BHKP, 39 Mton Förpackningar till mat och dryck kräver högsta kvalitet Koncernens massa kännetecknas av en ledande kvalitetsnivå med mycket hög renhet. Det innebär bland annat att den inte påverkar förpackade varors smak och lukt. Därför passar den utmärkt för förpackningar till mat och dryck.”

Annual report 2024A · The company itself

“Marknad och produktutveckling Genom Vallviks Bruk tillhör Rottneros de globala marknadsledarna inom massa för tillverkning av luft- och vätskefilter för främst fordons- och livsmedelsindustrin.”

Annual report 2024A · The company itself

“Den tillkommande volymen är främst avsedd för de långsiktigt växande marknadssegmenten kartong samt mjukpapper.”

Annual report 2024A · The company itself

“ROTTNEROS PACKAGING ÖVERSIKT STRATEGI VERKSAMHETEN HÅLLBARHETSREDOVISNING ÅRSREDOVISNING ÖVRIGT Rottneros Packaging är ledande inom hållbara förpackningslösningar till livsmedelsindustrin Rottneros Packaging utvecklar teknik- och förpackningslösningar baserat på det naturliga råmaterialet cellulosa till främst livsmedelsindustrin. Inriktningen är att tillsammans med samarbetspartners i hela värdekedjan möta den starkt växande efterfrågan på hållbara förpackningar.”

Annual report 2024A · The company itself

“The energy and commodity markets include producers, consumers, traders and intermediaries within energy, chemicals, shipping, metals, carbon and agriculture.”

Annual report 2025A · The company itself

“In 2025 figures from Kontali Analyse, a leading provider of aquaculture data and research, estimate a moderated supply growth of global harvest volume. The global volume of salmon harvested is expected to Increase with around 167,200 tonnes or 5.9 percent. The moderate growth in supply combined with continued strong demand gives an optimistic market outlook for 2025.”

Annual report 2024A · The company itself

“SalMar aims to be an increasingly important contributor to global seafood supply On the right track To achieve SalMar's ambitious goals, sustainability and efficiency must be maintained at every level.”

Annual report 2024A · The company itself

“SalMar’s primary commitment remains the development of coastal aquaculture in both Norway and other countries, ensuring that it is done in a biologically and environmentally sustainable manner.”

Annual report 2024A · The company itself

“The 2024 results show that SalMar has pursued the right longterm strategy in building harvesting and processing capacity. SalMar has always been proud to be known as "the processing company," with modern and advanced processing facilities in both Central and Northern Norway. During periods of biological challenges, having processing facilities geographically close to our production sites provides significant advantages and has helped us navigate a demanding year better than we otherwise would have.”

Annual report 2024A · The company itself

“We expect substantial production growth in Norway, Iceland, and Scotland, where we own 50% of Scottish Sea Farms in a joint venture with Lerøy Seafood Group. Overall, we estimate production growth from 252,000 to 294,000 tons in 2025, a 17% increase from 2024, which had seen a 5% decline compared to the previous year.”

Annual report 2024A · The company itself

“Central Norway has today 85,487 tonnes MAB, and also operates several R&D licences in collaboration with other companies.”

Annual report 2024A · The company itself

“At the end of 2024 SalMar owned 52.5 % of the shares in the company. Icelandic Salmon is Iceland’s largest producer of farmed salmon.”

Annual report 2024A · The company itself

“SalMar expects an increase in harvest volume in 2025. SalMar expects to harvest 254,000 tonnes in Norway, SalMar Aker Ocean 9,000 tonnes and 15,000 tonnes in Iceland. In addition, SalMar expects its share of the volume harvested by Norskott Havbruk (50 percent) to come to 16,000 tonnes in 2025. This totals a harvest volume of 294,000 tonnes or an increase of 17 % from 2024.”

Annual report 2024A · The company itself

“As announced on the capital markets day in September 2023 SalMar has a significant organic growth potential within existing licence without the need for larger investments. A total of 370,000 tonnes including relative share of Scottish Sea Farms implying a growth of 47 % from the harvested volume in 2024 and 26 % from the expected volume in 2024.”

Annual report 2024A · The company itself

“Salmon are amongst the most efficient protein sources to produce. The feed conversion ratio (FCR) for salmon, or the amount of feed an animal needs to gain one kilogram of body weight, is well below other common protein sources.”

Annual report 2023A · The company itself

“Sandvik Mining and Rock Solutions är en globalt ledande leverantör av utrustning och verktyg, reservdelar, tjänster, digitala lösningar och teknologier för ökad hållbarhet inom gruvoch infrastrukturindustrin. Vi tillhandahåller högpresterande produkter och tjänster som ökar våra kunders produktivitet och säkerhet, förlänger drifttiden samt minskar kostnader och miljöpåverkan.”

Annual report 2024A · The company itself

“Kundernas respons på vårt digitala och automatiserade erbjudande har varit bättre än väntat och vi nådde målet, att 60 procent av kunderna ska använda digitala och automatiserade lösningar 2025, ett helt år tidigare än planerat. tillhandahåller högpresterande produkter och tjänster till kunder främst inom gruv- och infrastrukturindustrin. Vi har världsledande produkter och tjänster för tillämpningar inom krossning, siktning, matning, tåglastning, brytning, rivning och återvinning.”

