Orkla (ORK) AGM 2026 summary

Opening remarks and agenda

• AGM opened by Liselott Kilaas, acting for the Chair due to his absence for medical reasons.

• Meeting held digitally, with practical instructions provided for participation and voting.

• Notice of meeting sent to all shareholders and published online; meeting declared legally convened.

• 77.23% of share capital represented at the meeting.

Financial performance review

• Organic growth reached 3.5% in 2025, with volume growth of 0.9%.

• Underlying EBIT growth was 7% for consolidated portfolio companies; cash conversion rate at 101%.

• Profit before tax was NOK 8.4 billion on revenues of nearly NOK 72 billion; EPS up 13% to NOK 6.8.

• Cash flow from operations was NOK 7.8 billion; CapEx focused on production capacity.

• Buyback program launched for NOK 4 billion; robust balance sheet with net debt/EBITDA at 1.4x.

Board and executive committee updates

• Board composition and attendance introduced; new board members and re-elections proposed.

• Nomination committee explained process for board nominations and highlighted focus on board expertise.