Jupiter Mines (JMS) Investor presentation summary

Financial performance and dividends

• Reported net profit after tax of A$37.6m for the year ended 30 June 2026, with A$74m cash in hand and no debt.

• Market capitalization stands at A$520m, with net assets of A$578m as of 30 June 2026.

• Declared A$450m in dividends over the last eight years, equating to 87% of current market cap; next dividend due 18 September 2026.

Operational highlights

• Holds 49.9% of Tshipi, a Tier 1 manganese mine with over 100 years of life at current production rates.

• Tshipi is the fourth largest manganese ore mine globally, producing 3.5mtpa since 2012.

• FY26 sales and production exceeded the six-year average, with strong safety performance (LTIFR 0.6 vs industry average 5.6).

• Maintains competitive costs and stable profitability through the cycle, with no debt and robust EBITDA.

Strategic initiatives and growth

• Five-year strategy focuses on logistics efficiency, targeted M&A, ESG leadership, and entry into the EV battery market.

• Secured a 10-year rail export agreement and expanded port access, including new channels at KuGompo City and Lüderitz.

• Exxaro's acquisition of 50.1% of Tshipi and 19.99% of Jupiter enables further consolidation opportunities.