The directors present the strategic report for the year ended 31 December 2025.

Company turnover in 2025 was down 2% at €73m compared to €75m in 2024. Whilst volumes to 3rd parties increased by 3% year on year, weakening prices in automotive products (down 5%) and solvents (down 20%) resulted in a net fall in turnover. This fall in turnover resulted in gross profit falling from €17.1 m to €16.6m.

Whilst distribution costs increased by €0.4m, underlying administrative costs fell by €0.1m and €7.9m one-off costs incurred in 2024 as part of the acquisition by the Brenntag Group were not repeated. This resulted in a net operating profit of €2.0m for the year.

Whilst net operating expenses (excluding exceptional costs) reduced compared to the prior year, these savings were not enough to offset the impact of the market pressures on the gross profit resulting in the adjusted operation margin falling from 3.6% to 2.7%.

Stock turnover reduced from 12.6 in 2024 to 9.7 in 2025 as Solventis Limited held €1.47m of urea at the end of 2025 to be transferred to its subsidiary, Solvenox Limited. In 2024 there was no urea held on behalf of Solvenox.

The entity's principal risks and mitigation policies are:

Non-payment by customers.

The company has a consistent policy of insuring trade debtors and of using other established instruments to guarantee payment and credit insurance.

Currency movements.

The company has two main policies to protect itself. Firstly it attempts as far as possible to match assets and liabilities in each currency and secondly where purchases and sales are contracted in unmatched currencies, to use forward foreign exchange contracts to mitigate such risk.

Fluctuations in chemical prices.

The volatility of worldwide prices presents both risks and opportunities. Risk is managed by having a management structure and process that enables the company to react quickly to a movement in prices and thus contain and minimise any potential reduction in margin when prices are falling.

In markets where prices or currencies show volatility, opportunities arise due to uncertainty of the established market price which leads to opportunities to gain higher margins by trading between different markets.

Cash flow and liquidity risk.

The business has a low exposure to cash flow and liquidity risk due to a very low concentration of customers and these customers cover many countries. The stocks we hold are freely traded and therefore easily converted to cash assets if required. The company's strong net asset position of €59,571,400 at 31 December 2025 provides a considerable buffer against any short-term liquidity pressures and underpins the company's ability to continue to meet its liabilities as they fall due.

The company’s strategy is to continue to expand its business using organic growth through sales to existing markets and new markets whilst looking for opportunities to increase its product portfolio with higher margin products. Following the acquisition by the Brenntag Group it is also looking to generate commercial synergies through cross selling of its products into the Brenntag customer base whilst also supporting Brenntag’s UK operations with the capabilities of its facilities and workforce.

Measures taken to improve energy efficiency

Energy usage covered in this disclosure covers all services provided in the UK, and is primarily the energy usage at its Gunness site. Opportunities for energy saving at its Head office is limited as the fit out was 6 years ago and energy saving features such as time out lighting and low energy lighting were installed at the time of fit out. The ESOS report identifies the key areas for energy savings at our Gunness site and, during 2024, we installed solar panels on the main warehouses at this site which became operational in early 2025. During 2025, these solar panels generated 218,920.20 kWh of green energy electricity that was used to power the site.

The company considers its key performance indicators to be:

Non-financial key performance indicators

For the Company, nothing has a higher priority than the health and safety of our staff and ensuring that we carry out our operations free of incidents. It therefore considers its key non-financial indicator to be the number of lost time injuries incurred. Accidents at work and similar occurrences are recorded and evaluated centrally according to the Brenntag Group standard reporting system. Key lessons learned from any incidents are reported through the entire Brenntag Group and it is the Group’s policy to continually improve its processes and safety culture. The Company reported no lost time injuries during the year (2024 – one).

• Care – We take responsibility for each other, our partners and the world;

• Trust – We build relationships through authenticity and commitment;

• Clarity – We work towards common goals with focus and determination;

• Excellence – We go beyond expectations, through excellence, innovation and collaboration;

• Safety – We put safety first in everything we do.

Brenntag provides its business partners with in‑depth product, application and industry expertise. The Company is able to address the different requirements of its suppliers and customers flexibly and with the focus on providing the right solution because we have experts and specialists for all customer industries in which we operate. Our experts share their knowledge of local conditions and the specific applications of our products, thereby creating real added‑value for our partners.

As part of the Brenntag Group the Company has access to a global supply network whilst maintaining a unique local depot network – this ensures that the Company is well placed to meet its business partners’ diverse requirements.

