An Dowei B: 2026 Q1 Report (English version)

The Company and all members of its board of directors hereby confirm that all informationdisclosed herein is true, accurate and complete with no false or misleading statement or ADAMA LTD. FIRSTQUARTER REPORT2026 Important Notice The Company’s Board of Directors, directors and senior managers confirm that thecontent of the Report is true, accurate and complete and contains no false statements, GaëlHili, the person leading the Company (President and Chief Executive Officer) aswell as its legal representative, andEfrat Nagar,the person leading the accounting TheFirstQuarterReporthasnotbeen audited. Items of qualified opinion by the auditor □Applicable√Not applicable This Reporthasbeenprepared in both Chinese and English. Should there be any I.Main Financial Data 1.Mainaccounting and financial results Whether the Company performsany retroactive adjustments to,or restatements of,its accounting data 2.Non-Recurringprofit/loss Explanationof why the Company classified an item asnon-recurringprofit/loss according to the definitionin theFirstExplanatory Announcement on Information Disclosure for Companies Offeringtheir Securities □Applicable√Not applicableNo such cases during the Reporting Period. 3.Changes in main accounting statement items and financial indicators in the Reporting √Applicable□Not applicable GeneralCropProtectionMarketEnvironment Recent geopolitical developments are introducing market volatilities that could prove either transitory orstructural as events unfold, with higher oil prices posing a potential inflationary pressure on the market Whilechannel demand has rebounded in 2025 and inventory levels have largely returned topre-pandemic norms,in the first quarter of 2026pricing pressures remain elevated due to persistentoversupply and production over-capacity of active ingredients. Crop commodity prices are stabilizing at Strategy execution In 2026 ADAMA entered the next phase of its strategy execution, building on the achievements of theFightForward program.With a stronger cost base,better operational efficiency,and enhancedcapabilities, the Company is now focused on driving profitabletop-line growth while continuing to improve Geopolitical Situation ADAMA is a global company with manufacturing and formulation facilities in several locations around theworld, principally in Israel, China and Brazil. It is headquartered and has three manufacturing sites inIsrael. Despite regional tensions that have escalated more recently on February 28, 2026, the Company’s During March and early April 2026, the Company's Neot Hovav site suffered limited and localized damagecaused by falling debris following missile interceptions in the southern region of Israel. No bodily injurieswere reported, and an immediate safety-driven closure of the facilities was carried out, followed by a the Company undertook certain restoration activities, and as of the date of this release Neot Hovav sitehas mostly returned to normal operational status with the remaining facilities undergoing a safe andorderly repair process, expected to be completed within the next few weeks, with full restoration to optimal Additionally, in respect to changes in global tariff policies, the Company’s management appointed adedicated task force to analyze implications of global tariff policies on ADAMA and its sector, and toclosely monitor and manage the situation and the potential impact on ADAMA’s global network. Despite Note: Since the functional currency of main overseas subsidiaries is the USD, and the Company’s management review ofthe Company’s performance is based on the USD results, following explanations and analysis are based on USD- In this table and all tables in this report numbers may not sum due to rounding. Analysis of Financial Highlights (1)Revenues Revenues in the first quarter increased by approximately 4% (0.5% in RMB;-1% in CER) to $1,037 millioncompared to last year, reflecting 3% increase in volumes and positive foreign exchange impacts, partially In the first quarter, sales increased reflecting higher volumesandimproved demand in the market,supported by new product introductions,while the Company reduced the manufacturing and sale of Europe, Africa & Middle East (EAME):Strong growth in sales led by higher volumes in Europe buildingon the momentum gained in the close out to 2025. Higher sales were achieved following good market North America:In the North AmericaAgmarket, higher sales volume in the first quarter was supportedby good market positioning in a price sensitive marketwith positive momentum on product launches (ex CAZADOTM)and pre-seed presence despite pressured farmer profitability and high competition incommodity products. InConsumer & Professional Solutionsin the first quarter on theConsumer Latin America:InBrazil, sales were slightly lower reflecting amajordecline in market pricing againstthe backdrop of lower farmer profitability and high competition in all segments and especially