Oatly Group (OTLY) AGM 2026 summary

Opening remarks and agenda

• The meeting was opened by the Chairperson, with introductions of the CEO, legal advisors, and auditor present at the podium.

• Shareholders were informed about the voting process, with 264 shareholders representing about 50% of the vote participating via postal vote.

• The agenda and voting procedures were confirmed, with all proposals to be approved based on postal votes already received.

Financial performance review

• Revenue grew by 19% ($140 million) from 2022 to an all-time high of $862 million at the end of 2025.

• Adjusted EBITDA improved by SEK 275 million and free cash flow by SEK 436 million over the same period.

• Q1 2026 revenue increased by 15.6% (8.1% in constant currency), with gross margin at 33.4% and adjusted EBITDA at +SEK 5 million.

• Q1 2026 cash flow was -SEK 11.7 million, an improvement of SEK 8.8 million versus last year.

• The business plan remains fully funded, with a focus on achieving structurally positive free cash flow.

Board and executive committee updates

• Martin Brok was elected as the new Chairperson of the Board until the 2029 AGM, succeeding Eric Melloul.

• Eric Melloul and Stefan Descheemaeker were elected as ordinary board members until the 2029 AGM.

• The number of board members was set at 10, without deputy members.