SMT Scharf AG (WKN A3DRAE; ISIN DE000A3DRAE2), a global leader in bespoke transport solutions and logistics systems for underground mining, successfully held its 2026 Annual General Meeting on May 19, 2026, in Hamm, Germany. With 70.37% of the share capital represented, shareholders approved the resolutions proposed by the Managing Board and Supervisory Board by a large majority, releasing both boards from liability for the 2025 fiscal year.
The Managing Board reported on the company’s business performance in fiscal year 2025, provided an overview of developments in the first quarter of 2026, and outlined expectations for the full year. Central to the presentation was the detailed explanation of Strategy 2026, adopted in the first quarter of 2026. This strategy initiates a comprehensive transformation process aimed at positioning the company for the future. Structural measures have been launched to improve the efficiency and profitability of the SMT Scharf Group. Additionally, the company is focusing on further developing its product portfolio to incorporate new technologies and tap into additional markets. A key element of Strategy 2026 is the development of battery-powered transport systems for a wide range of mining applications, diversifying beyond traditional diesel and electric vehicles.
The Annual General Meeting also addressed elections to the Supervisory Board. Shareholders confirmed the court-ordered appointment of Jian Liu and Hui Guo as members of the Supervisory Board, electing both to the board. They join Prof. Dr. Ferdinand Bernhard Mager, Dr. Lei Zhang, and Prof. Wei Luan to form the five-member Supervisory Board. Furthermore, Rodl Audit GmbH Wirtschaftsprufungsgesellschaft, Cologne branch office, was appointed as auditor for the 2026 financial year.
SMT Scharf Group develops, manufactures, and services transportation equipment for underground mining and tunnel construction. Its main products include captivated railway systems used worldwide in hard coal mines and mines for gold, platinum, and other metals, capable of transporting material and personnel with payloads up to 48 tonnes on gradients up to 35 degrees. The portfolio also includes chairlifts and, since 2018, rubber-tyred diesel and electric vehicles such as loaders, scissor lifts, and underground trucks. The company is advancing battery-powered transport solutions as part of its diversification strategy. With subsidiaries in seven countries and agents globally, SMT Scharf is executing Strategy 2026 to drive sustainable, profitable growth. Detailed voting results are available in the Investor Relations section at www.smtscharf.com.
