Central Asia Metals (CAML) AGM 2025 summary

Opening remarks and agenda

• The meeting opened with a welcome, board introduction, agenda outline, and a focus on operational, financial, and sustainability highlights for 2024, plus the 2025 strategic outlook.

Overview of voting outcomes

• 19 resolutions were proposed: 16 ordinary and 3 special, covering accounts, dividends, director and auditor reappointments, share allotment, and buyback authority.

• Voting was conducted by poll, with results to be announced to the market later the same day.

Financial performance review

• Revenue for 2024 was $214.4 million, EBITDA $101.8 million (47% margin), profit after tax $50.8 million, and free cash flow $65.7 million.

• Company remains debt-free with $67.6 million in cash at year-end 2024.

• Group capex was $20.8 million.

• Kounrad produced 13,500 tons of copper at a 73% EBITDA margin; SASA produced 27,000 tons of lead and 18,500 tons of zinc at a 35% margin.