Imerys (NK) AGM 2026 summary

Opening remarks and agenda

• The meeting was opened with introductions of key executives and board members, confirmation of legal formalities, and appointment of scrutineers for voting.

• The agenda, draft resolutions, and voting procedures were outlined, with all required documents made available to shareholders.

Financial performance review

• 2025 revenue was EUR 3.384 billion, stable year-over-year, with adjusted EBITDA at EUR 546 million, reflecting strong cost control despite adverse forex impacts.

• Net income was negative EUR 409 million, mainly due to a EUR 467 million goodwill impairment in the RAC segment, with no cash impact.

• Free cash flow before strategic CapEx was EUR 127 million; after CapEx, EUR 78 million, with a sound financial structure and confirmed investment-grade rating.

• Q1 2026 showed revenue growth of 0.7% and a 4% increase in adjusted EBITDA at constant exchange rates, driven by volume growth and cost control.

Board and executive committee updates

• Pierre Lebreuil was welcomed as the new CFO, bringing 20 years of experience.

• Johannes Huth and Michael Ogrinz were introduced as new board members, with their appointments ratified during the meeting.

• Annette Messemer and Ian Gallienne stepped down from the board, with acknowledgments for their service.