SMT Scharf AG (WKN A3DRAE; ISIN DE000A3DRAE2), a global supplier of transport solutions and logistics systems for underground mining, successfully held its 2026 Annual General Meeting on May 19 in Hamm, Germany. With 70.37% of share capital represented, shareholders approved all proposed resolutions by a large majority, including the release of the Managing Board and Supervisory Board from liability for the 2025 fiscal year.
The Managing Board reported on the company's performance in fiscal year 2025 and provided an overview of developments in the first quarter of 2026, along with expectations for the full year. A key highlight was the detailed presentation of Strategy 2026, adopted in the first quarter of the year. This strategy initiates a comprehensive transformation process aimed at positioning the company for the future. Structural measures have been launched to improve efficiency and profitability, while SMT Scharf focuses on product portfolio development to incorporate new technologies and tap into additional markets. A critical element is the development of battery-powered transport systems for various mining applications.
The Annual General Meeting also addressed elections to the Supervisory Board, confirming the court-ordered appointments of Mr. Jian Liu and Mr. Hui Guo. They join Prof. Dr. Ferdinand Bernhard Mager, Dr. Lei Zhang, and Prof. Wei Luan to form the five-member Supervisory Board. Additionally, Rodl Audit GmbH Wirtschaftsprufungsgesellschaft, Cologne branch, was appointed as auditor for the 2026 financial year.
Detailed voting results for all agenda items are available on the company's website at www.smtscharf.com in the Investor Relations section. SMT Scharf Group develops, manufactures, and services transportation equipment for underground mining and tunnel construction, including captivated railway systems used in hard coal, gold, platinum, and other metal mines. These systems transport materials and personnel with payloads up to 48 tonnes on gradients up to 35 degrees. The portfolio also includes rubber-tyred diesel and electric vehicles, such as loaders, scissor lifts, and underground trucks, added since 2018. The company is advancing battery-powered transport solutions as part of its diversification strategy. With subsidiaries in seven countries and agents worldwide, SMT Scharf is positioned for sustainable, profitable growth under Strategy 2026.
