Final Results

Dublin, London, 23 September 2025: Origin Enterprises plc ('Origin' or 'the Group'), the international group shaping the future of sustainable agriculture and land use, today announces its preliminary results for the financial year ended 31 July 2025 ('FY25').

FY25 Highlights:

• Adjusted diluted EPS to 54.21c (FY24: 48.06c); up 12.8%, ahead of guidance.
• Group operating profit3 increased 10.1% to €99.0m, with strong organic growth across both operating segments and our share of profit from our associates and joint venture.
• Operating margin6 improved to 4.3% (FY24: 4.1%), supported by a recovery in Agriculture and growth of the higher margin Living Landscapes business.
• Strategic acquisitions supported earnings diversification and growth, with the addition of five specialist ecology consultancies and a leading online distributor of garden and turf products.
• Exceptional gains of €2.1m (net of tax), mainly from property revaluation and joint venture asset disposals, net of legacy intangible asset write-downs.
• Robust balance sheet and strong cash generation and conversion to support future growth.

o Year-end net debt of €70.8m (FY24: €71.7m) with Net Bank Debt/EBITDA at 0.58x (FY24: 0.66x).

o Strong cash generation of €60.8 million (FY24: €6.2 million); Free cash conversion ratio of 117.9% (target: 80%).

• €19.7 million returned to shareholders via completion of our most recent share buyback programme and €17.8 million in dividends.
• Proposed final dividend of 14.15c per share; total FY25 dividend 17.30c, an increase of 3% on the prior year, representing a payout ratio of 36.5%.

Origin's Chief Executive Officer, Sean Coyle, commented: "We delivered a very strong performance in FY25 with growth across both our Agriculture and Living Landscapes segments. Total Group Operating profit of €99.0m is up 10.1%, with adjusted diluted EPS of 54.21c, up 12.8% year-on-year. Cash generation was also strong, funding investment, acquisitions and shareholder returns, while maintaining leverage below 1.0x EBITDA.

In Agriculture, operating profit increased 2.5% to €73.4m. Although weather conditions in the key autumn planting timeframe were much improved on the prior year, there were challenges later in the year across the regions, including the driest spring in over 50 years in the UK. With grain and oilseed prices weakening throughout the year, farmers were more selective in their spending on inputs. With a strong focus on customers and our product offering, the Agriculture business remained resilient delivering market share growth over the prior year. We opened a new glasshouse trials facility during the year at Throws Research Centre to fast-track trials and innovation on biosolutions, and we remain on course to deliver our FY32 science-based targets, embedding best practices within agricultural systems while scaling nature-based solutions in Living Landscapes.

Strong growth in Ireland and the UK was supported by improved winter planting areas and increased input demand for animal and soil nutrition. Continental Europe was mixed, with good growth in Poland offset by a reduced contribution from Romania, which was impacted by constrained farmer credit following two years of drought conditions in the region. Underlying performance in our Latin America business was in line with prior year, against a challenging market environment, with reported performance impacted by lower valuation of the Brazilian Real. Our Joint Venture feed business also delivered a very strong year driven by sustained high demand for feed, supported by good output prices for dairy, beef, poultry and eggs.

Living Landscapes now represents 18.4% of Group earnings and had another impressive year, with operating profit up 39.1% to €16.6m. Growth was delivered both through organic expansion, and further acquisitions which broaden our product and service offering across our Sports, Landscapes and Environmental businesses. The division continues to expand its presence in higher-margin, faster growing markets, strengthening its role as a key pillar of the company's future growth.

Origin maintains leading positions in the majority of our key markets, and, with a robust balance sheet and outstanding teams, we are well-positioned to execute our medium-term strategy and deliver sustained value for shareholders."

Financial Summary

Group revenue

Group revenue increased by 3.1% to €2,109.1 million on a reported basis and 2.7% on a constant currency basis. Excluding crop marketing, revenue increased 4.8%, with volume growth of 4.3%, acquisitions contributing 1.0%, currency 0.3% and pricing -0.8%.

