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STRATEGIC REPORT

Learning and Development At Lucy Group, we believe that investing in our people is fundamental to our continued success. In 2025, we have taken significant strides to ensure every employee has the opportunity to learn, grow and thrive in a rapidly evolving world.

attract, develop, and retain talented individuals, providing them with the skills and experience to build successful careers at Lucy Group. | Developing future leaders: concluded the first year of our Future Leaders Programme. 2025 marked the successful completion of the inaugural year of our flagship leadership

| Comprehensive skills

| Employee engagement:

mapping: in 2025, we launched a Group-wide skills mapping initiative, giving us a clear view of our current capabilities and future needs. This data-driven approach enables us to target development where it matters most, supporting succession planning and talent mobility across the business. | Designed new and improved eLearning to support compliance and cybersecurity: recognising the importance of a secure and compliant workplace, we have invested in modern, engaging eLearning modules. These courses ensure our people are equipped to navigate evolving risks and uphold the highest standards of integrity and safety. apprenticeship programmes: our commitment to nurturing early careers has been recognised with industry awards. Our apprenticeship programmes continue to | Award-winning

perceived access to leaning increased from 79% in 2024 to 80% in 2025, while career pathways rose from 72% to 7.3%. These improvements reflect our ongoing commitment to providing meaningful development opportunities and clear career progression for all employees.

provides valuable insight, helping us understand what’s working and where we can improve. We’re proud of this progress and remain committed to going further. Over the past five years, engagement has shown a consistent upward trend, driven by employee voice and meaningful action in response to feedback. This reflects our dedication to creating an environment where people feel heard, valued and supported. Looking ahead, we aim to achieve and maintain an engagement score above 80%, placing Lucy Group in the top 25% of our peer group. Beyond the numbers, our focus is on implementing meaningful actions and celebrating progress, driven by our people. Wellbeing Wellbeing remains a key area of focus for the Group. This year, we delivered a range of global and local initiatives,

including new intranet resources, panel webinars, enhanced support such as on-site health check and flu vaccinations, and expert-led sessions. Our commitment is reflected in our latest survey results, where 80% of respondents agreed that wellbeing is a priority at Lucy Group placing us 3% above the manufacturing benchmark and in the top 25% of our peers (based on data collected by the Workday Peakon Employee Voice platform). We will continue to strengthen our wellbeing strategy to embed support at every level of the organisation, globally. Our goal is to build on this momentum and position Lucy Group within the top 10% of industry benchmarks, ensuring wellbeing remains central to our culture and practices.

During the year, production volumes increased across several parts of the business. Despite this, lost‑time injury rates remained low and both TRIR and FR improved. This reflects more effective risk controls, closer supervision, and better use of lessons learned from higher‑risk incidents. The results show that increased activity can be managed without lowering safety standards. Employee engagement the organisation. This marks a significant rise from 72% in 2022, reflecting stronger connections and a shared sense of purpose across our businesses. Participation has also increased – from 69% in 2022 to 81% in the latest survey – demonstrating growing involvement and confidence in our approach. Every response Our Group engagement score remains strong, with 79% of employees highly committed and enthusiastic about their work and

development initiative. Participants engaged in

| 14,600 hours of training delivered: this year, our

intensive learning, mentoring and real-world assignments,

employees dedicated more time than ever to personal and professional development.

preparing them to take on critical roles and drive our business forward. | Looking ahead: as we look to the future, our focus

From leadership essentials to technical upskilling, our training programmes have reached colleagues at every level and location. | Over 350 employees trained globally by our internal L&D team: our in-house experts have delivered impactful, interactive sessions across continents, ensuring that learning is relevant, practical and aligned with our business goals. | Expanded development library: we have significantly broadened our suite of

remains on creating a culture where learning is continuous and accessible to all. We will continue to invest in innovative learning solutions, expand our digital offerings and ensure that every employee has the support and resources they need to reach their full potential.

learning resources, offering a diverse range of courses, workshops and digital content. This expansion empowers employees to take ownership of their development, with access to learning that fits their needs and schedules.

The Strategic Report was approved by the Board of Directors and signed on its behalf by:

Richard Dick Executive Chairman 24 March 2026

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Lucy Group Ltd Annual Report & Accounts 2025

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