Atria Oyj : 2025 Atria's year

About this update from Atria Oyj Class A

ATRIA'S YEAR 2025 ATRIA'S YEAR 2025 BOARD OF DIRECTORS' REPORT, SUSTAINABILITY STATEMENT AND FINANCIAL STATEMENTS 2025 GOVERNANCE 2025 p. 50 Atria launched 208 new products Atria is investin g over 80 millio n euros in th e modernisatio n and energ y efficiency of it s convenience foo d production p. 21 ‌CONTENTS ATRIA 2025 3 Atria in brief 4 CEO's review 6 Financial development 8 Highlights of the year 10 Atria's value chain 12 ATRIA'S DIRECTION 13 Food market trends 14 Consumer behaviour 15 Strategy 17 Sustainability as a part of strategy 24 Atria as an employer 27 BUSINESS AREAS 29 Atria Finland 31 Atria Sweden 37 Atria Denmark & Estonia 41 RESEARCH AND DEVELOPMENT 48 INVESTOR INFORMATION 51 Atria as an investment 52 Contacts 56 This part of the Annual Report in PDF format is not an xHTML document compliant with the ESEF (European Single Electronic Format) regulation. The Board of Directors' report, Sustainability Statement and Financial Statements 2025 in accordance with ESEF regulations are available electronically as an xHTML document in Finnish language at atria.com/sijoittajat/taloustieto/vuosikertomukset At ria announced it s new strateg y for 2025- 2030: p. 17 Atria's Annual Report 2025 consists of three parts: Atria's year 2025 Board of Directors' Report, Sustainability Statement and Financial Statements 2025 Governance 2025 All parts are found on Atria's website: ATRIA.COM CONTENT ATRIA 2025 Atria in brief CEO's review Financial development Highlights of the year Atria 's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strateg y Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts ATRIA 2025 ATRIA'S YEAR 2025 3 ATRIA 2025 Atria in brief CONTENT ATRIA 2025 CEO's review Financial development Highlights of the year Atria's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strateg y Sustainability as a part of strategy ATRIA 2025 ATRIA'S YEAR 2025 4 ATRIA IN BRIEF WINNING NORTHERN EUROPEAN FOOD COMPANY Atria is one of the leading food companies in Northern Europe. We are a company established in 1903 and valued by our customers, personnel and owners. Atria was listed on the Helsinki Stock Exchange in 1991. Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts We have been producing food for people for 120 years and want to keep doing so. That is why we act with respect for the environment, society, people and food. In 2025, Atria announced its new strategy for 2025-2030. The name of the strategy is TOGETHER 2030. The new strategy highlights the importance of working together to achieve our vision - to be the Winning Northern European Food Company. Atria's strategy focuses on ensuring the competitiveness of our core business, allocating investments and resources to rapidly growing product categories, increasing cross-border cooperation to exploit economies of scale and renewing ourselves to meet future needs. Our main product, Good Food, creates a better mood and sustainable value for all our stakeholders. In 2025, our net sales were EUR 1,813.7 million, and Atria employed 3,785 food professionals in Finland, Sweden, Denmark and Estonia. The key element of Atria's good competitiveness and profitable growth is the company's strong market position in various business areas and strong local organisations. In the main product categories we represent, we are the market leader or a strong second. Atria's position in the market is also strengthened by its valued brands. Atria Finland's leading brand is Atria, one of the best-known and most valuable food brands in Finland. In Sweden, Atria's best-known brands are Lönneberga, Sibylla, Lithells, Ridderheims and Gooh!. In Denmark, Atria produces cold cuts under the 3-Stjernet and Aalbaek brands. In Estonia, Atria's Maks & Moorits meat products were voted Estonia's best-known meat product brand. Sustainable business is an integral part of Atria's strategy, business and daily work. It covers the entire value chain - from family farms to dining tables. It means taking environmental and social issues into account and promoting them in ever closer cooperation with our supply chain partners and customers. Atria wants to enable consumers and customers to make sustainable choices and promote the wellbeing of the environment and people. Atria has production plants in Finland, Sweden, Denmark and Estonia. In addition, Atria exports its products to 25 countries. The main export countries are South Korea, Denmark, China, Sweden, the Baltic countries and Japan. Pietarsaari Seinäjoki/Nurmo Atria in brief CONTENT ATRIA 2025 CEO's review Financial development Highlights of the year ATRIA 2025 ATRIA'S YEAR 2025 5 KEY FIGURES Atria's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strateg y Sustainability as a part of strategy Atria as an employer NET SALES, EUR MILLION 1,813.7 (2024: EUR 1,755.4 million) ADJUSTED EBIT, EUR MILLION 69.9 (EUR 65.4 million) PERSONNEL, FTE 3,785 (3,864) NUMBER OF NEW PRODUCTS 208 (213) NET SALES BY BUSINESS AREA, EUR MILLION 124.8 392.7 BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT DIVIDEND PER SHARE, TOTAL* 0.75 (0.69) NUMBER OF ATRIA'S CONTRACT FARMS 3,800 SCOPE 1 & 2 EMISSIONS REDUCED FROM 2020 LEVEL 28.5% Atria Finland Atria Sweden Atria Denmark & Estonia 1,319.6 INVESTOR INFORMATION Atria as an investment Contacts *Board proposal to the Annual General Meeting ACCIDENT FREQUENCY RATE 10 (14) THE SHARE OF DOMESTIC MEAT IN FINLAND 100% PERSONNEL BY BUSINESS AREA, FTE 442 880 2,463 EXPORTS TO 25 countries (25) Atria Finland Atria Sweden Atria Denmark & Estonia CONTENT ATRIA 2025 Atria in brief ATRIA 2025 ATRIA'S YEAR 2025 6 CEO's review Financial development Highlights of the year Atria 's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour A record-breaking year despite challenges - together The year 2025 was exceptionally strong for Atria. We started the year from an excellent position: we had the highest adjusted operating profit in the company's history, a strengthened return on equity and a healthy financial position. Strategy Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts However, we knew that the market environment was going to be challenging and prepared ourselves for several risks such as economic and geopolitical uncertainties, the erosion of consumer confidence, the effects of changes in nutrition recommendations, labour market disturbances, tariff changes, and animal diseases. Most of the risks materialised, but we still achieved a historically good result. Systematic development driving growth and profitability The Group's net sales grew by nearly EUR 60 million from the previous year. Although the early part of the year was challenging, demand picked up significantly in the third quarter. The performance of Atria Sweden was particularly strong, driving the general improvement in performance. Sales growth, successful commercial measures and the strong performance of Gooh! convenience food products significantly increased Atria Sweden's net sales and profit. Projects carried out as part of the Profitable Growth Plan programme have produced significant and measurable results. Atria Finland's development took a positive turn despite the difficult start of the year. Atria Finland has been able to significantly improve the efficiency of its poultry production thanks to the new plant and the centralisation of production, which was reflected in an improved result compared with the previous year. Atria Estonia faced production challenges due to African swine fever, but the strong Maks & Moorits brand, successful marketing, and growth in retail