VIVESCIA Shareholders' Newsletter

SHAREH LDERS’ NEWSLETTER 02 VIVESCIA INDUSTRIES

SHAREHOLDER RELATIONS Read all the latest news about VIVESCIA Industries and find all the information you need on www.vivescia-industries.com Registered office in Reims • 2, rue Clément Ader, 51100 Reims • +33 (0)3 26 78 62 00 • Graphic design: Anthony Texeira – DotStudio • Editorial design and copywriting: Corine Delahaye, Valerie Desprets - Sapristi Factory, and VIVESCIA’s communication department • Photo credits: Ballade Studio, Bertrand Boissimon, Axel Coeuret, Guillaume Czerw, Stéphanie Tétu, Visu Communication, Malteurop, Grands Moulins de Paris, Francine, Campaillette, Délifrance, Kalizea, NEALIA, VIVESCIA • Printer: Galaxy. This document is printed on paper from sustainably managed and PEFC-certified forests. Published by VIVESCIA Group's Communication department. December 2025. Please drink responsibly. 03

2024-2025 SHAREHOLDERS’ NEWSLETTER €154 million EBITDA €2.7 billion in revenue 55 production sites around the world 1 in 3 French artisan bakers work with Grands Moulins de Paris 2 000 beers brewed with Malteurop malt are enjoyed every second worldwide. VIVESCIA industries is a major player in grain- processing industries with deep agricultural and cooperative roots. Our purpose is to maximize the value of grain, from field to fork, in France and across four continents. We are experts in six industries: milling, frozen bakery, malting, maize processing, animal nutrition, and industrial biotechnologies. We develop socially committed and responsible processing value chains: wheat-flour-bread/ viennoiserie; barley-malt; and milling maize. Enhancing the sustainability of our business model in line with our sustainable development policy, LINK, is a constant focus for our highly skilled and motivated teams. VIVESCIA INDUSTRIES in brief Francine product purchased every second in France1 25 countries 6.5 million chickens are fed every year by NEALIA 5 800 employees 73 % of the products made by KALIZEA are sold locally (near one of its three production sites in France, Poland and Romania) 2 to 3 first production scale-ups every year for ARD 04 VIVESCIA INDUSTRIES

A NEW chAptER Last year, I announced the opening of a new era for VIVESCIA Industries. Today, we are fully committed to it. In spring 2025, we took a major decision: to bring Délifrance, our frozen bakery business, under the wing of the family- owned company Vandemoortele, a leading frozen bakery group. I would like to take this opportunity to commend the unwavering commitment of the Délifrance teams, who over the years have succeeded in building increasingly robust momentum in innovation and economic performance, even in a volatile and inflationary environment. CHRIStOph BÜrEN President of SICOM, VIVESCIA Industries' general partner 1. On 20 November, the date of this editorial, the deal is being finalized, subject to the approval of the competition authorities. Shareholders’ newsletter 2024-2025 05

Building on a collective effort to identify a shared vision for 2030, our ambition is now clearly articulated around three strategic pillars for value creation from grain: malt ingredients for beer and whisky, food ingredients, and biotechnological ingredients dedicated to bioeconomy activities. VIVESCIA Industries, which will be renamed VIVESCIA Ingredients, is opening a new chapter in 2026 with 100 % French ownership. This ingredient-focused positioning requires unfailing agility and insight to anticipate and capture market signals, and the capacity to invest in order to strengthen both our competitiveness and our sustainability. Despite external crises of all kinds since 2020, our results have continued to improve. In financial year 2024–2025, although market conditions were challenging — particularly in the malt–beer industry — we delivered very respectable results, with financial ratios kept firmly under control, both in terms of balance sheet stability and for our banking partners. In a rapidly changing world, marked by climate change, we must prepare our businesses for a new dynamic of development and transformation. To achieve this, we will need to further enhance our operational efficiency, build expertise across our value chains by listening to and engaging more closely with our customers, and remain alert to emerging disruptive signals. In this respect, TRANSITIONS, our innovation program in regenerative agriculture, serves as a large-scale experimental laboratory for VIVESCIA Industries (and tomorrow VIVESCIA Ingredients), its cooperative stakeholders, and the plant-based, food, and bioeconomy value chains. Processed grain is no longer merely a commodity; it is far more than that. We are ready to write a new chapter in the history of our value chains together with our cooperative partners. The course is set for 2026 and the years ahead, under the banner of transformation, innovation, a strong results- oriented culture, and the creation of sustainable value. It is therefore with confidence that we embark on this new chapter with motivated and fully engaged teams, under the leadership of new Managing Director Guillaume Mothe. It is therefore with confidence that we embark on this new chapter with highly motivated and engaged teams, under the leadership of new Managing Director Guillaume Mothe. 06 VIVESCIA INDUSTRIES 06

