安道麦B：2025年年度报告（英文版）

ADAMALtd. is a global leader in crop protection, providing solutions to farmers across theworld to combat weeds, insects and disease.ADAMAhas 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 positionsADAMAtooffer 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. For further important additional information and details, please refer to the Annex. March2026 Section I-ImportantNotice,Table ofContents and Definitions ▪TheCompany’sBoardofDirectors, directors andsenior managersconfirmthat the content of the Report is true,accurateand complete and contains no false statements, misleading presentationsor material omissions,andassumejoint and severallegalliability arising therefrom. ▪GaëlHili,the person leading the Company(President and Chief Executive Officer)as well as its legalrepresentative,andEfrat Nagar-the personleadingthe accountingfunction(Chief Financial Officer),herebyassert and confirmthe truthfulness, accuracy and completeness ofthe Financial Report. ▪All of the Company’sdirectors attended the board meeting forthe review of this Report. ▪The forward-looking information described in the Report, such as future plans, development strategy etc., doesnot constitute, in any manner whatsoever, a substantialcommitmentof theCompanyto investors. Investors andotherrelevantpeopleare cautioned tobe sufficiently mindful ofinvestmentrisksas well as the difference betweenplans, forecasts andcommitments. ▪The Company has described its future development strategies, work plan for2026and possible risks in “XI.Outlook ofthe Company’sfuture development” inSection III.The major risks of the Company include, amongothers, exchange rate fluctuations; exposure to interest rate, Israel CPI and NIS exchange rate fluctuations;fluctuations in raw material inputs and prices, and in sales. Investors and other relevant people are cautioned tobe sufficiently mindful of investment risks. For the complete “Risk factors and countermeasures”of the Company,please see the relevant section below. ▪Pre-plan of dividend distribution or reserve transfer to equity capital approved for the reporting period by themeeting of the Board of Directors on March26,2026. TheCompanydoesnotplan to distributecashorsharedividends,norplanto transfer capitalreserve to equitycapital. ▪By end of the reporting period, the parent company hadcarried-forward losses.□Applicable√Not applicable ▪This Report and its abstract have been prepared in both Chinese and English. Should there be any discrepanciesbetween the two versions, the Chinese versionshallprevail. 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.........................................................................12Section IV-Corporate Governance, Environment and Social Responsibilities............52Section V-Significant Events.......................................................................................................................77Section VI-Change in Shares & Shareholders................................................................................135Section VII-Corporate Bonds.....................................................................................................................143SectionVIII-Financial Report.....................................................................................................................144 Contents of DocumentsAvailablefor Reference (I) Duly signed Financial Statements by the Legal Representative and Accounting Principal as well as Head of theAccounting Organ. (II)Duly signedAuditor’s Report and sealsthecertified public accountants.(III) Originals of all Company’s documents previously disclosed in media designated by the CSRC as well as the originalsof all the public notices, were deposited in the Company’s office. Definitions In this Report, the following terms have the meaning appearing alongside them, unlessotherwise specified: Section II-Corporate Profile and Financial Results I.CorporateInformation II.ContactInformation III.InformationDisclosure IV.CompanyRegistration andAlteration V.OtherInformation TheAccounting Firm Engaged by the Company Sponsor engaged by the Company to continuously perform its supervisory function during theReporting Period □ Applicable √ Not applicable Financial advisor engaged by the Company to continuously perform its superviso