Industrias Penoles Sab De Cv · BMV:PE_OLES
Industrias Penoles Sab De Cv — Q2 2026 Earnings Presentation
20 slides from Industrias Penoles Sab De Cv's earnings presentation, June 2026
Slide 1: Corporate Presentation as of June 2026
CORPORATE PRESENTATION AS OF JUNE 2026 SOLID RESULTS WITH A SUSTAINABLE VISION 1
Slide 2: Operating Highlights of 2Q'26 vs 2Q'25
OPERATING HIGHLIGHTS OF 2Q’26 vs 2Q’25 MINING METALS CHEMICALS The resumption of operations at Tizapa supported the Gold, silver and lead production decreased due to Sodium sulfate production was in line with the second production of all metals, as the unit had been on strike during lower volumes of
Slide 3: Key Financial Metrics
KEY FINANCIAL METRICS SALES EBITDA REVENUE BY PRODUCT AND MARKET3 US$ 2,886.9 mm US$ 1,444.3 mm 2Q’26 2Q’26 2Q 2026 US$ 11,102 mm US$ 5,020.4 mm US$2,887 mm LTM LTM CASH FLOW FROM OP. DEBT RATIOS US$ 1,821.8 mm ̴ -0.2 x Net Leverage Ratio 1 2Q’26 US$ 2,965.7 mm ̴ 31.8 x LTM Coverage Ratio 2 2Q 2025
Slide 4: Economic Environment and Metals Prices
ECONOMIC ENVIRONMENT AND METALS PRICES GOLD London SILVER Comex USD/oz USD/oz Following record highs in January and February, gold and silver prices underwent a technical correction phase with high volatility toward the end of the first quarter, a trend that continued throughout the second quarter.
Slide 5: Operating Results
OPERATING RESULTS 5
Slide 6: Contribution by Mine to Metal Production (2026)
CONTRIBUTION BY MINE TO METAL PRODUCTION (2026)1 GOLD SILVER 327,126 Oz 31,145 kOz LEAD ZINC COPPER* 49,124 Ton 135,391 Ton 9,790 Ton 6 Notes: 1/ Includes 100% of Fresnillo plc payable production, */Copper cathodes
Slide 7: Historical Mine Production
HISTORICAL MINE PRODUCTION GOLD SILVER LEAD ZINC COPPER Notes: 7
Slide 8: Historical Refined Production
HISTORICAL REFINED PRODUCTION GOLD SILVER Contribution to refined production from: LEAD ZINC Notes: 8
Slide 9: Peñoles' Cash Costs Trends
PEÑOLES’ CASH COSTS TRENDS Tizapa Sabinas 1 2 Velardeña Capela Notes: 1/ Cash cost = [Cost of goods sold (production cost minus depreciation +- change in inventories) + sales expense (treatment fees, shipping and write-downs, extraordinary ore rights)]/pounds of zinc equivalent. 2/ All-in = CC1 + co
Slide 10: Fresnillo's Cash Costs Trends
FRESNILLO’S CASH COSTS TRENDS Fresnillo Saucito San Julián (Veins) 2 AISC3 2 Juanicipio Notes: 1/Disseminated Ore Body. 2/Cash cost = {total cash cost (cost of sales plus treatment and refining charges, less depreciation) - revenue from by-products }/ silver or gold ounces sold. 3/cash cost plus on-
Slide 11: Fresnillo's Cash Costs Trends
FRESNILLO’S CASH COSTS TRENDS Ciénega Herradura 2 AISC3 2 Notes: 1/Disseminated Ore Body. 2/Cash cost = {total cash cost (cost of sales plus treatment and refining charges, less depreciation) - revenue from by-products }/ silver or gold ounces sold. 3/cash cost plus on-site general, corporate and ad
Slide 12: Historical Chemicals Production (ton)
HISTORICAL CHEMICALS PRODUCTION (ton) SODIUM SULFATE MAGNESIUM OXIDE AMMONIUM SULFATE1 MAGNESIUM SULFATE Notes: 1/Maquila not included. 12
Slide 13: Financial Results
‘809001, BUREAU VERITAS Conia N#1956
Slide 14: Financial Highlights – Income Statement
FINANCIAL HIGHLIGHTS – INCOME STATEMENT INCOME STATEMENT 2Q'26 2Q'25 % Chg. 2026 YTD 2025 YTD % Chg. INCOME STATEMENT HIGHLIGHTS 2Q’2026 + Gross sales 2,878.9 2,078.6 38.5 6,318.8 3,876.7 63.0 Net Sales increased due to higher realized prices, primarily in the sale of silver and + Hedging results 8.
Slide 15: Financial Highlights – Cost of Production
FINANCIAL HIGHLIGHTS – COST OF PRODUCTION COST OF PRODUCTION – QUARTERLY BREAKDOWN US$ 862.2 mm US$ 778.5 mm The increase in production costs in 2Q26 was driven by: i. the unfavorable effect of the appreciation of the Mexican peso against the US dollar on peso-denominated costs (approximately 50% of
Slide 16: Financial Highlights – Quarterly Net Income Analysis
FINANCIAL HIGHLIGHTS – QUARTERLY NET INCOME ANALYSIS Higher taxable income for the period, combined with the Higher metal prices, especially gold and higher provision for deferred taxes Silver, and the better realization price in the sale of concentrates, and copper matte Notes: 1/ Includes the effe
Slide 17: Sales Volume Trend
SALES VOLUME TREND GOLD (Oz) SALES VOLUME Units 2Q'26 2Q'25 %Chng YTD 2026 YTD 2025 %Chng Gold Oz 173,215 242,961 -28.7 373,057 477,729 -21.9 SILVER (koz) Silver Koz 13,821 19,697 -29.8 29,694 38,392 -22.7 Lead Ton 24,876 28,102 -11.5 49,355 59,487 -17.0 LEAD (Ton) Zinc Ton 47,226 52,429 -9.9 97,770
Slide 18: Financial Highlights – Balance Sheet
FINANCIAL HIGHLIGHTS – BALANCE SHEET BALANCE SHEET As of: Jun'26 Dec'25 % Chg. BALANCE SHEET As of: Jun'26 Dec'25 % Chg. Current assets 7,454.4 7,316.9 1.9 Current liabilities 1,315.4 2,312.1 -43.1 Inventories 2,728.9 2,627.7 3.9 Interest-bearing loans 54.9 514.4 -89.3 Trade and other accounts recei
Slide 19: Financial Highlights – Cash Flow
FINANCIAL HIGHLIGHTS – CASH FLOW CASH FLOW As of: YTD'26 YTD'25 % Chg. CASH FLOW As of: YTD'26 YTD'25 % Chg. Profit for the period 1,876.5 666.5 182 Adjustments to reconcile profit for the period to net cash inflows from operating activities: Cash generated from operations 851.0 969.7 -12 Depreciati
Slide 20: Contact
CONTACT Mauricio García, CFO. Mauricio_Garcia@penoles.com.mx Investor Relations Investor_Relations@penoles.com.mx www.penoles.com.mx Disclaimer This presentation contains certain calculations and forward-looking information regarding Industrias Peñoles, S.A.B. de C.V. (Peñoles) and its subsidiaries
Industrias Peñoles, S.A.B. de C.V. — Q2 2026 Earnings Presentation on 6ix