Operating profit1

Operating profit1 increased by 7.7% to €90.0 million (FY24: €83.5 million). Agriculture delivered a 2.5% increase to €73.4 million, while Living Landscapes grew 39.1% to €16.6 million, growing its contribution of operating profit to 18.4% (FY24: 14.2%). Of this Living Landscapes growth, circa. one-third was organic and two-thirds acquisition-led, with a marginal currency benefit. Group operating margin improved by 20bps to 4.3% (FY24: 4.1%), reflecting the increasing contribution from the higher margin Living Landscapes business.

Associates and joint venture2

Origin's share of the profit after tax from its associates and joint venture was €9.0 million (FY24: €6.4 million), with strong performance driven by sustained feed demand across Ireland, supported by firm output pricing in dairy, beef, poultry, pork and eggs.

Finance costs and net bank debt4

Net debt4 at 31 July 2025 was reduced by €0.9 million to €70.8 million (FY24: Net debt4 of €71.7 million). Strong cash generation during the year financed net working capital outflow of €17.8 million, including previously suspended fertiliser payments of €23.5 million, an acquisition spend of €17.8 million, capital expenditure of €29.5 million and returns to shareholders through share buy backs and dividends of €19.7 million.

Net finance costs amounted to €20.0million, which represents an increase of €1.4 million on the prior year, primarily reflecting the impact of increased average debt year-on-year.

On 31 January 2025, the Group agreed a new five-year €440 million sustainability-linked revolving credit facility. The new facility represents an increase of €40 million on the existing facility and extends the facility to 31 January 2030. The facility also has two further extension options of one year each, and a further €100 million uncommitted loan facility.

At year end the Group's key banking covenants were as follows:

Working capital

A working capital outflow of €17.8 million was primarily driven by the payment of €23.5 million relating to supplier amounts which had been previously suspended in accordance with international sanctions imposed by authorities in response to the Russian invasion of Ukraine in 2022. A €5.7 million balance remains to be paid to entities connected to sanctioned parties.

Adjusted diluted earnings per share ('EPS')3

Adjusted diluted EPS3 of 54.21 cent per share (FY24: 48.06 cent), represented an increase of 12.8% on a reported basis and 14.4% on a constant currency basis.

Free cash flow

The Group generated FCF in the year of €60.8 million (FY24: €6.2 million) representing a FCF conversion of 117.9%, primarily driven by disciplined working capital management, and stronger operating profit in FY25.

FCF is the total of earnings before interest, tax, depreciation (excluding depreciation of IFRS 16 Right of Use leased assets), amortisation of non-ERP related intangible assets and exceptional items of wholly owned businesses ('EBITDA') adjusted to take account of interest, tax, routine capital expenditure, working capital cash flows and dividends received.

FCF conversion ratio is FCF as a percentage of profit after tax of wholly owned businesses, excluding exceptional items and amortisation of non-ERP related intangible assets.

Return on capital employed

The Group delivered a ROCE of 12.0%, an increase of 80 bps versus FY24 and in line with our target range of 12-15%. This performance was largely driven by improved operating profit in FY25. ROCE is a key performance indicator for the Group and represents Group earnings before interest, tax, and amortisation of non-ERP related intangible assets from continuing operations ('EBITA') taken as a percentage of the Group Net Assets. For the purposes of this calculation:

Exceptional items

Exceptional items net of tax amounted to income of €2.1 million in the year (FY24: charge of €4.3 million).

Acquisition related items in FY24 include adjustments to the fair value of contingent consideration. Operations in Ukraine were closed in FY24, costs in respect of FY25 relate primarily to costs associated with sanction payments. Redundancy and restructuring costs were largely driven by restructuring within Agrii UK to position the business for future growth. Fair value adjustment relates to the increase in the value of investment properties following external valuations completed in the year. Write down of intangible assets relates to the brand IP connected with legacy UK acquisitions which following review in the year were adjusted to recoverable value. Associates and joint venture income relate primarily to the gain on disposal of property.

Dividends

The Directors propose a final dividend of 14.15 cent per ordinary share for approval at the AGM on 20 November 2025, bringing the total dividend payment for FY25 to 17.30 cent. Subject to shareholder approval at the AGM, the final dividend will be paid on 6 February 2026 to shareholders on the register on 16 January 2026.

