PT Merdeka Gold Resources (EMAS) Q2 2025 earnings summary

Executive summary

• Interim consolidated financial statements as of 30 June 2025 were audited and received an unqualified opinion, confirming fair presentation in accordance with Indonesian Financial Accounting Standards.

• The audit identified the assessment of impairment indications for exploration and evaluation assets and mining properties as a key audit matter, given their materiality and management judgment involved.

Key financial ratios and metrics

• As of 30 June 2025, the carrying value of exploration and evaluation assets and mining properties was USD 280,090,825, representing 47.5% of total interim consolidated assets.

Risk factors and uncertainties

• The audit focused on the risk of impairment for exploration and evaluation assets and mining properties, considering factors such as forecast gold prices, gold reserves, permit extensions, and operating costs.

• Management's assessment concluded no impairment indicators as of 30 June 2025.