Albemarle — Aug 5, 2026 release

Operating cash flow conversion of 83% (a) , primarily driven by timing of an increased dividend from the Talison joint venture and non-recurring working capital benefits. • Delivered $100 million in year-to-date run-rate cost and productivity improvements, tracking towards the high end of our full-year target of $100 to $150 million. • Improving full-year 2026 outlook considerations including: ◦ Increasing full-year Specialties net sales outlook to $1.4 to $1.6 billion and adjusted EBITDA outlook to $275 to $325 million, due to stronger-than-expected pricing and volume performance year to date. ◦ Expect minimal impact to Energy Storage sales volume related to the fire at Talison CGP3 which occurred on June 9, in part due to better-than-planned output from the Wodgina mine. ◦ Reducing full-year capital expenditure forecast to approximately $500 million due to ongoing capital efficiency improvements. (a)    See Non-GAAP Reconciliations for further details. “Albemarle delivered another quarter of strong results, reflecting improved pricing, continued strength in Specialties, disciplined cost and productivity execution, and strong cash generation,” said Kent Masters, Chairman and CEO. “We continue to see resilient demand fundamentals across our core markets, including energy storage, electric vehicles, and semiconductors. We are advancing our highest value organic growth opportunities while maintaining a disciplined approach to capital allocation and execution.” Second Quarter 2026 Results In millions, except per