Letter from the President

My father founded this company in 1959 on a simple idea: that industry can create lasting value for the people it employs, the customers it serves and the communities around it. More than sixty‑five years later, with the third generation of our family now leading our businesses, that idea has not changed — it has deepened.

We were the first PET recycler in Portugal, bringing circularity into the polymer industry long before it became a regulatory expectation, because we believed it was the right way to build a company meant to last. Sustainability, for us, is not a programme bolted onto the business. It is the business — expressed today in our strategy, Built with Purpose, Designed for Circularity. This report sets out how we lived that strategy in 2025, told honestly and with the transparency our stakeholders are entitled to expect.

2025 was not an easy year in which to lead a manufacturing business. Geopolitical uncertainty, a fast-moving regulatory landscape and significant pressure on both the availability of recycled materials and the pricing of virgin and recycled raw materials tested every producer in our sector. We chose to meet that environment with proactive leadership rather than caution — staying ahead of regulation, investing in readiness, and working closely with partners across our value chain.

We were able to do so because sustainability is governed, not improvised: our Board, executive management and a dedicated Sustainability Committee oversee our ESG priorities, risks and opportunities directly, and our refreshed strategy for 2025-2030 organises that work around five clear priorities: transforming circularity, accelerating decarbonisation, driving inclusive circular impact, acting with integrity, and empowering our people. As a signatory of the United Nations Global Compact, we hold ourselves to its principles across everything we do.

Through all of it, two things remain non-negotiable. The first is integrity — upheld through our codes of conduct, regular training and confidential reporting channels, and owned at the highest level of the company. The second is the safety and wellbeing of our people, who are the reason any of this is possible. We do not present a perfect year; we present an honest one, with the challenges named alongside the progress, and a clear plan to do better where we must.

Looking ahead, I am especially proud of the Everbio Innovation Hub — a long-held ambition of mine, now established at our Portalegre site to unite the Group’s circular polymer innovation under one roof and develop the next generation of recycled and bio-based materials. The Everbio Innovation Hub — and the further investments we are making alongside it — are exactly the kind of long‑term, generational commitments this company was built to make. I am confident in the direction we have set, and in the responsible leadership that will carry it into the next generation. To our employees, our customers and our partners — thank you. Your trust is the foundation we continue to build on.

Manuel Matos GIl

President