安道麦B：2025年三季度报告（英文版）

The Company and all members of its board of directors hereby confirm that allinformation disclosed herein is true, accurate and complete with no false or misleadingstatement or material omission. ADAMA LTD. THIRD QUARTER REPORT2025 ADAMA Ltd. (hereinafter referred to as “the Company”) is a global leader in crop protection,providing solutions to farmers across the world to combat weeds, insects and disease.ADAMA has one of the widest and most diverse portfolios of active ingredients in the world,state-of-the art R&D, manufacturingand formulation facilities, together with a culture thatempowers our people in markets around the world to listen to farmers and ideate from thefield. This uniquely positions ADAMA to offer a vast array of distinctive mixtures, formulationsand high-quality differentiated products, delivering solutions that meet local farmer andcustomer needs indozens ofcountries globally, with direct presence in all top 20 markets. Please see important additional information and further details included in the Annex. October2025 Important Notice The Company’s Board of Directors, Board of Supervisors, directors, supervisors andsenior managers confirm that the content of the Report is true, accurate and completeand contains no false statements, misleadingpresentations or material omissions,and assume joint and several legal liability arising therefrom. GaëlHili, the person leading the Company (President and Chief Executive Officer) aswell as its legal representative,andEfrat Nagar,the personleading the accountingfunction(Chief Financial Officer),hereby assert and confirm the truthfulness,accuracy and completeness of the Financial Report. The Third Quarter Report has not been audited. This Reporthasbeen prepared in both Chinese and English. Should there be anydiscrepancy between the two versions, the Chinese version shall prevail. I.Main accounting and financial results 1.Whether the Company performs any retroactive adjustments to,or restatements of,its accounting data of last year dueto change in accounting policies or correction of accounting errors □Yes√No 2.Non-Recurring profit/loss Unit:RMB’000 No such cases in the Reporting Period. Explanation of why the Company classified an item as non-recurring profit/loss according to the definition in theExplanatoryAnnouncement No. 1on Information Disclosure for Companies Offering their Securities to the Public.Non-recurring Profitand Loss, and reclassified any non-recurring profit/loss itemsaregiven as examplesin the said explanatory announcementto recurrent profit/loss □Applicable√Not applicable No such cases in the Reporting Period. 3.Changes in main accounting statementitems and financial indicators in the Reporting Period, as well as reasons forthe changes √Applicable□Not applicable GeneralCrop Protection(CP)MarketEnvironment1 Throughthefirst nine monthsof2025,channel inventoryreturnedtopre-pandemic levels in most countries, allowing cropprotection demand recovery. Pricing pressure remains high, driven by production over-capacity of active ingredients. Cropcommodity prices remain stably low and coupled with the high-interest rate environment,farmer profitability remains tightleadingto just-in-time purchasingpatterns. Geopolitical Situation ADAMA is headquartered and has three manufacturing sites in Israel. The regional tensions which escalated on October7, 2023, continuedto haveno material impact to-date on the Company's ability to support its markets or its consolidatedfinancial results. ADAMA is a global company with manufacturing and formulation facilities in several locations around the world, principallyin Israel, China and Brazil. The Company’s management appointed a dedicated task force to analyze implications of UStariff policiesand to closely monitor and manage the situation and its potential impact on its global network.Despite theuncertainty regarding the US tariff policies, the Company currently expects that the impact on its operations and businessresults will be immaterial. Analysis of Financial Highlights (1)Revenues Revenuesin the third quarter were stable (1% in RMB; 0% in CER) reaching $933 million, mainly reflecting thecombined results of a 1% increase in volume and a 1% decrease in prices. The higher volumes reflected the gradualrecovery of market demands and improvement of channel inventories in most regions. Prices remained weak mainlydue to low prices of active ingredients in light of overcapacity, as well as a high-interest rateenvironment and lowcommodity prices, which put pressure on distributors and farmers. Revenues in the first nine months were also stable (1% in RMB; 1% in CER) reaching $3,025 million. Thestabilization of revenues in the first nine months was driven by volume growth of 3% offsetting a decrease in pricesof 3%. Regional Sales Performance Europe, Africa & Middle East (EAME):Volumes and revenue inEAMEincreased in the third quarter, though significantdeclines in Turkeyin the first