This article was written by

Follow

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Operator

Good afternoon, and welcome to the Central Asia Metals plc H1 2026 Results Investor Presentation. [Operator Instructions] Before we begin, I would like to submit the following poll. And I would now like to hand you over to CEO, Gavin Ferrar. Good afternoon.

Gavin Ferrar
CEO & Director

Thank you. Good afternoon, and welcome to our CAML H1 2026 results. I’m very pleased to announce our results today for the first half of the year, but let’s just start with a brief overview of what these results are sort of being underpinned by, which are our 2 operating assets, 1 in Kazakhstan, the Kounrad copper operation, which we own 100%. That has been producing copper cathode since 2012, has a life out to — or license at least out to 2034. And the Sasa lead-zinc mine in North Macedonia, again, 100% owned since 2017 with a reserve life out to 2034.

The Kazakhstan exploration companies, CAML X and CAML XD, again, are conducting exploration for base metals prospects in Kazakhstan. And we have a minority stake in a company called Aberdeen Minerals, which is exploring for copper-nickel mineralization around Arthrath in Scotland.

So moving on to the results themselves. Today, we announced a, at 7:00 this morning, really excellent set of results for us, which really reflects a strong operational performance in an environment of good commodity prices. And that has resulted in a revenue figure of $145.5 million, EBITDA of $75.5 million, an EBITDA margin of 52% and free cash flow of $46.8 million. All of these metrics are significantly up on the similar period last year. The cash flow number I mentioned of just shy

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8