Newtree Societe Anonyme · EURONEXT:NEWT
Newtree Societe Anonyme — Newtree Impact — Investor Presentation (January 2026)
46 slides from Newtree Societe Anonyme's investor presentation, Jan 21, 2026
Slide 1: Investors Presentation
Investors Presentation January the 21st 2026 1 This presentation is based on unaudited Q3 accounts and includes the capital structure expected by the end of the financial year.
Slide 2: Agenda
AGENDA Introduction ~ N3I at a Glance | Highlights 2025 | Team 1. Rethinking the Climate Crisis ~ A New Perspective on the Climate Crisis | N3I in Action 2. Market Outlook ~ 25’ Global Projections | Food-Tech lens and Growth Outlook 3. Investments Evolution ~ Over the Years | N3I Portfolio Diversifi
Slide 3: Article 4 Newtree Impact By-Laws: company mission
A R T I C L E 4 N E W T R E E I M PA C T B Y - L A W S « The company’s mission is to make Impact Investing Accessible to everyone, allowing those who choose to become shareholders to contribute to Preserving the planet by reducing the impact of food on Climate and Biodiversity » 3 This presentation
Slide 4: Newtree Impact at a Glance
Newtree Impact at a Glance We are an investment holding FOOD-TECH aligning financial returns with Ingredients & lifestyle and dietary shifts environmental impact. Portfolio examples: Heura Foods, Onego Bio Investing in disruptive Tech AGRI-TECH companies reshaping the future Innovation in agricultur
Slide 5: Highlights FY2025
Highlights FY2025 Market Outlook ⎯ The global agri-food tech market is expected to grow from ~$228bn in 2025 to ~$516bn by 2034, implying a ~9.8% CAGR. ⎯ Regulators are fast-tracking reforms — from FDA colorants to EFSA novel foods — as cost pressures intensify. ⎯ Valuations in 2025 remain highly at
Slide 6: Financial Highlights 2025
Financial Highlights 2025 +€ €1 17 0. 9MM +€2.3M C A P I TA L R A I S E D INVESTED Crowd & Private Placement in 2025 €2.60 +6 ROUND PRICE PA R T I C I PAT I O N S Capital Increase 2025 in 2025 1 1 st +295 CROWDLISTING NEW INVESTORS Across Borders (BE, FR) Via Crowdlisting 2025 6 (1) The FY2025 forec
Slide 7: Team and Governance
Team and Governance MISSION COMMITTEE Mathilde Do Chi Valentine Papeians Hugues de Meulemeester Etienne de Callataÿ Regulatory Expert ESG Professional in Food Environmental Expert Economist Nathalie Peeters Investor Relations Manager & Sec. General M.C OPERATIONAL Abhishek Anand Lisa Colombo TBD Jea
Slide 8: 1. Rethinking the Climate Crisis
1. Rethinking the Climate Crisis 9 This presentation is based on unaudited Q3 accounts and includes the capital structure expected by the end of the financial year.
Slide 9: The World is Moving: food system on the global climate agenda
T H E F O O D S Y S T E M I S O F F I C I A L LY O N T H E G L O B A L C L I M AT E A G E N D A TThe HE WWorld O R L DisI S MOVING moving R E G U L AT I O N I S Food security now frames as national security issue by G20-25’ C AT C H I N G U P C A P I TA L M U S T Environmental impact has become a re
Slide 10: Regulations are Transforming the Food Industry at Every Stage
R E G U L AT I O N S A R E T R A N S F O R M I N G T H E F O O D I N D U S T R Y AT E V E R Y S TA G E O F T H E C H A I N EU Deforestation Regulation (EUDR) Bans certain commodities (soy, cocoa, palm oil, cattle, coffee, rubber, wood) linked to deforestation from the EU market as of 30.12.2025. US
Slide 11: Companies That Don't Adapt, Pay Twice – in Cash & in Risk
C O M P A N I E S T H A T D O N ’ T A D A P T, P A Y T W I C E – I N C A S H & I N R I S K FOOD INDUSTRY VALUE €9.7t # 1ST EMPLOYER P e r Ye a r The food and drink industry is the biggest employer in manufacturing in numerous countries H I D D E N C O S T S TO D AY > C O R R E S P O N D I N G TO 1 0
Slide 12: The Food Supply is Under Strain Leading to an Economic Shift
T H E F O O D S U P P LY I S U N D E R S T R A I N L E A D I N G T O A N E C O N O M I C S H I F T From the start of the Climate Risk is now Operational Risk Farmers Face Input Cost Volatility supply chain 2023 olive oil production collapse → global Fertiliser prices +120% (2021–23) & above Pre- sho
Slide 13: Every Stage of the Food Chain Holds Scalable Business Opportunities
E V E R Y S TA G E O F T H E F O O D C H A I N H O L D S S C A L A B L E , P R O F I TA B L E B U S I N E S S O P P O R T U N I T I E S Climate Risk is now Operational Risk Farmers Face Input Cost Volatility Cuts dependence on Lowers input costs and climate-sensitive ingredients improves soil Health
Slide 14: 2. Market Outlook
2. Market Outlook 15 Sources: ALGAMA This presentation is based on unaudited Q3 accounts and includes the capital structure expected by the end of the financial year.