Annual report 2024A · The company itself

“Our products handmade cigars Machine-rolled cigars smoking tobacco nicotine pouches Handmade cigars Our product Our handmade cigars are individually crafted at sites in three of the world’s most significant tobacco-growing countries: the Dominican Republic, Honduras and Nicaragua.”

Annual report 2025A · The company itself

“Niels Frederiksen Chief Executive Officer Henrik Brandt Letter from Chairman & CEO Our business We are a global leader in the cigar industry holding market leading positions in handmade and machine-rolled cigars. We are the global leader within pipe tobacco and hold strong positions in select markets in fine-cut tobacco and nicotine pouches.”

Annual report 2025A · The company itself

“U.S. consumers and our broad range of brands machine-rolled cigars Our product Whilst machine-rolled cigars mimic the handmade process, a more diverse range of products is created by using smaller pieces of tobacco to deliver high quality cigars at more affordable prices.”

Annual report 2025A · The company itself

“These consumers tend to remain loyal to their preferred brand, which requires our factories to maintain high-quality affordable cigars consistently. smoking tobacco Our product Smoking tobacco comprises pipe tobacco and fine-cut tobacco.”

Annual report 2025A · The company itself

“Dessa förvärv stärker vår marknadsposition inom säkerhet, VD-ordet FORTSÄTTER ”Ny affärsområdesstruktur ger tydligare fokus och ökad effektivitet” kemisk vattenrening, luftkvalitet och hållbart jordbruk.”

Annual report 2024A · The company itself

“GAH Refrigeration, som tillverkar kylsystem för transport av livsmedel och läkemedel, hade även 2024 ett starkt år med mycket god efterfrågan. Behovet av säkra och temperaturkontrollerade transporter fortsätter att växa, drivet av ökade krav inom livsmedels- och läkemedelssäkerhet, en växande e-handelsmarknad samt strängare hållbar-hetsregleringar.”

Annual report 2024A · The company itself

“Lösningarna används för att säkerställa att livsmedel, läkemedel och andra temperaturkänsliga produkter transporteras under optimala förhållanden.”

Annual report 2024A · The company itself

“Daniel Repfennig Verkställande direktör Seafire årsredovisning 2024  6 Segment Seafire driver verksamheten i två affärssegment; Industrial components & Products Industrial components Bara Mineraler AB är en ledande leverantör av produkter till gröna stadsmiljöer. Bolaget levererar bland annat substrat, pimpsten och platålera till yrkesodlare i norra Europa. Bolaget har huvudkontor i Bara utanför Malmö och har 21 anställda.”

Annual report 2024A · The company itself

“Products Ludafarm AB utvecklar och säljer hård- och mjukvara för effektivisering av lantbruk. Bolagets huvudmarknader är Frankrike, Sverige, Tyskland och Storbritannien.”

Annual report 2024A · The company itself

“Bara Mineraler, koncernens största bolag sett till intjäning, visade god utveckling de sista tre kvartalen efter en trög start på året.”

Annual report 2024A · The company itself

“Luda.farm erbjuder digital övervakning åt bönder för att förenkla dagen för lantbruk.”

Annual report 2024A · The company itself

“Bara Mineraler arbetar med att skapa hållbara lösningar för planteringar och odlingar, en viktig del i framtidens städer..”

Annual report 2024A · The company itself

“Omsättning per segment avser intäkter från externa kunder.”

Annual report 2024A · The company itself

“Consumer Brands Group The Consumer Brands Group manufactures and distributes a broad portfolio of branded and private-label architectural paint, stains, varnishes, industrial products, wood finishes products, wood preservatives, applicators, corrosion inhibitors, aerosols, caulks and adhesives to retailers, including home centers and hardware stores, dedicated dealers and distributors throughout North America, Latin America and Europe.”

Annual report 2025A · The company itself

“The largest customer groups are the municipal sector, state organizations, construction companies, housing companies, real estate companies and real estate investors, as well as operators in the forestry, energy and industrial sectors.”

Annual report 2025A · The company itself

“The Digital Solutions business area (Digi) focuses on smart geospatial solutions for the built environment, mobility, and forest and natural resources sector, as well as consulting services that support these fields.”

Annual report 2025A · The company itself

“Smartlas – Sitowise’s AI enhanced geospatial analysis tool for forestry, land use and urban planning – expanded into new municipal use cases, including climate risk assessment and canopy coverage modelling.”

Annual report 2025A · The company itself

“In the private sector, cost pressures remained high in the forest industry, although demand held up better than in many other segments.”

Annual report 2025A · The company itself

“Demand is expected to remain stable in industry and moderate in the forest sector.”

Annual report 2025A · The company itself

“Customer risks The Sitowise Group's largest customer groups are the public sector, construction, real estate and housing companies as well as forestry and energy sector players.”

Annual report 2025A · The company itself

“Saied Ghannadan, vd, UCS Anna Westerlund, Vice President Group Treasury, Epiroc Global Banking Vi tillgodoser bankbehoven hos storföretagskunder, banker och institutioner med ett brett utbud av finansiella tjänster. Erbjudandet omfattar finansierings- och transaktionstjänster.”

Annual report 2024A · The company itself

“We provide packaging products for the transportation of a diverse range of consumer and industrial goods, such as processed and fresh food, agricultural products, beverages, industrial and consumer electronics, chemicals and pharmaceuticals, and a range of other products, as well as higher value-added corrugated products, such as those featuring enhanced graphics used for point-of-sale displays and consumer and shelf-ready packaging. During 2025, the majority of our products were sold to the fast-moving consumer goods sector.”

