JX Advanced Metals : Consolidated Financial Results for the Nine Months Ended December 31, 2025 (Under IFRS)

February 10, 2026

Company name: JX Advanced Metals Corporation Listing: Tokyo Stock Exchange Securities code: 5016

URL: https://www.jx-nmm.com/english/

Representative: Hayashi Yoichi, President & Representative Director, CEO

Inquiries: Yoneyama Manabu, Manager (Disclosure), Corporate Communication Dept. Telephone: +81-3-6433-6088

Scheduled date to commence dividend payments: -

Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes (for institutional investors and analysts)

(Yen amounts are rounded to millions, unless otherwise noted.)

1. Consolidated financial results for the nine months ended December 31, 2025 (from April 1, 2025 to December 31, 2025)
   1. Consolidated operating results (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Profit before tax		Profit		Profit attributable to owners of parent		Total comprehensive income
      Nine months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      December 31, 2025	614,500	18.9	124,805	44.8	120,856	45.7	95,556	77.4	79,585	72.9	89,703	31.8
      December 31, 2024	516,921	(54.0)	86,170	3.6	82,922	6.1	53,854	1.5	46,029	10.4	68,075	91.4

      	Basic earnings per share	Diluted earnings per share
      Nine months ended	Yen	Yen
      December 31, 2025	85.88	85.72
      December 31, 2024	49.58	49.58

   2. Consolidated financial position

   	Total assets	Total equity	Equity attributable to owners of parent	Ratio of equity attributable to owners of parent to total assets
   As of	Millions of yen	Millions of yen	Millions of yen	%
   December 31, 2025	1,379,340	765,114	663,757	48.1
   March 31, 2025	1,283,002	711,754	615,297	48.0

2. Cash dividends

   	Annual dividends per share
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen	Yen	Yen	Yen	Yen
   Fiscal year ended March 31, 2025	-	-	91.55	18.00	109.55
   Fiscal year ending March 31, 2026	-	6.00	-
   Fiscal year ending March 31, 2026 (Forecast)				21.00	27.00

   (Notes) 1. Revision to the most recently announced dividend forecasts: Yes

   For matters related to the revision to the dividend forecasts, please refer to the "Notice Concerning Revisions to Full-Year Financial Forecasts and Dividend Forecast" announced today and page 4 of the Attachments.

   2. During the third quarter of the previous fiscal year, we paid a dividend of 91.55 yen per share (or a total of 85,000 million yen) effective on November 29, 2024 pursuant to a resolution of our board of directors on November 11.

3. Consolidated financial result forecasts for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

(Note) Revision to the most recently announced financial result forecasts: Yes

For matters related to the revision to the consolidated financial result forecasts, please refer to the "Notice Concerning Revisions to Full-Year Financial Forecasts and Dividend Forecast" announced today and page 3 of the Attachments.

1. Significant changes in the scope of consolidation during the period: None

2. Changes in accounting policies and changes in accounting estimates

   1. Changes in accounting policies required by IFRS: None

   2. Changes in accounting policies due to reasons other than (i): None

   3. Changes in accounting estimates: None

3. Number of issued shares (ordinary shares)

   1. Total number of issued shares at the end of the period (including treasury shares)

      As of December 31, 2025	928,463,102 shares
      As of March 31, 2025	928,463,102 shares

   2. Number of treasury shares at the end of the period

      As of December 31, 2025	2,336,999 shares
      As of March 31, 2025	1,219,500 shares

   3. Average number of shares outstanding during the period

• Review of the attached quarterly consolidated financial statements by certified public accountants or an audit firm: None

• Proper use of earnings forecasts and other special matters (Notes on forward-looking statements)

  This document contains certain forward-looking statements. However, actual results may differ significantly from descriptions reflected in any forward-looking statements due to various factors, including, but not limited to, the following:

  1. changes in macroeconomic conditions and in the competitive environment surrounding the resources and materials industries;

  2. changes in laws or tightening of regulations; and

  3. risks related to litigation and other legal proceedings.

• For year-on-year percentage changes, a sign "-" is shown in cases where either or both of figures for the current

and previous periods are negative, or where the percentage change is 1,000% or more.

