Business
Report on Payments to Governments 2025
Fresnillo plc has reported its payments to governments for the year 2025, totaling $415,414,843 USD. The majority of these payments, $414,249,978 USD, were made in Mexico, primarily consisting of taxes amounting to $372,136,027 USD and license and concession fees of $41,711,652 USD. Peru accounted for $1,164,865 USD in license and concession fees. No payments were made for production entitlements, dividends, bonuses, or infrastructure improvements. These figures are reported on a cash flow basis and are net of refunds. Disclaimer*
About this update from Fresnillo Plc
Fresnillo plc 21 Upper Brook Street London W1K 7PY United Kingdom www.fresnilloplc.com 15 June 2026 Fresnillo plc - Report on Payments to Governments for the year 2025 Background This Report provides an overview of the payments to governments made by Fresnillo plc and its subsidiaries for the year ended 31 December 2025, as required under the UK Reports on Payments to Governments Regulation 2014 and its amendment in December 2015 (the UK Regulations). This Report is also intended to satisfy the requirements of the Disclosure and Transparency Rules of the Financial Conduct Authority in the United Kingdom. This Report is available for download from https://www.fresnilloplc.com/investors/regulatory-announcements/ The 'Basis of Preparation' section below contains information about the content of the Report, the types of payments included, and the principles that have been applied in preparing the Report. Basis for preparation - Report on Payments to Governments for the year 2025 Reporting entities Under the UK Regulations, this Report includes payments to the government made by Fresnillo plc and its subsidiary undertakings (Fresnillo). Activities Payments made by Fresnillo to governments arising from activities involving the exploration, prospection, discovery, development, and extraction of minerals (extractive activities) are disclosed in this Report. When payments cover both extractive and processing activities and cannot be split, the payment has been disclosed in full. Government Government includes any national, regional, or local authority of a country to which Fresnillo has made a payment related to these regulations, and any department, agency, or entity controlled by such authority. Project Payments are reported at the project level, except for payments that are not attributable to a specific project, which are reported at the entity level. Within the UK Regulations, a project is defined as the operational activities governed by a single contract, licence, lease, concession, or a similar legal agreement, and forms the basis for payment liabilities with a government. If agreements of this kind are substantially interconnected (i.e., forming a set of operationally and geographically integrated contracts, licenses, leases or concessions), these are treated for these Regulations as a single project. Indicat...