sales strengthened its market share and net sales. The efficiency measures implemented at Atria Denmark strengthened the result, improved productivity and increased financial sustainability. During the year, we also made progress in many strategic investment projects. The Convenience Food Factory of the Future in Nurmo proceeded as planned, representing a total investment of approximately EUR 110 million. In addition, the EUR 16 million modernisation project in Kauhajoki and the EUR 23 million investment in meat products in Sköllersta in Sweden will strengthen our long-term competitiveness and support our strategic priorities: optimising our core business and accelerating growth. Investments accelerate emissions reductions Reducing greenhouse gas emissions is a key element of our sustainability work throughout the food chain. In 2025, we made significant progress, especially in improving energy quality and efficiency in our own operations. The solutions related to the energy efficiency of the Nurmo convenience food factory, as well as the green transition support received, demonstrate that competitiveness and the reduction of climate impact can go hand in hand successfully. Investments made during the year - such as in heat recovery at the poultry plant and electric boiler solutions - support energy efficiency and emissions reductions in the long term. In the supply chain, we focused on reducing emissions from primary production by developing the carbon footprint calculation of beef, pork and poultry production, as well as increasing the use of domestically produced proteins in feed. The bioenergy cooperation in Nurmo and the biogas plant under preparation are key solutions that enable emissions reductions at the farm level. CONTINUED → CONTENT ATRIA 2025 Atria in brief ATRIA 2025 ATRIA'S YEAR 2025 7 CEO's review Financial development Highlights of the year Atria 's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strateg y Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts New strategy: TOGETHER 2030 One of our most significant achievements during the year under review was the development and publication of our new strategy. The strategy work was carried out in close cooperation with the management teams and personnel in our countries of operation to ensure that the final result truly reflects the views of the entire Atria community. Our new strategy TOGETHER 2030 is built on a strong foundation, and its core is crystallised in four key strategic actions: Grow and Optimise Core Business Accelerate Development in Growing Categories (Poultry and Convenience Foods) Collaborate to Grow and Scale Our Operations Renew for the Future We invest in people, competence development and communication As the name of our strategy, TOGETHER 2030, indicates, people and working together are at the heart of our operations and Atria's key strength. I am therefore glad that employee engagement was particularly high in 2025: the response rate to the personnel survey went up considerably, brand recommendation reached 85 percent, and the engagement index improved significantly. This shows that our employees are willing to build Atria together and have faith in our shared direction. We continue to invest in competence development. The Atria Growth Engine programme, which focuses on developing innovation competence, and the Pathfinder programme on artificial intelligence are examples of how we are building new capabilities in all our operating countries and at all organisational levels. Commercial AI-related tools and the development of product-category management also offer tangible support to our next growth leaps. KAI GYLLSTRÖM CEO Strengthening communication has also been an important part of strategy implementation. During the autumn, we have been active in various channels, and the results are clear: our reputation improved to the highest level in recorded history, and brand images have strengthened. This builds trust among customers, producers and investors alike. It has been encouraging to note that Atria is seen as a stronger player in all our markets. Towards a stronger, more sustainable and unified Atria The year 2026 is the first year when the new strategy will be put into practice. We are building on a strong foundation and are making determined progress in strategic projects. The direction is clear, and our goal is to produce good food every day while building a stronger, more sustainable and more unified Atria. I would like to warmly thank all Atria employees, customers, producers, partners and investors for their cooperation and trust. We will continue our work to produce good food this year - together. Good food - better mood. CONTENT ATRIA 2025 Atria in brief CEO's review Financial development Highlights of the year ATRIA 2025 ATRIA'S YEAR 2025 8 FINANCIAL DEVELOPMENT Atria's value chain ATRIA'S DIRECTION ATRIA GROUP'S KEY INDICATORS, EUR MILLION GROSS INVESTMENTS, % OF NET SALES % ADJUSTED EBIT, EUR MILLION AND % OF NET SALES EUR million % Food market trends Consumer behaviour Strateg y Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Net sales EBIT EBIT, % Adjusted EBIT * Adjusted EBIT, % * Balance sheet total Adjusted return on equity, % * Equity ratio, % Net gearing, % 2024 1,755.4 66.4 3.8 65.4 3.7 984.8 10.1 43.2 61.8 2025 1,813.7 64.0 3.5 69.9 3.9 999.4 11.0 45.7 48.1 * EBIT adjustment items 2025 totalled -5.9 EUR million (+1.0 EUR million). 8 7.7 6.3 3.6 3.0 2.3 7 6 5 4 3 2 1 0 2021 2022 2023 2024 2025 75 69.9 65.4 3.9 3.7 49.2 49.0 49.6 70 65 60 55 50 45 40 35 30 25 20 15 10 5 0 2021 2022 2023 2024 2025 5.0 4.0 3.0 2.0 1.0 0 Contacts NET SALES, EUR MILLION EUR million 1,697 1,753 1,755 1,814 1,540 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 ADJUSTED EPS, EUR EUR 1.8 1.43 1.38 1.27 0.98 1.6 1.4 1.2 1.0 0.8 0.6 0.4 0.2 0.0 1.61 EQUITY RATIO, % % 44.9 45.7 41.7 43.2 50 48.7 40 30 20 10 0 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 CONTENT ATRIA 2025 Atria in brief CEO's review ATRIA 2025 ATRIA'S YEAR 2025 9 Financial development 261.8 234.7 218.7 152.6 10.1 8.9 8.2 7.3 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 16 18 16 14 12 10 8 6 4 2 0 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 ACCIDENT FREQUENCY RATE PERSONNEL AVERAGE FTE 2025 2024 2023 2022 50 2 0 2021 2022 2023 2024 2025 2021 4 100 6 150 8 200 10 250 11.0 274.2 ADJUSTED RETURN ON EQUITY (ROE), % NET DEBT, EUR MILLION EUR million 300 % 12 ATRIA GROUP'S CARBON FOOTPRINT, TONNES CO 2 e 1,000 tonnes CO 2 e 100 80 60 40 20 0 2022 2023 2024 2025 Scope 2 Scope 1 Target The calculation of the Group's greenhouse gas emissions is based on the international GHG protocol (Greenhouse Gas Protocol). The calculation covers greenhouse gas emissions from Atria's industrial production process in companies of which Atria owns more than 50 percent, in line with Scope 1 and Scope 2. Scope 1 (red) covers direct emissions from energy sources that are owned or controlled by the reporting company, and that are used for heating and production, for example. Scope 2 (yellow) covers indirect emissions from purchased electricity, steam and heat production, and from cooling. Scope 2 reporting is based on a cost-based calculation method and employs the emission values of known energy sources or the national residual mix. Highlights of the year Atria's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strategy Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION 3,711 3,898 3,698 3,864 3,785 14 14 12 10 Atria as an investment Contacts CONTENT ATRIA 2025 Atria in brief CEO's review Financial development Highlights of the year ATRIA 2025 