Teck Resources (TECK) AGM 2026 summary

Opening remarks and agenda

• Introductions of board members and executives, including recognition of Dr. Norman B. Keevil.

• Meeting began with a values message on ending violence against women and girls, especially Indigenous women, aligning with company values and sustainability framework.

• Noted this is likely the last AGM before the merger with Anglo American, marking a significant transition.

Financial performance review

• Returned CAD 1.3 billion to shareholders in 2025 through share buybacks and dividends.

• Achieved adjusted EBITDA of CAD 4.3 billion and profit from continuing operations before taxes of CAD 1.7 billion in 2025.

• Maintained a cash balance of CAD 5 billion and liquidity of CAD 9.1 billion at year-end 2025; Q1 2026 adjusted EBITDA was CAD 2.1 billion, up 125% year-over-year.

Board and executive committee updates

• Eleven directors nominated and introduced; all received at least 97.7% of votes cast for election.

• PricewaterhouseCoopers LLP reappointed as auditor with 97.8% approval.