Press Release Holland Colours Financial Results 2024/2025

PRESS RELEASE

HOLLAND COLOURS RESULTS 2024/2025

RESTORING GROWTH

Uncertainties around the global economy and world politics continued to increase over the past financial year. In part due to these unfavorable circumstances, the Building & Construction market in Europe and North America declined slightly versus the previous year. Global Packaging markets and Coatings & Sealants in Europe were relatively stable. Despite the adverse trends, we managed to grow our business in line with our goals and continued to strengthen our organization.

Holland Colours can report the following results for the 2024/2025 financial year:

• 8.7% revenue increase on the previous financial year;

• Operating result of € 7.9 million versus € 7.0 million in the previous year;

• Net result of € 5.9 million versus € 5.2 million in the previous year, while net earnings per share came

  in at € 6.85 versus € 6.02 the previous year;

• Final dividend proposed of € 5.9 million (€ 6.85 per share).

Revenue for the 2024/2025 financial year was € 112.3 million, an increase of 8.7% on the previous year (€

103.3 million), primarily driven by volume increases.

Revenue in the EMEIA division (Europe, Middle East, India and Africa) increased versus the previous year. The most important factor driving this revenue increase was the execution of our strategic growth plan, which continues to gain momentum as we move forward. Additionally, we benefited from volume growth in the Building & Construction market in the Middle East.

Our Asia division saw a decrease in revenues compared to the previous year. The Chinese market, where our business is predominantly focused on selling colorants for UHT dairy bottles, experienced a further decline in sales versus the previous year. This was due to changing packaging concepts. We also saw lower volumes in the domestic Indonesian market. However, our business in other Southeast Asian countries experienced an increase in revenues compared to the previous year.

The Americas division saw revenues increase compared with the previous year. Even though the North American housing market did not improve versus 2023/2024, we secured several strategic business projects in Building & Construction that increased volumes. Packaging also contributed to the overall growth in revenue.

The net margin for the Group was € 55.6 million, an increase of € 6.8 million on the year before. The margin as a percentage of revenue ended higher, at 49.5% versus 47.2% in the previous year. This increase was mainly due to continuous effective margin management across all regions.

Operating expenses were € 47.6 million, € 6.0 million (14.2%) higher than the previous year. This increase was

in line with our strategic road map and included higher costs related to sales, technology, marketing and IT.

The net result was € 5.9 million (€ 6.85 per share) versus € 5.2 million in the previous year (€ 6.02 per share). Net cash flow came in at € 2.0 million positive in 2024/2025, versus € 2.8 million positive in the previous year.

This stemmed from, among other reasons, operating activities of € 7.3 million, a cash outflow from investment of € 2.1 million, a dividend payout of € 2.6 million and a cash outflow from other financial activities of € 0.6 million.

As policy, Holland Colours aims to distribute at least 50% of its net profit as dividend, provided that the solvency ratio continues to be at least 40% after distribution. In recognition of the trust and support of our shareholders, we propose to distribute a final dividend of € 6.85 per share, which represents 100% of the net profit in 2024/2025.

OUTLOOK 2025/2026

Globally, uncertainties regarding international politics have further increased. Recent developments concerning global trade tariffs are likely to negatively impact the world economy in 2025/2026.

At the time of preparing this report, we are estimating the short-term direct effects of the US government's import tariffs on our business and identifying mitigation possibilities. These primarily involve searching for alternative sourcing opportunities and passing on cost increases to our customers. The indirect effects of import tariffs, in the form of lower market demand, are hard to predict. Therefore, we remain cautious regarding business expectations for 2025/2026.

Our strategy includes specific initiatives to accelerate the growth of our core business, and we are committed to developing new, innovative opportunities in the area of recycling and circularity. Our strategy continues to reflect our commitment to solidifying our position as an independent supplier of pigment and additive concentrates. Holland Colours traditionally does not include forward-looking financial statements in its annual reports, and we continue to adhere to this policy.

Apeldoorn, May 28, 2025

Board of Management Coen Vinke (CEO) Martijn Klomp (CFO)

Eelco van Hamersveld (CTO)

CONSOLIDATED INCOME STATEMENT

FOR THE YEAR END ED Z1 MARCH

In thousands of euros

NDue

2024Y2O25

Revenue

7 1 1 2.347

(56.779}

Contribution Margin

Pe• sonne Expenses

Dzp •ec arion and Impairments Orher Opera‹in$ Expen ses Total Dperating Expenses

Operating Result

55,568

(24.22 7)

(B)

(3.420)

(19.986

(47,641)

7,9Z7

48.746

(41,735)

7.011

274

(91)

Finance Income and Expenses

Result Before Income Tax

8,110

7.017

Income Tax

(2.220)

Net Result for the Year

Attributable to:

Sha•ehD ders o' ne Company Net Result 1'or the Year

Earnings per Share Attributable to Shareholders of

the Company in Euros Basic Earni nos pz• Share Diluted Ea•n ng nz• Share

5,890

5.890

5,86

685

685

5.182

?,1 b?

