CMOC Group (3993) investor relations material

Executive summary

• Achieved significant year-over-year growth in profitability, with net profit attributable to shareholders up 96.40% for the quarter and 72.61% for the nine-month period, driven by higher selling prices and increased copper production and sales volumes.

• Operating revenue declined 2.36% for the quarter and 5.99% for the nine-month period compared to last year, reflecting market and product mix changes.

• Major operational milestones included meeting production targets, TFM Copper and Cobalt Mine's Copper Mark recertification, and approval of a US$1.084 billion investment in the KFM Phase II Project in the DRC.

• Launched an H Share Restricted Share Scheme to attract and retain global talent.

Financial highlights

• Operating revenue for the nine months ended 30 September 2025 was RMB 145.49 billion, down 5.99% year-over-year.

• Net profit attributable to shareholders reached RMB 14.28 billion, up 72.61% year-over-year.

• Basic and diluted EPS for the nine months were RMB 0.67, up 71.79% year-over-year.

• Weighted average return on net assets increased by 5.17 percentage points to 18.65%.

• Net cash flow from operating activities was RMB 15.86 billion, down 8.20% year-over-year.

Outlook and guidance

• KFM Phase II Project in the DRC is expected to be completed in 2027, increasing annual copper processing capacity by 7.26 million tonnes and adding 100,000 tonnes of copper metals annually at full production.