HIGHLIGHTS OF THE YEAR ATRIA'S YEAR 2025 10 Atria's value chain ATRIA'S DIRECTION Food market trends JANUARY JULY JUNE/AUGUST Consumer behaviour Strategy Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT CHICKEN MEAT EXPORTS TO CHINA BEGAN At the turn of the year, the first deliveries of Atria chicken meat, chicken feet in particular, left for China. The products are transported from Nurmo to Shanghai and further inland to restaurant chains and industrial customers. The export advantage is the purity and high quality of Finnish meat. APRIL FUTURE CONVENIENCE FOOD FACTORY TO BE BUILT IN NURMO Atria is investing more than EUR 80 million in the modernisation of its convenience food production in Nurmo and in carbon-free energy solutions. The modernisation enables the development of innovative products, improves energy efficiency and supports Atria's goal of a carbon neutral food chain. Earthworks began in November, and the new development is expected to be completed in 2028. AFRICAN SWINE FEVER IN ESTONIA Infections of African swine fever were detected at two Atria pig farms in Estonia, one in June and the other in August. The farms were cleaned and disinfected. Meat from the farms is not exported to Finland or Atria's other operating areas. Thanks to the state compensation scheme in Estonia, the direct financial impacts of the outbreaks on Atria remained limited. INVESTOR INFORMATION Atria as an investment Contacts INVESTMENT IN A NEW PANCAKE PRODUCTION LINE Atria Finland is investing EUR 7 million in a new pancake production line to meet growing demand and READ MORE READ MORE KATI JANHUNEN APPOINTED AS ATRIA GROUP'S EVP, SUSTAINABILITY SEPTEMBER strengthen its position in the convenience food market. The investment makes it possible to develop the product range and increase production capacity for exports as well. The new line will be commissioned in the summer of 2026. Kati Janhunen has been appointed as Atria Group's Executive Vice President, Sustainability. She will take on the position after Merja Leino' retirement in the summer of 2026. Kati Janhunen has been a member of Arla Finland's Management Team. She brings with her solid experience in the development of sustainability and consumer brands. She will also become a member of the Atria Group Management Team. READ MORE ATRIA PUBLISHES ITS NEW TOGETHER 2030 STRATEGY Atria published its new TOGETHER 2030 strategy for 2025-2030. The objective of the new strategy is for Atria to become the Winning Northern European Food Company. The strategy focuses on strengthening the core business, investing in growing product categories, increasing collaboration, and sustainable renewal. Financial targets include net sales of over EUR 2 billion and a return on equity of 12 percent. CONTENT ATRIA 2025 Atria in brief CEO's review Financial development Highlights of the year Atria's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strateg y Sustainability as a part of strategy Atria as an employer BUSINESS AREAS SALT CONTENT OF ATRIA PRODUCTS DOWN BY 15 PERCENT Atria reduced the salt content of its products by an average of 15 percent during 2020-2024 as part of comprehensive nutritional responsibility efforts. As a result, more and more products meet the Heart Symbol (Sydänmerkki) criteria. Atria continues to work on developing healthy and tasty food options. Atria Finland Atria Sweden Atria Denmark & Estonia NOVEMBER RESEARCH AND DEVELOPMENT ATRIA WINS THE WORLD'S BEST GRASS-FED FILLET COMPETITION At the World Steak Challenge 2025, Atria won the World's Best Grass-Fed Fillet category, which is yet another testament to the high quality and sustainability of Finnish grass feeding. The victory was the result of cooperation between Atria and JN Meat International, and the strong professionalism of Finnish family farms. With the new Nurminauta® (Grass-Fed Beef) registered trademark, Atria wants to highlight the animals' feeding on Finnish grass and the sustainable production methods. READ MORE INVESTOR INFORMATION Atria as an investment Contacts ATRIA 2025 ATRIA'S YEAR 2025 11 SEPTEMBER OCTOBER DECEMBER NEW OPERATIONS TO SUPPORT NEW STRATEGY Atria established two new operations, Industrial Operations and Product Export, in support of the new TOGETHER 2030 strategy. Tauno Perälä, in charge of Industrial Operations, and Gustaf Birkoff, in charge of Product Export, were appointed as the leaders of the new operations and members of the Management Team. The aim is to enhance Group-level production and increase exports, as well as Foodservice cooperation. MODERNISATION OF BEEF PRODUCTION IN KAUHAJOKI Atria invests EUR 16 million in the Kauhajoki factory to modernise beef production and to develop processes. The aim is to strengthen the processing of high-quality Finnish beef for domestic and export markets. In addition, the investment will improve production efficiency and competitiveness. READ MORE ATRIA INVESTS IN PRODUCTION OF MEAT PRODUCTS IN SKÖLLERSTA Atria is investing approximately EUR 23 million in the production of meat products at the Sköllersta plant in Sweden, including a continuously operating new production line, and the expansion and upgrading of the production site. The investment replaces old equipment and improves energy efficiency, product quality and the reliability of deliveries, and enables the production of sausages and the expansion of the product range. READ MORE ATRIA'S POSITION AS A SUSTAINABLE BRAND STRENGTHENED Atria has risen 28 places in the 2025 Sustainable Brand Index and now ranks 13th in the food industry. The development reflects the strengthening of Atria's brand as a sustainable and domestic food company. In particular, consumers appreciate Atria's transparency, nutritional quality and sustainable packaging solutions. CONTENT ATRIA 2025 Atria in brief CEO's review RESOURCES AND INPUTS Financial development Highlights of the year ATRIA 2025 ATRIA'S YEAR 2025 12 ATRIA'S VALUE CHAIN Atria's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strateg y Sustainability as a part of strategy Atria as an employer BUSINESS AREAS RAW MATERIALS AND OTHER MATERIALS Meat raw materials: pork, beef, poultry Other raw materials Packaging and other materials HUMAN RESOURCES AND DEVELOPMENT Atria Finland: 2,463 Atria Sweden: 880 Atria Denmark & Estonia: 442 INTANGIBLE CAPITAL Brands, patents, concepts Competence Research and development: EUR 14.8 million INVESTMENTS Investments: EUR 54.2 million FINANCING Equity and liabilities: EUR 999.4 million ENERGY CONSUMPTION Energy consumption: around 468 GWh, of which renewable sources represent around 30 percent Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts PRIMARY PRODUCTION ATRIA'S INDUSTRIAL AND COMMERCIAL OPERATIONS Atria Finland - Atria Sweden - Atria Denmark & Estonia CUSTOMERS CONSUMERS Industrial and export clients Foodservice Retail BUSINESS MODEL AND IMPACTS Strategy: TOGETHER 2030 Strategic objectives: STRONG FINANCIAL PERFORMANCE | GROWTH AND COLLABORATION | SUSTAINABLE, LONG-TERM RENEWAL VALUE CREATED BY ATRIA PRODUCERS AND PARTNERS Purchases from producers, subcontractors and other partners Total purchases and other expenses: EUR 1,473.5 million CUSTOMERS Sales to consumer product and primary production customers and other revenues: EUR 1,818.2 million PERSONNEL Total salaries and bonuses: EUR 224.9 million SOCIETY Corporate taxes and social security expenses: EUR 66.0 million SHAREHOLDERS AND FINANCIERS Dividends: EUR 20.8 million Financial income and expenses: EUR -10.7 million RESEARCH AND DEVELOPMENT In addition to its own research and product development activities, Atria participates in applied