The Company’s business partners are vital to ensuring the long‑term success of the Company, this principle remains unchanged and as a business we constantly review our business model with a view to leveraging further potential.

Directors' statement of compliance with duty to promote the success of the company (continued)

The directors believe that investing in the Company's staff is key to its long‑term success.

(iii) Shareholders

Brenntag Group policies and procedures ensure that the Board constantly engages with its ultimate parent company Brenntag SE, which promotes and maintains consistently high standards of current, relevant, compliance. Brenntag SE’s representatives are actively involved in decisions relating to strategy, operational performance, capital investments and financial structure and their input is factored into all such decisions.

(iv) The community and environment

As part of the Brenntag Group, the consideration of the impact on the community and environment is taken at Group level. Solventis Limited is fully aligned to the Group's strategy. Further details are available in the Group Sustainability Statement of the ultimate parent company Brenntag SE which is available on the Group’s website at https://corporate.brenntag.com/en/sustainability/.

Directors' statement of compliance with duty to promote the success of the company (continued)

ESG is a top priority in Brenntag’s activities and an essential part of our growth strategy. As global market leader, we have undertaken to promote a sustainable future. The Group published the “Future Sustainable Brenntag” strategy and vision in April 2022, and set an ambitious ESG agenda. This includes achieving net‑zero emissions by 2045 for scope 1 and 2 carbon emissions, increasing the extent to which we use sustainability criteria to steer our product portfolio and driving sustainability in our supply chains.

Details of the Company’s greenhouse gas emissions, energy consumption and energy efficiency actions can be found on page 6.

On behalf of the board

The directors present their annual report and financial statements for the year ended 31 December 2025.

The principal activities of the company continue to be that of the purchase, blending and resale of chemicals.

The results for the year are set out on page 14.

Ordinary dividends were paid amounting to €6,828,317 (2024: €90,863,585). The directors do not recommend payment of a final dividend.

Going concern

The company has access to considerable financial resources and has rigorous procedures for identifying, quantifying and mitigating all aspects of risk relevant to the business.

The directors have carried out a robust assessment of the risks facing both the company and the UK Group of companies of which it forms part of. The directors have prepared sensitivity analysis to assess the company’s cash flows based on different scenarios including a severe downturn in the UK economy. The cashflows cover the period to 31 December 2027. In each scenario both the company and the UK Group of companies maintain substantial liquidity for twelve months from the date of signing these financial statements.

In addition, the directors have received confirmation from Brenntag UK Holding Limited that financial support is in place for at least twelve months from the date of signing these financial statements.

As such the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being at least twelve months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Future developments

The directors are satisfied with the company's performance and anticipate continued success in the future through its robust strategies. There are no plans to change the company's activities in the foreseeable future.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Qualifying third party indemnity provisions

Qualifying third party indemnity insurance was in place for the benefit of all of the directors of the company during the year and up to the date of signing the financial statements.

Deloitte LLP have expressed their willingness to continue in office.

The firm is committed to making careful assessments of its levels of energy consumption and to reducing the impact of carbon dioxide emissions on the environment. The Company has undertaken its phase 2 ESOS audit using energy consultants and identified areas to focus on.

Energy usage has been calculated based on gas and electricity meter readings from our invoices. Fuel used in respect of both reimbursed business mileage and in respect of vehicles owned by the firm have been taken from expense claims and have been extrapolated where data was not available.

The group has followed the 2019 HM Government Environmental Reporting Guidelines. The group has also used the GHG Reporting Protocol – Corporate Standard and have used the 2025 UK Government’s Conversion Factors for Company Reporting.

The chosen intensity measurement ratio is total gross emissions in metric tonnes CO2e per €'m of company turnover, the recommended ratio for the sector.

Energy usage covered in this disclosure covers all services provided in the UK, and is primarily the energy usage at its Gunness site. Opportunities for energy saving at its Head office is limited as the fit out was 6 years ago and energy saving features such as time out lighting and low energy lighting were installed at the time of fit out. The ESOS report identifies the key areas for energy savings at our Gunness site. Solventis Ltd installed Solar panels on the roof of it warehouses at the Station Road site in Gunness. In 2025, these Solar panels generated 218,920.20 kWh of green energy electricity that was used to power the site. The solar panels were operational and began generating electricity in February 2025.