Annual report 2025A · The company itself

“Any paper not used in our own operations is sold through our commercial paper operations, generating revenues primarily from the sale of containerboard, paperboard and specialty grades to external customers, and we serve primarily corrugated packaging, folding carton, food service, liquid packaging and commercial print markets.”

Annual report 2025A · The company itself

“As a result, demand is driven by the need for: (i) packaging products for consumer and industrial goods, (ii) higher value-added corrugated products used for point-of-sale displays and consumer and shelf-ready packaging, and (iii) packaging of pharmaceutical products and the growth of related industries.”

Annual report 2025A · The company itself

“With several large contracts already awarded in 2025, we are in an excellent position to continue growing our business and create value for our customers and shareholders. , CEO Board of Directors report 2024 Established in 2011, Soiltech is an innovative technology company specializing in the treatment, recycling and sustainable handling of contaminated water and solid waste at site. Our technologies enable cost savings and lower CO2 emissions through waste reduction, waste recovery and reuse.”

Annual report 2024A · The company itself

“13% Foodtech ... andel af det globale salg i 2025”

Annual report 2025B · From the report

“SP Gibo’s egne produkter omfatter Dan-Fender (fender og bøjer til den maritime industri), Atlantic Floats (fiskeriprodukter) og Nycopac (industriel transportemballage).”

Annual report 2025A · The company itself

“TPI-Polytechniek er førende leverandør af letskummede skorstene, luftindtagsventiler og ventilationskomponenter til landbrug og industri.”

Annual report 2025A · The company itself

“Havbruk- og landbruksnæringen er en stor sektor på Helgeland, og eksportverdiene for sjømat fortsatte å vokse også i 2024.”

Annual report 2024A · The company itself

“I landbrukssegmentet er banken ledende med en markedsandel på rundt 80 %.”

Annual report 2024A · The company itself

“Som nevnt, er banken deltaker i prosjektet Bærekraft Hadeland, som har som mål at næringslivet på Hadeland skal gå bærekraftig og lønnsomt inn i fremtiden. Prosjektet, som organiseres av Hadelandshagen, startet i 2022 og varer i tre år med deltakere fra lokalt næringsliv og andre aktører i regionen.”

Annual report 2024A · The company itself

“Produkter og tjenester med fokus på bærekraft Landbrukskundene står for en stor andel av våre estimerte, finansierte klimagassutslipp og de er utsatt for effektene av klimaendringene.”

Annual report 2024A · The company itself

“Bankens utlånsportefølje i bedriftsmarkedet består i ho - vedsak av lån til små og mellomstore foretak lokalisert i Ringerike og Hadelandsregionen innenfor bransjene eiendom og eiendomsutvikling, bygg- og anleggsvirk - somhet, og landbruk. Bankens utlån til næringsdrivende (inkludert lån overført til SpareBank 1 Næringskreditt) utgjør 12,5 mrd. kroner, hvorav utlån til omsetning og drift av eiendommer utgjør 57 prosent av porteføljen, jf. note 8 i regnskapet.”

Annual report 2024A · The company itself

“Bærekraftrisiko innen landbruk og skogbruk (11 % av BM-porteføljen*) Bankens portefølje innen primærnæringen består hovedsakelig av utlån til landbruk og skogbruk.”

Annual report 2024A · The company itself

“De vesentlige negative funnene er: • Konsernet har en indirekte negativ påvirkning på klima og natur gjennom finansierte utslipp fra lån og investeringer i sektorer som landbruk, fiskeri, næringseiendom og husholdninger.”

Annual report 2024A · The company itself

“Dette kan føre til at bankens kunder kan miste inntjeningsgrunnlag, som utgjør en likviditetsrisiko.”

Annual report 2024A · The company itself

“For å håndtere denne type risiko, er naturrisiko innlemmet i bankens risikoveileder og inngår som en del av kredittprosessen. For shipping, fiskeri, havbruk og småkraft er det harde krav i kredittpolicyene knyttet til at kunder må ha iverksatt tiltak som bidrar til å redusere naturrisiko.”

Annual report 2024A · The company itself

“USS and NPS provide complementary distribution channels for metallic-coated and pre-painted flat rolled steel coils and steel processing capabilities, including slitting, blanking, cutting to length, stamping and fabrication services. USS primarily serves roll-former customers in the roofing and siding industry, while also expanding our reach to customers that have not historically purchased steel directly from a primary steel producer. NPS serves a wide range of customers, including those in agriculture, appliance, automotive, and construction industries, as well as other markets.”

Annual report 2025A · The company itself

“2 | Stockwik Årsredovisning 2024 MittX aluminiumproffset är ett välrenommerat industriföretag verksamt inom design, utveckling och tillverkning av ljusramper för montering på entreprenad- och lantbruksmaskiner. Företaget är verksamt i en expansiv nisch med intressanta produkter och ett starkt och väletablerat varumärke.”

Annual report 2024A · The company itself

“• Reduction of fish products in our ongrowing feed (relative to 2019 levels) by 2030: 65% reduction for sole and 50% reduction for turbot • Reach net zero CO e emissions by 2050 At Stolt Sea Farm (SSF), sustainability is fundamental to our strategy and operations.”

Annual report 2024A · The company itself

“SSF’s revenue increased by $16.0 million, or 14.4%, to $126.8 million in 2024 from $110.8 million in 2023, due to higher sales prices and sales volumes for both species. Turbot sales volumes increased by 0.7% while prices increased by 14.3%.”