research in product and packaging technology, nutrition and environmental efficiency, among other fields COMMUNITIES Support for public and private organisations and associations, including ones working with children and young people's physical exercise and competitive sports The value chain illustration demonstrates the financial impacts of the different stages of the value chain. The impacts and risks in accordance with the ESRS standards for sustainability reporting are presented in detail in the Sustainability Statement in section ESRS2 General disclosures - Strategy - Strategy, business model and value chain. CONTENT ATRIA 2025 Atria in brief CEO's review Financial development Highlights of the year Atria 's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strateg y Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts ATRIA'S DIRECTION ATRIA'S YEAR 2025 13 ATRIA'S DIRECTION CONTENT ATRIA 2025 Atria in brief CEO's review Financial development Highlights of the year Atria 's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strateg y Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts ATRIA'S DIRECTION FOOD MARKET TRENDS Healthiness and sustainability Consumers' awareness of healthy lifestyles and the demand for healthy food are noticeable in the market. For example, fruit and vegetable sales have increased. Easier cooking Demand for easy-to-cook ingredients is increasing, as seen for example in the growing demand for minced meat. Ease Ease is becoming more and more important for consumers, and consumers are increasingly hoping for food that makes everyday life easier. Consumer demand is met by more varied convenience food prepared at stores, for example. ATRIA'S YEAR 2025 14 Processed food Consumers' concern about food processing has increased, and particular attention is paid to ultra-processed food. However, ultra-processed food divides opinions, and the concept is not precisely defined. Protein Protein consciousness is increasing. This is related to an increased overall awareness of food content. The discussion is driven by social media influencers who produce exercise-related content. Plant-based proteins vs meat Interest in vegetarianism is an established phenomenon in the 2020s. However, utilising plant proteins as part of diets has not reduced total meat consumption. Meat is also seen as a good source of protein among health-conscious people. CONTENT ATRIA 2025 Atria in brief CEO's review Financial development ATRIA'S DIRECTION PASI LUOSTARINEN Executive Vice President, Marketing & Market Insight Moderate market development ATRIA'S YEAR 2025 15 Highlights of the year Atria's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strategy Sustainability as a part of strategy Atria as an employer in a challenging operating environment The year 2025 began on an economically challenging note. The general economic downtrend and uncertainty were reflected in consumer sentiment across all Atria markets, especially eating out. Although there was no significant change from 2024, the retail trade of consumer goods developed moderately and the sales of our food product categories grew by about 2 percent. BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts In 2025, food prices continued to rise, but inflation was clearly more moderate than in previous years. Price development in Finland, Sweden and Denmark was steady, while inflation was significantly higher in Estonia. Consumers continued to be cautious, and no significant changes were seen in purchasing behaviour. The proportion of private label products remained largely unchanged, and consumers also continued to spend money on more luxurious products. Consumption habits largely continued along the lines of previous years. Demand for poultry and convenience food increased in all markets. This boosted the growth of Atria's sales in both Finland and Sweden. The year was marked by an exceptional change in the meat market, as a shortage in the supply of beef led to a decrease in beef consumption and, correspondingly, a strong increase in pork consumption. Total meat consumption continued to grow. At the same time, the consumption of plant-based foods, vegetables and fruits increased, which indicates a diversification of the diet without a clear health boom. In Finland, the extensive public debate on nutrition recommendations weakened the demand for meat products, especially cold cuts consumed as sandwich toppings. In the other Nordic countries, no similar effect was seen, and the meat products market remained fairly stable. The development of the restaurant market varied from country to country, especially with regard to dining restaurants. In Sweden, the restaurant market recovered significantly during the year, especially in large cities. In Finland, growth was focused on fast food, with dining restaurants still lagging behind. The role of online food sales remained unchanged or decreased slightly in Finland, Sweden and Estonia, while moderate growth was seen in Denmark. Atria responds to market changes primarily with country-specific productisation and market-based pricing. The new TOGETHER 2030 strategy focuses on poultry, convenience food and on increasing exports of ready-to-eat products. An extensive product and brand portfolio enables flexible responses even in an uncertain market environment. CONTENT ATRIA 2025 Atria in brief CEO's review Financial development Highlights of the year Atria 's value chain ATRIA'S DIRECTION ATRIA'S DIRECTION MEAT CONSUMPTION IN FINLAND 2025, MILLION KG TOTAL MEAT CONSUMPTION WAS AT LAST YEAR'S LEVEL Chicken consumption increased 2% ATRIA'S YEAR 2025 16 Food market trends Consumer behaviour Strategy Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia 174.7 Pork Beef Poultry 94.3 157.1 Beef consumption decreased 5% Pork consumption increased 2% RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts ATRIAN EDUSTAMIEN TUOTERYHMIEN KEHITYS VUONNA 2025 VÄHITTÄISKAUPPAMARKKINASSA ARVOSSA MITATTUNA Consumer packed red meat +3.1% Consumer packed poultry +3.0% Sausages and other meat products -1.8% Cold cuts -4.4% Convenience food +1.9% Atria's product categories, total +0.8% Sausages +0.2% Fresh poultry +14.8% Cold cuts +1.0% Fresh convenience food +8.4% Atria's product categories, total +4.5% Fresh meat (excluding poultry) +5.4% Sausages -1.3% Convenience food components +1.2% Marinated meat +2.5% Cold cuts +1.5% Atria's product categories, total +2.0% Cold cuts +0.3% ATRIA FINLAND Market development in value ATRIA SWEDEN Market development in value ATRIA ESTONIA Market development in value ATRIA DENMARK Market development in value CONTENT ATRIA 2025 SAFETY, PEOPLE & COMMUNICATION EFFICIENCY, DIGITAL & AI COMMERCIAL EXCELLENCE ONE ATRIA ENABLERS RENEW FOR THE FUTURE COLLABORATE TO GROW ACCELERATE IN GROWTH CATEGORIES GROW & OPTIMIZE OUR CORE BIG MOVES SUSTAINABLE LONG-TERM RENEWAL LEAD KPI: CO2 EMISSIONS VS. 2020: -42% SCOPE 1-2; - 20% SCOPE 3 (PER MEAT KG) LEAD KPI: 5% EBIT LEAD KPI: NS >€2BN GROWTH AND COLLABORATION STRONG FINANCIAL PERFORMANCE STRATEGIC TARGETS & KPIS TOGETHER 2030 WINNING NORTHERN EUROPEAN FOOD COMPANY GOOD FOOD, BETTER MOOD VISION & MISSION Atria in brief CEO's review Financial development Highlights of the year Atria 's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strategy Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts ATRIA'S DIRECTION ATRIA'S STRATEGY 2025-2030 Atria announced its new strategy for 2025-2030 in September 2025. Called TOGETHER 2030, the strategy highlights the importance of working together to achieve our vision - to be the winning Northern European Food Company. Our