SICOM, THE GENERAL PARTNER Audit committee External member SICOM, THE GENERAL PARTNER MANAGING AUTHORITY SUPERVISORY BOARD 7 MEMBERS Strategic orientations, decisions on budgets, investments, divestments and acquisitions EXECUtiVE MANAGEMent Oversight of financial performance 13 MEMBERS 3 ObSerVERS Management control, auditing the accounts, shareholder relations, setting the reference share price for the trading platform CHRIStOph BÜrEN Chairman ALBAn COLLARD Board Member – VIVESCIA GUiLLAUME MOTHE Managing Director of VIVESCIA Director of VIVESCIA Industries JEAN-MARC LONGUET Board Member – VIVESCIA SYLVAiN hiNSCHBerGER Board Member – VIVESCIA rOSS MciNnES External director, Chairman of Safran’s Board of Directors ARNAUD LE GROM DE MAReT Managing Director of EMC2 EMMAnUEL rOUGIER External director, former Managing Director of Limagrain GOVErNAnCE Shareholders’ newsletter 2024-2025 07

CHRIStiNE MONDOLLOT Member appointed by Bpifrance THierRY niCe Board Member – VIVESCIA niCOLAS PERArDEL Board Member – VIVESCIA JEAN-PAUL ViNOT Vice president of Novagrain SUPERVISORY BOARD ON 30 JUNE 2025 JACKY GOUBAULT Board Member – VIVESCIA niCOLAS DEMOURY Chairman StÉPHANE ScHOUMAChER Board Member – VIVESCIA PiERrE ZACHARiAS Board Member – EMC2 CHRIStOphE GRiSOn President of CLOVIS Holding FLOREnCe ALiN Observer representing Unigrains XAVIER DORChiES Observer representing Sofiprotéol LOUIS JAiLLANT Board Member – VIVESCIA JULIEn BADUrAUX Board Member – EMC2 DAMIEn FOSSEPReZ Board Member – VIVESCIA SÉBASTIEN MOYNOt Observer representing Bpifrance MARIE GAiLLiOT Board Member – VIVESCIA VIVESCIA INDUSTRIES 08

During financial year 2024–2025, VIVESCIA Industries’ businesses were affected by weak overall consumption against a backdrop of geopolitical tensions and economic uncertainty. The beer market remained sluggish across most regions, particularly in Europe and North America. Key raw materials — butter and cocoa — essential to our frozen bakery business, once again experienced high price volatility trending upward. In a low-growth market environment, teams implemented operational efficiency and cost- reduction plans to maintain the highest possible profit levels. The project to sell Délifrance (the frozen bakery business) to family-owned Vandemoortele Group, was announced on 28 March 2025. Subject to clearance by the competition authorities, the deal is expected to be completed by the end of the 2025 calendar year. The three core businesses — malting, milling, and frozen bakery — which account for 91 % of VIVESCIA Industries’ consolidated revenue, generated combined revenue of €2.5 billion. The animal nutrition business proved resilient, particularly in the “cattle” segment, despite operating in a highly competitive market. The maize milling business posted profits that were among the strongest of the past three years, despite lower volumes, thanks to effective commercial management. The biotechnology business continued to grow, despite a less dy- namic market. VIVESCIA Industries’ total revenue was €2,736.50 million, down 4.4 % compared to the previous financial year. EBITDA reached €153.6 million, a decrease of €31.6 million versus the previous year, which had been a record high. VIVESCIA Industries reduced its debt by €18.6 million, bringing it down to €492 million. VIVESCIA Industries continued to roll out LINK action plans across all business lines, as part of the Group’s sustainable development policy. The Group’s climate strategy is reflected in a decarbonization program and related investments, including the commissioning of a biomass power plant this year in Seville (Spain) and a solar power facility in San Adrián for our malting operations. FINANCIAL AnALYSiS Shareholders’ newsletter 2024-2025 09

