Ramelius Resources (RMS) AGM 2025 summary

Opening remarks and agenda

• Meeting commenced with a safety briefing, acknowledgment of traditional landowners, and was led by Managing Director Mark Zeptner, outlining the agenda and focus on sustainable gold production and stakeholder returns.

• Hybrid format enabled both in-person and online participation, with a quorum confirmed.

• Introductions included board members, executive team, and auditor; procedural instructions for questions and voting were provided.

Financial performance review

• Achieved record gold production of 302,000 ounces and record revenue of A$1.2 billion, up 36% year-on-year, driven by strong performance at key projects.

• Net profit after tax reached AUD 474.2 million, a 119% increase over the prior year, with earnings per share up 111% to 41.1 cents.

• EBITDA rose 81% to A$818.6 million, with a margin of 68%, and EBITDA per ounce doubled compared to FY24.

• Year-end cash and bullion balance was AUD 809.7 million, with total liquidity of A$1 billion including an undrawn A$175 million debt facility.

• Underlying free cash flow reached A$694.9 million, with industry-leading A$2,304 per ounce produced.

Board and executive committee updates

• New board members and expanded executive team in project management and HR were introduced, with a mix of executive and non-executive directors overseeing key functions.

• Simon Lawson and Deanna Carpenter joined as Deputy Chair and Non-Executive Director, respectively.