JX Advanced Metals : Consolidated Financial Results for the Six Months Ended September 30, 2025 (Under IFRS)

November 11, 2025

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 file semi-annual securities report: November 11, 2025 Scheduled date to commence dividend payments: December 9, 2025 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 six months ended September 30, 2025 (from April 1, 2025 to September 30, 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
      Six months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      September 30, 2025	396,391	17.6	70,034	2.8	67,857	2.9	51,476	16.6	42,941	16.9	42,074	21.4
      September 30, 2024	337,011	(56.7)	68,120	(7.7)	65,968	(5.1)	44,166	(16.4)	36,730	-	34,658	(32.3)

      	Basic earnings per share	Diluted earnings per share
      Six months ended	Yen	Yen
      September 30, 2025	46.32	46.25
      September 30, 2024	39.56	39.56

   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	%
   September 30, 2025	1,317,038	733,732	630,060	47.8
   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	-	0.00	91.55	18.00	109.55
   Fiscal year ending March 31, 2026	-	6.00
   Fiscal year ending March 31, 2026 (Forecast)			-	15.00	21.00

   (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 Interim Dividend and Revision to Year-End Dividend Forecast" announced today.

   2. During the third quarter of the previous fiscal year, we paid a dividend of ¥91.55 per share (or a total of ¥85,000 million) effective 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" announced today.

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 September 30, 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 September 30, 2025	2,367,324 shares
      As of March 31, 2025	1,219,500 shares

   3. Average number of shares outstanding during the period

• Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.

• 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 Semi-annual Consolidated Financial Statements and Primary Notes

1. Condensed Semi-annual Consolidated Statements of Financial Position

   As of March 31, 2025

   (Millions of yen)

   As of September 30, 2025

   Assets

   Current assets

   Cash and cash equivalents	58,316	50,158
   Trade and other receivables	138,259	142,796
   Inventories	273,187	281,119
   Other financial assets	6,334	10,439
   Other current assets	18,139	19,680
   Total current assets	494,235	504,192

   Non-current assets

   Property, plant and equipment	371,782	384,839
   Goodwill	8,198	7,948
   Intangible assets	19,521	18,998
   Investments accounted for using equity method	319,950	329,733
   Other financial assets	41,435	42,613
   Deferred tax assets	26,730	27,260
   Other non-current assets	1,151	1,455
   Total non-current assets	788,767	812,846
   Total assets	1,283,002	1,317,038

   Liabilities and equity Liabilities

   Current liabilities

   As of March 31, 2025

   (Millions of yen)

   As of September 30, 2025

   Trade and other payables	92,826	83,130
   Borrowings	120,717	139,803
   Lease liabilities	3,279	3,281
   Income taxes payable	12,434	11,097
   Other financial liabilities	4,322	11,197
   Provisions	2,515	2,922
   Other current liabilities	41,832	38,818
   Total current liabilities	277,925	290,248
   Non-current liabilities Borrowings	180,542	178,221
   Lease liabilities	16,715	15,309
   Other financial liabilities	14,362	15,409
   Retirement benefit liability	27,261	28,202
   Provisions	28,277	27,473
   Deferred tax liabilities	23,210	25,512
   Other non-current liabilities	2,956	2,932
   Total non-current liabilities	293,323	293,058
   Total liabilities	571,248	583,306
   Equity Share capital	75,000	75,000
   Capital surplus	48,093	47,030
   Retained earnings	432,121	458,372
   Treasury shares	(1,000)	(2,244)
   Other components of equity	61,083	51,902
   Total equity attributable to owners of parent	615,297	630,060
   Non-controlling interests	96,457	103,672
   Total equity	711,754	733,732
   Total liabilities and equity	1,283,002	1,317,038

2. Condensed Semi-annual Consolidated Statements of Profit or Loss and Condensed Semi-annual Consolidated Statements of Comprehensive Income

   (Condensed Semi-annual Consolidated Statements of Profit or Loss)

   Six months ended September 30, 2024

   (Millions of yen)

   Six months ended September 30, 2025

   Net sales	337,011	396,391
   Cost of sales	262,287	302,993
   Gross profit	74,724	93,398
   Selling, general and administrative expenses	46,501	52,025
   Share of profit of investments accounted for using equity method	29,563	30,768
   Other income	15,706	1,936
   Other expenses	5,372	4,043
   Operating profit	68,120	70,034
   Finance income	1,063	1,549
   Finance costs	3,215	3,726
   Profit before tax	65,968	67,857
   Income tax expense	21,802	16,381
   Profit	44,166	51,476
   Profit attributable to:
   Owners of parent	36,730	42,941
   Non-controlling interests	7,436	8,535
   Profit	44,166	51,476

   Earnings per share		(Yen)
   Basic earnings per share	39.56	46.32
   Diluted earnings per share	39.56	46.25

   (Condensed Semi-annual Consolidated Statements of Comprehensive Income)

   Six months ended September 30, 2024

   (Millions of yen)

   Six months ended September 30, 2025

   Profit 44,166 51,476

   Other comprehensive income

   Items that will not be reclassified to profit or loss

   Financial assets measured at fair value through other comprehensive income

   1,176 1,415

   Remeasurements of defined benefit plans (17) (20)

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

   4 168

   Total 1,163 1,563

   Items that may be reclassified to profit or loss

   Exchange differences on translation of foreign operations

   (18,378) (2,698)

   Cash flow hedges 4,139 (4,007)

   Share of other comprehensive income of investments accounted for using equity method	3,568	(4,260)
   Total	(10,671)	(10,965)
   Total other comprehensive income	(9,508)	(9,402)
   Comprehensive income	34,658	42,074
   Comprehensive income attributable to: Owners of parent	31,648	34,193
   Non-controlling interests	3,010	7,881
   Comprehensive income	34,658	42,074

3. Condensed Semi-annual Consolidated Statements of Changes in Equity

Six months ended September 30, 2024

(Millions of yen)

Equity attributable to owners of parent

Other components of equity

Financial assets measured at fair

Exchange differences on

Remeasure ments 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

Six months ended September 30, 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