Slide 15: 25' Global Projections
25’ Global Projections In Billions (USD) 20 Key Insights 18 16 - Global funding down by 77% & EU funding by 72% . - Capital concentrated in fewer, higher-quality deals. - Lack of exits → investors label Tech as “too risky”, 14 reducing appetite for new deals . - Capital shifts upstream: Ag biotech,
Slide 16: Same Funding Headwinds as Global Tech
Same Funding Headwinds as Global Tech 800 -2025 global projection: $10–11Bn total funding — back 700 $670 to 2015 levels. - Lack of exits → investors label Agri-Food Tech as “too risky”, reducing appetite for new deals 600 - Europe Food-Tech 2023: €4.5B raised 31% vs. 2022 (only 75% Decline strong b
Slide 17: Long-Term Growth Outlook has Never been Stronger
Long-Term Growth Outlook has Never been Stronger Headwinds & Tailwinds Food-Tech Market Size: 9.8 % CAGR until 2034 - 2025 global projection: $10–11Bn total funding — back toMandatory 2015 levels. traceability & sustainability $516 B - → structural Lack of exits → demand for ag-tech investors label
Slide 18: 3. Investments Evolution
3. Investments Evolution 19 Sources: Perfat Technologies This presentation is based on unaudited Q3 accounts and includes the capital structure expected by the end of the financial year.
Slide 19: N3I Since Inception: Global Portfolio across 13 Countries
N3I l Since Inception: Global Portfolio across 13 Countries Capital Invested % Geography Stage Sector Vintage 6% 25% 27% 25% 29% 71% 38% 13% 14% 75% 48% 27% Funds Food Tech 4 years Series-A/(Seed) Agri Tech 3 years 2% Growth/Series B/Pre-IPO 1-2 years < 1 year 20 Please note that the percentages dis
Slide 20: Investments over the Years
Investments over the Years 2020 2021 2022 2023 2024 2025 NEW lines €2.0M €2.0M €3.7M €3.1M €4.3M €2.3M ⎯ Inception of N3I ⎯ 2 Food-tech Funds ⎯ Cubiq Foods ⎯ CropX ⎯ Clay Capital ⎯ Perfat Technologies ⎯ Aqua-Spark ⎯ Aqua-Spark ⎯ Atomo Coffee ⎯ Heura Foods ⎯ OnegoBio ⎯ 1 direct Ag Tech line 1 ⎯ Prote
Slide 21: Investments Sustained Pace
Investments Sustained Pace 20,000,000.00 48 €17.4M 44 18,000,000.00 16,000,000.00 ⎯ Sustained pace of 24 investments in 5 years 40 ⎯ Cumulated (Re)Investments increased by 54% compared with FY2024 €15.0M 37 36 14,000,000.00 32 12,000,000.00 €10.7M 28 10,000,000.00 24 24 24 €7.6M 20 8,000,000.00 18 1
Slide 22: Diversification is our Strength
Diversification is our Strength NEW F5&6 LINE F2 88% of our participations is revenues generating 1%2% 2% 6 2% 14% 2% 2% F3 3% 5 3% Number of companies 3% NEW 10% LINE 3% Expected ‘26 EBITDA+ 4% 3 Snapshot of capital invested (%) 4% 8% 2 F4 5% 8% 5% 6% 7% 6% No Early Commercial Scaling F1 23 Capital
Slide 23: Investment Trends weaken, Newtree Impact grows Stronger
Investment Trends weaken, Newtree Impact grows Stronger ⎯ Benefiting from advantageous prices as the investment offer remains steady € 9.8 ⎯ Growing investment activity of our holding € 6.5 F3 F7 € 4.8 € 4.5 F6 F1&2 F5 F4 € 2.7 2 NEW DIRECT LINES 2021 2022 2023 2024 2025 24 EU Agri-Food Tech Investm
Slide 24: 4. Portfolio Insights
4. Portfolio Insights 25 Sources: ALGAMA This presentation is based on unaudited Q3 accounts and includes the capital structure expected by the end of the financial year.
