Barry Callebaut AGSIX: BARN

Annual Report 2025/26

· Issued by Barry Callebaut AG

On 6ix: 6ix.com/news/barry-callebaut-annual-report-202526

Watch Barry Callebaut explain itBarry Callebaut (SIX Swiss: BARN) Q4 2026 Earnings Call · Replay · Nov 4, 2026

25

ANNUAL REPORT

1 26

‌TABLE OF CONTENTS

  1. This is Barry Callebaut

  2. Key Figures

  1. Fiscal Year in Brief

  2. Letter to Shareholders

  1. Overview

  2. Business at a Glance

  3. Focus for Growth

  4. 5-Year Overview

  5. Risk Overview

23 Business Highlights

24 Financial Review

29 Business Review

31 Financial Reports

32 Consolidated Financial Statements

36 Notes to the Consolidated Financial Statements

91 Financial Statements of Barry Callebaut AG

104 Governance

105 Corporate Governance Report

120 Remuneration Report

140 Alternative Performance Measures

142 Contact & Financial Calendar

BARRY CALLEBAUT Annual Report 2025/26 Letter to Shareholders Overview Business Highlights Financial Reports Governance 3

‌THIS IS BARRY CALLEBAUT We are the world's leading manufacturer of high-quality chocolate and cocoa products, coatings and chocolate alternatives.

SALES VOLUME

2.1

in million tonnes

VOLUME DEVELOPMENT

-0.7%

vs. prior year

EBIT RECURRING1

SALES REVENUE

594.0

in CHF million

-14.1% in constant currency

12.2

in CHF billion

Our Focus for Growth ambition:

Undisputed integrated global leader

in cocoa and chocolate, partner of choice in sustainability & innovation

Offering full portfolio

across cocoa, chocolate, cacao coatings and non-cocoa solutions

Pivoting towards a solutions provider scaling key Specialties

in attractive, growing market segments

Accelerating Gourmet and making a determined shift to premium segments

while protecting our volume base

With regionally empowered teams, the best people in the industry and a winning culture.

21

Callebaut Chocolate AcademyTM Centers

58

factories worldwide

More than

175 years

of chocolate heritage

More than

110,000

chocolate professionals trained in-person in 2025/26

More than

13,000

employees

Doing business in over

140

countries

1 Refer to page 141 for detailed recurring results reconciliation.

BARRY CALLEBAUT Annual Report 2025/26 Letter to Shareholders Overview Business Highlights Financial Reports Governance 4

2025/26

‌KEY FIGURES

SALES VOLUME

2.1

in million tonnes

EBIT RECURRING2

594.0

in CHF million

-14.1% in constant currency

NET PROFIT RECURRING2

215.5

in CHF million

-13.0% in constant currency

FREE

CASH FLOW

PROPOSED DIVIDEND

2,009.8

in CHF million

29.00

CHF per share

2 Refer to page 141 for detailed recurring results reconciliation.

BARRY CALLEBAUT Annual Report 2025/26 Letter to Shareholders Overview Business Highlights Financial Reports Governance 5

Sales volume

in tonnes

Sales revenue

in CHF million

Sales volume by Sales Group

in tonnes

2,400,000

2,000,000

1,600,000

1,200,000

800,000

400,000

0

2021/22 2022/23 2023/24 2024/25 2025/26

16,000

14,000

12,000

10,000

8,000

6,000

4,000

2,000

0

2021/22 2022/23 2023/24 2024/25 2025/26

and Africa

Latin America 63,694

Global Cocoa 395,621

14%

Western Europe

681,436

North America

485,291

Central and Eastern Europe

285,477

Asia Pacific, Middle East

198,347

19%

9% 3%

23%

32%

EBIT reported

in CHF million

750

600

450

300

Net profit reported

in CHF million

500

400

300

200

Sales volume by Product Group

19%

in tonnes

Food Manufacturers 1,420,386

Gourmet 293,859

Cocoa Products 395,621

14%

67%

150

100

0

2021/22 2022/23 2023/24 2024/25 2025/26

EBIT recurring3

0

2021/22 2022/23 2023/24 2024/25 2025/26

Net profit recurring3

3Refer to page 141 for detailed recurring results reconciliation.

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