The directors have elected under Section 414c of the Companies Act 2006 to set out in the company's strategic report on pages 1 to 4 information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of information on exposure to price risk, credit risk, liquidity risk, cash flow risk and the management of these risks and engagement with suppliers, customers and others.

Post balance sheet events

There have been no significant events affecting the company since the year end.

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information. This confirmation is given and should be interpreted in accordance with the provisions of s418 of the Companies Act 2006.

The company recognises the importance of its environmental responsibilities and monitors its impact on the environment and designs and implements appropriate policies to minimise any damage that might be caused by the company's activities. Initiatives designed to minimise the company's impact on the environment include recycling and reducing energy consumption wherever possible.

The company made donations to charitable organisations of €229 (2024 - €99,345) during the year. No political donations were made during the year (2024 - €Nil).

Employee involvement

The directors systematically provide employees with information on matters of concern to them, consult them or their representatives regularly, so that their views can be taken into account when making decisions that are likely to affect their interests.

Employee involvement in the company is encouraged, as achieving a common awareness on the part of all employees of the financial and economic factors affecting the company plays a major role in maintaining its performance.

The directors encourage the involvement of employees by means of in-house newsletters, intranet, briefing and focus groups and the distribution of the company's annual results.

In our opinion the financial statements of Solventis Limited (the ‘company’):

• give a true and fair view of the state of the company’s affairs as at 31 December 2025 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

We have audited the financial statements which comprise:

• the statement of comprehensive income;

• the statement of financial position;

• the statement of changes in equity; and

• the related notes 1 to 31

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report.

We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the Financial Reporting Council’s (the ‘FRC’s’) Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves.

If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the FRC’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

We considered the nature of the company’s industry and its control environment, and reviewed the company’s documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management and the directors about their own identification and assessment of the risks of irregularities, including those that are specific to the company’s business sector.

We obtained an understanding of the legal and regulatory framework that the company operates in, and identified the key laws and regulations that:

• had a direct effect on the determination of material amounts and disclosures in the financial statements. These included the Companies Act 2006, pensions legislation and tax legislation; and

• do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty.

We discussed among the audit engagement team regarding the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.

In addition to the above, our procedures to respond to the risks identified included the following:

• reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

• performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

• enquiring of management and in-house legal counsel concerning actual and potential litigation and claims, and instances of non-compliance with laws and regulations; and

• reading minutes of meetings of those charged with governance.

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified any material misstatements in the strategic report or the directors’ report.

Matters on which we are required to report by exception

Under the Companies Act 2006 we are required to report in respect of the following matters if, in our opinion:

• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of directors’ remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

We have nothing to report in respect of these matters.

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

The income statement has been prepared on the basis that all operations are continuing operations.

There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of comprehensive income.

The notes on page 15 to 31 form part of these financial statements.

Solventis Limited is a private company limited by shares incorporated in England and Wales. The registered office is Alpha House, Lawnswood Business Park, Redvers Close, Leeds, West Yorkshire, United Kingdom, LS16 6QY. The principal activities of the company continue to be that of the purchase, blending and resale of chemicals.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in Euros, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest €.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

• Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

• Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

• Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

• Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Brenntag SE. The consolidated financial statements of Brenntag SE are available at their registered office, at Messeallee 11, D-45131, Essen, Germany. The company is exempt from the requirement to prepare consolidated financial statements under section 401 of the Companies Act 2006 and has therefore not prepared consolidated financial statements.

As such the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being at least twelve months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.true

The company sells a variety of Solvents, Acrylates, Monomers and Automotive products to the UK, Europe, Africa, Americas and Asian markets.

Turnover is measured at the fair value of consideration receivable, net of VAT, trade discounts, and rebates. Turnover is recognised when control of the goods transfers to the buyer, which is the point at which the company’s performance obligation is satisfied. Control generally transfers when the significant risks and rewards of ownership pass to the buyer in accordance with the agreed Incoterms for each transaction. Depending on the terms used, this may occur upon dispatch to the carrier or upon delivery to the buyer’s nominated destination.

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

Monetary assets and liabilities denominated in foreign currencies are translated into euros at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account. As at 31 December 2025, the closing exchange rate was GBP 0.8731 and USD 1.1744.

In the application of the Company's accounting policies, which are described in note 1, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are continually evaluated and are based on historical experience and other factors that are considered to be relevant.

The directors believe that none of the accounting judgements or estimation uncertainties applied have a significant risk of causing a material adjustment to the carrying value of assets and liabilities within the next financial year.

