Financial Performance - Sales revenue reached $1176 million, a 26% increase year-over-year[48] - Underlying EBITDA increased by 46% to $528 million compared to $362 million in FY24[21, 48] - Net debt decreased by 69% to $123 million from $396 million in FY24[21, 48] - Profit after tax was $90 million, a significant turnaround from a $19 million loss in FY24[21, 48] Production and Operations - Copper equivalent production increased by 12% to 152.4kt[21, 50] - MATSA's underlying operating cost was $78/t, an 8% increase from FY24[21, 48] - Motheo's underlying operating cost decreased by 4% to $40/t[21, 48] - Motheo achieved an Underlying Operations EBITDA margin of 60%[50] FY26 Outlook - Copper equivalent production is projected to increase by 2% to 157kt[25, 84] - Exploration expenses are expected to increase by 15% to $46 million[25] - Capital expenditure is projected to increase by 11% to $230 million[26]
APPRECIATE(SFR) - 2025 H2 - Earnings Call Presentation