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