Metro Mining (MMI) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional landowners and commitment to community engagement, confirming quorum and introducing directors, executive team, audit partners, and share registry representatives.

• Chair outlined meeting structure: chair's address, operational update, formal business, and Q&A.

Financial performance review

• 2025 revenue reached AUD 378 million, up 23% year-on-year, with record shipments and underlying EBITDA; net profit after tax was AUD 142 million.

• Produced and shipped 6.2 million wet metric tons of bauxite, a 9% increase.

• Market capitalization at year-end was AUD 464 million, a 27% increase, with foreign currency gain of $35.4m.

• Cash and cash equivalents at $58m, with $23.3m debt principal repaid and year-end debt at $58.9m; debt reduced and cash position strengthened.

Board and executive committee updates

• Dr. Jennifer Purdie introduced as new board member, highlighting her industry experience.

• Board comprises experienced independent directors and executives with backgrounds in major mining companies, emphasizing collaboration and strong values.

• Stable management team with expertise in operations, finance, legal, and logistics.

• Andrew Lloyd re-elected, noting effective board governance and ESG leadership.