Annual report 2024A · The company itself

“We provide safe, reliable, high-quality and flexible transportation services to the world’s leading manufacturers and consumers of chemicals, edible oils, acids and other bulk liquids, offering supply chain efficiencies and added value for our customers.”

Annual report 2024A · The company itself

“Maailman kemiallisen markkinasellun kysyntä kasvoi 2,3 % vuonna 2025. Lehtipuusellun kysyntä nousi 3,2 %, kun taas havupuusellun kysynnän kasvu oli maltillista, 0,7 %.”

Annual report 2025A · The company itself

“Eukalyptus hankitaan pääasiassa yhtiön omilta viljelmiltä.”

Annual report 2025A · The company itself

“Osuus määritellään kunkin yhteisen toiminnon osapuolen oikeutena varoihin ja velvoitteisiin velkojen osalta. • Veracel on Stora Enson ja Suzanon yhteisomistuksessa oleva Brasiliassa sijaitseva yhtiö. Sellutehdas tuottaa valkaistua eukalyptussellua.”

Annual report 2025A · The company itself

“Tehtaan tuotanto käynnistyi vuonna 2005. • Montes del Plata on Stora Enson ja Araucon yhteisomistuksessa oleva Uruguayssa sijaitseva yhtiö. Sellutehdas tuottaa valkaistua eukalyptussellua ja Stora Enson osuus myydään kokonaisuudessaan markkinaselluksi.”

Annual report 2025A · The company itself

“Tavoitellut loppukäyttösegmentit ovat elintarvike- ja juomapakkaukset, erityisesti pakaste- ja kylmätuotteiden sekä kuiva- ja pikaruokien segmenteissä, pääasiassa Euroopan ja Pohjois- Amerikan markkinoilla.”

Annual report 2025A · The company itself

“Vuonna 2025 yhtiön keskeisiin tuoteryhmiin kuuluivat pakkausmateriaalit ja -ratkaisut eri toimialoille, kuten elintarvike- ja juomateollisuuteen, vähittäiskauppaan, verkkokauppaan ja teollisiin käyttökohteisiin.”

Annual report 2025A · The company itself

“product families of nonwovens are produced solely from renewable raw materials, such as plant-based fibers.”

Annual report 2025A · The company itself

“Ett annat segment som växer snabbt inom logistik är efterfrågan på moderna kyl- och fryslager. Global handel och svenska konsumenters förväntningar på tillgång till färska och hållbara livsmedel driver denna utveckling.”

Annual report 2024A · The company itself

“Hyresgästerna är verksamma inom många olika branscher, varav de största är transport och logistik respektive handel med livsmedel. Diversifiering av branschtillhörighet bedömer vi minskar risken för vakans och hyresförluster.”

Annual report 2024A · The company itself

“I slutet av 2023 tecknade SLP avtal avseende ett nybyggnationsprojekt om 11 tkvm i Katrineholm med ett 15-årigt hyresavtal åt Seafrigo avseende hela ytan.”

Annual report 2024A · The company itself

“Foodservice operating sites distribute a full line of food products and a wide variety of non-food products to both independent and chain restaurant customers, hospitals, schools, hotels, industrial caterers and other venues where foodservice products are served.”

Annual report 2026A · The company itself

“We obtain substantially all of our foodservice and related products from third-party suppliers.”

Annual report 2026A · The company itself

“Commercial transportation (15% of segment’s net sales)—We deliver reliable connectivity products designed to withstand harsh environmental conditions for on- and off-highway vehicles and recreational transportation, including heavy trucks, construction, agriculture, buses, and other vehicles. ● Sensors (10% of segment’s net sales)—We offer a portfolio of intelligent, efficient, and high-performing sensor solutions that are used by customers across multiple industries, including automotive, industrial equipment, commercial transportation, medical solutions, aerospace and defense, and consumer applications.”

Annual report unknown yearA · The company itself

“Telenor Maritime offers mobile maritime communication, serving cruise and ferry segments, fisheries, and the oil & gas industry.”

Annual report 2024A · The company itself

“The diversified customer base for Textron Specialized Vehicles includes golf courses and resorts, government agencies and municipalities, consumers, outdoor enthusiasts, and commercial and industrial users such as factories, warehouses, airlines, planned communities, hunting preserves, educational and corporate campuses, sporting venues, hotels/resorts and landscaping professionals.”

Annual report 2026A · The company itself

“These products and services are used by customers in pharmaceutical, biotechnology, agricultural, clinical, healthcare, academic, and government markets.”

Annual report 2025A · The company itself

“Markets served include pharmaceutical and biotech, academic and government, industrial and applied, as well as healthcare and diagnostics.”

Annual report 2025A · The company itself

“KPI: Ruokahävikin vähentäminen (ainoastaan tuore ruoka)* Perusarvo: 2021 – Tokmanni-ketju 615 tonnia Vuosi Tavoite Saavutetut tulokset Toimenpiteet tavoitteeseen pääsemiseksi Edistyminen ja lisätietoa 2024 – Tokmannimyymäläketju - 540 tonnia (-12,1 % perusvuoteen verrattuna) - - 2025 – Tokmannimyymäläketju - 609 tonnia (-0,9 % perusvuoteen verrattuna) Tokmanni -myymäläketju investoi uuteen täydennysjärjestelmään, joka otetaan käyttöön vuonna 2025. Myymälätason elintarvikejätettä koskevat KPI-mittarit sekä uudet seurantaa koskevat ohjeistukset otettiin käyttöön, ja myymälähenkilöstöä koulutettiin aiheesta. Parasta ennen- tai viimeinen käyttöpäivä -päivämäärää lähestyviä tuotteita tarjottiin alennettuun hintaan.”

