Key statements made by AMAK’s CEO, Engineer Geoffrey Day, to Al Ekhbariya regarding the first-half 2026 results and expectations for the upcoming period:

• The shutdown of the base metals processing plant affected production and sales volumes during the first half.
• Higher cost of sales and general and administrative expenses put pressure on profitability, alongside a decline in revenue of approximately 5%.
• The company resumed operations at the processing plant in May, and production levels began to stabilize gradually as operational performance improved.
• AMAK expects stronger financial and operational performance in the second half, supported by increased production and continued normal operating conditions.
• Copper and zinc prices remained relatively strong, while the unexpected decline in gold prices affected the second-quarter results.
• The company is working to achieve its budgeted production volumes and benefit from operational improvements during the remaining months of the year.
• The exploration program made encouraging progress in identifying additional mineral resources.
• The current processing facilities can accommodate the additional reserves located within economically viable transportation distances.
• AMAK will consider expanding its processing capacity or establishing new facilities if discoveries exceed the current capacity.
• The capital increase through a rights issue aims to fund growth initiatives, sustainability plans, and long-term expansion.