Revenue (in millions of euros) EBITDA (in millions of euros) Net debt (in millions of euros) 154 2024-2025 2024-2025 2024-2025 2023-2024 2023-2024 2023-2024 2022-2023 2021-2022 2020-2021 10 % OTHER INDUSTRIAL BUSINESSES 18 % MILLING 34 % FROZEN BAKERY Breakdown of revenue and EBITDA by geographic area Breakdown of revenue by business 38 % MALTING 2 863 511 185 149 136 126 2/3 Europe and rest of the world 1/3 France FINANCIAL INDICATORS % 2 737 492 At 30 JUNe 2025 VIVESCIA INDUSTRIES 10

Chairman of the Supervisory Board 3 QUESTIONS FOR niCOLAS DEMOURy What comment would you make on the past financial year? N. D. I believe it is fair to speak of pride. Pride because, once again this year, VIVES- CIA Industries’ teams have risen to the challenge in a context that was unfavo- rable in many respects, with geopolitical and econo- mic turbulence and a gene- ral decline in consumption, particularly in our malting business, which is facing a sluggish beer mar- ket. But I want to emphasize this point: despite a difficult and complex environment, our teams never gave up — cost control, commercial agi- lity, operational efficiency. And more than that, they continued to prepare for the future. Speaking of the future, the world is changing. Isn’t this the right time for VIVESCIA Industries to change as well? N. D. VIVESCIA Industries is always changing! The year was marked by a series of events that signal a positive new momentum that will strengthen our competitiveness and, in doing so, prepare us for the future. During the year, we reached a turning point with our deci- sion to find a new sharehol- der for our frozen bakery business (Délifrance). This will strengthen our capacity to invest in our five other business lines in the years ahead and enhance our resilience in an increasingly volatile world. So 2025 marks a turning point? A new dynamic? N. D. Yes, and it is a collective responsibility shared by all stakeholders. We have stren- gths: highly motivated, competent teams, and greater room for maneuver. With our new Managing Director, Guillaume Mothe, we are entering a new phase. It will be rolled out through new development projects. This represents a new opportunity to forge stron- ger ties with our cooperative partners. This momentum is now underway. Shareholders’ newsletter 2024-2025 11

REFERENCE SHARE PRICE SHAREHOLDER STRUCTURE JUNe 2025 2. SAS Clovis: Holding company of SCARA, Coopérative agricole de Lorraine, LORCA, and Valfrance 3. Novagrain, Limagrain, 110 Bourgogne, Noriap, Esternay, Juniville, Interval. 78 % Agricultural cooperatives 17 % Financial partners 5 % Individual shareholders 4,079 individual shareholders at 30 June 2025 (employees, cooperative farmers, FCPE) EMC2 9.06 % Other cooperatives and institutional shareholders3 5.97 % VIVESCIA 55.19 % SAS CLOVIS2 Holding 6.86 % Unigrains 2.09 % Sofiprotéol 1.98 % Bpifrance 13 % Members of cooperatives, employees, and other shareholders 5.85 % % VIVESCIA INDUSTRIES 12

