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Mugodhi Mining & Securities Ltd.

Investor relations · financial review

Financial information

Financial reporting with a visible reporting period, clear definitions and an explicit distinction between company-supplied figures and independently audited accounts.

01

Available reporting

The supplied 2025 report includes a summary income statement and a comparative column labelled 2023. The comparative figures are not a complete standalone 2023 annual report.

The 2025 statement reports revenue of US$10,812 million, gross profit of US$3,688 million and profit for the year of US$1,890 million. These are reproduced as company-provided figures, not independently verified results.

02

Interpreting the numbers

Revenue is not cash received; profit is not the same as free cash flow. Adjusted measures need definitions and reconciliations to the underlying accounting statements.

Before relying on a financial result, establish the reporting entity, consolidation scope, accounting framework, reporting period, currency, audit opinion and the treatment of material estimates.

03

Historical comparability

No complete 2020, 2021, 2022 or 2024 financial statements have been supplied for publication. A downturn in 2020 or a later recovery cannot be stated as Mugodhi's performance without its underlying records.

The reporting library does not interpolate missing revenue, production or profits, and does not present a modelled trend as historical performance.

Information basis

No signed independent audit opinion accompanies the supplied report. Financial commitments require independent due diligence.

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