Trading Update

Accsys, the world's leading supplier of premium, high performance and sustainable wood building materials, today provides a trading update for the five months ended 31 August 2025 ahead of its Annual General Meeting ("AGM") which takes place at 14.00 hrs (BST) today at the offices of Panmure Liberum, Ropemaker Place, 25 Ropemaker Street, London, EC2Y 9LY. All numbers in this announcement are unaudited.

Revenue and sales volumes (m³) to 31st August 2025

1 Accsys has a 60% shareholding in Accoya USA, a joint venture (JV) with Eastman Chemical Company. Whilst the JV is equity accounted for financial reporting purposes, the aggregated revenue figure includes Group revenue plus 60% of the JV revenue

² At constant exchange rates, aggregated revenue growth would be +23%

³ Includes 3,726m3 of sales to North America (NA), prior to NA sales being transferred to the JV

⁴ Total Sales Volumes include all Group sales and 100% of sales from the JV

Current trading and outlook

Accsys is pleased to announce strong trading for the first five months of the year, in line with the Board's expectations for the financial year ending 31 March 2026.

• Growth in Group revenue of 4% year-on-year to €60.4m, reflecting positive sales momentum. When excluding prior period sales transferred to North America, on a like-for-like basis, revenues grew by 26% year-on-year.
• Robust Accoya product demand, with total Accoya sales volumes for the five months ended 31 August 2025 of 31,376m³, representing year-on-year growth of 28% against a backdrop of continuing challenging macroeconomic conditions. This year-on-year growth also reflects the benefit of a softer prior year comparator in Q1 FY25.
• Continuation of positive sales trajectory seen in FY25 with significant growth in volumes across all regions: 12% growth in UK&I; 24% growth in Rest of Europe; 36% growth in Rest of World, and 25% growth for Accoya for Tricoya.
• Accoya USA at inflection point - 55% year-on-year growth in North America sales volumes demonstrating positive momentum in the Accoya USA joint venture, driven by expanded distribution and accelerated sales following the start-up in 2024.

o Distribution capabilities were further strengthened by the addition of three new North America distributors, extending and enhancing our reach:

§ Hardwoods Specialty Products US LP, strengthening distribution in high demand Western states;

§ GMX Group, a wholesale distributor with a focus on the retail customer, improving availability in high growth regions including Florida and Texas;

§ Klinai, the first Mexican Accoya distributor, which has an established customer base in outdoor structural timber beams.

o Ongoing progress to further expand Accoya distribution networks across North America, with a strategic focus on high-growth markets in Florida, Texas, and California.

o Accoya USA continues to be shielded from the impact of US tariffs, with exemptions currently in place for raw wood imports from New Zealand.

• Strong customer demand for Accoya Color, our colour enhanced product, supports an increase in production capacity in Barry, UK.

Dr Jelena Arsic van Os commented:

"We are very pleased to be reporting strong sales growth across all of our major markets despite continuing challenging macroeconomic conditions. Accsys continues to gain market share and has effectively replaced, in full, the volume transferred from Arnhem to our joint venture. Our footprint in North America is growing, with the addition of new distributors complementing our existing sales channels. The positive momentum across all regions is accelerating demand for our high-performance, differentiated products and increasing utilisation of our facilities."

"As a Group, we are delivering. We continue to drive sales momentum and sustainable profitable growth in line with the ambitions we set out for Phase I of our FOCUS strategy."

Notice of interim results

The company will announce its interim results on 25th November 2025.

Visit www.accsysplc.com

To find out more visit: www.accoya.com