Norofert S.a. · BVB:NRF
Norofert — H1 2026 Earnings Presentation
35 slides from Norofert's earnings presentation, October 2026
Slide 1: Investor Presentation H1 Results 2026
6 N et a Shi SOL SANATOS INVESTOR PRESENTATION H1 RESULTS 2026 NOROFERTS.A. Company listed on the Bucharest Stock Exchange NRF / NRF29
Slide 2: Contents
CONTENTS 01 About Norofert 04 Norofert Strategy 02 H1 2026 Results 05 Norofert projects and investments 03 Agribusiness 06 Contact market context
Slide 3: About Norofert
SECTION O1 About Norofer Who we are, what we produce and where we operate USA Norofert Ag LLC Watertown, South Dakota BRAZIL || 2&5 Norte do Bast 0A Chapecd, Santa Catarina Norofert S.A.
Slide 4: Norofert in figures
Norofert, the research leader in regenerative agriculture and one of the largest input producers in Romania, is rapidly developing production facilities that support sustainable farming practices internationally, in Romania, the USA and Brazil. 85 3 3 products in the portfolio business lines factori
Slide 5: Norofert history
01 ABOUT NOROFERT N Norofert history N. Key milestones in the company’s development, 2000 - 2026 2000 2015 2018 2019 2020 2021 Norofert SRL is founded Start of production of The Norofert product Private placement ot Shares listed on the Share capital increase as a company its own organic range is ex
Slide 6: Management team
ol ABOUT NOROFERT Management team Vlad Popescu Chairman of the Board of Directors Vlad Popescu has been involved in agriculture and in Norofert since 2011. He started in the company by delivering products to farmers, thus becoming familiar with the agribusiness field Mircea Fulga CEO Mircea Fulga jo
Slide 7: Product portfolio
SOINSIANTATI OS) PLANTE SANATOASE O01 ABOUT NOROFERT Product portfolio 85 products developed in our own laboratory
Slide 8: Own production capacities
01 ABOUT NOROFERT N Own production capacities sovome 45,000 I/day 12,000 I/day 4,000 I/week 85 products conventional production line organic production line bacterial strain multiplication developed in our own laboratory NOROFERT P35 BIO Power Tek Power Mix Ready to use Granules Organics Organics Ho
Slide 9: H1 2026 Results
SOL SANATOS PLANTE SANATOAS SECTION 02 H1 2026 Results Profit and loss account, balance sheet and key indicators, on a consolidated basis
Slide 10: Consolidated key figures
02 HI 2026 RESULTS Consolidated key figures H1 2026 compared with HI 2025, RON million Operating revenue 26.23 HI 2025: 22.16 & 18.38% Operating revenue 21.97 HI 2025: 22.03 ¥ 0.28% Turnover 19.64 H1 2025: 19.03 & 3.18% Turnover 19.62 «= HI 2025: 18.62 5.34% EBITDA 6.77 H1 2025: 6.81 ¥ 0.58% EBITDA
Slide 11: Evolution of consolidated indicators
02 HI 2026 RESULTS N Evolution of consolidated indicators orm H1 2025 vs HI 2026, RON million, RAS HI 2025 @ 412026 H12026 context 26.23 c = Operating revenue rose by 22.16 21.92 18.38% and turnover by 20 19.03 8s 3.18%. 16.76 A The Group remains 15 profitable ona consolidated basis, : supported by
Slide 12: Consolidated balance sheet
02 HI 2026 RESULTS Consolidated balance sheet Selected balance sheet items, RAS, RON Selecte: items Fixed assets Current assets Inventories Receivables Total assets Total liabilities Equity Total equity and liabilities 30. 025, 30,402,944 64,481,670 14,222,317 49,672,320 98,567,121 71,746,718 26,728
Slide 13: Norofert Ag LLC, individual results
02 HI 2026 RESULTS N Norofert Ag LLC, individual results oar RAS, RON, 30.06.2025 vs 30.06.2026 Profit and loss account Balance sheet Selecteditems 30.06.2025 30.06.2026 Change Selected items 30.06.2025 30.06.2026 Change Turnover 1,785,149 3,694,583 106.95% Fixed assets 208,912 226,348 8.35% Operati
Slide 14: Agribusiness market context
SECTION 03 Agribusiness market | context : Trends in the inputs market and in organic farming
Slide 15: Recent evolution of the agribusiness market
03 AGRIBUSINESS MARKET CONTEXT Recent evolution of the agribusiness market 01 02 03 Growing demand for organic Contribution of the agribusiness Record harvests in 2026 products sector to Romania's economy In 2026, Romania recorded a historic agricultural year, achieving record harvests thanks to the
Slide 16: Recent evolution of the agribusiness market
Recent evolution of the agribusiness market Total agricultural area in Romania (million Organic farming area in Romania, % of ha) total agricultural area 80 5.46 6 '00 0 5.07 % % 0 4.42 % 5 70 % 0 % 3.59 4 60 % % 0 2.86 2.43 % 3 13.8 694 % 50 % 645 13.4 0 579 2 13.05 13.08 469 % 40 395 12.7 12.70 32
Slide 17: Norofert Strategy
y ss i ee ; 8 f Lj y A | | g } 7 4 | i : Norofert Strateg ETRACE ( Strategic pillars and development dire:
Slide 18: Strategic pillars: continuous innovation
04 NOROFERT STRATEGY N Strategic pillars eee PILLAR | Developing adaptable solutions through continuous innovation 3 new biotech solutions over the next 3 years Developing and launching at least three new innovative biotech solutions over the next 3 years.