MALTING MALTEUROP One of the world's leading maltsters, a specialist of the barley-malt-beer industry, and a producer of malted ingredients. MILLING GRANDS MOULINS DE PARIS France’s leading miller, known by artisans and manufacturers alike, and renowned for its brands Francine, Campaillette, and Copaline. FROZEN BAKERY DÉLIFRANCE A major European frozen bakery manufacturer, known for its premium viennoiserie products. 6 businesses specializing in ADDInG VALUE tO GrAIn p. 16 -17 p. 14 -15 p. 18 -19 Shareholders’ newsletter 2024-2025 13

BIOTECHNOLOGIES AND R&D ARD A research and development firm operating in the fields of industrial biotechnology, fractionation, and plant chemistry. ANIMAL NUTRITION NEALIA The leading regional animal nutrition expert and partner for livestock farmers in the north- east of France. MAIZE PROCESSING KALIZEA Recognized European maize processor for the food industry.. p. 20 p. 22-23 p. 21 VIVESCIA INDUSTRIES 14

A biomass power plant for the Seville site The energy system selected provides low-carbon heat and electricity using biomass as the primary fuel. The plant is supplied with wood chips, olive pits, and almond shells. This facility, commissioned in May 2025, reduces GHG¹ emissions by more than 75 % and cuts the site’s dependence on fossil fuels by around 20 %. It is the fourth Malteurop site where this type of facility has been installed, following the malting plants in Gdańsk, Metz, and Vitry-sur-Seine. Key figures 2,000 beers brewed with Malteurop malt are enjoyed every second worldwide 23 production sites in 14 countries 900 customers worldwide How would you sum up 2024-2025? O. H. Overall, the beer market was difficult and uncertain, against a backdrop of declining alcohol consumption in countries that have traditionally been the main drivers of our industry. Major beer and whisky players saw their sales decline, which had a knock-on effect on our malt sales. Nevertheless, we chose to increase our focus on sustainability and regenerative agriculture with our customers: this represents a genuine opportunity for Malteurop and for VIVESCIA. OLiVIER hAUTIn Managing Director of Malteurop 1. Greenhouse gas MALTING Committed to A LOOK BACK At THE YEAR WiTH... Shareholders’ newsletter 2024-2025 15

Decarbonizing procurement with TRANSITIONS Publication of our first sustainable development report The initiatives carried out this year under LINK by Malteurop are aligned with the VIVESCIA Group’s LINK policy. They demonstrate the strength and depth of our commitment at every level of the company. hiGHLiGHTS 1,000 days without a serious accident at the malting plant in Geelong, Australia 5 EcoVadis certifications in Europe (France, Germany, Spain, Portugal, Italy) What are your main sources of satisfaction? O. H. My main source of pride: zero serious accidents for the second consecutive year. I am also pleased to see the first positive effects of our “Malt Forward” strategy, with a focus on customer orientation, innovation, and sustainability. Lastly, I would highlight the launch of our LINK by Malteurop strategy, with tangible achievements as evidenced by our sustainable development report. This report is one of the pillars of our “Malt Forward” strategy. What is the outlook for the months ahead? O. H. The market remains unpredictable. We will continue our efforts to transform our customer approach, in particular by becoming even more agile in order to generate greater value. New projects spanning the entire barley–malt–beer value chain are also planned as part of LINK by Malteurop. Finally, our Malt Forward strategy is more important than ever, especially through organic and external growth projects. As part of the overall decarbonization plan for its malting operations, Malteurop has set itself the target of sourcing 30 % of its barley from low-carbon regenerative agriculture programs by 2030 (initially in France, Spain, Poland, Australia, New Zealand, and Mexico). This approach has been widely welcomed by both long-standing and new customers in France and internationally. VIVESCIA INDUSTRIES 16

