Imerys (NK) AGM 2026 summary

Opening remarks and agenda

• The meeting was opened with introductions of key executives and board members, including the new CFO and candidates for board positions.

• Legal formalities for convening the meeting and shareholder notifications were confirmed, with a quorum achieved.

• The agenda and draft resolutions were presented, with no additional items requested by shareholders.

Financial performance review

• 2025 revenue was EUR 3.4 billion, nearly flat year-over-year, with stable prices but lower volumes.

• Adjusted EBITDA reached EUR 546 million, reflecting strong cost control despite negative currency effects.

• Net income was negative EUR 409 million, mainly due to a EUR 467 million goodwill impairment in the RAC segment.

• Free cash flow before strategic CapEx was EUR 127 million; after CapEx, EUR 78 million.

• Net financial debt increased slightly, but the investment-grade rating was confirmed.

Dividend announcements

• A cash dividend of EUR 0.75 per share was proposed, lower than last year but consistent with a 44-45% payout ratio.

• Dividend policy remains aligned with operating cash flow and financial performance.