Annual report 2025A · The company itself

“SPAR-konseptin käyttöönotto Suomessa SPAR-lisenssinhaltijana Suomessa viime vuonna aloittanut Tokmanni käynnisti tuore-elintarvikkeita myyvien Tokmanni -myymälöiden ruokaosastojen uudistamisprojektin kansainvälisen SPAR -ruokakauppakonseptin mukaisesti. Vuonna 2025 avattiin EUROSPAR -supermarketit Tokmanni -myymälöiden yhteyteen Ylöjärvelle, Maskuun ja Tornioon. Lisäksi yli 130 SPAR -tuotetta oli myynnissä jokaisessa yli 200 Tokmanni -myymälässä vuoden 2025 loppupuolella.”

Annual report 2025A · The company itself

“2.2 E1 Ilmastonmuutos 2.2.1 Olennaiset ilmastoon liittyvät kestävyysseikat ja niiden hallinta (SBM-3) Olennaiset vaikutukset syntyvät ydinliiketoiminnan toiminnoista, kuten hankinnasta, logistiikasta sekä fyysisten myymälöiden toiminnasta ja fyysisten tuotteiden myynnistä.”

Annual report 2025A · The company itself

“Our comprehensive selection of merchandise is comprised of the following major product categories: •Livestock, Equine & Agriculture: livestock and equine feed & equipment, poultry, fencing, and sprayers & chemicals; •Companion Animal: food, treats and equipment for dogs, cats, and other small animals as well as dog wellness; •Seasonal & Recreation: tractor & rider, lawn & garden, bird feeding, power equipment, and other recreational products; •Truck, Tool, & Hardware: truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and •Clothing, Gift, & Décor: clothing, footwear, toys, snacks, and decorative merchandise.”

Annual report 2025A · The company itself

“Livestock, Equine & Agriculture 27 % 26 % 27 % Companion Animal 24 24 25 Seasonal & Recreation 24 24 22 Truck, Tool & Hardware 15 16 16 Clothing, Gift & Décor 10 10 10 Total 100 % 100 % 100 % Note: Net sales by major product categories for prior periods have been reclassified to conform to the current year presentation.”

Annual report 2025A · The company itself

“Business Strategy for Tractor Supply Company We believe our sales and earnings growth is the result of executing our multi-year strategy, which includes the following key components: Target Market We are dedicated to fulfilling the lifestyle needs of recreational farmers, ranchers, homesteaders, animal and pet owners, and all those who enjoy living the rural lifestyle.”

Annual report 2025A · The company itself

“Northland Transportation provides insurance coverage for the commercial trucking industry. Agribusiness serves small- to medium-sized agricultural businesses, including farms, ranches and other agricultural-related operations.”

Annual report 2025A · The company itself

“We maintain a joint venture, PTx Trimble, with AGCO to develop the next generation of advanced electronic guidance and control products for agriculture.”

Annual report 2026A · The company itself

“Our 12 Table of Contents relationships with substantial industry participants such as Caterpillar, Nikon, Hilti, and AGCO are likely to evolve over time based upon the changing business needs and objectives of the parties.”

Annual report 2026A · The company itself

“We utilize dealer networks to market, sell, and service many of our products in our Field Systems segment.”

Annual report 2026A · The company itself

“Reportable Segments We report our financial performance, including revenue and operating income, based on three segments: (i) Architects, Engineers, Construction and Owners, (ii) Field Systems, and (iii) Transportation and Logistics.”

Annual report 2026A · The company itself

“united bankersin vuosi vastuullisuus united bankersilla konsernitilinpäätös hallinnointi sijoittajille UB Corporate Finance toimi tilikauden aikana taloudellisena neuvonantajana Endomines Finlandin pitkäaikaisessa rahoituskokonaisuudessa ja Åhlénsin taloudellisena neuvonantajana sen solmiessa hankintayhteistyösopimuksen SOK:n kanssa. Lisäksi yhtiö toimi taloudellisena neuvonantajana Herantis Pharman, Optomedin ja Aspocompin suunnatuissa osakeanneissa.”

Annual report 2025A · The company itself

“The specialty segment rents products (and provides setup and other services on such rented equipment) including (i) trench safety equipment, such as trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction 6 Table of Contents lasers and line testing equipment for underground work, (ii) power and HVAC equipment, such as portable diesel generators, electrical distribution equipment, and temperature control equipment, (iii) fluid solutions equipment primarily used for fluid containment, transfer and treatment, (iv) mobile storage equipment and modular office space and (v) surface protection mats.”

Annual report 2025A · The company itself

“Industry Overview and Economic Outlook United Rentals serves the following three principal end-markets for equipment rental in North America: industrial and other non-construction; commercial (or private non-residential) construction; and residential construction, which includes remodeling. We also have a smaller presence in Europe, Australia and New Zealand.”

Annual report 2025A · The company itself

“The specialty segment’s customers include construction companies involved in infrastructure projects, municipalities and industrial companies. This segment primarily operates in the United States and Canada, and has a smaller presence in Europe, Australia and New Zealand.”

