Aeris Resources (AIS) AGM 2025 Presentation summary

Corporate overview and capital structure

• Market capitalisation at $488 million as of 18 November 2025, with $62 million in cash and $434 million in debt.

• Major shareholders include Washington H. Soul Pattinson (26.4%) and Tudor Court (7.1%).

• Board led by Executive Chairman Andre Labuschagne, supported by experienced directors and executives.

• Broker coverage from Bell Potter, Ord Minnett, Jefferies, Morgans, and Macquarie.

Financial performance and guidance

• FY25 revenue increased to $577.1 million, with EBITDA at $160.5 million and net profit of $69.5 million.

• FY25 copper equivalent production was 42.1kt, within guidance, despite lower copper and gold output.

• FY26 production guidance: 40-49kt copper equivalent, 24-29kt copper, 44-56koz gold, and 240-293koz silver.

• FY26 mine operating costs expected at $302-369 million, with $65-80 million in growth capital.

Equity raise and balance sheet

• Completed $80 million placement and targeting $10 million via SPP to strengthen balance sheet.

• Proceeds used for debt repayment, exploration at Cracow, early works at Constellation, and resource extension at Tritton.

• Strong balance sheet with no debt post-raise.