strategy focuses on ensuring the competitiveness of our core business, allocating investments and resources to rapidly growing product categories, increasing cross-border cooperation to exploit economies of scale and to renew ourselves to meet future needs. Atria has clearly defined business areas and strong local organisations: Atria Finland, Atria Sweden, and Atria Denmark & Estonia. Atria has over 120 years of tradition, strong economic performance and skilled, motivated people. Our new strategy is a managed and consistent development path - built on a strong core business and proactive exploitation of future opportunities. ATRIA'S YEAR 2025 17 CONTENT ATRIA 2025 Atria in brief CEO's review ATRIA'S DIRECTION ATRIA'S YEAR 2025 18 Financial development Highlights of the year Atria 's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strategy Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts WE PURSUE OUR OBJECTIVES THROUGH FOUR KEY STRATEGIC ACTIONS (BIG MOVES) Grow and Optimise Core Business Red and processed meat is a major part of our core business and continues to be a focus during our next strategy period. The objective is to grow organically and optimise our efficiency. Accelerate in Growth Categories Poultry and convenience foods are the fastest growing product categories in our portfolio, and we expect to grow fast in them. We have set ourselves up to seize profitable growth opportunities and will invest relatively more into these categories during our strategy period. Collaborate to Grow and Scale our Operations We have a strong local presence in our four markets. We drive collaboration and scale to become more efficient and get the most from our assets. Areas for increased collaboration include cross-border scale, net revenue management and product exports. Renew for the Future In addition to focusing on growth today, we must continuously renew to secure our future competitiveness. Our renewal focus is on sustainability, being the best partner for owner-producers, developing our unique unified food chain with tech, continuing to develop our healthy food solutions and readiness to expand to alternative proteins. We also empower our people for growth. List of things on which we will not focus: We will not expand into new "home markets" outside Finland, Sweden, Estonia and Denmark. We will not leave any of our current main categories. We will not expand into completely new categories at Group level (such as dairy products). However, we will maintain the ability to produce alternative proteins. We will not expand into new businesses that are not closely linked to our current core competence, food production. FINANCIAL TARGETS ACTUALISED 2025 Net sales > EUR 2 billion EUR 1.8 billion EBIT 5% 1) 3.9% of net sales Equity ratio 40% 45.7% Return on equity 12% 1) 11.0% Dividend distribution 50% 1) 2) of the profit for the period 46.6% Strategy enablers ONE ATRIA CULTURE Increased cooperation supported by the ONE Atria culture, new functions, systems and goals. COMMERCIAL EXCELLENCE Focus on innovation, sales excellence, category improvement and brand management. EFFICIENCY, DIGITAL & ARTIFICIAL INTELLIGENCE Improved cost-efficiency and better digital and artificial intelligence capabilities. SAFETY, PEOPLE & COMMUNICATION Safety first and continuous human resources development, and employee wellbeing. More internal and external communication. The figures are presented adjusted for items affecting comparability. The Board of Directors' proposal for the dividend to be distributed for the financial year 2025 is EUR 0.75. CONTENT ATRIA 2025 ATRIA AS AN INVESTMENT Excellent financial performance Record-high adjusted EBIT Equity ratio 45.7 percent, adjusted return on equity 11.0 percent Unique products and strong market positions Consistent success in the World Steak Challenge Strengths of Finnish meat production: meat grown without antibiotics and a salmonella-free production chain Unique traceability of family farms with product-specific carbon footprints Strong brand positions in four business areas: Finland, Sweden, Denmark and Estonia We are well positioned in the large and fast-growing product categories of poultry and convenience foods. An ambitious and feasible new strategy Ambitious strategic objectives Tangible projects support our goals The new strategy also aims to maintain strong development outside Finland We are already well on our way to achieving our goals. Atria in brief CEO's review Financial development Highlights of the year Atria 's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strategy Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts ATRIA'S DIRECTION TWO NEW FUNCTIONS WILL BE ESTABLISHED WITHIN ATRIA GROUP TO SUPPORT NEW TOGETHER 2030 STRATEGY Atria Group Industrial Operations The objective of the Atria Group Industrial Operations function is to focus on strategic themes and enable the scaling of operational efficiency across country borders. It ensures the functioning of the cross-country scaling model, makes the best expertise available to major investments at Group level and guides the longterm planning of the plant network at Group level. Responsibility for results remains with business areas, and local industrial operations will continue to have operational responsibility, as they do today. Atria Group Product Export The priority of the Atria Group Product Export function, with the business areas, is to promote product exports, as well as to strengthen cross-border Foodservice cooperation to better serve major customers. Responsibility for results remains with business areas, and no changes will be made to local export and Foodservice teams. Strengthening the competitiveness and production efficiency of our core business is at the heart of our TOGETHER 2030 strategy. We allocate investments and resources to rapidly growing product categories and deepen cross-border cooperation to take advantage of economies of scale. Our goal is to build new export operations and strengthen cooperation between business areas in export. Tauno Perälä , who is responsible for the Atria Group Industrial Operations function and serves as a member of the Group Management Team, and Gustaf Birkoff , who heads the Atria Group Product Export function, play central roles in the implementation of these strategic priorities. ATRIA'S YEAR 2025 19 CONTENT ATRIA 2025 Atria in brief CEO's review Financial development Highlights of the year Atria 's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour ATRIA'S DIRECTION ATRIA'S YEAR 2025 20 Strategy STRATEGIC MEASURES IMPLEMENTATION 2025 ATRIA GROUP ATRIA FINLAND ATRIA SWEDEN ATRIA DENMARK & ESTONIA GROW AND OPTIMISE CORE BUSINESS Atria invested approximately EUR 16 million in the modernisation of the Kauhajoki production facility. The investment includes the demolition of old buildings and the construction of new facilities. The investment strengthens the Kauhajoki unit's ability to produce high-quality Finnish beef for domestic and export markets. Atria Finland participated in the World's Steak Challenge, winning in the grass-fed beef category. Atria invested EUR 23 million in the production of meat products at its plant in Sköllersta, Sweden. The investment includes a new continuously operating production line as well as an expansion and upgrade of the production site in Sköllersta. The investment replaces old production equipment, improves energy efficiency and product quality, and increases the reliability of deliveries. Implementation of Atria Sweden's Growth Plan Atria Denmark: Increase exports and implement the production efficiency improvement