Group 6 Metals Limited · ASX:G6M
Group 6 Metals — FY2026 Earnings Presentation
16 slides from Group 6 Metals's earnings presentation, Oct 1, 2026
Slide 1: FY26 Results: G6M delivers significantly higher tungsten output alongside an impressive profit result
al use only GROUP 6 METALS LIMITED · ASX: G6M FY26 Results: G6M delivers significantly higher tungsten output alongside an impressive profit result Annual financial statements for the year ended 30 June 2026 Dolphin Tungsten Mine · King Island, Tasmania
Slide 2: Every earnings line surged into the black
FINANCIAL PERFORMANCE Every earnings line surged into the black Metric Metric FY26 FY26 FY25 FY25 Movement Movement al use only Revenue $129.0m $21.2m +$107.8m Gross profit / (loss) $85.7m $(8.5)m +$94.2m Operating income / (loss) $146.3m $(19.8)m +$166.1m Profit / (loss) before tax $136.0m $(32.1)m
Slide 3: A step change across headline measures
FY26 AT A GLANCE A step change across headline measures $129.0m $85.7m $148.2m al use only Revenue Gross profit Net profit after tax +508.5% from $(8.5)m loss from $(32.1)m loss $49.3m $155.1m $21.2m Cash at 30 June Net assets Total borrowings +$41.7m from $(5.1)m -19.4% All comparatives are year-on
Slide 4: From a $32m loss to a $148m profit
EARNINGS From a $32m loss to a $148m profit 160 146 148 140 129 What drove it al use only 120 • Higher concentrate sales 100 volumes through a 86 stabilised plant 80 60 • Materially stronger APT tungsten pricing under 40 21 offtake terms 20 • Reversal of prior 0 impairment on the -20 -9 Dolphin cash
Slide 5: Recapitalisation rebuilt the balance sheet
BALANCE SHEET Recapitalisation rebuilt the balance sheet FY25 FY26 al use only Cash and cash equivalents +548.7% $7.6m $49.3m FY25 FY26 Net assets / (liabilities) +$160.2m $(5.1)m $155.1m FY25 FY26 Total borrowings -19.4% $26.3m $21.2m The Group commenced FY27 well-funded, with a smaller debt load a
Slide 6: Recapitalisation restores a positive equity base
BALANCE SHEET Recapitalisation restores a positive equity base Metric Metric FY26 FY26 FY25 FY25 Movement Movement al use only Total assets $209.3m $50.9m +$158.4m Property, plant and equipment $90.8m $21.8m +$69.0m Total liabilities $54.3m $56.1m -$1.8m Net assets / (liabilities) $155.1m $(5.1)m +$
Slide 7: A strategically aligned register
SUBSTANTIAL SHAREHOLDERS A strategically aligned register ## Shareholder Shareholder Shares Shares % of % of issued issued capital capital al use only 1 Christopher Ellis (combined holdings) 63,211,694 25.52% 2 Elphinstone Holdings Pty Ltd 57,432,014 23.19% 3 Invia Custodian Pty Ltd; Abex Ltd – Spec
Slide 8: Rebuilding a reliable plant
PLANT AND PRODUCTIVITY Rebuilding a reliable plant al use only • Remediation across crushing, screening, grinding, spirals, tables and concentrate handling lifted availability and recovery • Final open-cut mining in the current sequence completed in Q1, leaving a large stockpile base to feed the pla
Slide 9: Throughput built quarter on quarter
OPERATIONS Throughput built quarter on quarter 90000 1.0% 272,421 t al use only 80000 0.9% Plant feed for FY26 77,953 0.8% 70000 72,351 Average feed grade (% WO₃) 70,004 60000 0.7% 0.57% WO₃ 0.6% Plant feed (t) 0.65% 0.65% 50000 Average feed grade 52,113 0.56% 0.5% 40000 30000 0.45% 0.4% 88,911 MTU
Slide 10: Underground mining has begun
THE NEXT PHASE Underground mining has begun al use only • Planning covered life-of-mine scheduling, mine access, dewatering, ground control and ventilation • Underground mining contract executed with HMR Drilling in April 2026 for development and production services • Underground activity commenced
Slide 11: A tightening market for Western produced tungsten
MARKET A tightening market for Western produced tungsten al use only • APT prices rose materially through the year on tightening supply • Chinese production and export restrictions reinforced scarcity and heightened security of supply concerns • Demand lifted from defence, mining, energy and technol
Slide 12: Catalysts for the next twelve months
FY27 OUTLOOK Catalysts for the next twelve months Underground ramp-up Grade and margin uplift al use only Development advances through FY27, progressively Higher head grade is expected to lift the production profile supplementing stockpile feed with higher-grade ore. and reduce unit operating costs.
Slide 13: A multi-year inventory underpins the mine plan
ORE RESERVES AND MINERAL RESOURCES A multi-year inventory underpins the mine plan Category Tonnes (Mt) Grade (% WO₃) Metal (MMTU) al use only Category Tonnes (Mt) Grade (% WO₃) Metal (MMTU) Mineral Resources — Dolphin 8.79 0.89 7.82 Mineral Resources — Bold Head 1.76 0.91 1.61 Total Mineral Resource
Slide 14: A profitable Western tungsten producer entering its high-grade phase
THE INVESTMENT CASE A profitable Western tungsten producer entering its al use only high-grade phase • Profitable, cash-generative and funded after recapitalisation • Stabilised plant with a 295kt stockpile base already in hand to blend with HG underground ore • Underground access to high-grade* ore
Slide 15: Who we are and how to reach us
CORPORATE DIRECTORY Who we are and how to reach us BOARD AND MANAGEMENT REGISTERED OFFICE REGISTRY AND AUDITOR Kevin Pallas — Executive Chairman 255 Grassy Harbour Road Computershare Investor Services al use only Christopher Ellis — Non-Executive Grassy, TAS 7256 452 Johnston Street, Abbotsford VIC
Slide 16: Disclaimers
ASX: G6M Disclaimers Forward-looking statements This presentation has been prepared to provide an overview of Group 6 Metals Limited (ASX:G6M, Group 6 Metals, or the Company) and contains statements that are, or may be deemed to be, forward-looking statements. Often, but not always, forward-looking