Board changes

We are delighted to have further strengthened our Board in FY25, with the addition of two new Non-Executive Directors. Dick Hordijk joined the Board effective 16 October 2024, and Jenny Davis-Peccoud joined the Board on 22 November 2024, each bringing extensive sector experience to Origin. Christopher Richards is currently serving his final term and will retire from the Board 1 October 2025. After almost ten years as a Non-Executive Director, including three years as Group Chairman, Gary Britton has informed the Board of his intention to retire from his role as Group Chairman and step down from the Board of Origin in advance of the 2026 AGM. The process to appoint a suitable successor, led by the Nominations Committee, is in process under the leadership of the Senior Independent Director.

Innovation and Sustainability

In FY25, Origin expanded its environmental services within Living Landscapes, further strengthening its role in biodiversity and nature-based solutions. The Group continued to advance its carbon reduction agenda in line with validated SBTi commitments, supported by investment in data quality and digital platforms to measure and manage emissions. Innovation was accelerated through the opening of a new glasshouse trials facility at Throws Research Centre to fast-track biosolutions.

Corporate development

During the year, Origin invested €17.8m in the completion of six acquisitions, further expanding the scale and capability of the Living Landscapes segment. In Environmental, the acquisitions of Avian Ecology, Bowland Ecology, Brooks Ecological, GE Consulting and Scott Cawley created one of the UK and Ireland's largest ecological advisory platforms, with 175 ecologists and a combined team of 240 employees providing end-to-end capability from baseline surveys to habitat creation and long-term monitoring. The addition of Elixir Garden Supplies, a leading online distributor of garden and turf products in the UK, broadened the division's reach into consumer markets alongside its strong professional offering.

Collectively, these acquisitions enhance the technical depth of our offering, extend our geographic coverage, and reinforce Living Landscapes' position as a leading UK provider of integrated, nature-based solutions - directly supporting the Group's ambition to diversify its earnings base and increase the profit contribution from structurally higher-margin businesses.

Origin's strategy is to create long-term shareholder value, supported by regular and transparent communication with capital market participants. Engagement with institutional investors is led by the executive management team, including the Chief Executive Officer, Chief Financial Officer, the Managing Director of Living Landscapes, and the Head of Investor Relations. In FY25, the Group engaged with 147 institutional investors through in-person and virtual conferences, roadshows and dedicated meetings, ensuring broad access to management across the shareholder, and prospective shareholder, base.

Annual General Meeting (AGM)

The AGM is scheduled to be held on 20 November 2025 at 11.00am (UK/Ireland time) in the InterContinental Dublin, Simmonscourt Road, Dublin 4, Ireland.

Agriculture

Agriculture revenue and operating profit increased by 1.4% and 2.5% respectively in FY25, with growth in Ireland and the UK more than offsetting lower contributions from Continental Europe and Latin America.

Ireland and the UK

Change on the prior year 4

Operating profit increased 12.5% to €43.8 million, with margin up 40 bps to 3.6% (from 3.2%). The increase in operating profit was driven by both the recovery in winter planting area following the weather-impacted prior year, and strong momentum in Soil Nutrition and Animal Nutrition. Revenue increased by 1.9% to €1,231.1 million reflecting underlying volume growth of 2.2%, which was partially offset by a pricing headwind of (-1.8%) and currency 1.5%.

Sustainable Agronomy

Improved autumn conditions supported a recovery in UK winter cropping versus the prior year, with the area of winter wheat up 24% year-on-year to 1.67 million hectares. Total plantings were broadly stable at c.4.0 million hectares, with an improved mix of winter versus spring cropping. Despite the impact of the driest spring in five decades on crop development, and the resulting early harvest with variable yields, agronomy activity levels recovered compared with the prior year. Our agronomists helped growers manage input spend carefully, favouring targeted programmes which was necessary as grain and oilseed prices weakened through the year.

Soil Nutrition

Fertiliser demand was strong in FY25, led by Ireland where robust dairy and beef prices supported sustained applications across grassland. In the UK, a larger winter cropping area supported demand, while effective stock management and a well-positioned order book ensured availability at the right times. Overall, volumes increased year-on-year, with average pricing broadly stable versus FY24.

