Akzo Nobel (AKZA) AGM 2026 summary

Opening remarks and agenda

• Meeting opened by the Supervisory Board Chair, with all board and executive members present and voting procedures explained.

• Shareholders could participate in person or virtually, with questions allowed via microphone or chat.

• The agenda and meeting notice were published in advance, confirming the meeting's legal validity.

Financial performance review

• Efficiency programs delivered EUR 200 million in savings, with SG&A program completed and industrial transformation on track.

• Adjusted EBITDA margin expanded to 14.2%, and free cash flow rose to over EUR 600 million, up 65% year-over-year.

• Sale of India business generated EUR 900 million at a 25x EBITDA multiple; portfolio review in Southeast Asia ongoing.

• Emissions reduced 47% in operations, renewable electricity at 69%, and circular material use improved to 75%.

• Return on investment increased from 9.8% to 13.5%; net debt reduced below EUR 3 billion, leverage at 2x EBITDA.

Board and executive committee updates

• No salary increases for CEO and CFO in 2025; CEO salary at EUR 1,290,000, CFO at EUR 830,000.

• Board composition clarified as seven members after recent departures.

• CFO Maarten de Vries reappointed with a one-time EUR 750,000 retention payment due to the merger process.