High Conservation Value and High Carbon Stock areas with management and rehabilitation plans in place. We also continued to drive resource efficiency, achieving reductions in water and energy consumption at our mills while sourcing 99% of mill fuel from renewable sources. Our estates, mills and refineries continue to demonstrate responsible sourcing, with 85% of nucleus CPO production satisfying ISPO-certification standards as at 31 December 2025. Over in Brazil, CMAA’s Bonsucro-certified production was 3.7 million tonnes of sugar cane, representing 78% of total own cane production in 2025. Equally important is our commitment to our workforce and local communities. Over the years, we have funded and operated clinics, schools and educational programmes benefitting thousands of community members. Our focus on safety, training and employee welfare remains paramount. 2026 OUTLOOK Looking ahead to 2026, we can continue to expect commodity price volatility which will be impacted by the usual supply and demand drivers, and increasingly extreme weather patterns and geopolitical risks. As a price taker, we will continue to focus on targeted action plans to improve operational outcomes, strengthen cost controls, drive agronomic innovations and prioritise capex in critical areas. With the enhanced refining capacities and advanced technologies in the Edible Oils and Fats Division, our next steps will be to grow sales volumes through competitive pricing, enhance distribution and ensure product availability for Indonesia’s rising consumer and industrial demands. ACKNOWLEDGEMENTS The success of IndoAgri was built on the dedication, expertise and passion of its people and extended networks. I take this opportunity to sincerely thank my fellow Board members, management colleagues and all staff for their hard work and commitment. I am also grateful to our smallholders, business partners and customers for their trust and collaboration. Finally, I extend my appreciation to our shareholders for their continued confidence and support. MARK JULIAN WAKEFORD Chief Executive Officer and Executive Director Loading FFB onto a transportation vehicle 9 Annual Report 2025 Group Overview Operation and Financial Review Financials Other Information Sustainability and Governance
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