Animal Nutrition

Significant feed demand in FY25, compared to a strong prior year, was supported by firm dairy, beef, poultry, pork and egg prices.

The Group's 50% associate, John Thompson & Sons Limited, also reported a strong performance, reflecting consistent feed demand across its core markets.

Continental Europe

Change on prior year 3

Continental Europe ('CE') delivered a solid performance in FY25, with operating profit of €16.0 million (excluding crop marketing), a decrease of 3.5% on FY24, with margin decreasing by 50bps to 3.9%. The reduction was largely driven by weaker farm liquidity and an adverse product mix in Romania, where grower investment remained cautious after several challenging drought-impacted seasons. This was partly offset by a strong performance in Poland, supported by stable cropping conditions and continued demand for higher-value inputs.

Overall revenue, excluding crop marketing, increased by 8.2% in the year, driven by a 7.9% increase in volumes.

Poland

Poland delivered a strong performance in FY25, supported by a stable cropping area of approximately 9.0 million hectares and broadly favourable weather conditions. Timely establishment of winter crops provided a solid foundation for yields, which tracked at, or above, average in most regions.

Demand for agronomy services was ahead of the prior year, reinforcing the positive contribution to divisional performance. Farm margins remained comparatively resilient, underpinned by more stable pricing conditions and a balanced supply-demand environment relative to neighbouring markets. This supported continued investment in crop protection and nutrition, with demand weighted toward higher-value input programmes and services.

Romania

Romania delivered a solid performance in FY25, though profitability remained constrained by prolonged pressure on farm balance sheets. Planting areas were broadly unchanged year-on-year at c.8.9 million hectares, however growers adopted more cautious cropping strategies, favouring winter crops such as barley and rapeseed for resilience over spring planted maize.

Overall volumes increased by 6.6% on the prior year, supported by a stronger production base, however, farm investment remained focused on cost-efficient inputs. This shift in product mix diluted margins.

Latin America

Change on prior year 3

Latin America delivered a solid performance in FY25, with operating profit of €13.0 million compared with €15.1 million in FY24. The year-on-year reduction was primarily attributable to a €2.2 million adverse currency translation impact from the devaluation of the Brazilian Real. Excluding this, profitability was broadly in line with the prior year, representing strong delivery against a challenging market backdrop.

Revenue of €128.5 million declined by 1.2% on a reported basis but increased by 13.2% at constant currency, with underlying volumes up 11.6%. Growth was broad-based across product categories, led by the Physiology & Nutrition portfolio and Controlled-Release Fertilisers ('CRF'). F1rst AgBiotech also contributed, with volumes doubling year-on-year as its early-stage portfolio gained further traction.

Performance was delivered against challenges in the Agricultural retail channel and at farm level, where several Brazilian distributors have entered judicial reorganisation in recent years due to legacy stock imbalances and tighter credit conditions. These dynamics and competitive market pricing contributed to a reduction in operating margin. Established customer relationships, a disciplined credit approach and a diversified portfolio supported further consistent volume growth and market share gains.

Living Landscapes

Change on prior year 3

Living Landscapes delivered another year of strong progress in FY25, contributing 18.4% of Group operating profit at €16.6 million, compared with 14.2% in FY24. The increase in operating profit reflected both organic growth in the segment (circa. one-third) and earnings from recent acquisitions (circa. two thirds), with a marginal currency benefit. Operating margin improved by 90bps to 8.9%.

Revenue increased 24.8% to €186.4 million, with acquisitions contributing 12.4% and organic growth of 10.4%. During the year, in addition to our ongoing focus on integration and synergy realisation, the division further strengthened its organisational structure, appointing Managing Directors for Sports and Landscapes, further enhancing leadership capability alongside the existing Managing Director for Environmental.

Sports

Our Sports sector delivered solid growth, supported by favourable trading conditions that extended application windows and sustained demand from investment in both professional and grassroots facilities. The addition of Elixir Garden Supplies in May, a leading online distributor, further extended the sector's reach across both professional and consumer markets.

