Risks

Kemira is exposed to risks that may arise from its own operations or from changes in the operating environment.

Kemira’s most significant risks relate to the following themes:

• Price and availability of raw materials and commodities
• Suppliers
• Hazard risks
• Changes in customer demand
• Economic conditions and geopolitical changes
• Competition
• Acquisitions
• Innovation and R&D
• Changes in laws and regulations
• Talent management
• Climate-related risks

Short-term risks and uncertainties (published in the January-March 2026 interim report on April 24, 2026)

Global economic uncertainty has continued during the first quarter of 2026, following the start of the war in Iran and other geopolitical tensions as well as the continued threat of a global trade war.

The major impact on Kemira from the war in Iran is expected to come from price increases for oil-based raw materials. Kemira has announced customer price increases to mitigate the impact of increasing raw material and logistics costs. There is usually a delay of up to two quarters before the effects of the price increases will become visible in our financial reporting. The indirect impacts of the crisis on customer demand depend on the duration and on the extent of the crisis, factors which are very difficult to predict.

Risks described in the Financial Statements 2025

All risks mentioned above are described in more detail in Kemira’s Financial Statements 2025 starting from the page 16. Financial risks are described in the Notes to the Financial Statements 2025.