Core Points - FLSmidth & Co. A/S holds a total of 2,895,790 treasury shares, which represents approximately 5.02% of the Company's total share capital and voting rights, exceeding the 5% threshold [1] Company Overview - FLSmidth is a full flowsheet technology and service supplier to the global mining industry, focusing on improving performance, lowering operating costs, and reducing environmental impact [2] - The company's sustainability ambition, MissionZero, aims for zero emissions in mining by 2030, with a commitment to improving sustainability performance and becoming carbon neutral in its own operations by 2030 [2]

Core Viewpoint - Nicola Mining Inc. has commenced receiving high-grade gold and silver millfeed from Blue Lagoon Resources, marking a significant milestone in their partnership and enhancing Nicola's operational capabilities in British Columbia [1][3]. Group 1: Partnership and Financial Commitment - Blue Lagoon has started transporting millfeed to Nicola's mill, which is located near Merritt, British Columbia [1]. - Nicola Mining has committed to providing a non-dilutive line of credit of $2.0 million to support Blue Lagoon's balance sheet [1]. Group 2: Future Plans and Projects - Nicola will provide updates on its 2026 plans in an upcoming Annual Letter to Shareholders, which will include insights into milling expansion and various projects such as Treasure Mountain, Dominion Creek Gold Project, and New Craigmont Project [2]. Group 3: Operational Insights and Sustainability - The CEO of Nicola Mining expressed satisfaction with Blue Lagoon's progress in transitioning the Dome Mountain Gold Mine into a producing mine, emphasizing a shared commitment to sustainability [3]. - Nicola's mill is capable of processing materials from multiple sites, including its own Treasure Mountain Silver Mine and Dominion Creek Gold Project, reinforcing its role as a facilitator for gold and silver projects in the province [3]. Group 4: Company Overview - Nicola Mining Inc. is a junior mining company that owns a fully permitted mill and tailings facility, with plans to reopen its Treasure Mountain Silver Mine and commence production at the Dominion Creek Gold Project in 2026 [7]. - The company also owns the New Craigmont Project, a high-grade copper property covering over 10,800 hectares, adjacent to Canada’s largest copper mine [9].

Core Viewpoint - Aya Gold & Silver Inc. has commenced commercial production from a historical flotation stockpile of precious metal-rich pyrite concentrate at its Boumadine mining license, aiming to reduce environmental impact and generate positive cash flow for the project [1][4]. Project Highlights - The historical stockpile was created during lead and zinc flotation operations in the late 1980s and early 1990s, with approximately 260 thousand tonnes of ore mined, resulting in recoverable grades of 2.30 g/t for gold and 144 g/t for silver [5][8]. - The project anticipates producing an estimated 2.5 million silver-equivalent ounces over the next 20 to 24 months, with a monthly production rate of 10,000 tonnes [8]. Market Conditions - Favorable market conditions, including high precious metal prices and ongoing demand for sulfur, have created a viable opportunity for the commercialization of the historical flotation by-product [6]. - Multiple offtakers have shown interest, confirming market demand and commercially viable levels for the pyrite product [6]. Logistics and Operations - Aya has mobilized a team and equipment for loading and handling, with a planned logistics chain for transporting the product from the site to an inland port, then by rail to the seaport [7]. - As of the press release date, 2,500 tonnes of product have been loaded and shipped to a dry-port facility in Morocco, with the first payment from the offtaker expected by year-end [10].