Participation in the 2025 Food Ingredients Europe event, in Frankfurt, alongside KALIZEA and Diamalteria The three VIVESCIA grain-ingredient experts joined forces for the first time to present technical and sensory ingredients derived from their three business lines. These included ID Ingredients’ new “Hey Bro!” brownie mix, formulated, produced, and blended at Grands Moulins de Paris’s Briare blending facility, in France. Key figures 800,000 tons of wheat milled each year, on average 600,000 tons of flour produced on average every year More than 1,000 employees in France How would you sum up 2024-2025? P. G. The quality of the 2024 wheat crop affected the efficiency of our mills and placed significant demands on our teams, who showed professionalism and commitment to rise to the challenge of this exceptional situation. What are your main sources of satisfaction? P. G. Thanks to our teams’ hard work and our customers’ trust, we succeeded in maintaining volume growth in sales to artisan bakers and food manufacturers despite the challenging environment. PiERrE GARCIA Managing Director of Grands Moulins de Paris MILLING Committed to A LOOK BACK At THE YEAR WiTH... More than Shareholders’ newsletter 2024-2025 17

Participation in the Sustainable Wheat Initiative Europe symposium in Utrecht In early June 2024, Grands Moulins de Paris and VIVESCIA Group took part in the Sustainable Wheat Initiative Europe symposium, organized by the International Association of Plant Bakers in Utrecht. This was an opportunity to showcase TRANSITIONS to the 200 participants from the European frozen bakery sector and to support the ambitions of a partnership-based ecosystem for a more sustainable, low-carbon wheat–flour–bread grain value chain in Europe by 2030. Our CSR program, LINK by GMP, is gaining momentum: 40,000 tons of wheat from the TRANSITIONS program were processed in our mills this year. We are also continuing to expand our fleet of electric trucks to deliver flour to our customers. Lastly, this year provided the opportunity to celebrate the 60th anniversary of Francine, our iconic brand that remains as dynamic as ever. What is the outlook for the months ahead? P. G. Our objective is to build our competitiveness plan through to 2030. Our upcoming developments include the inauguration of a revamped bulk loading facility and increased storage capacity in Bordeaux. More broadly, the investments on our sites, combined with the efforts of our sales teams, will support volume growth, particularly in the ID Ingredients segment and internationally, where we have participated in numerous trade fairs². And of course, we will continue to pursue our LINK by GMP roadmap, with a clear focus on hitting VIVESCIA Group’s SBTi decarbonization targets. ! 2. Thailand, Singapore, Germany, USA, UAE, China, Italy, Brazil, Saudi Arabia. hiGHLiGHTS 8,200 SKUs and 31 merchants! Our e-commerce site for artisan bakers continues to grow, with the rollout of a new platform. 95 % brand awareness for Francine, up one point in the 2025 “French Consumers’ Favorite Brands” survey. Podium finish for the Paris Bakery School, which was voted best bakery school and third best patisserie school by Le Figaro in 2025, with a 97.6 % pass rate among the 250 apprentice students across all eight qualifications. Francine’s 60th anniversary Throughout the year, celebrations and events were held with consumers and farmers who are part of the Club Francine program. Five new baking mixes combining indulgence, authenticity, and French expertise were launched: Focaccia, Flan, Vanilla Custard Flan, Chocolate Sponge Cake, and Plain Sponge Cake. VIVESCIA INDUSTRIES 18

Key figures 14 production sites including 7 in France More than €1 billion in revenue and 2.1 billion viennoiserie products sold worldwide 3,500 employees around the world How would you sum up 2024-2025? R. O. High inflation and operational challenges are putting the bakery sector to the test. However, there is still strong growth potential in Europe, particularly in viennoiserie and specialty bread categories. The bakery market continues to be driven by pleasure and changing consumption habits: snacking, the search for new experiences, and the rise of flexitarian lifestyles all represent market opportunities. rOBert O'BOYLE MANAGING DIRECTOR OF DÉLIFRANCE Manufacturing academy More than a training program, the Manufacturing Academy launched this year marks a turning point, making skills a sustainable accelerator of collective performance and engagement. This integrated, tailor-made training program comprises 15 modules. It is available in six languages and mobilizes 150 internal trainers. FROZEN BAKERY Committed to A LOOK BACK At THE YEAR WiTH... Shareholders’ newsletter 2024-2025 19

