Caledonia Mining Corporation Plc: Abridged Quarterly Results and Details of Management Conference Call for the three and nine months ended September 30, 2025 ("Q3 2025" or "the Quarter") | Taiwan News | Nov. 10, 2025 15:00

Contributing sentiments towards policy:

60% : BLANKET MINE (Q3 2025 vs Q3 2024) Production and sales Gold production at Blanket for the Quarter was 19,106 oz, higher than the 18,992 oz produced in Q3 2024.
58% : 1,501 29.0% 1,848 1,346 37.3% Realised gold price (US$/oz)3,434 2,447 40.3% 3,178 2,265 40.3% FINANCIALS3 Revenue (US$ 000)71,440 46,868 52.4% 192,927 135,503 42.4% EBITDA (US$ 000)33,491 12,756 162.6% 95,502 42,269 125.9% Profit after tax (US$ 000)18,654
55% : See End Notes below. 2025 Production, cost and capital expenditure guidance Gold production guidance range for 2025 maintained at 75,500 to 79,500 oz[1]2025 cost guidance for Blanket: On-mine cost guidance range of US$1,150 to US$1,250/oz soldAISC guidance range of US$1,850 to US$1,950/oz sold Capex guidance for 2025 is US$41.0m, including: US$34.1m allocated to Blanket (US$29.3m sustaining and US$4.8m non-sustaining capex)Exploration spend US$5.8m, allocated to Bilboes and Motapa projectsGroup
55% : This decision aligns with applicable exemptions under Canadian securities regulations, including National Instrument 71-102 - Continuous Disclosure and Other Exemptions Relating to Foreign Issuers, and reflects our status as an SEC foreign issuer with equivalent disclosure obligations outside Canada.
55% : This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
55% : Craig James Harvey is a "Qualified Person" as defined by each of (i) the Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects and (ii) sub-part 1300 of Regulation S-K of the U.S. Securities Act.
52% : A further 437 oz of gold were produced and sold from the Bilboes oxide mine in the Quarter.Revenue up 52% to US$71.4 million compared to the third quarter of 2024 ("Q3 2024" or "the comparative quarter") driven by higher gold prices and increased sales.Gross Profit increased to US$36.9 million, compared to US$19.3 million in Q3 2024.EBITDA of US$33.5 million (Q3 2024: US$12.8 million, a 162% increase).Profit after tax of US$18.7 million (Q3 2024: US$3.3 million, a 467% increase).Consolidated
52% : Reporting Changes Caledonia no longer publishes financial statements and management's discussion and analysis (MD&A) reports on a quarterly basis in accordance with Canadian securities regulations.
52% : Refer to the 2024 Annual Report on Form 20-F Appendix B Consolidated statements of financial position (in thousands of United States Dollars, unless indicated otherwise) Unaudited As at September 30, 2025 December 31, 2024 January 1, 2024 *Restated Assets Exploration and evaluation assets102,813 97,326 94,272 Property, plant and equipment202,046 189,456 179,649 Deferred tax asset303 264 153 Total non-current assets305,162 287,046 274,074 Income tax receivable- 355 1,120 Inventories28,684 23,768 20,304 Derivative financial assets- - 88 Trade and other receivables11,094 12,675 9,952 Prepayments14,148 6,748 2,538 Fixed term deposit18,500 - - Cash and cash equivalents15,670 4,260 6,708 Assets held for sale- 13,512 13,519 Total current assets88,096 61,318 54,229 Total assets393,258 348,364 328,303 Equity and liabilities Share capital166,234 165,408 165,068 Reserves138,875 138,465 137,819 Retained loss(53,581) (89,996) (97,143)
52% : Equity attributable to equity holders of the parent251,528 213,877 205,744 Non-controlling interests24,943 20,587 18,456 Total equity276,471 234,464 224,200 Liabilities Deferred tax liabilities50,422 48,418 46,123 Provisions10,324 9,664 10,985 Loans
52% : 68,505 63,970 Cash-settled share-based payment2,236 634 920 Income tax payable6,530 2,958 10 Lease liabilities259 95 167 Loans and borrowings1,281 1,174 - Loan note instruments9,175 855 665 Trade and other payables21,652 26,647 20,503 Overdrafts8,392 12,928 17,740 Liabilities associated with assets held for sale- 104 128
51% : Operating profit29,522 8,708 83,632 30,163 Finance income201 7 328 16 Finance cost(870) (831) (2,372) (2,360) Profit before tax28,853 7,884 81,588 27,819 Tax expense(10,199) (4,600) (28,176) (12,281) Profit for the period18,654 3,284 53,412 15,538 Other comprehensive income Items that are or may be reclassified to profit or loss Exchange differences on translation of foreign operations255 629 701 663 Total comprehensive income for the period18,909 3,913 54,113 16,201 Profit attributable to: Owners of the Company15,120 2,264 44,521 12,033 Non-controlling interests3,534 1,020 8,891 3,505 Profit for the period18,654 3,284 53,412 15,538 Total comprehensive income attributable to: Owners of the Company15,375 2,893 45,222 12,696 Non-controlling interests3,534 1,020 8,891 3,505 Total comprehensive income for the period18,909 3,913 54,113 16,201 Earnings per share Basic earnings per share ($)0.77 0.13 2.27 0.62 Diluted earnings per share ($)0.77 0.13 2.27 0.62 *
50% : Tax paid(11,693) (6,042) (21,939) (8,318)
46% : Such factors and assumptions include, but are not limited to: failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, success of future exploration and drilling programs, reliability of drilling, sampling and assay data, assumptions regarding the representativeness of mineralisation being inaccurate, success of planned metallurgical test-work, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, changes in government regulations, legislation and rates of taxation, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors.

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