Slide 19: Strategic pillars: international expansion
04 NOROFERT STRATEGY Strategic pillars PILLAR II International expansion 40 of consolidated turnover, from foreign markets Expanding operations on international markets, with the goal of foreign markets generating 40% of consolidated turnover in the coming years. > USA 7 Norofert Ag LLC Watertown, S
Slide 20: Why invest in Norofert
04 NOROFRERT STRATEGY Why invest in Norofert Investing to transform Romanian farming g Consolidated position in an emerging market segment x Continuous innovation a complete product range, proven efficiency, competitive prices close to those of conventional agriculture. Cx Complementary business lin
Slide 21: Credibility, governance and ESG performance
04 NOROFERT STRATEGY N Credibility, governance and ESG performance verona IE) Capital market Listed on the AeRO market of the Bucharest Stock Exchange since 2020. Two bond issues, in 2020 and in 2025. Audit Financial auditor: Contexpert, part of TMF Group Amsterdam, In the past the company was audit
Slide 22: Projects and investments
SECTION 05 Projects and investments The Group's investments in Romania, the USA and Brazil
Slide 23: Norofert investments
05 PROJECTS AND INVESTMENTS N Norofert investments Be Over RON 30 million invested in the last 6 years 2.5 RONm 5 nonm 10 RON m 3 ron m Acquisition of a high-capacity Acquisition of the Filipestii de Pacure M&A, cicqjuisition of the Zimnicea Development of the microorganism production line for solid
Slide 24: Zimnicea Farm, Agroprod CEV
O05 PROJECTS AND INVESTMENTS N Zimnicea Farm Agroprod CEV, 1,000 ha farmed organically Nororeer
Slide 25: Expansion on international markets: United States
05 PROJECTS AND INVESTMENTS Expansion on international markets United States of America 2020 Start of the project to enter the US market. 2021 - 2023 Product registration, certified field trials and development of a portfolio adapted to the US market. 2021 - 2023 Assembly of the production line. Pro
Slide 26: Norofert Ag LLC, United States of America
O05 PROJECTS AND INVESTMENTS Norofert Ag LLC united states of America A! COUNTRY 600 N-BACTER TERI AMINOTOP N— AMINOTOP S+MG i, / = AMINOTOP N
Slide 27: US product portfolio
05 PROJECTS AND INVESTMENTS N US product portfolio sire Agroplus Blend, adjuvant, and Agroplus Blend + Aminotop N ( ’ AGROPLUS BLEND Gn ~\ ADJUVANT FOR SWEET CORN i r fais] soon Eo bn dante moni cue AGROPLUS PN os Bly | ct ooxtscestegtoeremtaterw sence = BLEND) “Spray spreading and achesion on sweet
Slide 28: US product portfolio: application protocols
05 PROJECTS AND INVESTMENTS N US product portfolio sire Country, Citrus Rx and Sugarcane, application COUNTRY TURN CORN RESIDUE INTO SOIL VALUE protocols for autumn 2026 CITRUS Rx FALL 2026 APPLICATION PROTOCOL Five products. Targeted support for citrus vitality. pio [APPLICATION STAGE. Post-harvest
Slide 29: Expansion on international markets: Brazil
05 PROJECTS AND INVESTMENTS Expansion on international markets Brazil 2023 Start of the project to enter the Brazilian market. e 2024 Strategic partnership with Engenutri and start of line construction. 2025 Inauguration of the Chapeco factory, with a capacity of 15,000 litres per day. 2026 Aminotop
Slide 30: Norofert do Brasil, Chapecó, Santa Catarina
O05 PROJECTS AND INVESTMENTS N Nororeer N ofert do Brasil Chapecé, Santa Catarina
Slide 31: Brazil product portfolio
05 PROJECTS. FST Brazil product portfolio Aminotop line and sales estimates The portfolio marketed in Brazil is built around the Aminotop range, with six variants adapted to different crop nutrition needs. Internal estimates for the next two seasons point to significant growth in volumes sold, area
Slide 32: Production estimate in Brazil 2026-2027 season
ae N NOROFERT PROJE S AND INVESTMENTS Production estimate in Brazil 2026 - 2027 season Product Area,h Aminotop N 84,500 46,800 Aminotop Ultra 57,000 27,200 Aminotop Boron 31,950 22,600 Aminotop Zine 25,200 20,000 Aminotop S+MG 44,750 29,200 Aminotop MN 21,300 17,400 TOTAL 264,700 163,200 Values in B
Slide 33: Production estimate in Brazil 2027-2028 season
Norofert Brasil production estimate, 2027 - 2028 season Product Volume, litres Area,ha Estimated revenue Share Aminotop N 184,000 122,000 R$ 4,784,000.00 27.43% Aminotop Ultra 116,000 59,000 R$ 3,016,000.00 17.29% Aminotop Boron 101,250 72,500 R$ 2,632,500.00 15.10% Aminotop Zine 63,000 51,000 R$ 1,
Slide 34: Expenses and turnover in Brazil
65\ ‘PROJECTS AND INVESTMENTS Expenses and turnover in Brazil Management projections 2026 - 2028 Management estimates turnover of approximately BRL 6.88 million for the 2026-2027 season, the first full commercial season after the inauguration of the Chapeco factory. For 2027-2028, turnover is projec
Slide 35: Contact details
SECTION 06 Contact details Norofert Investor Relations Str. Lt. Av. Serban Petrescu nr. 20, Sector1, Bucharest In I [email protected] 0753 157858