plan Atria Estonia: Strengthen the market-leading position in fresh meat and convenience food categories Improve operational efficiency in production and supply chain Enhance product quality and food safety ACCELERATE IN GROWTH CATEGORIES Atria started the construction of the convenience food factory of the future in Nurmo. The investment project on convenience food production includes the renovation of the existing production plant, as well as the replacement of the production process and other technical systems with the most energy-efficient solutions. The energy solutions included in this investment will result in total annual savings of more than EUR 5 million. In April, Atria launched a EUR 7 million investment in pancake production. Pancakes are one of the most rapidly growing convenience food products in Finland. Atria Finland announced an investment of more than EUR 80 million in convenience food production and green transition energy solutions at the Nurmo production plant. The optimisation of the production at Atria's Nurmo poultry plant, which was commissioned in 2024, continued. Significant growth in Gooh! sales; Atria remains the market leader with a continuing increase in market share Growth in fresh poultry sales across both grocery retail and foodservice channels Lönneberga skewers achieved excellent sales success Expansion of rearing space used in poultry production Atria Estonia: Develop and launch innovative products based on consumer trends COLLABORATE TO GROW Two new functions will be established within Atria Group to support the new TOGETHER 2030 strategy: Atria Group Industrial Operations and Atria Group Product Export. Tauno Perälä, MSc (Tech), was appointed as Executive Vice President of Atria Group's Industrial Operations function and member of the Management Team. Net Revenue Management pilot launched Focus on cross-border sales and product exports for the future Atria Estonia: Strengthen collaboration between internal operations RENEW FOR THE FUTURE Kati Janhunen was appointed as Atria Group's EVP, Sustainability, and member of the Group Management Team. Janhunen starts in the position latest at 1 June 2026. The second Atria Growth Engine training programme was launched at the end of the year. AI training for Atria Group employees started in the autumn. Atria Finland has worked with determination to reduce the salt content of its products. More and more products meet the Heart Symbol criteria. During the period 2020-2024, the amount of salt has been reduced by an average of about 15 percent. During 2025, Atria Finland launched 28 new Heart Symbol products, bringing the total number of Heart Symbol products in the range to 201. A-Rehu's new barley feed dryer in Koskenkorva, Ilmajoki, is a true masterpiece of circular economy. The village of Koskenkorva is heated with condensate water from A-Rehu's dryer. A two-megawatt solar power park was built near A-Rehu's Koskenkorva plant. The investment covers approximately 10 percent of the plant's annual electricity consumption. The Atria 100 Young Chefs and 100 Young Producers training programmes run throughout the year. Sustainability function established Ongoing investments in energy efficiency at factories Investment project initiated in Sköllersta sausage production Atria Denmark: Launch more sustainable poultry products Implement the WOL (Way of Leading) program Atria Estonia: Invest in responsible product innovations Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts CONTENT ATRIA 2025 Atria in brief CEO's review Financial development Highlights of the year Atria 's value chain ATRIA'S DIRECTION CASE ATRIA'S YEAR 2025 21 ATRIA'S DIRECTION Food market trends Consumer behaviour Strategy Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts ATRIA INVESTS OVER EUR 80 MILLION IN THE MODERNISATION AND GREEN TRANSITION OF THE CONVENIENCE FOOD FACTORY IN NURMO Atria invests a total of EUR 82.4 million in the modernisation of convenience food production and green transition energy solutions in Nurmo. The investment covers the renovation of the production plant, the introduction of energy-efficient technical systems and the decarbonisation of heat production. The modernisation improves the quality of products, enables the development of innovative convenience foods and utilises the latest technology. The project supports Atria's ambitious environmental goals and creates a model for a carbon-neutral factory concept. Energy consumption is expected to decrease by approximately 50,000 MWh, or 21 percent of Atria Finland's consumption, resulting in annual savings of more than EUR 5 million. Over three years, carbon dioxide emissions (Scopes 1 and 2) will be halved through a reduction of 32,000 equivalent tonnes. Business Finland granted a clean transition grant of EUR 24.7 million to the project. CONTENT ATRIA 2025 Atria in brief CEO's review Financial development Highlights of the year ATRIA'S DIRECTION ATRIA'S STRATEGY 2021-2025 ATRIA'S YEAR 2025 22 Atria's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strategy Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts Atria's previous strategy period ended in the autumn of 2025. The main objective of the previous strategy period was to accelerate growth and improve profitability. CONTENT ATRIA 2025 Atria in brief ATRIA'S DIRECTION ATRIA'S YEAR 2025 23 CEO's review Financial development Highlights of the year Atria's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Atria 2025: Growth, profitability and investments TOMAS BACK CFO, Deputy CEO In 2025, Atria refined its financial targets in accordance with the new Atria TOGETHER 2030 strategy. The Group's net sales target is now over EUR 2 billion, and the return on equity target was increased to 12 percent from the previous 10 percent. Strategy Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts Atria's financial situation is strong: adjusted operating profit in 2025 was record-breaking, and return on equity exceeded previous targets. Growth in adjusted operating profit was good compared to the previous year. The balance sheet remained strong, and the dividend payment to owners grew steadily - a dividend of EUR 0.60 per share was paid in 2024, while in 2025, the dividend was EUR 0.69 per share. Now the Board of Directors of Atria Plc proposes a dividend of 0.75 euros per share. The equity rate exceeded targets at approximately 45.7 percent, and net gearing remained at a good level. Under the new strategic period, the return on equity target was raised to 12 percent. This strategy makes clear choices: it focuses on strengthening and optimising core businesses, and seeks growth in growth categories and through cooperation between the Group's businesses. Investments are directed at growth and essential maintenance. A significant investment was launched in 2025: a programme worth approximately EUR 110 million in convenience food production in Finland. The programme included an investment of EUR 7 million in thin pancake production, and EUR 82.4 million in convenience food production and related energy solutions. In addition, a maintenance investment of EUR 16 million was launched to renew beef production processes at the Kauhajoki factory. At the end of the year, Atria decided to invest approximately EUR 23 million in meat product production at the Sköllersta plant in Sweden. These investments are intended to streamline operations and improve profitability in the coming years, as well as to drive growth in segments that are important to us. At the end of the year, the average maturity of loans and credit facilities was 3 years and 7 months, and