Perseus Mining (PRU) investor relations material

Executive summary

• Delivered strong operational and financial performance for the half-year ended December 2025, with gold production of 188,841 ounces and robust margins supported by a 38% increase in average gold price.

• Revenue increased 5% year-over-year to $608.5 million, while net profit after tax was $185.5 million, down 8% due to higher costs and foreign exchange losses.

• Interim dividend increased to AUD 0.05 per share, doubling from the prior year.

• Significant increase in ore reserves and mineral resources at Nyanzaga, up 73% to 4.0 Moz, extending mine life by five years to 16 years.

• Group ore reserves total 6.7 Moz across diversified African assets.

Financial highlights

• Produced 188,841 ounces of gold at an all-in site cost of $1,649/oz; average gold price achieved was $3,241/oz.

• Revenue rose 5% year-over-year to $608.5 million, driven by higher gold prices despite lower production.

• EBITDA reached $316 million; profit after tax was $185.5 million.

• Net cash from operating activities totaled $193.4 million; EPS was 12.10 US cents per share.

• Ended the half with $755 million in cash and bullion, and total liquidity of $1.15 billion including undrawn debt facility.

Outlook and guidance

• FY2026 production guidance maintained at 400,000–440,000 ounces, with output weighted to H2.

• All-in site cost guidance increased to $1,600–$1,760/oz, reflecting higher gold price assumptions and royalty costs.

• Yaouré expected in the lower half of its production guidance range; Sissingué and Edikan to end FY26 within their respective ranges.

• Nyanzaga project on track for first gold pour in January 2027.