29Metals (29M) AGM 2026 summary

Opening remarks and agenda

• The AGM was conducted as a hybrid meeting to maximize shareholder participation, with clear instructions for both in-person and online attendees.

• Chair and CEO addressed shareholders, outlining the company's vision to be a leading ASX-listed copper producer and its commitment to unlocking value for the future.

• Acknowledgement of First Peoples and respect for communities near company operations.

• The agenda included voting procedures, Chair's address, CEO presentation, formal business, and Q&A.

Board and executive committee updates

• Owen Hegarty announced his intention to step down as Chair, with Nick Cernotta to succeed him pending shareholder approval.

• Nick Cernotta highlighted his experience and commitment to strong governance and long-term shareholder value.

• Board committee chairs and executive team members were introduced, emphasizing expertise in technical, audit, risk, remuneration, and sustainability.

• Female participation in board and management increased to 21%, with group-wide female participation at 16%.

Financial performance review

• Revenue increased by 3% to $567 million in 2025, with EBITDA rising 203% to $176 million.

• Golden Grove reported EBITDA of AUD 178 million, up 76% year-on-year, with copper production of 22,000 tons, within guidance.

• Cost of sales rose 14% to $563 million, while drawn debt was reduced by $74 million.

• The company maintained strong liquidity with AUD 238 million and a debt maturity profile extending to 2028.

• AISC at Golden Grove improved slightly to $3.66/lb.