Vopak reports strong start of the year and confirms 2026 outlook in Port News 23/04/2026 Key highlights Q1 2026 Improve Net profit -including exceptional items- Q1 2026 of EUR 85 million and EPS of EUR 0.74 Proportional operating free cash flow in Q1 2026 of EUR 224 million leading to a proportional operating free cash flow per share of EUR 1.96 First quarter results were not materially impacted by the Middle East conflict Subject to ongoing market uncertainties and currency exchange movements, we confirm our outlook for 2026 First tranche of EUR 100 million, part of the multi-year share buyback program, was launched and 16% had been completed up to 17 April 2026 Grow The deployment of capital towards gas and industrial infrastructure is progressing well, in total EUR 1.1 billion growth commitments are under construction primarily in the Netherlands, India and Canada Accelerate In Q1 2026, we have taken a final investment decision to repurpose capacity at our Europoort terminal in the Netherlands for the storage of pyrolysis oil, strengthening and further integrating our industrial partnership in the terminal The deployment of capital towards energy transition infrastructure is progressing, in total EUR ~200 million growth commitments are under construction mainly located in Brazil and Malaysia CEO messageWe had a strong start of the year, with occupancy rate at 91%. Building on our proven track record of strategic execution, we are well positioned to capture growth opportunities in gas and industrial infrastructure as well as infrastructure for the energy transition. We are closely monitoring the geopolitical conflict in the Middle East. Above all, the safety and well-being of our teams in the region remains our highest priority, and we have taken necessary measures to ensure their protection. Our first quarter results were not materially impacted by the conflict. We anticipate that our well-diversified portfolio provides the resilience to absorb the financial impact of the current situation within the range of our FY 2026 outlook. This is based on currently available information and is subject to change given the volatility of markets. We are well-positioned to achieve our ambition of investing EUR 4 billion by 2030, supporting our operating cash return range of 13% to 17%. Financial Highlights for Q1 2026 IFRS Measures -including exceptional items- Revenues of EUR 333 million in Q1 2026 (Q1 2025: EUR 329 million) supported by healthy demand for storage infrastructure services across different geographies and markets underpinned by a continued strong occupancy rate of 91%. Excluding negative currency translation effects of EUR 12 million, revenues increased by 5% driven by growth projects contribution and existing business growth. Supported by long-term contracts, gas and industrial terminals delivered a stable performance and achieved higher throughputs year-to-date. Oil terminals also saw strong activity, driven by high infrastructure demand across energy markets. Demand for chemical storage services continued to be weak, reflecting global chemical market conditions. Operating expenses consisting of personnel and other expenses increased to EUR 166 million in Q1 2026 (Q1 2025: EUR 160 million) mainly due to an exceptional loss on the divestment of Hindustan Aegis LPG (HALPG) of EUR 7 million. Cash flows from operating activities decreased to EUR 196 million in Q1 2026, compared to EUR 306 million in Q1 2025, largely driven by lower