5.182

b 02

b 02

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 MARCH

In chousands of euros

Noce

202%Z025

Net Result for the Year

Items that may be reclassirud ubsequentIy to profit or loss*

5.890

5,182

CONSOLIDATED BALANCE SHEET

CONSOLIDATED STATEMENT OF CHANGES IN E$U/TV

'0 P TH E ° EA P END- 3 31 K'1ARCH

Share

Share

Premium Tr anslati on

Other

Total

Capital

Reserve

Reserve

Reserves

Equity

As at 31 March 2023

ToEal Comp rehen sive Income

58, 84 3

5,1 B2

3)

(2,934)

As at 31 Ma rch 2024

1,953

1,219

721

57,562

61,4SS

5, 890

Total Comp reh en sive Income

(303)

5, 587

588)

As at 31 M arch 2025

J,953

1,219

367

60,91 S 64,454

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH

In thousands of euros

Operating Result AdjustmentS for.

• Amortization/lmpairments Intangible

  Note 2D24Y2025 7,927

  2O23/2D24

  7,011

  In thousands of euros

  Cash Flow from Investing activities Purchases Intangible Assers

  Proceeds Sale Property, Plant and Equipment

  Note 2024Y2025

  (221

  148

  2D23/2024

  (1 )

  1 6

  Assets

  11 8

  Purchases Property, Plant 12 {2,2001
  
  

  (4,469}

  Depreciation/Impairments Properg,

  Plant and Eouioment J2

  2,866

  2,558

  Net Cash from Investing Activities

  {Jog

  (4.454)

• Depreciation Ri8^‹-°*-*» ••‹* 13

• Gains/Losses on Sale Propeny, "lanc and Equipment

  
  
  

  Changes in

• Changes Working Capital:

(261

318

S6d Cash Flow from Financing cnivities Dividends Paid

Lease Liabilities Repayments

(373) Net Cash from Financing Activities

(2,5881

23 (46SI

(2,934)

(665)

(3,599}

• Change in inventories

• Cfiange in receivables

• Cfiange in Liabilities

I2,642I 11,691)

1,446

497

‹80) 2,D22

Cash and Cash Equivalent as at 1 Exchange Rate Translation Differences on Cash and Cash Equivalents

18,S23

(1 291

89

• Excha°8e Rate Differences

(36)

Cash and cash Equivalents as at 31 March 17 2O,5BB

18,523

Cash Flow from Operanng Activities

Income Tax Paid Finance Income

(1,612)

274

1Z,318

141

Finance Expense {91)

Net Cash from Operating Activities

7,331

SEGMENT REPORTING

NOTES

Disclaimer

This press release is based on the Holland Colours 2024/2025 financial statements. These were prepared in accordance with the International Financial Reporting Standards (IFRS) as adopted by the EU, and this press release contains only a part of these statements. The Holland Colours annual report 2024/2025, including the financial statements is published on May 28, 2025 on the Company's website and will be presented to the General Meeting of Shareholders on July 10, 2025. The auditor has issued an Independent Auditor's Report on the 2024/2025 financial statements.

HCA

HOLLAND COLOURS

FIVE-YEAR SUMMARY

IN MILLIONS or Eueos, UNLESS STATED OTHERWIS E

Income statement Revenue

Opera ing result defore deorecia and a aiOn (EBITDA)

Depreciation of prop any, plant, equiomenf inangibIes

2024/25 2023/24 202Z/23 202J/22 2020/2J

(3 4) lv.ml l1 31 lJ al 13 1l

7.9 ZU 73 416 ; 3

Statement of cash flows

Cash flow from operating activities Invesrmens

Dividend

QI 9F fi00FCiQI ICIivlI l9S New cast fIOw'

2024/25 2023/24 2D2Z/23 2D2J/22 2020/2J

Resut ofdiscontinued opecatons Met fesutt

Statement of financial position

5.9

Revenue per division

9.6 Americas (in LSD) Asia USD)

TOtaI asses

82.8 7d.5 7s 6 79 6 bd.7

Ratios

PROFILE

Holland Colours develops and manufactures groundbreaking solid and liquid color concentrates, plus masterbatches and additive concentrates for rigid and flexible PVC for the building & construction industry, and for the production of PET and polyolefin-based packaging. We also produce color concentrates for use in coatings, sealants & adhesives and other applications.

As a company, we set out to deliver customer peace of mind through superior product performance, world-leading product stewardship and outstanding technical service. Our experts co-design color and functional solutions with our customers, develop solutions to support recycling and actively contribute to creating a more sustainable industry overall.

Holland Colours is a Dutch company, founded in 1979 and listed on the Euronext Amsterdam Stock Exchange. With committed employee shareholders and production locations in the Americas, Europe and Asia, we serve customers on every continent. To find out more, visit us at hollandcolours.com.

KEY DATES (provisional)

July 10, 2025 Annual General Meeting of Shareholders July 14, 2025 Ex-dividend listing

July 15, 2025 Dividend record date

July 25, 2025 Dividend payable

October 31, 2025 Publication of interim results 2025/2026 May 28, 2026 Publication of 2025/2026 Annual Report July 9, 2026 Annual General Meeting of Shareholders

Holland Colours NV

PO Box 720 | 7300 AS Apeldoorn | Netherlands Tel + 31 (0)55 368 07 00 |

ir@hollandcolours.com | https://www.hollandcolours.com |