• Gold production of 253,709 ounces at an AISC of US$1,162/ounce
• Net profit after tax up 22% to US$201.1 million
• Cash on hand of US$628.5 million as at 31 December 2024

During the six months to 31 December 2024, Perseus continued to deliver on its promises, maintaining its production levels and achieving its market guidance. Gold production for the Group during the half year totalled 253,709 ounces at an all-in site cost (including production costs, royalties and sustaining capital) (AISC) of US$1,162/ounce. This result included 123,158 ounces produced at Yaouré at an AISC of US$1,124/ounce, 33,917 ounces produced at Sissingué at an AISC of US$1,701/ounce, and 96,634 ounces of gold produced at Edikan at an AISC of US$1,022/ounce. The Group's net profit after tax for the period ended 31 December 2024 was up 22% on the comparative period to $201.1 million, after bringing to account a foreign exchange gain of $10.3 million. Gross profit from operations for the period ended 31 December 2024 was up 26% on the comparative period to $265.3 million. These increases are largely attributable to a 19% increase in revenue on the comparative period to $581.8 million, with only a 10% increase in cost of sales. As at 31 December 2024, Perseus had cash on-hand of $628.5 million and 29,078 ounces of gold bullion valued at $76 million.

Perseus provided the following forward-looking financial guidance: - Gold production for the full 2025 financial year is expected to be in the range of 220,000 to 250,000 ounces - All-in site costs for the full 2025 financial year are expected to be in the range of US$1,150 to US$1,250 per ounce

Perseus is well-positioned for continued growth, with a strong balance sheet, robust production profile, and a pipeline of development projects. The company remains focused on optimizing its existing operations, advancing its development projects, and pursuing value-accretive growth opportunities.