Innovation at the heart of Délifrance’s success A modified-atmosphere patisserie project for Intermarché, and the pistachio croissant wins the 2024 Pépites de la Boulangerie award. What are your main sources of satisfaction? R. O. In this changing environment, Délifrance remains a preferred partner for the bakery sector. Our key account and foodservice strategy, first launched several years ago, is delivering results. Délifrance’s results are improving, with strong growth across strategic ranges and categories: +14 % for the Blended range, +8 % in value for the Héritage viennoiserie range, and +11 % in volume for artisan bread. What is the outlook for the months ahead ? R. O. Délifrance’s acquisition by Vandemoortele is expected to be completed by the end of 2025. Our ambitions, strategic priorities, and outlook remain unchanged: to make Délifrance the best partner for its customers in the bakery category. We have many strengths to support Délifrance’s profitability and stand out in our markets: superior product quality, an effective, solutions-oriented approach, recognized innovation capabilities, and an ambitious CSR plan that helps create value. hiGHLiGHTS A dynamic CSR roadmap: “Baking Good Better” Launch of our Responsible Purchasing Charter Rainforest Alliance+ cocoa 58.5 % Segregated RSPO- certified palm oil1 99.7 % 1. Products manufactured in our European plants Integration of wheat flour sourced from the TRANSITIONS program into our procurement Vandemoortele and Délifrance: building a new leading player in frozen bakery Vandemoortele and VIVESCIA signed an agreement on 28 March 2025 with a view to Vandemoortele acquiring Délifrance. By combining their strengths and expertise, Délifrance and Vandemoortele will be able to address tomorrow’s challenges and offer customers a comprehensive range of viennoiseries, artisan breads, donuts, Italian savory products, and pastries. This new player will help shape the future of the frozen bakery industry through international development, bringing innovation, services, and value-added solutions to its retail and foodservice partners, while also accelerating ambitious commitments in the area of sustainable development. VIVESCIA INDUSTRIES 20

How would you sum up 2024-2025 ? H. N. KALIZEA maintained solid profit margins despite a disrupted economic and geopolitical environment. The diversification of our activities across different markets (brewing, snacking, flour, etc.), risk management, and rigorous cost control were among the factors that contributed to these results. What are your main sources of satisfaction ? H. N. Our customer Griffith Foods joined the TRANSITIONS program alongside VIVESCIA’s cooperative farmers. In addition, for the first time, KALIZEA, Grands Moulins de Paris (ID Ingredients), and Malteurop (Diamalteria) joined forces at the international ingredient trade fair Food Ingredients Europe (FIE) to present technical and sensory ingredients from our three grain value chains. What is the outlook for the months ahead ? H. N. All three entities showed great resilience, which provides a solid platform from which to look confidently toward the future and our growth. We will continue to optimize our operational efficiency, consolidate the expected returns on investments made during the past financial year, and explore new projects in order to capture additional market opportunities. MAIZE PROCESSING 50 years of expertise in the spotlight in France Resilience and adaptability are the watchwords of our fifty-year-old plant, which reinvents itself every day to meet customer requirements. Modernization works and capacity increases on certain production lines have begun. A new production line in Romania Dedicated to products for the snacking market, it reflects our development and strengthens ties with our customers. Increased storage capacity in Poland Work is ongoing to support the evolving needs of our customers. Zero accidents in more than two years for KALIZEA Polska (Poland) and KALIZEA Boromir (Romania) hUGO nAUDEt Managing Director of KALIZEA All quality certifications (FSSC 22000, GMP+, halal, kosher, etc.) renewed hiGHLiGHTS EcoVadis Silver Medal for the 9th consecutive year Key figures 120 employees, of which 50 % are in France 3 production sites in 3 European dans countries 224,000 tons of products made on average every year Committed to Shareholders’ newsletter 2024-2025 21