An analysis of the company's turnover is as follows:

The average monthly number of persons (including directors) employed by the company during the year was:

Their aggregate remuneration comprised:

During the year, the company incurred termination costs in connection with the termination of employment contracts. Termination benefits recognised in the profit and loss account for the year amounted to €297,916 (2024: €nil). As at the year end, liabilities relating to termination benefits amounted to €297,916 (2024: €nil).

The company operates defined contribution pension schemes for its employees. Contributions payable by the company are charged to the profit and loss account in the period in which they fall due. The company has no obligation to pay further contributions once these have been made.

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 1 (2024- 2)

The directors are considered to be the company's key management personnel.

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

Factors that may affect future tax charges

Pillar Two legislation has been enacted and became effective for the financial year beginning 1 January 2024. The company has made an assessment of the effect of Pillar Two and concluded that there is no direct financial impact related to the UK entities from the introduction of the rules.

One interim dividend for the financial year ended 31 December 2025 amounting to €6,828,317.40 was paid on 25 June 2025, €3,501,900 of which was paid by a cash dividend, €3,326,417.40 by way of deed of assignment.

These financial statements are separate company financial statements for Solventis Limited.

Details of the company's subsidiaries at 31 December 2025 are as follows:

As at the balance sheet date, the stock provision amounted to €115,842 (2024: €191,360).

Trading balances are receivable in line with the terms and conditions of sale (consistent with third party arrangements) and no interest is charged. Amounts owed by group undertakings are unsecured. For non-trading balances, interest is charged at market rate and repayment terms are as stated in the respective loan agreements.

Trade debtors are stated after provisions for impairment of €81,700 (2024 - €70,187).

In 2024 Solventis Limited maintained a non-recourse receivables financing agreement. Cash equivalents arising from debts sold under this agreement were presented under current assets. This agreement was terminated in 2025 resulting in the reduction of cash equivalents at 31 December 2025.

Trading balances are payable in line with the terms and conditions of sale (consistent with third party arrangements) and no interest is charged. Amounts owed to group undertakings are unsecured. For non-trading balances, interest is charged at market rate and repayment terms are as stated in the respective loan agreements.

Environmental costs

The nature of the company's operations gives rise to obligations relating to the rehabilitation of soil and ground water for current and former, owned and leased sites but also cover costs for further and accompanying measures such as necessary environmental inspections and observations. A provision is recognised in the Statement of Comprehensive Income for the estimated associated cost, based on reports prepared by third party environmental consultants.

In connection with the elimination of environmental damage, as at 31 December 2025, there were contingent liabilities with a fair value of €215,519.64  (2024: 215,519.64).

The company assesses its potential environmental provisions on an annual basis. Costs are defined as probable, possible and remote, where €215,519.64 corresponds to the possible costs associated with the elimination of environmental damage.

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Solventis Limited has access to a multi-currency overdraft with HSBC with a maximum borrowing of £10,000,000 which covers the UK Brenntag affiliated companies.

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling €635 (2024: €nil) were payable to the fund at the balance sheet date.

The company has one class of ordinary shares which carry no right to fixed income. The ordinary shares carry equal voting rights.

Called up share capital represents the nominal value of shares that have been issued.

This reserve records the foreign exchange translation differences resulting from the change in presentational currency in May 2014.

The profit and loss account includes all current and prior period retained profits and losses.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Of the €43,737,650 of the total operating lease commitments €43.4m (2024: €47.0m) are paid by other group companies and no cost is borne in Solventis Limited.

On 17 October 2025, the company acquired shares in Solventis Solutions Limited from FCL Organisation Limited at fair market value of €38,509,544. On 17 October 2025, FCSL Holdco Limited paid a dividend of all its assets to the Company save for £1.  The investment in FCSL Holdco Limited was impaired in the year, resulting in a write down of €6,834,466.

The company has taken advantage of the exemption in FRS102 from the requirement to disclose transactions with group companies on the grounds that consolidated financial statements are prepared by the ultimate parent company.

The company's immediate parent company is Brenntag UK Holding Limited which is registered in the United Kingdom.

The Company’s ultimate parent company and controlling entity is Brenntag SE which is incorporated in Germany.

Brenntag SE is the parent undertaking of the smallest and largest group to consolidate these financial statements at 31 December 2025. The consolidated financial statements of Brenntag SE are available at their registered office, at Messeallee 11, D-45131, Essen, Germany.