Ramelius Resources Limited · ASX:RMS
Ramelius Resources — FY2025 Earnings Presentation
22 slides from Ramelius Resources's earnings presentation, Aug 25, 2025
Slide 1: 2025 Financial Year Results Presentation
2025 Financial Year Results Presentation AUGUST 2025
Slide 2: Qualifications & Non-IFRS Financial Information
Qualifications & Non-IFRS Financial Information Forward Looking Statements This presentation contains certain forward-looking statements with respect to Ramelius Resources Ltd’s (Ramelius) financial condition, results of operations, production targets and other matters that are subject to various ri
Slide 3: Disclaimer
Disclaimer Aspirational Statements The statements which appear in this presentation regarding the vision for Ramelius to be a +500koz/pa producer by FY30 is an aspirational statement (and not a Production Target) and Ramelius does not yet have reasonable grounds to believe that statements can be ach
Slide 4: Growing the business
Growing the business Establish • 17-Year Mt Magnet Mine Plan, 2.1Moz, up 37%1 • Rebecca-Roe PFS2 released in December 2024 with DFS to follow (September 2025 Quarter) • Exceptionally strong operational and financial results for FY25 • A$784M3 cash & gold post Spartan acquisition Integrate • Integrat
Slide 5: Mining & Production Highlights
FY25 | Mining & Production Highlights ORE TONNES MINED (down 63%) MINED GRADE (up 129%) ORE TONNES MILLED (down 16%) 1.3Mt 5.70g/t 3.3Mt • Shift in focus from base load Eridanus • Overperformance at Cue along with • Mt Magnet mill throughput increased pit to higher-grade Cue pits improved grades fro
Slide 6: Financial Highlights | Earnings
FY25 | Financial Highlights | Earnings REVENUE (up 36%) EBITDA (up 81%) EBITDA PER OUNCE (up 72%) A$1.2 billion A$818.6 million A$2,712/oz • Record revenue • Record EBITDA • Record EBITDA margin • Increased production and A$ gold • Focus on high-grade ore sources • Margin per ounce almost double tha
Slide 7: EBITDA by Operation
FY25 | EBITDA by Operation MT MAGNET THE STANDOUT DRIVER OF EARNINGS EBITDA Margin (%) EBITDA by Operation (A$/oz) NOTES Refer to appendices for definitions and reconciliations | 7
Slide 8: Mt Magnet Earnings
FY25 | Mt Magnet Earnings Key Driver of Group Earnings Gold Production Unit FY25 FY24 Change Operations • Overperformance of Cue ore body with a Tonnes milled Kt 1,808 1,746 +4% milled grade of 10.66g/t Milled grade g/t 4.48 2.92 + 53 % Gold production Koz 248 161 + 54 % Earnings and Margins Gold sa
Slide 9: Edna May Earnings
FY25 | Edna May Earnings Strong Cash Flow Across the Year Before Care & Maintenance Earnings Unit FY25 FY24 Change Operations • Meaningful contribution to Group earnings Tonnes milled Kt 1,482 2,149 - 31 % • Cash earnings of $122.6 million for the year Milled grade g/t 1.19 2.03 - 41 % • Stockpiles
Slide 10: Financial Highlights | Cash
FY25 | Financial Highlights | Cash OPERATING CASH FLOW (up 92%) FREE CASH FLOW (up 111%) UNDERLYING FREE CASH FLOW (up 120%) A$856.4 million A$444.6 million A$694.9 million • Record revenue and lower operating • After further strategic investment in • Before further strategic investment costs (compl
Slide 11: Key Cash Flows
FY25 | Key Cash Flows RETURN TO SHAREHOLDERS (up 305%) CAPITAL INVESTMENT (up 36%) FY25 Operating Cash Flow (use of funds)1 A$70.3 million A$328.0 million • Plus $21.8 million in dividend • Including mine development, reinvestment, total shareholder exploration, and investment in return of A$92.1 mi