Core Insights - FLSmidth reported a solid strategic and operational momentum in Q3 2025 despite a challenging equipment market, with a focus on profitable growth and business simplification [2][6][22] - The company experienced a significant decline in Products order intake, down 38% organically, while Service order intake grew by 10%, indicating a shift in demand towards productivity-enhancing solutions [2][4][6] - The divestment of the Cement business has positioned FLSmidth as a pure-play supplier of technologies and services to the global mining industry, impacting financial guidance for the year [2][20][22] Commercial Performance - Service order intake increased by 10% organically in Q3 2025, driven by higher orders in upgrades and professional services, while the order backlog decreased to DKK 4,919 million [3][6] - Products order intake decreased by 43% compared to Q3 2024, with no large orders announced in Q3 2025, leading to a book-to-bill ratio of 61.4% [4][6] - PC&V order intake decreased by 9% year-on-year, primarily due to a tough comparison with a larger project-related order in Q3 2024, but year-to-date organic order growth remains at 9% [5][6] Financial Performance - Consolidated revenue decreased by 15% in Q3 2025 compared to Q3 2024, with a gross profit of DKK 1,198 million and a gross margin of 34.7% [11][28] - Adjusted EBITA margin improved to 15.3% in Q3 2025, reflecting a year-on-year increase, while EBITA increased to DKK 500 million [8][28] - Profit for the period from continuing activities rose to DKK 298 million, a 24% increase compared to Q3 2024 [11][28] Financial Guidance - FLSmidth adjusted its full-year revenue guidance to around DKK 14.5 billion, reflecting expectations of delayed project execution and adverse foreign exchange movements, while maintaining an Adjusted EBITA margin outlook of 15.0-15.5% [22][24] - The ongoing transformation activities and separation costs are expected to amount to approximately DKK 200 million for the full year 2025 [24] Other Business Developments - The company successfully closed the divestment of its Cement business on October 31, 2025, marking a strategic shift in its operational focus [20][22] - Changes in the board included the replacement of employee-elected members, effective October 31, 2025 [21]

Core Points - FLSmidth has completed the sale of its Cement business to Pacific Avenue Capital Partners, a global private equity firm [1] - The transaction does not affect FLSmidth's previously announced financial guidance for the full year 2025 [1] Company Overview - FLSmidth is a technology and service supplier to the global mining industry, focusing on improving performance, lowering operating costs, and reducing environmental impact [2] - The company has a sustainability ambition called MissionZero, aiming for zero emissions in mining by 2030 and plans to become carbon neutral in its own operations by 2030 [2]

Core Viewpoint - FLSmidth has successfully met all regulatory approvals for the divestment of its Cement business to Pacific Avenue Capital Partners, with the transaction expected to close in Q4 2025 [1][2]. Company Announcement - The Cement business has been a part of FLSmidth for 143 years, significantly contributing to the company's foundation, capabilities, and global reputation [2]. - The completion of the transaction is seen as a pivotal milestone, allowing FLSmidth to focus exclusively on being a technology and service supplier to the global mining industry [2]. - FLSmidth's previously announced financial guidance for the full year 2025 remains unchanged despite the divestment [3]. Company Profile - FLSmidth is a full flowsheet technology and service supplier to the global mining industry, aiming to enhance performance, reduce operating costs, and minimize environmental impact [4]. - The company has set a sustainability ambition, MissionZero, targeting zero emissions in mining by 2030 and aims to achieve carbon neutrality in its operations by the same year [4].

Core Viewpoint - FLSmidth & Co. A/S has initiated a share buy-back program of up to DKK 1.4 billion, representing approximately 8 percent of its share capital, to enhance shareholder value and comply with market regulations [1]. Share Buy-Back Program Details - The share buy-back program allows FLSmidth to repurchase a maximum of 4,600,000 shares [1]. - As of the latest report, FLSmidth has accumulated a total of 631,500 shares under the buy-back program, with a total transaction value of DKK 246,211,512.53 [2][3]. - The average transaction prices for shares bought back during the period from 30 July 2025 to 5 August 2025 ranged from DKK 374.94 to DKK 395.94 [2]. Treasury Shares - Following the transactions, FLSmidth holds a total of 1,198,502 shares as treasury shares, which corresponds to 2.08 percent of the company's total share capital [3].

Company Announcement - FLSmidth & Co. A/S disclosed transactions made by its board members and executives in accordance with market abuse regulations [1][2] - The company has been granted power of attorney by its board members and executives to publish their trading activities [2] Executive Transactions - Mikko Keto, the CEO, sold 20,000 shares for a total of DKK 7,864,651.60 and now holds 23,484 shares [3] - The transaction was motivated by the need to fulfill tax obligations related to vested shares from long-term incentive plans [3] Company Overview - FLSmidth is a technology and service supplier to the global mining industry, focusing on improving performance, reducing costs, and minimizing environmental impact [4] - The company has set a sustainability goal, MissionZero, aiming for zero emissions in mining by 2030 and plans to become carbon neutral in its operations by 2030 [4]