CMGP Group: Consolidated Revenue Up 7% as of September 30

As of September 30, 2025, CMGP Group achieved a consolidated revenue of 1,784 million MAD, reflecting a 7% increase compared to 2024. This growth is primarily attributed to the strong performance of the Retail Business Unit, the expansion of private irrigation projects, and enhanced industrial capacities. The integration of Agrosem has also broadened the scope of activities and supported this growth trajectory. Targeted External Growth in High-Value Segments In line with its development strategy, CMGP Group has intensified its external growth initiatives through two significant operations: (i) increasing its stake to 70% in Agrosem, a key player in the seed market, and (ii) acquiring a majority share in CPCM, a specialist in phytosanitary and chemical products (pending approval from the competition council). These acquisitions expand the Group's offerings in high-value segments and strengthen its integrated model. Retail – Strong Growth Driven by Agro-supply, Solar, and Agrosem Integration (+14%) By September 30, 2025, the Retail Business Unit recorded a revenue of 1,511 million MAD, up 14%. This performance is supported by all segments of agro-supply, particularly seeds, fertilizers, and phytosanitary products, which are experiencing strong demand. The high demand for solar equipment, bolstered by the deployment of new solutions and an expanded network, also contributes to this momentum. The opening of the Marrakech agency, located in a strategically significant area, and the establishment of key partnerships have enhanced the commercial coverage of the Business Unit. Additionally, the integration of Agrosem has further solidified this development, contributing an extra 95 million MAD and reinforcing the Group's position in the seed segment. Projects – Gradual Recovery Driven by Private Sector Demand (-23%) The Projects Business Unit generated a revenue of 152 million MAD, down 23%. However, this decline is less pronounced than earlier in the year (down 29% at the end of June), indicating a gradual recovery in activity. Aside from the base effect related to an exceptional year in public markets in 2024, projects with private clients, particularly in irrigation, show a positive evolution of 5%. Furthermore, the order book is rebuilding, supported by an improving commercial pipeline. Industry – Acceleration of Volumes and Recovery of Non-Group Sales (+12%) As of September 30, 2025, the Industry Business Unit reported a revenue of 424 million MAD, an increase of 12%. This growth reflects the ramp-up of industrial capacities, driven by the commissioning of the Jorf Lasfar and Drarga sites. Non-group sales are beginning to show significant recovery: the decline observed since the beginning of the year has reduced to -25%, compared to -36% at the end of June, indicating a gradual recovery in a market undergoing adjustment. International – Continued Performance Growth of Subsidiaries (+2%) The International Business Unit recorded a revenue of 42 million MAD, up 2%. Export irrigation projects and the ramp-up of phytosanitary activities in Ghana and Côte d'Ivoire continue to develop and contribute to growth. Investments & Debt Investments made by the end of September 2025 amount to 100 million MAD, primarily focused on acquiring additional shares in Agrosem. Net debt at the end of the quarter stands at 91 million MAD, consistent with the activity levels and cash flows during the period. Changes in Consolidation Scope Compared to the end of 2024, the consolidation scope as of September 30, 2025, has evolved due to the integration of Agrosem, which will be fully consolidated in the 2025 accounts. Outlook The recent acquisitions of Agrosem and CPCM will pave the way for the implementation of industrial, commercial, and logistical synergies within the Group. These integrations will optimize product offering complementarities, strengthen the integrated value chain, and deploy new dynamics. Through these integrations, CMGP Group aims to create sustainable value, enhancing its operational performance and impact across all agricultural and related sectors.