安道麦B：2025年半年度报告

SEMI-ANNUAL REPORT2025 ADAMA Ltd. is a global leader in crop protection, providing solutions to farmers across theworld to combat weeds, insects and disease. ADAMA has one of the widest and mostdiverse portfolios of active ingredients in the world, state-of-the art R&D, manufacturing andformulation facilities, together with a culture that empowers our people in markets aroundthe world to listen to farmers and ideate from the field. This uniquely positions ADAMA tooffer a vast array of distinctive mixtures, formulations and high-quality differentiated products,delivering solutions that meet local farmer and customer needs indozens ofcountriesglobally, with direct presence in all top 20 markets. Please see important additional information and further details included in the Annex. Section I-ImportantNotice,Table ofContents and Definitions •The Company’s Board of Directors, Board of Supervisors, directors, supervisors andsenior managersconfirmthat the content of the Report is true, accurate and completeand contains no false statement, misleading presentationsor material omissions, andassume joint and several legal liability arising therefrom.•Gaël Hili, the person in charge of the Company(President and Chief Executive Officer)as well as its legal representative, andEfrat Nagar, the personleadingthe accountingfunction (Chief Financial Officer), herebyassert and confirmthe truthfulness, accuracyand completeness of the Financial Report.•All theCompany’sdirectors attended the board meeting forthe review of this Report.•Theforward-looking information described in this Report, such as future plans,development strategy, market trends and their effectetc., does not constitute, in anymanner whatsoever, asubstantialcommitment of the Company to investors. Investorsand other relevant peopleare cautioned tobe sufficiently mindful of investment risksas well as the difference between plans, forecasts and commitments.•The Company has described its possible risks in “X-Risks Facing the Company andCountermeasures” under SectionIIIherein.The major risks of the Company include,among others, exchange rate fluctuations; exposure to interest rate, Israel CPI andNIS exchange rate fluctuations; fluctuations in raw material inputs and prices, and insales. Investors and other relevant people are cautioned to be sufficiently mindful ofinvestment risks. For the complete “Risks Facing the Company and Countermeasures”of the Company, please see the relevant section below.•For the Reporting Period,the Company does not plan to distribute cash dividends orbonus shares or convert capital reserve into share capital.•This Reportand itsAbstracthavebeen prepared in both Chinese and English. Shouldthere be any discrepancies between the two versions, the Chinese version shallprevail. Table of Contents Section I-Important Notice, Table of Contents and Definitions.......................................2Section II-Corporate Profile and Financial Results..........................................................6Section III-Performance Discussion and Analysis...........................................................9Section IV-Corporate Governance, Environment and Society......................................33Section V-Significant Events...........................................................................................35Section VI-Share Changes and Shareholders................................................................77Section VII-Bonds............................................................................................................82Section VIII-Financial Report...........................................................................................83Section VIIII–Other Reported Data................................................................................204 Documents Available for Reference (I)Duly signedFinancial Statements by theLegal Representative and Accounting Principal as well as Head of theAccounting Organ;(II)Originals of allCompany’sdocumentspreviouslydisclosed in media designated bytheCSRC as well as the originalsof all the public notices,were deposited in theCompany’soffice. Definitions Section II-Corporate Profile andFinancialResults I.Corporate Information III.Other Information 1.Ways to Contact the Company Indicate by tick mark whether any changes occurredto the registered address, office address and theirpostal codes, website address and email address of the Company during the Reporting Period. □Applicable√Not applicable No changes occurred to the said information during the Reporting Period, which can be found in the2024Annual Report. 2.Information Disclosure Media and Place where this Report is Kept Indicate by tick mark whether any changes occurred to the information disclosure media and the placewhere this Reportiskept during the Reporting Period. □Applicable√Not applicable The newspapers designated by the Company for information disclosure, the website designated by theCSRC forth