Landscapes

Our Landscapes sector continued to benefit from structural investment in urban greening, afforestation and infrastructure projects. The portfolio was strengthened by the full year contributions of Groundtrax, the UK's leading provider of ground protection and reinforcement systems, and Suregreen, a supplier of forestry, tree protection and landscaping products with in-house manufacturing and national delivery capacity in the UK.

Environmental

Our Environmental sector delivered strong earnings momentum, broadening its geographic reach and technical expertise to meet increasing demand for ecological surveys, biodiversity net gain (BNG) and environmental planning services. With 175 ecologists and a total team of 240 employees, the sector now operates one of the UK and Ireland's largest dedicated ecological platforms. Acquisitions including Avian Ecology, Bowland Ecology, Brooks Ecological, GE Consulting and Scott Cawley have created an end-to-end capability spanning baseline assessment to habitat creation and long-term monitoring.

Origin Enterprises plc

Consolidated Income Statement

For the financial year ended 31 July 2025

Other comprehensive (expense) / income

Items that will not be reclassified subsequently to the Consolidated Income Statement:

Group/Associate defined benefit pension obligations

Items that may be reclassified subsequently to the Consolidated Income Statement:

Group foreign exchange translation details

Origin Enterprises plc

Notes to the preliminary results statement

For the financial year ended 31 July 2025

1 Basis of preparation

The financial information included on pages 11 to 30 of this preliminary results statement has been extracted from the Group financial statements for the year ended 31 July 2025 on which the auditor has issued an unqualified audit opinion.

The financial information has been prepared in accordance with the accounting policies set out in the Group's consolidated financial statements for the year ended 31 July 2025, which were prepared in accordance with International Financial Reporting Standards as adopted by the EU.

The consolidated financial information is presented in Euro, rounded to the nearest thousand, which is the functional currency of the parent.

2 Segment information

The Group performed a review of operating segments during the prior year. Given the recent acquisitions in the Ecology and Environmental sector and the Group's strategic objective to expand further into this sector, the Group has determined there are two operating segments as follows:

Agriculture

Living Landscapes

This segment includes the Group's wholly owned Amenity, Environmental and Ecology operations, providing a range of consultancy, inputs and technical solutions in sports turf management, landscaping, and environmental conservation.

Segment results, assets and liabilities include all items directly attributable to a segment.

Segment capital expenditure is the total amount incurred during the period to acquire segment assets that are expected to be used for more than one accounting period.

Origin Enterprises plc

Notes to the preliminary results statement (continued)

For the financial year ended 31 July 2025

2 Segment information (continued)

Segment revenue and results

Origin Enterprises plc

Notes to the preliminary results statement (continued)

For the financial year ended 31 July 2025

3 Exceptional items (continued)

Fair value adjustment of investment properties

During the financial year, the Directors commissioned an independent valuations expert to conduct a valuation of the Group's investment properties. Following this assessment, an uplift of €6.2 million was reflected. The tax impact of this exceptional item in the year was a tax charge of €0.5 million.

Write-down of intangible assets

Following a strategic review during the financial year, intangible assets related to legacy acquisitions within the Agriculture segment were written down by €8.6 million. The tax impact of this exceptional item in the year was a tax credit of €2.0 million.

Ukraine-related costs

Ukraine-related costs comprise of costs associated with international sanctions imposed by authorities in response to the Russian invasion of Ukraine. The tax impact of this exceptional item in the year was a tax credit of €0.2 million. In the prior year, this exceptional item had also included costs attributable to termination payments from restructuring programmes in Ukraine.

Acquisition, disposal and other related costs / (credit)

Acquisition and other related costs principally comprised of transaction costs incurred in relation to the acquisitions completed during the current year. In the prior year, this exceptional item had included a credit for the release of deferred consideration no longer payable.

Redundancy & restructuring costs

Redundancy & restructuring costs relate to termination payments from restructuring during the year.

Arising in associates and joint venture

During the financial year, R&H Hall Limited disposed of a property. A credit of €8.3 million, net of tax, represents the gain on disposal. Also included is a redundancy charge of €0.8 million.

