• Statutory net profit after tax of $365.1 million, a 277% improvement
• Underlying EBITDA increased 77% to $1,013.9 million
• Gold and copper production in line with plan, FY25 guidance on track

Evolution Mining Limited has reported record financial results for the half-year ended 31 December 2024. The company achieved a statutory net profit after tax of $365.1 million, a 277% improvement on the prior corresponding period. Underlying profit after tax was also a record at $385.1 million, a 144% increase. Underlying EBITDA increased 77% year-on-year to $1,013.9 million, driven by consistent and on-plan production delivery and higher gold and copper prices. Gold and copper production were in line with plan at 388,346 ounces and 37,613 tonnes respectively, and the company is on track to deliver FY25 guidance of 710,000 - 780,000 ounces gold and 70,000 - 80,000 tonnes copper. The company's cash flow performance was also strong, with record operating and net mine cash flows of $990.6 million and $434.7 million respectively. Evolution's portfolio of six operating mines continues to perform well, with progress made on organic growth studies and the Mungari mill expansion project. The company remains committed to its sustainability targets, including its goal to achieve net zero greenhouse gas emissions by 2050.

FY25 guidance: 710,000 - 780,000 ounces gold and 70,000 - 80,000 tonnes copper