公告日期：2026-04-30

ADAMA Reports First Quarter 2026 Results

Sales growth with improvement in net profit

BEIJING, CHINA and TEL AVIV, ISRAEL, April 29, 2026 – ADAMA Ltd. (the “Company”) (SZSE
000553), today reported its financial results for the first quarter ended March 31, 2026.

First Quarter 2026 Highlights:

 Sales increased 4% (0.5% in RMB) to $1,037 million, mainly reflecting a 3% increase in volumes
 Adjusted gross profit up 5% to $318 million, with an improvement in gross margin from 30.3%
in Q1 2025 to 30.6% in Q1 2026, reflecting the benefits of higher volumes and improved
business quality

 Reported net profit increased 2.9 times to $82 million vs $21 million in Q1 2025; Adjusted net
profit increased 35% to $59 million from $44 million in Q1 2025

 Adjusted EBITDA amounted to $150 million vs $160 million in Q1 2025

 Operating cash outflow was -$141 million in Q1 2026 vs. -$29 million in Q1 2025

 Free cash outflow was -$139 million in Q1 2026 vs. -$86 million in Q1 2025

Gaël Hili, President and CEO of ADAMA, said "The strong foundation built through our Fight
Forward transformation plan now provides the base for the next phase of our strategy execution,
focused on profitable growth. In the first quarter of 2026, ADAMA delivered sales and gross profit
growth and higher net income, reflecting improved volumes and continued progress in portfolio
quality. At the same time, profitability and cash generation in the quarter were affected by higher
operating expenses and increased working capital, reflecting investments to support growth and
inventory build up to capture recovering market momentum. I remain confident that ADAMA is well
positioned to capture market opportunities and deliver sustainable long-term value for our customers
and investors."

Table 1. Financial Performance Summary

As Reported Adjustments A……
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