Annual report 2025A · The company itself

“Change in the composition of reportable segments The Group will change its reportable segments composition by moving UPM Forest business into UPM Fibres business area as of January 1, 2026. The vast majority of wood used by UPM in Finland is consumed within the UPM Fibres business, and the Finnish forests are therefore considered an integral operational and strategic part of UPM Fibres North operations.”

Annual report 2025A · The company itself

“UPM Fibres consists of pulp and timber businesses. UPM Pulp offers a versatile range of responsibly-produced pulp grades suitable for a wide range of enduses. UPM Timber offers certified sawn timber.”

Annual report 2025A · The company itself

“The majority of UPM’s revenue comes from sales of graphic and specialty papers, pulp and label materials, and UPM principally competes with several large multinational paper and forest product companies as well as with numerous regional or more specialized competitors.”

Annual report 2025A · The company itself

“To expand its capabilities in greenhouse gas measurements, Vaisala acquired Quanterra Systems, a company specializing in atmospheric monitoring of CO₂ fluxes, in September 2025. Quanterra offers sitespecific atmospheric carbon monitoring for nature-based industries such as agri-food and biofuels, as well as public and private research communities, including carbon certification and trading markets.”

Annual report 2025A · The company itself

“Efterfrågan på hyttförsedda fyrhjulingar fortsätter att öka i Nordamerika. Fordonen används alltmer inom jordbruk och skogsindustrin.”

Annual report 2024A · The company itself

“Our leading online marketplaces across Norway, Sweden, Finland and Denmark connect millions of buyers and sellers every month and facilitate transactions from job offers to real estate, cars, travel, consumer goods and more.”

Annual report 2024A · The company itself

“Our diverse group of leading operating companies provide essential technology solutions that monitor, enhance and protect key resources around the globe. We are committed to the advancement of public health and safety and believe we are positioned to support our customers as they address large global challenges including environmental resource sustainability, water scarcity, management of severe weather events, food and pharmaceutical security, and the impact of an aging workforce. For decades, we have used our scientific expertise and innovative technologies to address complex challenges our customers face across regulated industries – including municipal utilities, food and beverage, pharmaceutical and industrials – where the consequence of failure is high. Through our core offerings in water analytics, water treatment, marking and coding, and packaging and color, customers look to our solutions to help ensure the safety, quality, efficiency and reliability of their products, processes and people globally.”

Annual report 2025A · The company itself

“Our key WQ brands provide solutions that our customers rely upon to manage critical operations involving water. •Hach, the best known of our global brands in the WQ segment, recognized for simple and reliable tests, offers analytical measurement instruments, digital solutions and related consumables that test water quality; we serve over 149,000 customers, including small community water utilities, large public and private water utilities and industrial customers and help to ensure safe water for more than 3.4 billion people every day - approximately 40% of the global population. •ChemTreat associates work alongside customers across many industries to understand their water challenges and tailor chemical treatment plans and dosing protocols to help optimize customers’ water usage and maximize reuse, and reduce water pollution; our solutions helped customers save over 88 billion gallons of water in 2025.”

Annual report 2025A · The company itself

“Product Quality & Innovation Our Product Quality & Innovation segment provides a broad set of essential solutions that brand owners in consumer packaged goods (“CPG”), food and beverage, pharmaceutical, and industrial sectors use to support product authenticity, traceability, quality control, regulatory compliance, accelerate speed to market, and reduce material costs and waste.”

Annual report 2025A · The company itself

“We serve a broad range of customers spanning the municipal, industrial, food and beverage (“F&B”) and CPG end markets, many of which are highly regulated.”

Annual report 2025A · The company itself

“Our CFTR modulators, including ivacaftor, deutivacaftor, lumacaftor, tezacaftor, elexacaftor, and vanzacaftor, target the underlying cause of disease by improving CFTR protein function, and as such have been shown to provide transformative benefit for people living with CF. Our marketed CF medicines, ALYFTREK (vanzacaftor/tezacaftor/deutivacaftor), TRIKAFTA/KAFTRIO (elexacaftor/ tezacaftor/ivacaftor and ivacaftor), SYMDEKO/SYMKEVI (tezacaftor/ivacaftor and ivacaftor), ORKAMBI (lumacaftor/ ivacaftor) and KALYDECO (ivacaftor), are being used by nearly three quarters of the approximately 97,000 people with CF in the U.S., Europe, Australia, and Canada.”

Annual report 2025A · The company itself

“Collectively, our five CF medicines, led by TRIKAFTA/KAFTRIO, are being used to treat nearly three quarters of the people with CF in the U.S., Europe, Australia, and Canada.”

Annual report 2025A · The company itself

“Streamingtjänsten Viaplay vänder sig till en bred publik med en unik kombination av direktsänd sport i världsklass, det bästa från Hollywood och attraktivt lokalt innehåll.”

Annual report 2024A · The company itself

“Over the years, the Company has formed numerous businesses that are focused on important parts of the economy in the U.S., including healthcare, cyber security, energy and agriculture, and on growing international markets, including the Asia-Pacific region, South America and Mexico.”

