Slide 1: Perseus Mining H1 FY26 Webinar Presentation
20 FEBRUARY 2026 ASX/TSX: PRU | WWW.PERSEUSMINING.COM
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS COMPETENT PERSON STATEMENT: All production targets referred to in this report are underpinned by estimated Ore Reserves which have been prepared by competent persons in accordance with the requirements of the JORC Code. The information in this report that relates to the Mineral
Slide 3: December 2025 Half-Year Operating Performance
DECEMBER 2025 HALF-YEAR OPERATING PERFORMANCE PERSEUS WELL POSITIONED AS MID TIER LOW-COST PRODUCER GOLD ALL-IN PRODUCED SITE COST 188,841 oz US$1,649/oz CASH MARGIN (1) NOTIONAL CASHFLOW(1) US$1,592/oz US$301M AVG GOLD NET CASH SALE PRICE & BULLION (2) US$3,241/oz US$755M (1) Cash Margin equals Ave
Slide 4: Strong Financial Performance
STRONG FINANCIAL PERFORMANCE FUNDING RECORD INTERIM DIVIDEND AND CAPITAL GROWTH PROJECTS EARNINGS (US$M) 353 REVENUE PROFIT AFTER TAX 316 US$608.5M US$185.5M 281 265 270 238 EBITDA (1) OPERATING CASH FLOW 210 201 185 186 US$315.5M US$193.4M 167 165 136 112 93 BASIC EARNINGS PER SHARE (2) INTERIM DIV
Slide 5: Balance Sheet Strength
BALANCE SHEET STRENGTH Perseus well positioned to deliver on future growth opportunities NET CASH UNDRAWN TOTAL LISTED POSITION(1) DEBT FACILITY(2) LIQUIDITY SECURITIES US$755M US$400M US$1.15B US$229M including 17.8% of Predictive Discovery Ltd Debt Facility upsized(2) to Three-year term plus Conso
Slide 6: Capital Returns to Shareholders
CAPITAL RETURNS TO SHAREHOLDERS H1 FY26 INTERIM DIVIDEND RECORD DATE Perseus’s Dividend Policy aims to reward shareholders while maintaining balanced capital 5cps +100%1 6 March 2026 structure and capacity to fund corporate growth. Target 1% yield + additional where feasible H1 FY25 INTERIM DIVIDEND
Slide 7: Capital Management Framework
CAPITAL MANAGEMENT FRAMEWORK Targets & Priorities H1 FY26 Notional Cash Government Total Other Economic RELIABLE AND STRONG OPERATING CASH FLOW Flow distributions and contributions(2) taxes(1) • Optimise operating cash flow • Ensure commitments to all stakeholders are fully funded US$301M US$144M US
Slide 8: Reaffirmed FY2026 Production and Cost Guidance
REAFFIRMED FY2026 PRODUCTION AND COST GUIDANCE PARAMETER UNITS 2026 FINANCIAL YEAR (FORECAST) YAOURÉ GOLD MINE1 Production Ounces 168,000-184,000 All-in Site Cost USD per ounce $1,620-$1,790 EDIKAN GOLD MINE Production Ounces 154,000-169,000 All-in Site Cost USD per ounce $1,470-$1,620 SISSINGUÉ GOL
Slide 9: Nyanzaga Ore Reserves Increase
NYANZAGA ORE RESERVES INCREASE LONG LIFE/LOW-COST CORNERSTONE ASSET Average 73% Mine life 14 Years @ AISC increase to extension >200k pa 4.0 Moz1 US$1,6212/ to 16 years (FY28 to FY41) oz. Apr 2025 Reserve Pit Design Updated Reserve Pit Design Cross-section 9,672,430mN (±15 m) looking north showing T
Slide 10: Diversified 6.7 Moz Reserve African Focused Gold Miner
DIVERSIFIED 6.7 MOZ RESERVE AFRICAN FOCUSED GOLD MINER Sissingué1 Meyas Sand3 Côte d’Ivoire Sudan MINERAL ORE MINE MINERAL ORE MINE RESOURCE RESERVE LIFE RESOURCE RESERVE LIFE 0.37 0.23 ~5.0 3.34 2.85 14+ MOZ MOZ YEARS MOZ MOZ YEARS Yaouré1 Côte d’Ivoire Nyanzaga2 MINERAL ORE MINE Tanzania RESOURCE
Slide 11: A Resilient and Reliable Partner
A RESILIENT AND RELIABLE PARTNER Generating material benefits for all our stakeholders, in fair and equitable proportions $484M 95% 0.83 SAFETY in economic of national TRIFR FATAL ACCIDENT contribution employment (as of 31 Dec 2025) January 2026 $28.5M in Employee wages and benefits PUBLISHED FY25 $
Slide 12: Authorised for release by Chief Financial Officer
This presentation was authorised for release by Lee-Anne de Bruin Chief Financial Officer ASX/TSX: PRU | WWW.PERSEUSMINING.COM