Appendix 4E and FY25 Financial Report

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Stock Evolution Mining Ltd (EVN.ASX)
Release Time 13 Aug 2025, 8:26 a.m.
Price Sensitive Yes
 Evolution Mining reports record FY25 results
Key Points
  • Achieved record statutory net profit after tax of $926.2 million, up 119%
  • Delivered record annual cash flows, including Group cash flow of $787.0 million
  • Cowal, Northparkes and Red Lake achieved record annual gold production
Full Summary

Evolution Mining Limited reported record financial and operational results for the year ended 30 June 2025. The Group achieved a 119% increase in statutory net profit after tax, reaching a record $926.2 million. Underlying EBITDA was also a record, increasing 46% to $2,206.8 million, driven by higher gold and copper production and metal prices. The Group delivered record annual cash flows, including Group cash flow of $787.0 million - up 114%, net mine cash flow of $1,035.4 million, a 78% increase, and operating cash flow rising significantly to $2,288.0 million, up 49%. Cowal, Northparkes and Red Lake all achieved record annual gold production under Evolution ownership. The company also made progress on key projects, with the Mungari mill expansion commencing commissioning nine months ahead of schedule and the Cowal Open Pit Continuation project being approved, extending open pit mining by 10+ years. Evolution continued to enhance its sustainability performance, achieving sector-leading ratings and recognition.

Guidance

Evolution expects to maintain its strong financial and operational performance, with record gold and copper production, low costs, and solid cash flows. The company forecasts FY26 gold production of 750,000-800,000 ounces and copper production of 75,000-85,000 tonnes.

Outlook

Evolution is well-positioned for continued success, with a portfolio of high-quality, long-life assets, a strong balance sheet, and a focus on operational excellence, sustainability, and shareholder returns. The company remains committed to its growth strategy, including the successful delivery of key projects and further enhancing its sustainability performance.