Key figures More than 1,600 livestock farmers monitored through their technical and economic data (1/4 of customers) More than 1,000 tonnes par jour d’aliments livrés par NEALIA dans les élevages de la région More than 3,500 laboratory analyses carried out How would you sum up 2024-2025? A. B. NEALIA delivered satisfactory levels of EBITDA, up 30 % compared with the three-year average. With strong prices on the main animal products (milk, cattle, sheep, poultry, eggs), our teams focused on a technical and economic approach to supporting farmers in order to maximize the potential of their herds, in a context of historically low raw material prices. Abundant forage harvests for the second consecutive year negatively impacted sales of forage substitutes, particularly wet feed. What are your main sources of satisfaction? A. B. Our strategy of working individually with each farmer to develop added value is proving successful. NEALIA has continued to strengthen its technical credibility and to earn the trust of new livestock farmers. At the same time, NEALIA has consolidated its biomethanation consultancy services. What is the outlook for the months ahead? A. B. Livestock farming represents a potential diversification pathway for many farmers. Our ambition is to establish 100 poultry houses across our territory. The first concrete projects for the construction of these units have already been approved, including relevant support and technical and financial assistance for farmers. At the same time, we will continue to strengthen synergies with the VIVESCIA Group’s agricultural teams as well as its cooperative partners in order to better serve livestock member-farmers. We also intend to capitalize on the TRANSITIONS program by de-risking initiatives and promoting these virtuous approaches downstream. ANIMAL NUTRITION ARMAnD BARRÉ Managing Director of NEALIA Éleveurs d’Avenir Created in 2023, this group brings together around thirty dairy farmers working closely with our teams. Together, we explore new practices aimed at generating added value and delivering benefits across a range of topics, including animal welfare, decarbonization, and work organization. This group enables us to progress and excel together — it is a win–win partnership that is promoted through signage at the entrance of each farm engaged in the program with NEALIA. We have also launched a new project with these farmers: NEALIA Connect. This application, connected to milking robots, leverages their data to optimize performance. Ultimately, this program will be rolled out to all of our customers who have milking robots. 22 VIVESCIA INDUSTRIES

Key figures 130 employees 2 world firsts per year €24 million in revenue (ARD – Wheatoleo) (40 % development, 60 % production) How would you sum up 2024-2025 ? PA ARD successfully consolidated recurring business for its industrial demonstrator and developed projects with major long-standing customers for trials at laboratory and pilot level. For Wheatoleo, the bio-based surfactants market continues to grow, despite a sluggish economic context and a detergents market that is tending toward simplified formulations. What are your main sources of satisfaction? PA ARD is recognized as a global leader in the field of bio-manufacturing. We are also proud to work alongside Genopole, France’s leading bio-cluster dedicated to genetics, biology, and biotechnology, which strives to support this sector identified as strategic by the French government. Wheatoleo’s sales are increasing among our long-standing customer base, supported by several promising new product launches. What is the outlook for the months ahead? PA We will continue to develop ARD and increase volumes, while further diversifying Wheatoleo’s specialty product portfolio. Our ambition is to strengthen industrial credibility in the detergents and cosmetics markets, and in agriculture in the longer term, while continuing to develop high-performance, sustainable surfactants with greater added value by leveraging co-products and technologies developed in partnership with our customers. BIOTECHNOLOGIES AND R&D PHiLIPPe AUBRY Managing director of ARD and its subsidiary Wheatoleo1 ARD and Genopole: driving the industrialization of biotechnologies in France By pooling the two entities’ scientific expertise and R&D capabilities and offering a shared strategic and operational value proposition, this partnership will accelerate the industrialization of bio-based innovations for both private and public project leaders. A new stage in Wheatoleo’s development Thanks to the installation of new, tailor- made industrial tanks, Wheatoleo is ramping up and securing its development. The optimization of production and increased capacity will enable the company to meet its customers’ growing needs even more effectively. This represents a strategic investment for an ever more innovative and greener future. 1. Wholly owned ARD subsidiary specializing in the production of surfactants derived from plant-based raw materials. Shareholders’ newsletter 2024-2025 23

TA DA M ! Francine is back on TV ! With a brand-new campaign taking us from the farmer’s field to the family kitchen. Eat at least five servings of fruit or vegetables per day. www.mangerbouger.fr WATCh ScAN TO