Origin Enterprises plc

Notes to the preliminary results statement (continued)

For the financial year ended 31 July 2025

4 Earnings per share

Basic earnings per share

8 Provisions for liabilities

The estimate of provisions is a key judgement in the preparation of the financial statements.

Provisions primarily relate to contingent acquisition consideration arising on a number of acquisitions completed during the current and prior years.

Origin Enterprises plc

Notes to the preliminary results statement (continued)

For the financial year ended 31 July 2025

9 Post-employment benefit obligations

The Group operates a number of defined benefit pension schemes and defined contribution schemes with assets held in separate trustee administered funds. All of the defined benefit schemes are closed to new members.

The valuations of the defined benefit schemes used for the purposes of the following disclosures are those of the most recent actuarial valuations carried out at 31 July 2025 by an independent, qualified actuary. The valuations have been performed using the projected unit method.

Movement in net asset recognised in the Consolidated Statement of Financial Position

10 Acquisition of subsidiary undertakings

On 30 August 2024, the Group acquired 100% of the share capital of Bowland Ecology Limited, specialising in terrestrial and freshwater ecology, delivering a full range of ecological technical solutions.

On 2 September 2024, the Group acquired 100% of the share capital of Avian Ecology Limited, a company providing a broad range of services, particularly specialising in the areas of ornithology and renewable energy issues.

On 25 October 2024, the Group acquired 100% of the share capital of Brooks Ecological Limited, a company providing expertise in ecology and biodiversity alongside additional specialisms in arboriculture and landscape architecture.

On 25 October 2024, the Group acquired 100% of the share capital of GE Consulting Services (UK) Limited, a company providing ecological and arboricultural consulting services and practical land management solutions.

On 1 April 2025, the Group acquired Scott Cawley Limited, a company that provides ecological survey and impact assessment services to the planning and development sectors in Ireland.

On 9 May 2025, the Group acquired 100% of the share capital of Elixir Garden Supplies Limited, a UK-based industry leader in online gardening supplies with extensive expertise in fertilisers, feeds and garden care.

Origin Enterprises plc

Notes to the preliminary results statement (continued)

For the financial year ended 31 July 2025

10 Acquisition of subsidiary undertakings - continued

Fair

value

€'000

Assets

Non-current

Details of the net assets acquired and goodwill arising from the business combinations are as follows:

• Trade Receivables acquired were €4.5 million. All amounts deemed recoverable.

Origin Enterprises plc

Notes to the preliminary results statement (continued)

For the financial year ended 31 July 2025

11 Analysis of net cash / (debt)

• During the financial year, the Group completed a share buy-back programme. The total number of ordinary shares purchased by the Group during the financial year was 550,839 for a total consideration before expenses of €1.9 million. The re-purchased shares are held as treasury shares.
• On 26 June 2025, the Group cancelled 5,578,844 treasury shares.
• During the financial year, the Group re-issued 644,326 treasury shares to satisfy the exercise of share options granted under the Company's Long-Term Incentive Plan (2015).

Origin Enterprises plc

Notes to the preliminary results statement (continued)

For the financial year ended 31 July 2025

13 Return on capital employed

Return on capital employed is a key performance indicator for the Group and represents Group earnings before interest, tax and amortisation of non-ERP related intangible assets taken as a percentage of Group net assets and is consistent with the definition approved as part of the 2015 Long Term Incentive Plan.

In years where the Group makes significant acquisitions or disposals, the return on invested capital calculation is adjusted accordingly to ensure that the impact of the acquisition or disposal is time apportioned appropriately.

14 Related party transactions

Related party transactions occurring in the year were similar in nature to those described in the 2024 Annual Report.

15 Dividend

The Directors are proposing a final dividend of 14.15 cent per ordinary share for approval at the AGM in November 2025, bringing the total dividend payment to 17.30 cent. Subject to shareholder approval at the AGM, this final dividend will be paid on 6 February 2026 to shareholders on the register on 16 January 2026.

16 Subsequent events

There have been no material events subsequent to 31 July 2025 that would require adjustment to or disclosure in this report.