Olam Group VC2

Blank cells (no printed value) are shown as empty strings; finance costs/income, profit before tax, taxation and profit are not allocated to OFI/Remaining columns, so values listed start at the Total continuing operations column (2025).

Olam Agri (excluding Retained Entities) is reclassified as held for sale / discontinuing operations (Note 26); retained entities are in Remaining Olam Group. 2024 columns re-presented.

Segment results, assets and liabilities include items directly attributable to a segment as well as those allocated on a reasonable basis. Group financing and income tax are not allocated to operating segments.

1. Exceptional items (Group, $'000, 2025/2024): write-off of PPE and intangible assets (27,200)/(45,716); re-organisation costs (9,632)/(21,475); business restructuring costs (16,229)/(77,651); from continuing operations (53,061)/(144,842); from discontinuing operations (13,550)/(13,297); total (66,611)/(158,139). Finance costs of $1,162,319,000 include an exceptional item of $394,000 relating to the Re-organisation.

Unallocated rows only print values from the Subtotal column onward; earlier cells left blank. Unlabelled total-assets (26,540,547; 45,225,684; 12,401,943; –; 38,942,490; 45,225,684) and total-liabilities (21,444,790; 37,906,908; 10,331,288; –; 31,776,078; 37,906,908) lines are printed but not extracted.

2. Unallocated assets, Group $'000 2025/2024: cash and bank balances 1,916,762/3,064,681; deposits 264,232/264,993; other current/non-current assets 559,911/1,247,341; assets of disposal group held for sale 1,973,734/–; deferred tax assets 363,284/520,085; total 5,077,923/5,097,100.

3. Unallocated liabilities, Group $'000 2025/2024: borrowings 14,435,257/21,980,033; lease liabilities 974,416/1,114,760; deferred tax liabilities 276,424/491,754; other current/non-current liabilities 416,087/692,184; liabilities of disposal group held for sale 7,365,721/–; provision for taxation 177,067/290,105; total 23,644,972/24,568,836.

Turnover by geographical segment is based on location of customers regardless of where goods are produced. Unlabelled subtotal line (6,118,685 5,161,331 2,292,009 1,814,239 13,127,724 9,827,705 8,359,156 6,503,325 (297,703) (319,209) 29,599,871 22,987,391 37,687,835 33,171,101 67,287,706 56,158,492) not extracted.

Within Asia, Middle East and Australia and Americas, sales to external customers of $9,984.9 million (2024: $8,187.4 million) and $6,325.7 million (2024: $5,499.9 million) were from China/Hong Kong and USA respectively. Singapore sales to external customers $5,962.2 million (2024: $4,666.8 million). No other single country accounted for 10% or more of Group revenue. No single customer accounted for more than 10% of turnover.

4. Non-current assets mainly relate to property, plant and equipment, intangible assets, right-of-use assets, biological assets, investments in joint ventures and associates and long-term investments. Assets and capital expenditure are attributed to the location of the assets.

Within Africa and Americas, non-current assets of $1,659.5million (2024: $1,605.9 million) Gabon, $1,278.2million (2024: $1,348.2 million) Nigeria and $2,498.4 million (2024: $2,598.4 million) USA; Singapore subsidiaries $558.9 million (2024: $939.9 million).

Bank loans and overdrafts of subsidiaries are repayable within 12 months and bear interest from 0.06% to 24.03% (2024: 0.001% to 30.98%) per annum. Bank loans include $67,055,000 (2024: $30,907,000) secured by assets of subsidiary companies; the remaining bank loans are unsecured.

Term loans from banks bear fixed and floating rates ranging 0.06% to 10.50% (2024: 0.06% to 29.50%) per annum, repayable between one to thirteen years (2024: one to fourteen years). Term loans include $55,894,000 (2024: $45,007,000) secured by assets of subsidiary companies; the remainder unsecured.

Lease liabilities bear interest ranging from 3.48% to 15.30% (2024: 3.00% to 12.75%) per annum and are repayable between 1 and 35 years (2024: 1 and 36 years). Lease liabilities include variable rent payments of $294,771,000 (2024: $298,141,000).

The EMTN programme is US$5,000,000,000 and unsecured.

Borrowings of $6,719,838 thousand and lease liabilities of $155,019 thousand of Olam Agri were reclassified to liabilities directly associated with disposal group held for sale (Note 26) and are not in the 2025 figures above.

Borrowings denominated in currencies other than functional currencies of Group companies.

Maturity year is printed in a separate Maturity column between the label and the 2025/2024 values; it is shown in each row's section. EMTN programme of US$5,000,000,000 is unsecured. Subtotals: current 847,242 / 129,006; non-current 660,802 / 1,562,867.