Investor/Analyst Briefing 1H26

Investor/Analyst Briefing 1H26

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1H26

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1H26

Investor/Analyst Briefing June 2026

Financial Highlight

  • 1H26 revenue increased by 21% YoY, was mainly driven by higher volume and ASP.
  • 1H26 gross profit slow down by 11% YoY, was mainly due to higher production cost, especially in fuel, coal, and royalty cost.
  • EBITDA and PATMI  growth in line with increased in revenue. The growth also driven by higher output in KPS, and ownership in ONC.

Bussines Highlight

  • Higher sales volume from mining business in 1H26, was mainly driven by additional production lines of KPS.

  • For 1H26 HPAL sales volume, combined sales from HPL & ONC reached 59,272 tons of contained Ni as few of the June shipments just sailed in the following month.

  • Significant growth of RKEF sales volume was driven by higher output of KPS in 1H26. Overall FeNi sales volume grew by 37% YoY in 1H26.