Western Mining ( 601168) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months reached ¥48.44 billion, up 31.90% year-over-year; net profit attributable to shareholders was ¥2.95 billion, up 7.80% year-over-year.

• Significant increases in production: mined copper up 1.32%, mined zinc up 19.92%, mined lead up 21.02%, and refined copper up 43.38% year-over-year.

• Total assets at quarter-end were ¥57.58 billion, up 4.81% from the previous year-end.

Financial highlights

• Q3 revenue was ¥16.82 billion, up 43.20% compared to the same quarter last year.

• Q3 net profit attributable to shareholders was ¥1.08 billion, down 3.20% year-over-year.

• Basic EPS for the first nine months was ¥1.24, up 7.83% year-over-year.

• Operating cash flow for the first nine months was ¥8.81 billion, up 8.58% year-over-year.

Outlook and guidance

• Growth in revenue and production volumes is expected to continue, supported by higher output in key metals.