Rubis (RUI) AGM 2025 summary

Opening remarks and agenda

• The meeting was held on 12 June 2025, opened with thanks to shareholders, introduction of key executives, confirmation of legal formalities, and quorum at 62.92% attendance.

• The agenda included strategy highlights, financial results, sustainability, governance, auditor reports, Q&A, and voting on resolutions.

Financial performance review

• 2024 saw 5% volume growth, operating cash flow of EUR 665 million (+18%), and net income group share of EUR 342 million.

• EBITDA reached EUR 721 million, down 3% from 2023 but within guidance and among the best years in company history.

• Net debt leverage maintained at 1.4x EBITDA, with EUR 320 million available cash flow after investments.

• Dividend of EUR 2.03 per share proposed, plus an exceptional EUR 0.75, totaling EUR 2.78 per share for 2024.

• 2025 outlook: EBITDA between EUR 710 million and EUR 760 million, stable LPG in Europe, accelerated renewables, and growth in Africa and the Caribbean.

Board and executive committee updates

• Succession plan: two new managing partners, Jean-Christian Bergeron and Marc Jacquot, to take effect October 2025, with full board support.

• Supervisory Board activity increased, with 11 meetings in 2024 and a proposed expansion to 14 members, 93% independent and 43% female representation post-2025 AGM.

• Several board renewals and new appointments, including members with expertise in sustainability, M&A, and energy.