Case.Dear shareholders, colleagues, customers, and partners,

In these challenging macroeconomic conditions, uncertainty around tariffs, and geopolitical unrest, we saw softer demand across regions and industries. Despite these, we have focused on keeping IMCD well positioned for future organic growth. In particular, we stabilised our revenue and free cash flow, completed seven acquisitions across segments and regions, invested further in our digital ecosystem, and opened six new or upgraded laboratories in high potential markets.

We are confident in our asset‑light business model, which enables us to stay flexible and adaptable to market needs. This is reinforced by our focus on customer centricity and supplier expansion, adaptable portfolio, technical expertise, geographic and market diversity, and advanced digital and supply chain capabilities. We continue to invest in the tools that offer value to our customers and suppliers and are focused on bringing our profit indicators back to historical levels.

Winning together as a team

Our strategy remains decisively anchored in six key pillars, each supporting our stakeholders towards growing and succeeding in their markets: people, portfolio, commercial, operational, digital excellence, and sustainability. We continuously translate these pillars into action, strengthening our capabilities and competitive edge:

IMCD is pursuing our 20+ years of a decisive digital journey, simplifying and automating business processes, aiming to continuously enhance efficiency and customer experience. In 2025, we completed the launch of our SalesAssistant online platform, allowing instant 24/7 access to product and formulation information for our customer-facing teams. The tool will help increase our service levels and cross-sell rate. The platform, like other digital tools we implement, is leveraging our integrated enterprise resource planning (ERP) and customer relationship management (CRM) systems, AI-enabled tools, and MyIMCD customer platform.
Our acquisition strategy also remained strong, with seven companies joining IMCD to reinforce our presence across a range of geographies and markets.
We confirmed our sustainability commitment through our committing to set up near-term emissions reduction targets under the Science Based Targets initiative (SBTi), and with external recognition such as the Platinum rating by EcoVadis.
Behind every success are our people. We continue growing our leaders from within through our Rising Leaders and learning and development programmes. In 2025, our people completed more than 175,000 hours of learning, leading to a 57% increase in training hours per employee compared to 2024.

We are confident in our asset‑light business model, which enables us to stay flexible, adaptable, and responsive to market needs. This is reinforced by our focus on customer centricity and supplier expansion, adaptable portfolio, technical expertise, geographic and market diversity, and our advanced digital and supply‑chain capabilities.

I want to take this opportunity to express my deep appreciation to all our colleagues, both new and longstanding, for their dedication and hard work. Their expertise, passion, and entrepreneurial spirit are the driving force behind IMCD's success. Going forward, our focus remains on creating longterm value for our customers, suppliers, employees, and shareholders. I thank you for your continued trust and support.

Rotterdam,

Marcus Jordan

Chief Executive Officer