• Positive safety performance with lowest TRIF at 4.98
• Record quarterly and annual Group cash flow of $308M and $787M
• Original Group production and AISC guidance met

Evolution Mining delivered on its original FY25 guidance, generating record quarterly and annual Group cash flow of $308M ($1,724/oz) and $787M ($1,051/oz) respectively. The company achieved its lowest total recordable injury frequency rate of 4.98, an improvement of 35% over the year. Full year production was 751koz gold and 76kt copper, with the June quarter producing 182koz gold and 19kt copper. Full year AISC was $1,572/oz, including $40-45/oz of higher royalty cost linked to a higher than planned achieved gold price. The June quarter AISC was $1,562/oz. Evolution expects significant high-margin cash generation again in FY26, with Group production guided at 710-780koz (gold) and 70-80kt (copper), and Group AISC guided at $1,720-1,880/oz. This includes the impact of inflation being well controlled at an estimated ~4%, as well as a higher non-cash component of the AISC due to Cowal and Northparkes processing a larger proportion of stockpiled ore. Group capital investment is guided at $780-980 million, ~$200 million below FY25 capital investment.

FY26 Group production is guided at 710-780koz (gold) and 70-80kt (copper), with Group AISC guided at $1,720-1,880/oz.

Evolution expects significant high-margin cash generation again in FY26 as it continues to deliver on its operational and financial targets.