Perseus Mining (PRU) investor relations material

Executive summary

• Delivered strong operational and financial performance for the half-year ended December 2025, with gold production of 188,841 ounces and robust margins supported by a 38% increase in average gold price.

• Revenue increased 5% year-over-year to $608.5 million, while net profit after tax was $185.5 million, down 8% due to higher costs and foreign exchange losses.

• Interim dividend of AUD 0.05 per share declared, doubling from the prior year, with a share buyback program renewed.

• Significant increase in ore reserves at Nyanzaga, up 73% to 4.0 Moz, extending mine life to 16 years.

• Net tangible assets per share rose 63% to $1.58.

Financial highlights

• Produced 188,841 ounces of gold at an all-in site cost of $1,649/oz; average gold price achieved was $3,241/oz.

• Revenue rose 5% year-over-year to $608.5 million, with EBITDA of $316 million and profit after tax of $185.5 million.

• Net cash from operating activities was $193.4 million; cash and bullion at period end totaled $755 million.

• EPS for the period was 12.10 US cents per share.

• Liquidity position just under $1.2 billion, including undrawn facility and listed investments.

Outlook and guidance

• FY2026 production guidance reaffirmed at 400,000–440,000 ounces, with production weighted to H2 and AISC guidance of $1,600–$1,760/oz.

• Yaouré expected in the lower half of its production guidance range, with AISC below guidance.

• Nyanzaga project on track for first gold pour in January 2027.

• Updates to mineral reserves at Yaouré and Edikan expected later in 2026.