Aurelia Metals (AMI) AGM 2025 summary

Opening remarks and agenda

• Chair acknowledged traditional custodians, welcomed attendees, and outlined the meeting agenda, including financial review, board updates, and voting on four key resolutions.

• Chair announced his retirement, with Bruce Cox to serve as interim chair while a search for a permanent replacement continues.

• Managing Director and CEO presented the AGM, outlining the company's achievements and future direction.

Financial performance review

• Returned to profitability in FY25, with EBITDA of AUD 121.9 million (35.5% margin) and net profit after tax of AUD 48.9 million.

• Cash on hand at year-end was AUD 110.1 million, with zero debt and total liquidity of AUD 146 million.

• Operating cash flow reached AUD 96 million after sustaining capital expenditure.

• All FY25 production guidance targets met across gold, copper, zinc, and lead.

• Maintained flat unit cost structure despite inflationary pressures.

Board and executive committee updates

• Rachel Brown joined as non-executive director, bringing governance and legal expertise.

• Bruce Cox re-elected as director and appointed interim chair.

• Board authorised the AGM presentation and strategic direction.

• Board focused on safe, reliable operations, capital discipline, and project execution.