Third quarter and nine months 2025 trading update

Preparing to reset the Company while carefully navigating a challenging market environment

• Q3 2025 revenue decline vs. Q3 2024 at constant currency (3.9)% (constant currency and constant resin¹ (4.3)%)
• 9M 2025 revenue growth vs. 9M 2024 at constant currency +0.4% (constant currency and constant resin¹ (0.1)%)
• Q3 2025 adjusted EBITDA margin 16.0% (Q3 2024: 25.0%), including non-recurring charges (Q3 2025 EBITDA margin, excluding non-recurring charges 24.0%)
• 9M 2025 adjusted EBITDA margin 21.1% (9M 2024: 24.0%), including non-recurring charges (9M 2025 EBITDA margin, excluding non-recurring charges 23.7%)
• Non-recurring charge of €320 million, before tax, recognized in Q3 2025
• Confirm revised 2025 full year guidance as published on 18 September 2025
• Investor Update on October 30, 2025 to focus on Company strategy

¹ Constant resin growth excludes the impact of movements in the resin price in the bag-in-box and spouted pouch businesses Any movement in resin costs is directly passed on to customers.