Slide 1: CMOC 2025 Full Year Results
SH.603993 | HK.03993 CMOC 2025 FULL YEAR RESULTS To become a leading and distinctive world-class mining company March 2026 ·Shanghai
Slide 2: Disclaimer
DISCLAIMER This document is for your information only during the period of presentation. This document and any content contained herein shall not be reproduced, distributed, transmitted or disclosed, whether directly or indirectly, to any other persons (either external or internal, at your organizat
Slide 3: Record Results
RECORD RESULTS Revenue EBITDA Gross Profit Net Attributable Profit RMB 206.68 billion RMB 45.09 billion RMB 35.16 billion RMB 20.34 billion Mining Segment +19% YoY +28% YoY +40% YoY +50% YoY A Robust Balance Sheet Structure With Profitability Reaching New Heights Expanding Production Capacity Liabil
Slide 4: Operational Highlights
OPERATIONAL HIGHLIGHTS COPPER & GOLD ORGANIZATIONAL CAPACITY ESG STRATEGY EXCELLENCE IMPROVEMENT LEADERSHIP Top 8 Global Copper Organizational Upgrade African Copper Assets The Copper Mark Producer Building a platform-based 2025 copper output: KFM II is well progressed, TFM successfully qualified Th
Slide 5: Business Overview
pe BUSINESS-— OVERVIEW a \
Slide 6: DRC: Copper and Cobalt
D R C : C O P P E R A N D C O B A LT OPERATIONAL HIGHLIGHTS • Record-high copper output achieved • KFM II is well on track for commissioning in 2027 • N’zilo II hydropower and solar projects: progressed on schedule Production（kt） 741 650 394 TFM Copper- Cobalt mine 114 118 Cu 56 Co 2023 2024 2025 KF
Slide 7: China: Molybdenum and Tungsten
C H I N A : M O LY B D E N U M A N D T U N G S T E N OPERATIONAL HIGHLIGHTS • Efficiency improvement help offset impact of declining ore grade • Output exceeded midpoint of guidance • Record-high profit growth delivered benefiting from favorable market • Recovery keeps improving through continuous i
Slide 8: Brazil: Niobium and Phosphate
B R A Z I L : N I O B I U M A N D P H O S P H AT E OPERATIONAL HIGHLIGHTS • Both products achieved record outputs • Market tailwind drove revenue up 21% YoY • Technical breakthroughs improved recovery rates Production Boa Vista （Nb: kt，P: mt） Cubatao 9.52 10.02 10.35 Nb P 1.17 1.18 1.21 2023 2024 20
Slide 9: Brazil: Immediate Gold Output
B R A Z I L : I M M E D I AT E G O L D O U T P U T PROJECT OVERVIEW • Completed in January 2026, with 100% ownership • Total consideration of USD 1.015 billion (USD 115 Aurizona million contingent) Bahia Complex • Brownfield asset in operation, expected to RDM produce 6–8 tonnes of gold in 2026 • Fo
Slide 10: Ecuador: Premium Greenfield Gold Deposit
ECUADOR: PREMIUM GREENFIELD GOLD DEPOSIT PROJECT OVERVIEW • Completed Jun 2025, 100% ownership • Located in El Oro, Ecuador, 30 km to Machala, 40 km to port Odin Gold Mine • Largest gold deposit locally, ranked 28th globally, and 17th among undeveloped deposits • Total resources*: 1.4 Bt at 0.46 g/t
Slide 11: A Unique Trading Platform
A U N I Q U E T R A D I N G P L AT F O R M Market strength backed by CMOC flows • IXM is headquartered in Geneva, Switzerland, trading copper, nickel, zinc, Gross Profit Margin cobalt, niobium and lead concentrates and refined metals 2.08% 2.11% 1.99% • Optimizing portfolio, focusing on high-margin
Slide 12: Leading ESG Practice
LEADING ESG PRACTICE
Slide 13: Valuing Community: Co-building, Co-sharing
VA L U I N G C O M M U N I T Y ： C O - B U I L D I N G , C O - S H A R I N G Direct Economic Community Spending Total Employees Contribution（RMB （RMB million） 191.0 488.2 35,720 billion） 458.9 32,940 32,635 33,811 182.9 182.4 175.9 24,694 290.4 295.6 168.1 194.9 2021 2022 2023 2024 2025 2021 2022 20
Slide 14: Responsible Mining for a Better World
RESPONSIBLE MINING FOR A BETTER WORLD Eco-investment Recycled Water Ratio （RMB million） （%） 88.7 513 379 80.9 80.9 289 79.9 252 76.9 2022 2023 2024 2025 2021 2022 2023 2024 2025 38% 70% Share of Global Renewable Energy Carbon Intensity Of Copper Products Exceeds 70% of Peers Average 121Hectares Nati
Slide 15: Financial Performance
FINANCIAL PERFORMANCE
Slide 16: Key Financials
KEY FINANCIALS EBITDA (RMB billion) Net Attributable Profit Revenue contribution from Revenue (RMB billion) mineral products (RMB billion) +20.7%QoQ/ -3.0%YoY +32.8%QoQ/ +27.7%YoY +8.6%QoQ/ +50.3%YoY 45.1 4.7% 5.2% 213.0 206.7 Cu 35.3 20.3 3.1% Co 8.1% 13.5 Mo 7.9% W 14.4 50.7 61.2 11.2 10.9 5.6 6.1
Slide 17: Solid Profitability Growth
SOLID PROFITABILITY GROWTH Unit: RMB billion YTD2023 YTD2024 YTD2025 YoY Operating Revenue 186.27 213.03 206.68 -2.98% Operating Costs 168.22 177.78 157.23 -11.56% Admin Expense 2.39 2.13 2.81 31.91% Financial Expenses 3.00 2.88 0.51 -82.18% Investment Income 2.48 0.96 0.75 -21.58% EBITDA 20.23 35.3
Slide 18: Resilient Balance Sheet
RESILIENT BALANCE SHEET Unit: RMB billion 2023/12/31 2024/12/31 2025/12/31 Change Cash And Cash Equivalents 30.72 30.43 33.56 10.31% Fixed Assets 35.60 44.42 42.04 -5.36% Intangible Assets 22.96 21.65 24.04 11.05% Total Assets 172.98 170.24 200.93 18.03% Short-term Borrowings 24.95 13.96 27.13 94.33
Slide 19: Healthy Cash Flow
HEALTHY CASH FLOW Unit: RMB billion YTD2023 YTD2024 YTD2025 YoY Net Operating Cash Flow 15.54 32.39 20.84 -35.64% Capital Expenditure 12.92 4.90 7.58 54.72% Net Investing Cash Flow -10.66 -1.16 -8.38 622.16% Net Financing Cash Flow -8.61 -30.57 -8.50 -72.21% Net Increase In Cash -2.93 1.16 3.40 192.
Slide 20: Production Outlook
PRODUCTION OUTLOOK
Slide 21: 2026 Production Guidance
2026 PRODUCTION GUIDANCE COPPER MOLYBDENUM 钴 NIOBIUM 铌 760-820kt 11.5-14.5kt 10-11kt PHOSPHATE COBALT TUNGSTEN 钼 钨 磷(万吨) FERTILIZER 100-120kt 6.5-7.5kt 1.05 – 1.25mt GOLD IXM TRADING VOLUME 钼 6-8 tonnes 4-4.5mt 21
Slide 22: Q&A Thank You
Q&A THANK YOU !