Orion S.A. (OEC) AGM 2026 summary

Opening remarks and agenda

• Meeting opened by the Chairman with all Directors and key executives present, confirming legal compliance and quorum requirements.

• Notice and agenda were published in official Luxembourg channels and sent to shareholders, with teleconference participation enabled.

• Shareholders could submit questions in advance, but none were received.

Financial performance review

• 2025 was a challenging year for the chemical sector, with weak demand in key markets and global trade friction impacting results.

• Adjusted EBITDA reached $248 million and free cash flow was $55 million, reflecting strong working capital management.

• Operational excellence and cost-saving initiatives improved plant reliability and safety, with a top-tier EcoVadis Platinum sustainability rating achieved.

• Fourth quarter 2025 saw stronger-than-expected results, with signs of recovery in 2026 as market indicators improved.

Board and executive committee updates

• All Directors and key executives were present; several Directors were reappointed for terms ending at the 2026 AGM.

• Board remuneration and committee retainers for 2026 were approved.