Annual report 2025A · The company itself

“Merchandise and Other Offerings. Walmart U.S. does business primarily in three strategic merchandise units, listed below: •Grocery consists of a full line of grocery items, including dry grocery, snacks, dairy, meat, produce, deli and bakery, frozen foods, alcoholic and nonalcoholic beverages, as well as consumables such as health and beauty aids, pet supplies, household chemicals, paper goods and baby products; •General merchandise includes: ◦Entertainment (e.g., electronics, toys, seasonal merchandise, wireless, video games, movies, music and books); ◦Hardlines (e.g., automotive, hardware and paint, sporting goods, outdoor living and stationery); ◦Fashion (e.g., apparel for adults and children, as well as shoes, jewelry and accessories); and ◦Home (e.g., housewares and small appliances, bed and bath, furniture and home organization, home furnishings, home decor, fabrics and crafts).”

Annual report 2026A · The company itself

“Merchandise and Other Offerings. Sam's Club U.S. offers merchandise in the following four merchandise categories: •Grocery consists of dairy, meat, bakery, deli, produce, dry, chilled or frozen packaged foods, alcoholic and nonalcoholic beverages, floral, snack foods, candy, other grocery items, as well as consumables such as health and beauty aids, protein and nutrition, paper goods, laundry and home care, baby care, pet supplies and other consumable items; •General merchandise includes: ◦Home, hardlines and seasonal items (such as home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys and mattresses); and ◦Technology and entertainment items (such as consumer electronics and accessories, software, video games, office supplies, appliances and third-party gift cards).”

Annual report 2026A · The company itself

“The Company’s precision chemistry consumable products also include environmental and nutritional safety testing products, including Certified Reference Materials and Proficiency Testing products. Laboratories around the world and across multiple industries use these products for quality control and proficiency testing and purchase product support services required to help with their federal and state mandated accreditation requirements or with quality control over critical pharmaceutical analysis.”

Annual report 2025A · The company itself

“HPLC is also used in a variety of other applications, such as analyses of foods and beverages for nutritional labeling and compliance with safety regulations and the testing of water and air purity within the environmental testing industry, as well as applications in other industries, such as chemical and consumer products.”

Annual report 2025A · The company itself

“These products supply a diverse market with a strong emphasis on the pharmaceutical, biomedical, clinical, food and beverage and environmental market segments worldwide.”

Annual report 2025A · The company itself

“Notably, the product exceeds the performance capabilities of the Xevo TQ Absolute, which itself set the benchmark in the industry for tandem quadrupole sensitivity, particularly in areas such as pharmaceutical quantitation and PFAS detection. Tailored for high-throughput applications in pharmaceutical companies, contract testing organizations, and government laboratories, the new system is designed to deliver exceptional performance for the most sensitive trace-level analyses in complex matrices, while maximizing system uptime and efficiency.”

Annual report 2025A · The company itself

“Thermal analysis, rheometry and calorimetry instruments are heavily used in material testing laboratories and, in many cases, provide information useful in predicting the suitability and stability of industrial polymers, fine chemicals, pharmaceuticals, water, metals and viscous liquids in various industrial, consumer goods and healthcare products, as well as for life science research.”

Annual report 2025A · The company itself

“The Company is in the business of designing, manufacturing, selling and servicing analytical instruments to life science, pharmaceutical, biochemical, industrial, nutritional safety and environmental, academic and governmental customers working in research and development, quality assurance and other laboratory applications, and the Company is also a developer and supplier of software and software-based products that support instrument systems.”

Annual report 2025A · The company itself

“Webstep is a provider of IT consultancy services and offers expertise to solve demanding digitalization and IT projects in the private and public sector, in a number of different industries including banking, finance and insurance, public administration, agriculture and food production, IT and telecommunication, commerce and transportation.”

Annual report 2024A · The company itself

“Proprietary Products Segment Our Proprietary Products reportable segment offers elastomers & primary containment, drug delivery devices, integrated systems, and analytical lab services, primarily to biologic, generic, and pharmaceutical drug customers.”

Annual report 2025A · The company itself

“Wulff is an expert partner also in production solutions, such as industrial packaging material and in protective products important for the care sector.”

Annual report 2025A · The company itself

“Tuotteet: Wärtsilän uusimmat markkina-analyysit antavat kuvan siitä, milloin eri polttoaineet tulevat saataville merenkulkualalla, ja niiden todennäköistä hintaa ennakoidaan mallinnustyökalun avulla.”

Annual report 2024A · The company itself

“Wärtsilän arvion mukaan ensin käyttöön tulevat biopolttoaineet, joita valmistetaan ihmisten ja eläinten ravinnoksi kelpaamattomista orgaanisista raaka-aineista. Saatavuuden odotetaan kasvavan merkittävästi 2030-luvulla.”

Annual report 2024A · The company itself

“Wärtsilä Marine Wärtsilällä on merenkulkuasiakkaita kaikilla suurimmilla alussegmenteillä, kuten perinteiset kauppalaivat, kaasutankkerit, risteilyalukset ja matkustajalautat, laivastot ja erikoisalukset. Öljyja kaasuteollisuudessa Wärtsilä palvelee aktiivisesti offshore-laitoksia ja niihin liittyviä aluksia sekä maalla sijaitsevia kaasulaitoksia. Wärtsilän asiakaskunta koostuu laivanvarustamoista, telakoista ja laivojen liikennöitsijöistä.”

Annual report 2024A · The company itself

“Som ett publikt och vinstdrivande bolag är affären vår kärna, och det är i ett affärscentrerat hållbarhetsarbete vi ser störst möjlighet att göra skillnad. Det är i samarbete med våra kunder och leverantörer som vi kan nå verklig påverkan.”