the Group's liquidity remained strong. The average interest rate on loans at the end of the year was 3.36 percent, compared to 3.76 percent in the previous year. Atria has reduced its interest rate risk by dividing its financing between variable- and fixed-rate loans, and by hedging with interest-rate derivatives. At the end of the year, fixed-rate debt accounted for 47.6 percent of the total loan portfolio. At the end of the year, the company had EUR 50 million in undrawn committed credit facilities that were not used during the review year, as well as a EUR 200 million commercial paper programme that was used for short-term financing. ATRIA'S FINANCIAL TARGETS AND ACTUALS ACHIEVED 2025 2024 2023 Net sales: EUR 2,000 million 1,813.7 1,755.4 1752.7 EBIT: 5% 1) 3.9% 3.7% 2.8% Equity ratio: 40% 45.7% 43.2% 41.7% Return on equity: 12% 1) 11.0% 10.1% 7.3% Dividend distribution: 50% of the profit for the period 1) 2) 46.6% 50.0% 61.2% 1) The figures are adjusted for items affecting comparability, formulae for the calculation of key indicators are found on pages 25-26 in the Board of Directors' Report, Sustainability Statement and Financial Statements 2025 . 2) The Board's proposal for the dividend to be distributed for 2025 is 0.75 EUR/share. CONTENT ATRIA 2025 Atria in brief ATRIA'S DIRECTION ATRIA'S YEAR 2025 24 CEO's review Financial development Highlights of the year Atria's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strateg y Sustainability as a part of strategy Atria as an employer Sustainability is at the core of Atria's strategy - and the focus is on the future The year 2025 marked a significant milestone in Atria's sustainability work. The renewed TOGETHER 2030 strategy has sustainability at its core, and this is reflected in all our operations throughout the value chain. During the year under review, we focused particularly on climate goals and promoting emissions reductions based on Science Based Targets. This work takes place through day-to-day decision-making, both in our own operations and in our supply chain, in conjunction with producers and partners. BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts Good progress in climate work both in our own operations and the supply chain Reducing greenhouse gas emissions is a key environmental goal of our sustainability work throughout the food chain. This is highlighted by the fact that the Science Based Targets-based emissions reduction targets have also been placed at the heart of the Group's renewed TOGETHER 2030 strategy as one of its strategic targets. In 2025, we took further significant steps towards reaching our emission reduction targets. In our own operations (Scopes 1 and 2), we focused on energy efficiency and energy quality. We implemented and advanced several investments such as heat recovery at our modern poultry plant, investments in electric boilers, and designing a future convenience-food factory - solutions that reduce emissions over the long term. Among our most significant ongoing projects are the modernisation of convenience food production and green transition energy solutions in Nurmo. The total of these investments amounts to EUR 82.4 million. These actions are expected to reduce the plant's energy consumption by approximately 50,000 MWh, which corresponds to 21 percent of Atria Finland's total consumption and will bring annual savings of more than EUR 5 million. Within three years, carbon dioxide emissions (Scopes 1 and 2) will be halved by 32,000 equivalent tonnes. This project will receive EUR 24.7 million in clean transition investment support from Business Finland. In the supply chain (Scope 3), our focus is on farm-level actions. We further developed the carbon footprint calculators for the production of beef, pork and poultry, and expanded their coverage. The calculators help identify emission sources and effective reduction actions. In feeds, we continued to reduce the use of soy and increase the use of domestically produced protein. The biogas plant to be completed in Nurmo will enable the processing of slurry in a new way and will significantly reduce the emissions from primary production in the future. CONTINUED → CONTENT ATRIA 2025 Atria in brief CEO's review Financial development Highlights of the year Atria 's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strateg y Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts ATRIA'S DIRECTION Improving animal welfare is an essential part of our sustainability. In the pig chain, free farrowing has been systematically increased, and more than half the pork we procure already comes from free farrowing farms. The grass-fed beef operating model supports animal welfare and the circular economy. Antibiotic-free production continued strong in all production segments. People, products and quality at the heart of sustainability Employee wellbeing and safety at work are key areas of our sustainability programme. Safety at work is our most important metric, and it continued to develop positively in 2025: the incident rate fell significantly, and in Denmark, for example, the milestone of 500 consecutive accident-free days was reached. In the personnel surveys, we got excellent results again. The response rate went up, and the employees' willingness to recommend Atria as an employer increased, which indicates employee commitment and trust. For consumers, we raise our sustainability profile through our products and communications. The Heart Label, antibiotic-free products and the traceability of our products to farms remain key responsibility factors, and the Hyvää Suomesta label (Produce of Finland) for feed strengthens our communication about domestic origin and transparency. High quality is the basis of our operations: the Number one in Quality development continued, and Atria's Quality Ambassadors promoted a culture of quality across the various operations in our production chain. Quality indicators are actively monitored, and continuous improvements are made as a result. ATRIA'S YEAR 2025 25 MERJA LEINO Executive Vice President, Sustainability Looking ahead - strategy implementation and sustainability programme The year 2025 was marked by extensive and constantly changing sustainability regulation. This was our first year under the scope of the Corporate Sustainability Reporting Directive (CSRD), and we prepared a third-party audited Sustainability Statement in accordance with the directive on our own. The work required significant resources, and the double materiality assessments and new reporting requirements gave us new perspectives on our sustainability work, as well as a strong basis for future reporting and comparability. Our focus is already on implementing the new TOGETHER 2030 strategy and the new sustainability programme to be published at the beginning of 2026. We are developing the commercialisation of sustainability, strengthening sustainability communications, and building a group-wide training programme that ensures every Atria employee can talk proudly about our sustainability work. The year 2025 was also personally significant for me: it was my last full year as Atria's EVP for Sustainability before my retirement in the summer of 2026. As I am entering a new phase in life, above all, I'm feeling grateful. I would like to warmly thank all Atria employees and partners for allowing me to do meaningful work with you for the last 30 years and to develop a sustainable food chain together. CONTENT ATRIA 2025 Atria in brief CEO's review Financial development Highlights of the year Atria 's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strateg y Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts ATRIA'S DIRECTION CASE ATRIA STRENGTHENS ITS POSITION AS A SUSTAINABLE CONSUMER BRAND According to the 2025 Sustainable Brand Index survey, Atria's ranking in the food industry has improved by 28 places, and the company is now ranked the 13th. In the overall assessment, Atria improved its ranking from 56th to 41st place, which reflects Atria's strengthened brand image as a sustainable Finnish food company among consumers. The Sustainable Brand Index is Europe's largest independent sustainability brand survey, based on a comprehensive consumer survey and covering both environmental and social responsibility. Atria's success is based on long-term sustainability communication and consistent brand development. Improvement is particularly visible in the areas of Finnish origin, sustainable packaging, and nutrition. Consumers perceive Atria's communications as credible and transparent, which strengthens the brand's position as a responsible operator. Consumers' expectations for sustainability have increased, and they expect companies to make sustainable choices on their behalf, which also challenges Atria to renew itself continuously. ATRIA'S YEAR 2025 26 CONTENT ATRIA 2025 Atria in brief ATRIA'S DIRECTION ATRIA'S YEAR 2025 27 CEO's review Financial development Highlights of the year Atria's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strategy Together towards a safer and more competent Atria JENNIFER PAATELAINEN Executive Vice President, Human Resources The year 2025 was marked by strong cooperation and determined development for Atria. Investments in occupational safety, competence building, a new strategy and employee engagement were reflected in both everyday operations and the employees' experiences. Positive developments were also seen in key personnel indicators. Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts Safety at work comes first In 2025, safety at work was a key priority in all Atria's countries of operation. After the drop in the previous year, the accident frequency rate improved again. Safety was improved through management's personal commitments, safety-themed days and weeks, campaigns, and extensive training, for example. Longterm efforts have continued to further increase open safety discussions. Safety at work was also included in the Atria Awards with the addition of a new Safety category. This initiative highlighted actions to promote occupational safety and strengthened our common safety culture. The 2025 award went to Atria Denmark for its outstanding achievement: more than 500 consecutive accident-free days at work. Human resource development and growing competence Another key focus for 2025 was the development of employee competence. The new Pathfinder programme on artificial intelligence was launched through an open application process, which attracted more than 200 applications from all over Atria. A total of 115 participants were selected. The programme aims to increase understanding and practical knowledge about the use of artificial intelligence such as Copilot in work and business. The results have been tangible: more efficient use of time and new ways of working. The Atria Growth Engine innovation programme (AGE) also continued with a new group of participants, strengthening innovation expertise and cooperation across country borders. New strategy: TOGETHER 2030 The new strategy prepared during the year, TOGETHER 2030, was built openly and inclusively. For example, the entire personnel participated in the strategy work by answering open-ended questions in the personnel survey, and the progress of the process was communicated transparently. The name of the strategy reflects a common objective: one Atria, where safety, people and communication are highlighted as key facilitators of strategy implementation. Alongside strategy work, an overhaul of the company's values started with the intention of better supporting the company's common direction. Stronger employee engagement The results of the personnel survey show that employee engagement at Atria is strong and getting even stronger - at a time when many other organisations are experiencing the opposite situation. The response rate increased to 78 percent, and the willingness to recommend Atria as an employer to 85 percent. Engagement improved in all personnel groups. Behind the excellent result are the employees' experience that their work is meaningful, clear goals, team and project work, and the perceived attractiveness of the company's values and strategy, for example. The long-term investment in leadership, communication and human resource development is strongly reflected in the results. CONTENT ATRIA 2025 Atria in brief CEO's review Financial development Highlights of the year Atria 's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strateg y Sustainability as a part of strategy Atria as an employer BUSINESS AREAS ATRIA'S DIRECTION NUMBER OF PERSONNEL ON AVERAGE, FTE 5,000 4,500 3,711 3,698 3,898 3,864 3,785 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 ATRIA'S YEAR 2025 28 PROPORTION OF WOMEN/MEN, HC100 % 100 80 60 40 20 0 Atria Finland Atria Sweden 2021 2022 2023 2024 2025 Atria Finland Atria Sweden Atria Denmark Atria Estonia Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION 2022 Women Men 2023 Women Men 2024 Women Men 2025 Women Men Atria as an investment Contacts ACCIDENT RATE IN THE ATRIA GROUP BY BUSINESS AREA 2022-2025, HC100 20 SICKNESS ABSENCES FROM REGULAR WORKING HOURS, HC100 % 10 8 15 6 10 4 5 2 0 Atria Finland Atria Sweden Atria Denmark Atria Estonia 0 Atria Finland Atria Sweden Atria Denmark Atria Estonia 2022 2023 2024 2025 2022 2023 2024 2025 CONTENT ATRIA 2025 Atria in brief CEO's review Financial development Highlights of the year Atria 's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strateg y Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment Contacts BUSINESS AREAS ATRIA'S YEAR 2025 29 BUSINESS AREAS CONTENT ATRIA 2025 BUSINESS AREA CUSTOMERS CORE PRODUCT CATEGORIES BRANDS PERSONNEL (FTE) NET SALES ADJUSTED EBIT ATRIA FINLAND Retail trade Foodservice customers Export customers Sibylla concept customers Food industry Fresh and consumer packed meat Poultry products Cooking products, such as cooking sausages Cold cuts Convenience food Atria Forssan Jyväbroiler Wilhelm Sibylla Ridderheims 2,463 65.1% of the Group's personnel EUR 1,319.6 million 71.8% of the Group's net sales EUR million 62.2 ATRIA SWEDEN Retail trade Foodservice customers Sibylla concept customers Export customers Cold cuts Cooking sausages Fresh poultry products Convenience food Vegetable and delicatessen products Lönneberga Sibylla Arboga Lithells Ridderheims Gooh! 880 23.2% of the Group's personnel EUR 392.7 million 21.4% of the Group's net sales EUR million 8.3 ATRIA DENMARK & ESTONIA Retail trade Foodservice customers Export customers Meat products, particularly sausages, including cold cuts and breadcrumbs spreads Convenience food Fresh and consumer packed meat 3-Stjernet Maks & Moorits Wõro Aalbæk Vastse-Kuuste 442 11.7% of the Group's personnel EUR 124.8 million 6.8% of the Group's net sales EUR million 4.9 Atria in brief CEO's review Financial development Highlights of the year Atria 's value chain ATRIA'S DIRECTION Food market trends Consumer behaviour Strateg y Sustainability as a part of strategy Atria as an employer BUSINESS AREAS Atria Finland Atria Sweden Atria Denmark & Estonia RESEARCH AND DEVELOPMENT INVESTOR INFORMATION Atria as an investment BUSINESS AREAS ATRIA'S YEAR 2025 30 Contacts

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