PT Merdeka Gold Resources (EMAS) Q3 2025 earnings summary

Executive summary

• Interim consolidated financial statements as of 30 September 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 mining properties as a key audit matter due to the significant balance and management judgment involved.

Key financial ratios and metrics

• As of 30 September 2025, mining properties carried a value of USD 291,283,149, representing 40.88% of total interim consolidated assets.

Risk factors and uncertainties

• The audit highlighted the need for management judgment in assessing impairment indicators for mining properties, including factors such as forecast gold prices, gold reserves, permit extensions, and operating costs.

• No impairment indicators were identified as of 30 September 2025.