1. Condensed Quarterly Consolidated Financial Statements and Primary Notes

1. Condensed Quarterly Consolidated Statements of Financial Position

   As of March 31, 2025

   (Millions of yen)

   As of December 31, 2025

   Assets

   Current assets

   Cash and cash equivalents	58,316	59,160
   Trade and other receivables	138,259	143,824
   Inventories	273,187	310,646
   Other financial assets	6,334	7,832
   Other current assets	18,139	19,324
   Total current assets	494,235	540,786

   Non-current assets

   Property, plant and equipment	371,782	392,737
   Goodwill	8,198	8,022
   Intangible assets	19,521	18,751
   Investments accounted for using equity method	319,950	337,625
   Other financial assets	41,435	47,871
   Deferred tax assets	26,730	32,253
   Other non-current assets	1,151	1,295
   Total non-current assets	788,767	838,554
   Total assets	1,283,002	1,379,340

   Liabilities and equity Liabilities

   Current liabilities

   As of March 31, 2025

   (Millions of yen)

   As of December 31, 2025

   Trade and other payables	92,826	101,663
   Borrowings	120,717	129,128
   Lease liabilities	3,279	2,996
   Income taxes payable	12,434	13,751
   Other financial liabilities	4,322	25,998
   Provisions	2,515	2,414
   Other current liabilities	41,832	41,715
   Total current liabilities	277,925	317,665
   Non-current liabilities Borrowings	180,542	178,972
   Lease liabilities	16,715	14,925
   Other financial liabilities	14,362	15,819
   Retirement benefit liability	27,261	28,804
   Provisions	28,277	29,374
   Deferred tax liabilities	23,210	25,660
   Other non-current liabilities	2,956	3,007
   Total non-current liabilities	293,323	296,561
   Total liabilities	571,248	614,226
   Equity Share capital	75,000	75,000
   Capital surplus	48,093	46,122
   Retained earnings	432,121	489,561
   Treasury shares	(1,000)	(2,219)
   Other components of equity	61,083	55,293
   Total equity attributable to owners of parent	615,297	663,757
   Non-controlling interests	96,457	101,357
   Total equity	711,754	765,114
   Total liabilities and equity	1,283,002	1,379,340

2. Condensed Quarterly Consolidated Statements of Profit or Loss and Condensed Quarterly Consolidated Statements of Comprehensive Income

   (Condensed Quarterly Consolidated Statements of Profit or Loss)

   Nine months ended December 31, 2024

   (Millions of yen)

   Nine months ended December 31, 2025

   Net sales	516,921	614,500
   Cost of sales	403,619	473,401
   Gross profit	113,302	141,099
   Selling, general and administrative expenses	70,756	79,875
   Share of profit of investments accounted for using equity method	40,182	67,609
   Other income	16,472	2,526
   Other expenses	13,030	6,554
   Operating profit	86,170	124,805
   Finance income	1,704	1,742
   Finance costs	4,952	5,691
   Profit before tax	82,922	120,856
   Income tax expense	29,068	25,300
   Profit	53,854	95,556
   Profit attributable to:
   Owners of parent	46,029	79,585
   Non-controlling interests	7,825	15,971
   Profit	53,854	95,556

   Earnings per share		(Yen)
   Basic earnings per share	49.58	85.88
   Diluted earnings per share	49.58	85.72

   (Condensed Quarterly Consolidated Statements of Comprehensive Income)

   Nine months ended December 31, 2024

   (Millions of yen)

   Nine months ended December 31, 2025

   Profit 53,854 95,556

   Other comprehensive income

   Items that will not be reclassified to profit or loss

   Financial assets measured at fair value through other comprehensive income

   2,720 3,608

   Remeasurements of defined benefit plans (24) (41)

   Share of other comprehensive income of investments accounted for using equity method

   (35) 560

   Total 2,661 4,127

   Items that may be reclassified to profit or loss

   Exchange differences on translation of foreign operations

   14,424 15,219

   Cash flow hedges (1,544) (12,608)

   Share of other comprehensive income of investments accounted for using equity method	(1,320)	(12,591)
   Total	11,560	(9,980)
   Total other comprehensive income	14,221	(5,853)
   Comprehensive income	68,075	89,703
   Comprehensive income attributable to: Owners of parent	56,704	71,061
   Non-controlling interests	11,371	18,642
   Comprehensive income	68,075	89,703

3. Condensed Quarterly Consolidated Statements of Changes in Equity

Nine months ended December 31, 2024

(Millions of yen)

Equity attributable to owners of parent

Other components of equity

Financial assets measured at fair

Exchange differences on

Remeasurements of

Total equity

Non-

Share

Capital

Retained

value through

Cash flow

translation of

defined

Total

attributable controlling Total equity

capital

surplus

earnings

other comprehensive income

hedges

foreign operations

benefit plans

to owners of parent

interests

Nine months ended December 31, 2025

Equity attributable to owners of parent

Other components of equity

(Millions of yen)

Financial assets measured at

Exchange differences

Remeasure-

Total equity

Non-

Share

Capital

Retained

Treasury

fair value

Cash flow on translation

ments of

Total

attributable controlling Total equity

capital

surplus

earnings

shares

through other comprehensive income

hedges

of foreign operations

defined benefit plans

to owners of parent

interests