Slide 25: New Portfolio Companies: Q3-Q4 2025
New Portfolio Companies: Q3-Q4 2025 Direct Participations UPCOMING – Pending closing Food Tech AgTech1 Food Tech 600K committed, 480K invested 344K invested 750K committed Finland, Q3 2025 France/USA, Q4 2025 France, Q4 2025 Indirect Participations CLOSING – Pending Commitment Alt. Nutrition Solutio
Slide 26: Perfat: Alternative Fats Solutions via Oleogels
Perfat: Alternative Fats Solutions via Oleogels Mission & Vision: Alternative Fats Solutions via Oleogels — Spin-off from Helsinki university in 2023, developing patented, scalable Oleogel technology. — Clean-label fat alternatives replacing saturated and tropical fats with superior functionality. —
Slide 27: Participations' Follow-ons: FY2025
Participations’ Follow-ons: FY2025 Q3-Q4 2025 New Follow-ons Key Reasons Investment: 140K (Dec 25) Key Reasons Investment: 100K (Sep 25) — Strong product development — Bridge round to fund runway to Series B — High value distribution deal secured with Lallemand — 5x production scale-up (800 → 4,000
Slide 28: Newtree Impact Portfolio Companies: Direct lines
Newtree Impact Portfolio Companies 16 Direct lines Newtree Group Proteon Pharma Protix Cubiq Foods Atomo Coffee Algama Evodiabio 2021 2021 2021 2022 2022 2022 2022 Disruptive food Bacteriophage Insect-based feed Alternative Alternative Microalgae eggs Precision – fermented platform for ABR* innovati
Slide 29: Newtree Impact Portfolio Companies: Indirect lines
Newtree Impact Portfolio Companies 8 Indirect lines F1-2 F3 F4 F5 F6 F7 Aqua Spark Fund 1 & 2 Fund 3 Fund 4 Fund 5 Fund 6 Fund 7 2021 2021 2022 2024 2025 2025 2025/26 Aquaculture holding Alt. nutrition solutions Agri-Tech themes Agri-food Tech themes Alt. nutrition solutions Food & Ag Tech Fund Food
Slide 30: 2025 Notable Portfolio Events
2025 Notable Portfolio Events September 2025 January 21, 2025 Onego Bio received FDA GRAS EvodiaBio partnership with approval. Lallemand Brewing announced. September 2025 July 2025 CropX Technologies acquired Protix moved into final phase of Acclym (formerly Agritask). their TyPro JV with Tyson. Sep
Slide 31: 5. Financials
5. Financials 32 This presentation is based on unaudited Q3 accounts and includes the capital structure expected by the end of the financial year.
