CAP (CAP) investor relations material

Strategic vision and business overview

• Aims to be a leading provider of decarbonization materials by 2030, focusing on high-grade iron ore and rare earths for the energy transition.

• Holds a diversified portfolio across mining, industrial, and infrastructure sectors, with flagship assets in Chile, Peru, Argentina, and Brazil.

• Maintains a stable ownership structure, is listed on the Santiago Stock Exchange, and is recognized for ESG leadership.

• Committed to reducing carbon emissions by 31% by 2030 and ranks third in the Dow Jones Sustainability Index for Mining & Steel.

Financial performance and results (2025)

• Consolidated EBITDA reached US $513m, down 10% YoY, mainly due to mining segment performance.

• Net loss reduced by 80% to US $85m, with non-recurring losses of US $42.3m from asset sales and adjustments.

• Mining EBITDA surged 150% YoY in 4Q25, driven by a 45.7% increase in shipments and lower C1 cash costs.

• Infrastructure EBITDA rose 19% YoY, supported by higher desalinated water demand.

• Gross financial debt decreased by US $88m in 4Q25; net debt to EBITDA improved to 2.8x.

Market context and operational highlights

• Iron ore prices averaged US $106/t in 4Q25, up 2% YoY; China’s economy grew 5% in 2025.

• Chile’s construction sector stabilized, with mining investment driving a recovery and over US $12bn in new projects approved.

• CMP increased shipments by 45.7% in 4Q25, with a shift toward pellet feed and sinter feed to optimize product mix.

• C1 cash cost in mining dropped from US $58.7/t to US $43.1/t YoY due to higher production and cost optimization.