Slide 12: Balance Sheet Strength
FY25 | Balance Sheet Strength WORKING CAPITAL (up 70%) NET ASSETS (up 43%) TOTAL LIQUIDITY (up 80%) A$689.3 million A$1,905.4 million A$984.7 million • Strong working capital position on • Expected to increase A$2.3 billion1 to • Including cash & gold of A$809.7 the back of exceptional cash A$4.2 bi
Slide 13: Dividends | Up 60% | 7th Consecutive
FY25 | Dividends | Up 60% | 7th Consecutive Final Dividend Dividend History | cps | (A$M) • Fully franked at 5 cents per share (A$95.6 million) • Record date of 16 September 2025 • Payment date of 13 October 2025 Total FY25 Dividend • Fully franked at 8 cents per share (including 3 cents per share i
Slide 14: Ramelius' Investment Case
Ramelius’ Investment Case Reliable operational Sector leading cash flows performance high margin business with long life assets (Mt Magnet stand-out in sector for & Rebecca-Roe) delivery of Guidance Dividend yield well Vision to 500,000oz pa above mid-tier ASX by FY30 – credible pathway gold produce
Slide 15: Thank you
Thank you RAMELIUS RESOURCES LIMITED | ASX Code: RMS Level 13, 58 Mounts Bay Road Perth WA 6000 Authorised for release to the ASX by the Managing Director INVESTOR ENQUIRIES Mark Zeptner Managing Director Ramelius Resources Ltd Ph: +61 8 9202 1127 Darren Millman Chief Financial Officer Ramelius Reso
Slide 16: FY25 Mt Magnet Operating Highlights
Appendix 1 | FY25 Mt Magnet Operating Highlights Low-cost with Significant Cash Flow Safety Operations Unit Sept 24 Dec 24 Mar 25 Jun 25 FY25 Operations • Three (3) Lost Time • Open pit mining completing current Injuries and seven (7) Eridanus pit and commenced at Cue Tonnes Kt 420 260 290 347 1,317
Slide 17: FY25 Edna May Operating Highlights
Appendix 2 | FY25 Edna May Operating Highlights Unlocking Value in Stockpiles Across the Hub Safety Operations Unit Sept 24 Dec 24 Mar 25 Jun 25 FY25 • Nil (0) Lost Time • Processing of remaining stockpiles Operations Injuries and three (3) • Transitioned to care & maintenance Tonnes Restricted Work
Slide 18: Reconciliation of Cash Flow
Appendix 3 | Reconciliation of Cash Flow Cash Flow (A$M) FY25 FY24 FY23 FY22 FY21 Receipts from customers 1,203.2 883.7 630.8 604.2 634.1 Payments to suppliers (352.6) (430.4) (378.8) (394.7) (304.6) Interest received 19.2 11.4 3.1 0.5 0.7 Lease payments (13.4) (19.2) (28.8) (25.5) (21.9) Operating
Slide 19: Reconciliation of Working Capital
Appendix 4 | Reconciliation of Working Capital Working Capital (A$M) FY25 FY24 FY23 FY22 FY21 Cash 783.7 424.3 251.0 147.8 228.5 Gold bullion on hand (spot) 26.0 22.4 21.1 25.1 5.5 Receivables 5.5 3.7 2.7 7.2 1.9 Current stockpiles & gold in circuit (at cost) 64.8 89.9 105.4 100.8 82.7 Trade payable
Slide 20: Annual Production, Costs, Gold Price | 5-Year History
Appendix 5 | Annual Production, Costs, Gold Price | 5-Year History Tonnes Mined (Mt) Contained Gold Mined (Koz) Milled Grade (g/t) Gold Production (Koz) Realised Gold Price (A$/oz) AISC (A$/oz) | 20
Slide 21: Earnings | 5-Year History
Appendix 6 | Earnings | 5-Year History Revenue (A$M) EBITDA (A$M) EBIT (A$M) NPAT (A$M) Earnings per Share (A$ cps) Underlying Free Cash Flow (A$M) | 21
Slide 22: Definitions
Appendix 7 | Definitions AISC: All-in Sustaining Cost is calculated in accordance with the World Gold Council Guidance Note on AISC and AIC released on 14 November 2018 AIC: All-in Cost is calculated in accordance with the World Gold Council Guidance Note on AISC and AIC released on 14 November 2018