Slide 32: Balance Sheet – As of 30/09/25, Belgian GAAP
Balance Sheet – As of 30/09/25, Belgian GAAP €k Financial Summary Q3 2025 FY 2024 Q3 2025 FY 2024 Net Asset Value (€Mn) 17,7 18,8 Equity 19,9 19,9 NAV Per share (€) 1,97 2,09 Investments 15,2 13,6 Balance Sheet ASSETS Q3 2025 FY 2024 LIABILITIES Q3 2025 FY 2024 Cash & Cash Equivalents 1,595 3,615 Pa
Slide 33: Income Statement – As of 30/09/2025, Belgian GAAP
Q4 Income Statement – As of 30/09/2025, Belgian GAAP €k Income Statement note that there is no outstanding debt Q3 2025 FY 2024 REVENUES Revenues 20 5 Total 20 5 GROSS PROFIT 20 5 OPERATING EXPENSES Office Rent/Supplies -20 -26 Key Metrics (€m)note that there Salaries -295 -355 Q3 2025 2024 2023 202
Slide 34: The NAV per Share: €1.97 as of September 30th
The NAV per Share: € 1,97 as of September 30th 1.4M 5.4M 18.8M -1.4M -0.5M 17.7M -0.5M -0.3M 1 -0.3M 1.0M 13.9M 4.3M -0.3M 4.1M 0.3M 8.9M -0.2M 2.4M 0.1M 4.6M -0.2M 2.3M €1.5 €1.6 €1.9 €2.2 €2.1 €1.9 31/12/20 31/12/21 31/12/22 31/12/23 31/12/24 30/09/2025 Capital Raise Reevaluations OPEX NAV NAV/sha
Slide 35: Capital Increase 2025
Capital Increase 2025 € 10M Private Placement Operation Anchored & Supported by: and others! € 8.7M Crowdlisting Operation Anchored & Supported by: € 1.3M Capital Increase 2025 36 This presentation is based on unaudited Q3 accounts and includes the capital structure expected by the end of the financ
Slide 36: Capital Structure
Capital Structure Pre-Capital Increase Post-Capital Increase 8.973.274 Shares 12.819.428 Shares 9% 10% 6% 4% 6% 43% 12% 8% 51% June December Post-Market Cap. 2025 2025 12% €33,3Mios 12% 10% 18% 13% Float Float Founders Founders Whitestone Group SFPIM Spinnova Wallonie Entreprendre Noshaq Whitestone
Slide 37: 6. Operations & Mission
6. Operations & Mission 38 Sources: ALGAMA This presentation is based on unaudited Q3 accounts and includes the capital structure expected by the end of the financial year.
Slide 38: Crowdlisting 2025 edition: Bigger & Bolder
Crowdlisting 2025 edition: Bigger & Bolder 3 Partner platforms opening impact investing accross borders I Lita I Ecco Nova I Spreds New Investors, further expanding Newtree +295 Impact’s community €1.3M Collected from our community of investors 39 This presentation is based on unaudited Q3 accounts
Slide 39: Impact Report 2025
Impact Report 2025 Grounded in scientific rigor, this edition follows the IRIS+ methodology and uses the planetary boundaries framework as its compass — ensuring that every investment is assessed through a lens of ecological balance and long-term resilience. 40 Find the full impact report here This
Slide 40: Impact Report 2025
Impact Report 2025 Grounded in scientific rigor, this edition follows the IRIS+ methodology and uses the planetary boundaries framework as its compass — ensuring that every investment is assessed through a lens of ecological balance and long-term resilience. 41 Find the full impact report here This
Slide 41: 7. What's Next
7. What’s Next 42 Sources: PROTIX This presentation is based on unaudited Q3 accounts and includes the capital structure expected by the end of the financial year.
Slide 42: What's Next?
What’s Next? Upcoming Objectives ⎯ Extension of the team – looking for an Investment Manager. ⎯ Reinforcement and monitoring of our existing stakes. ⎯ Strengthen diversification via agri-tech & food waste investments. ⎯ Growing our investors community to become a reference in the sector. ⎯ Accelerat
Slide 43: Networking & Tasting Session
Networking & Tasting Session ~ Caesar-style Verrine with Heura Plant-based Fillet ~ Baby greens verrine with sweet potato tataki and spicy mayo ~ Focaccia with mushrooms and mozzarella (Hot) ~ Fregola sarda with roasted pumpkin and Heura plant-based chorizo (Hot) ~ Seasonal Dip, Crudités and Grissin
Slide 44: Thank you
Thank you Investors contact: B e n o î t d e B r u y n – F o u n d e r & C E O : + 3 2 4 7 6 7 5 0 3 3 7 , benoit@newtreeimpact.com N a t h a l i e P e e t e r s – I n v e s t o r R e l a t i o n s M a n a g e r : nathalie@newtreeimpact.com w w w. n ew t re e i m p a c t . co m This presentation is
Slide 45: Summary. Terms & Structure
Summary. Terms & Structure — Investment in Disruptive Food-Tech companies providing solutions to fight Climate Change — Approach Series A, Opportunistic Late Stage, Equity Listed and Funds — ESG positioning Impact Investor — Geographic focus Europe, United States and Israel — Investment horizon Hold
Slide 46: This presentation is based on unaudited Q3 accounts and includes the capital structure expected
47 47 This presentation is based on unaudited Q3 accounts and includes the capital structure expected by the end of the financial year.
Newtree Impact — Investor Presentation (January 2026) on 6ix