ACG METALS LIMITED - Financial Results for the year ended 31 December 2025

ACG Metals Limited delivered a strong investor update, highlighting robust company performance and financial results in its first full year as a London-listed mining company. The group reported revenue of $136 million and adjusted EBITDA of $76 million, achieving a sector-leading 56% EBITDA margin, supported by disciplined cost control and favourable commodity prices. Operating cash flow reached $65 million, exceeding net debt of $55 million, reflecting a healthy balance sheet despite ongoing capital investment. Production surpassed guidance at nearly 40,000 gold equivalent ounces, with reduced C1 costs and improved margins. The company’s growth strategy centres on a transformational transition from gold and silver doré to copper and zinc concentrate production, with its sulphide flotation plant on track for mid-year commissioning. This shift is expected to significantly enhance long-term revenue, margins, and cash flow generation, supported by a high-grade ore body and an expanding order book equivalent through enriched ore processing. ACG Metals also strengthened its capital structure through a $200 million bond issuance while optimising financing costs, achieving an effective interest rate of just over 3%. With strong share price performance, increasing liquidity, and potential index inclusion, the company sees substantial valuation upside relative to its net asset value. Looking ahead, key catalysts include sulphide production ramp-up, continued cost discipline, and potential shareholder returns through dividends, positioning ACG Metals for sustained growth and value creation.