Orkla (ORK) AGM 2026 summary

Opening remarks and agenda

• The meeting was opened by Liselott Kilaas, acting on behalf of the Chair, with practical information provided for the digital format and confirmation of legal convening and quorum at 77.23% of share capital represented.

Financial performance review

• Organic growth reached 3.5% in 2025, with volume growth of 0.9% and underlying EBIT growth of 7%.

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

• Cash flow from operations was NOK 7.8 billion, with stable cash flow before capital allocation at NOK 6.9 billion.

• CapEx focused on expanding production in Snacks and Food Ingredients; robust balance sheet with net debt/EBITDA at 1.4x.

• Sustainability highlights include a 66% reduction in Scope 1 and 2 emissions since 2016 and increased renewable energy use to 54%.

Board and executive committee updates

• Two new board members, Christer Kjos and Susanna Campbell, were elected; five members re-elected.

• Stein Erik Hagen was re-elected as Chair of the Board.

• Nomination Committee members and chair were re-elected for two-year terms.