Oatly Group (OTLY) AGM 2025 summary

Opening remarks and agenda

• The meeting was opened by the Chair, with introductions of the CEO, legal advisor, and other key participants.

• Shareholders were informed about the opportunity to vote by post, with 46 shareholders representing 52% of the vote participating.

• The agenda and voting procedures were outlined, and the meeting was broadcast in English for international shareholders.

Corporate governance

• Shoan Panahi was unanimously elected as Chairperson of the AGM.

• The voting list was established based on registered shareholders and postal votes.

• The AGM was confirmed as duly convened, with notice published on the company website and in official publications.

• The number of board members was set at 10, with no deputy members.

• Compensation for directors and auditor fees were approved as proposed.

• Ernst & Young AB was re-elected as auditor for the next term.

Financial performance review

• The auditor presented an unqualified report, confirming compliance with Swedish and U.S. regulations and recommending adoption of the annual report.

• Revenue grew by approximately $100 million since 2022, reaching an all-time high at the end of 2024.

• Gross margin expanded by 18.18 percentage points, and adjusted EBITDA improved by over $230 million.

• Q1 2025 saw record gross profit, margin, adjusted EBITDA, and free cash flow since IPO.