Annual report 2024A · The company itself

“Huvuddelen av verksamheten omfattar utveckling och tillverkning av automationslösningar för produktionslinjer inom sektorer som förpackning, livsmedel och läkemedel.”

Annual report 2024A · The company itself

“Affärsenheten levererar utrustning till globala aktörer inom förpacknings-, livsmedels- och läkemedelsindustrin.”

Annual report 2024A · The company itself

“Polyketting arbetar med utveckling och tillverkning av automationsutrustning, främst ackumuleringsenheter och transportörsystem, för hantering av förpackningar. Kunderna utgörs huvudsakligen av OEM-företag och slutanvändare inom livsmedelsindustrin.”

Annual report 2024A · The company itself

“Efterfrågan från kunder relaterade till livsmedel och djurfoder var stabil.”

Annual report 2024A · The company itself

“Case Packing Systems (CPS) Nederländerna / USA / Australien CPS utvecklar och tillverkar system för helautomatisk hantering av i första hand livsmedelsförpackningar. Försäljningen sker globalt med Europa, USA och Australien som huvudmarknader.”

Annual report 2024A · The company itself

“Lundgren Machinerys verksamhet omfattar huvudsakligen utveckling och tillverkning av maskiner i form av kartongresare och kartongförslutare. Försäljningen sker till OEM-företag samt ledande livsmedels- och läkemedels aktörer med Europa som huvudmarknad.”

Annual report 2024A · The company itself

“The industrial market includes original equipment manufacturers, exploration and production firms, agricultural customers, and developers and managers of industrial facilities, such as chemical manufacturers, marine, food and beverage companies, data centers and car washes.”

Annual report 2025A · The company itself

“Our Water Solutions and Services segment reaches customers across industrial vertical markets, such as life sciences, microelectronics, food and beverage, chemical processing and power generation, and various municipalities. In order to reach these customers, we leverage our application expertise in process water and 9 wastewater treatment, our internal and external partners, and extensive service branch networks across the globe, including a rental fleet of transfer and treatment assets.”

Annual report 2025A · The company itself

“Strategy and governanceStrategy and governance Strategy and governance Yara's mission is to responsibly feed the world and protect the planet.”

Annual report 2024A · The company itself

“The first tonnes of lower carbon fertilizer have already been delivered to several customers, demonstrating the power of partnerships and collaboration to reduce emissions in the food value chain.”

Annual report 2024A · The company itself

“Yara supplies Cooxupé with Brazil’s first batch of lower-carbon fertilizer In 2024, Yara partnered with Cooperativa Regional de Cafeicultores em Guaxupé, one of the world’s leading coffee cooperatives, to introduce Brazil’s first renewable-based lowercarbon fertilizer.”

Annual report 2024A · The company itself

“Yara’s largest positive sustainability impacts are related to the core of our offering and a main business driver – our ability to support production of quality food and farm income. We offer a comprehensive portfolio of fertilizer products, along with agronomic expertise, product knowledge, and farming tools. These resources help our customers and end-users improve crop yield and quality while ensuring efficient use of nutrients and our products.”

Annual report 2024A · The company itself

“We combine the production and marketing of crop nutrition products and solutions with a farmercentric approach, turning a century of agronomic knowledge into value for millions of farmers around the globe. # 1 in traded ammonia # 1 producer of nitrates and compound NPK (premium products) # 2 producer of ammonia Countries with operations 60+ Countries with sales Production sites Terminals, warehouses, blending units and bagging facilities Yara-branded retail outlets around the world 10,800+ 1414 Contents”

Annual report 2024A · The company itself

“However, producing and applying such products can contribute to air, water and soil pollution.”

Annual report 2024A · The company itself

“The principal items purchased include chicken, cheese, beef and pork products, paper and packaging materials.”

Annual report 2025A · The company itself

“KFC restaurants across the world offer fried and non-fried chicken products such as sandwiches, chicken strips, chicken-on-the-bone and other chicken products marketed under a variety of names.”

Annual report 2025A · The company itself

“Our industrial machine vision platform-independent AI-enabled software, software development kits, smart cameras, vision controllers, frame grabbers, input/output cards, and 3D sensors capture, inspect, assess, and record data from industrial vision systems in factory automation, semiconductor inspection, pharmaceutical packaging, food & beverage, among other use cases.”

Annual report 2025A · The company itself

“Vi anlitar lokala och regionala företag för exempelvis teknisk drift, service av fastigheterna och för tvätt av lakan och handdukar. Vår ambition är att använda lokala leverantörer av mat i så stor utsträckning som möjligt.”

Annual report 2024A · The company itself

“Pandox jobbar även för att aktivt stödja lokala leverantörer och den lokala ekonomin avseende säsongsråvaror som frukt och grönt. De lokala inköpen ökade till 37 (22) procent.”

Annual report 2024A · The company itself

“Under perioden köpte Pierce varor (för återförsäljning inom ramen för den löpande verksamheten) från O’Neal Europe GmbH & Co. KG, ett bolag som kontrolleras av styrelseledamoten i Pierce Group AB, Thomas Schwarz, för 5 (6) MSEK.”

Annual report 2024A · The company itself

“De generella konsekvenser som tidigare varit kända är förekomsten av bristande arbetsförhållanden på vissa platser globalt inom exempelvis produktionen av latex och naturgummi.”

Annual report 2024A · The company itself