安道麦B：2026年一季度报告（英文版）

The Company and all members of its board of directors hereby confirm that all informationdisclosed herein is true, accurate and complete with no false or misleading statement ormaterial omission. ADAMA LTD. FIRSTQUARTER REPORT2026 Important Notice The Company’s Board of Directors, directors and senior managers confirm that thecontent of the Report is true, accurate and complete and contains no false statements,misleading presentations or material omissions, and assume joint and several legalliability arising therefrom. GaëlHili, the person leading the Company (President and Chief Executive Officer) aswell as its legal representative, andEfrat Nagar,the person leading the accountingfunctionand the accounting body(Chief Financial Officer), hereby assert and confirmthe truthfulness, accuracy and completeness of thefinancialinformation containedin theReport. TheFirstQuarterReporthasnotbeen audited. Items of qualified opinion by the auditor □Applicable√Not applicable This Reporthasbeenprepared in both Chinese and English. Should there be anydiscrepancy between the two versions, the Chinese version shall prevail. I.Main Financial Data 1.Mainaccounting and financial results Whether the Company performsany retroactive adjustments to,or restatements of,its accounting dataof last year 2.Non-Recurringprofit/loss Unit:RMB’000 Explanation of other profit or lossthat meets the definition of non-recurring profit or loss □Applicable√Not applicable No such cases during the Reporting Period. Explanationof why the Company classified an item asnon-recurringprofit/loss according to the definitionin theFirstExplanatory Announcement on Information Disclosure for Companies Offeringtheir Securitiesto the Public.Non-recurringProfitand Loss,andreclassified anynon-recurringprofit/loss item given asan example in the said explanatory announcement to recurrentprofit/loss □Applicable√Not applicable No such cases during the Reporting Period. 3.Changes in main accounting statement items and financial indicators in the ReportingPeriod, as well as reasons for the changes √Applicable□Not applicable GeneralCropProtectionMarketEnvironment1 Recent geopolitical developments are introducing market volatilities that could prove either transitory orstructural as events unfold, with higher oil prices posing a potential inflationary pressure on the marketand potentially pressuring farmer profitability. Whilechannel demand has rebounded in 2025 and inventory levels have largely returned topre-pandemic norms,in the first quarter of 2026pricing pressures remain elevated due to persistentoversupply and production over-capacity of active ingredients. Crop commodity prices are stabilizing atrelatively low levels but remain sensitive to geopolitical risks, limiting upside for farmer income.As a result,ongoing pressure on farmer profitability continues to drive just-in-time purchasing behavior, even asvolumes normalize across most markets, after growth achieved in the market in 2025. Strategy execution In 2026 ADAMA entered the next phase of its strategy execution, building on the achievements of theFightForward program.With a stronger cost base,better operational efficiency,and enhancedcapabilities, the Company is now focused on driving profitabletop-line growth while continuing to improvebusiness quality. ADAMA aims to deliver this by strengthening commercial capabilities, acceleratingdifferentiated innovation, improving portfolio quality, and shaping atighterand competitive global supplyandmanufacturing network. Geopolitical Situation ADAMA is a global company with manufacturing and formulation facilities in several locations around theworld, principally in Israel, China and Brazil. It is headquartered and has three manufacturing sites inIsrael. Despite regional tensions that have escalated more recently on February 28, 2026, the Company’sIsraeli production sites and supply chain, including ports, continued to operate without significant delaysallowing the Company to support its markets, and ongoing activities. During March and early April 2026, the Company's Neot Hovav site suffered limited and localized damagecaused by falling debris following missile interceptions in the southern region of Israel. No bodily injurieswere reported, and an immediate safety-driven closure of the facilities was carried out, followed by aphased shutdown, also for safety reasons. The Companyinitiatedcomprehensive damage assessments.The direct damage to its core production facilities was not meaningful and was primarily limited to afinished goods warehouse, certain ancillary equipment and systems and an open storage area. Thereafter, the Company undertook certain restoration activities, and as of the date of this release Neot Hovav sitehas mostly returned to normal operational status with the remaining facilities undergoing a safe andorderly repair process, expected to be completed within the next few weeks, with full restoration to optimalproducti