Kumba Iron Ore (KIO) investor relations material

Governance structure and board composition

• Six specialized board committees oversee audit, risk, remuneration, nominations, social, ethics, transformation, strategy, investment, safety, health, and sustainability.

• Board comprises a mix of executive, non-executive, and independent directors, with 58% independence and diverse skills in mining, finance, governance, and ESG.

• Formal succession planning ensures continuity, with staggered retirements and tenure extensions for key directors.

• Annual board activities include strategy days, risk workshops, training, and approval of business plans and disclosures.

• Board diversity spans age, race, tenure, and critical skills, supporting robust governance.

Safety, health, and sustainability performance

• Maintained a fatality-free record at Sishen for nine years and Kolomela for three years, with continuous improvement in safety programs.

• Health initiatives include high HIV status awareness, 100% ART uptake, and comprehensive TB screening.

• Environmental stewardship achieved zero major incidents for 10 years, significant land rehabilitation, and progress on tailings facility compliance.

• Water stewardship supplied 16,883 ML to communities, with a 4% decrease in freshwater withdrawal.

• Sustainability strategy targets carbon neutrality by 2040, nature-positive outcomes, and improved community livelihoods.

Financial and operational performance

• EBITDA rose 14% to R31.9bn, production increased 1% to 36.1 Mt, and ROCE improved to 46%.

• Attributable free cash flow totaled R12.0bn, with R85.6bn in dividends paid from 2021–2025 and an average payout ratio of 84%.

• Cost savings of R0.7bn in 2025, with cumulative savings of R5.1bn since 2024.

• Sishen and Kolomela maintained or improved unit costs, and capex increased 16% to R10.4bn.

• Local procurement spend reached R3.5bn, with R19bn on HDSA businesses and R485m in direct social investment.