Slide 1: FY25 Full Year Results
FY25 Full Year Results 28 August 2025 ASX:SYA | OTCQB:SYAXF
Slide 2: FY25 Highlights
FY25 Highlights1 North American Lithium achieves record production Production Financial Corporate 204,858 $223M Dry Metric Tonnes Merger with Piedmont now RECORD PRODUCTION REVENUE Share consolidation to approved by Sayona and driven by sales volume growth occur post merger Piedmont shareholders Sal
Slide 3: NAL Operational Performance
NAL Operational Performance Delivering production NAL Global Recovery and Mill Utilisation NAL Concentrate Production and Unit Operating Costs in line with budget 100% 80,000 1,536 1600 1,506 93% 91% 90% • FY25 ore mined up 14% 90% 1,397 1,374 against PCP 83% 70,000 1,335 1,280 1400 80% 1,231 1,232
Slide 4: Financial Performance
Financial Performance 4
Slide 5: Operational and Financial Overview
Operational and Financial Overview Strong operational performance with improved commercial outcomes Consolidated Group Physicals Variance • Spodumene concentrate production increased by 31% compared to the prior period, UOM FY25 FY24 driven by improvements in mill utilisation and recovery rates. % •
Slide 6: Financial Performance
Financial Performance Higher revenue and cost savings offset by flush out of high-cost inventory from NAL ramp-up Consolidated Group Revenue • Revenue increased by 11% to $223 million driven by a 32% increase in concentrate A$M1 FY25 FY24 Variance sales volumes offset by a 16% decline in average rea
Slide 7: Underlying EBITDA Bridge
Underlying EBITDA Bridge1 Cost savings and improved commercial terms offset significant declines in lithium prices Controllable costs NAL | Cost Savings 12 Corporate | Cost Savings 12 WA Operations | Increased Activity (2) 23 1 (6) 22 54 Gains from Forward 17 (62) (67) Sales Program Freight Optimisa
Slide 8: NAL Operating Costs
NAL Operating Costs Unit operating costs decline with higher sales and reduction in cash expenditure NAL NAL Operating Costs • Unit operating cost produced declined 27% compared to prior corresponding period UOM FY25 FY24 Variance % due to 31% increase in concentrate production and $10 million lower
Slide 9: Cash Flow
Cash Flow Lithium Lower carbonate operating study cash outflows withdemonstrates improved operational performance and reduced NAL capital program value in downstream integration Consolidated Group Operating Cash Flows Variance • Operating cash flows $15 million outflow during the period reducing 76%
Slide 10: Cash Flow Movements
Cash Flow Movements1 Merger transaction costs and NAL capital expenditure offset by capital raise proceeds NAL Operating Cashflow 45 91 (18) (2) 4 38 72 (13) (2) 15 (20) (46) 10 (30) June FY24 Cash Loss Other Net Working Customer Cash Loss Net Working Merger Net Interest Capital Exploration Proceeds
Slide 11: Capital Investment
Capital Investment Capital program focused on NAL sustaining projects with exploration utilising remaining FTS funds Consolidated Group Capital Expenditure • Capital expenditure decreased by $82 million reflecting reduced capital program post A$M1 FY25 FY24 Variance completion of critical NAL projec
Slide 12: Financial Position
Financial Position Cash balance of $72 million with no secured debt Consolidated Group Assets Variance • Cash and cash equivalents decreased by 20% compared to June 2024 with operating A$M1 FY25 FY24 activities and capital investments partly offset by the proceeds from non-controlling % interests an
Slide 13: Connect with us.
Connect with us. Sayona Mining Limited ACN 091 951 978 ASX:SYAOTCQB:SYAXF Level 28, 10 Eagle Street Brisbane, Queensland, 4000 Australia info@sayonamining.com.au sayonamining.com.au +61 (7) 3369 7058 @SayonaMining
Slide 14: Appendix
Appendix
Slide 15: NAL Quarterly Physicals and Operational Metrics
NAL Quarterly Physicals and Operational Metrics FY24 FY25 UOM Q1 Q2 Q3 Q4 FY24 Q1 Q2 Q3 Q4 FY25 Variance Physicals1 Ore Mined kwmt 224 322 351 234 1,132 240 370 322 362 1,295 163 Ore Crushed kwmt 259 276 264 312 1,112 362 343 293 379 1,377 265 Spodumene Concentrate Produced kdmt 31 34 40 50 156 52 5
Slide 16: Reconciliation of Underlying EBITDA to Loss after Income Tax
Reconciliation of Underlying EBITDA to Loss after Income Tax Consolidated Group A$M1 FY25 FY24 Variance Underlying EBITDA (67) (54) (13) Underlying depreciation and amortisation expense2 (40) (33) (7) Underlying earnings adjustments Gain on remeasurement of deferred income 5 - 5 Income from sale of
Slide 17: Reconciliation of Unit Operating Cost to NAL EBITDA
Reconciliation of Unit Operating Cost to NAL EBITDA1 Unit Operating Unit Operating Average Realised Cost Produced2 Cost Sold3 Sales Price4 (FOB) (FOB) (FOB) A$1,198 A$1,290 A$1,069 Based on 205kt Based on 209kt Based on 209kt produced sold sold 223 (46) (245) (24) (270) NAL Operating Cash Based NAL
Slide 18: Important Information and Disclaimer
Important Information and Disclaimer Important Information and Disclaimer Disclaimer Sayona Mining Limited undertakes no obligation to update any forward-looking statement or other statement to reflect events or Statements in this presentation are made only as of the date of this No representation o