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