• Stable safety performance with low TRIF of 5.8
• Record operating mine cash flow of $1.1B and record net mine cash flow of $727M
• On track to deliver FY26 production at lower than original cost guidance

Evolution Mining Ltd has reported another strong quarterly performance, with record cash flow generation and sector-leading cost performance. The company achieved a stable safety performance with a total recordable injury frequency (TRIF) of 5.8. Evolution delivered record operating mine cash flow of $1.1B ($5,469/oz), a 57% increase on the previous quarter, and record net mine cash flow of $727M ($3,759/oz), representing improvements of 55-140% across its operations. The company is on track to deliver FY26 production at lower than original cost guidance, with December quarter production of 191koz gold and 18kt copper, and sector-leading All-in Sustaining Cost (AISC) of $1,275/oz. Evolution's cash balance increased to $967M, an improvement of 24% from the previous quarter, with gearing improving to 6%. The company's Cowal, Mungari, Red Lake, and Northparkes operations all delivered record net mine cash flow during the quarter. While the Ernest Henry operation experienced a temporary suspension due to a weather event, the projected impact on FY26 production is limited to 7-8koz of gold and 4-5kt of copper. Evolution's growth projects, including the Cowal Open Pit Continuation and the Northparkes E22 and Ernest Henry Bert studies, continue to progress as planned.

Group production guidance remains 710koz to 780koz of gold and 70kt to 80kt of copper. Group AISC guidance is updated to $1,640/oz to $1,760/oz, a 6% improvement on original guidance.