27 February 2026 – OM Holdings Limited (“OMH” or the “Company”, together with its subsidiaries (the “Group”), an international manganese and silicon smelting group, today announced its financial results for the full year ended 31 December 2025 (“FY2025”).

The Group delivered a resilient performance, reporting revenue of US$636.3 million, representing a marginal 3% decrease from the previous financial year (“FY2024”), due to lower average selling prices for ferrosilicon and manganese alloys. Gross profit for the year amounted to US$62.2 million, representing a gross profit margin of 9.8%, compared with the US$113.2 million gross profit and 17.3% margin reported for FY2024.

Net profit after tax stood at US$1.1 million while basic and diluted profit per share was 0.31 US cents. Earnings before interest, tax, depreciation, and amortisation amounted to US$50.7 million, compared with US$76.0 million in FY2024.

Commenting on the results, Executive Chairman and Chief Executive Officer of OMH, Mr Low Ngee Tong shared “FY2025 presented a markedly more challenging pricing environment than the previous year, as both ferrosilicon and manganese alloy prices continued to sustain downward pressure from weak steel demand and heightened global competition. Against this backdrop, our team demonstrated operational resilience and discipline as we grew our sales volumes and lowered unit costs, and successfully completed a major refinancing of the OM Sarawak Project Finance loans on more favourable terms. These efforts assisted to preserve profitability and protect our balance sheet through a difficult period. We remain focused on our core strengths of disciplined operations and strategic raw material procurement as we position the Group for improved performance when market conditions recover.”

The Group’s financial position remained stable at year-end. Total borrowings decreased from US$219.7 million as at 31 December 2024 to US$213.1 million. During the year, the OM Sarawak Project Finance loans and a revolving credit facility were successfully refinanced. The total borrowings to equity ratio improved from 0.52 times to 0.50 times. Net asset backing per ordinary share was 55.25 US cents as at 31 December 2025, compared to 54.97 US cents at 31 December 2024.

The Group also completed the divestment of its 26% interest in Ntsimbintle Mining Proprietary Limited for total final consideration of circa ZAR 1.95 billion (approximately US$120 million), with the transaction expected to settle on 27 February 2026.

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This media release is to be read in conjunction with the Group’s announcement on its FY2025 Full Year Financial Results posted on the ASX and OMH website on 27 February 2026.

29 January 2026 – OM Holdings Limited (“OMH” or the “Company”), an international manganese and silicon smelting group, today announced that all suspensive conditions relating to the sale of its 26% interest in Ntsimbintle Mining Proprietary Limited (“NMPL”) to Exxaro Resources Limited have been fulfilled and/or waived, and the transaction has become unconditional.

The sale transaction with consideration of ZAR 1.86 billion (approximately US$101.4 million), initially announced on 13 May 2025, has now satisfied all material suspensive conditions as outlined in the conditional binding Sale and Purchase Agreement.  Following the fulfillment of certain key conditions announced on 2 December 2025, including the conclusion and signing of a commercial agreement for marketing Tshipi manganese ore, the remaining suspensive conditions have now been met. The transaction is expected to be completed on or before 27 February 2026.

Executive Chairman and Chief Executive Officer Low Ngee Tong commented on this significant transaction by stating: “This marks an important milestone for OMH. With all conditions satisfied, we can now move forward to closing the transaction and focusing on advancing OMH’s growth strategy. The proceeds from this sale will further strengthen our financial position and allow us to refine our capital structure, and return value to shareholders at an appropriate time.”

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This media release is to be read in conjunction with OMH’s announcement on its OM Mauritius’ 26% Interest in NMPL Sale Update posted on the ASX website on 29 January 2026.

2 December 2025 – OM Holdings Limited (“OMH” or the “Company”), an international manganese and silicon smelting group, today announced significant progress in the sale of its 26% interest in Ntsimbintle Mining Proprietary Limited (NMPL) to Exxaro Resources Limited, with multiple material regulatory and shareholder approvals now secured. 

The Company is pleased to confirm that the following material suspensive conditions related to the ZAR 1.86 billion (approximately US$101.4 million) transaction have been successfully fulfilled:

i) Ministerial approval under section 11 of the Mineral and Petroleum Resources Development Act, 2002, in respect of Tshipi é Ntle Manganese Mining (Pty) Ltd;

ii) Approval by the relevant competition authorities of South Africa;

iii) Approval of the Transaction by Ntsimbintle Holdings Proprietary Limited’s (“NH”) shareholders pursuant to sections 112 and 115 of the Companies Act, 2008 as it relates to the Agreement with NH; and

iv) Requisite escrow agreements being entered into and the warranty and indemnity insurance policies being issued.

The successful completion of the transaction remains contingent upon the fulfillment of outstanding suspensive conditions. Subject to these remaining approvals, the transaction is expected to close in early
2026.

Executive Chairman and Chief Executive Officer Low Ngee Tong commented on the transaction update: “We are pleased to share that the transaction has advanced meaningfully with key material conditions now satisfied, including relevant regulatory approvals. Reaching this stage reflects the collective effort and cooperation of all parties involved, and we appreciate the commitment shown throughout the process. We look forward to completing the transaction successfully, unlocking value from our long-term investment, and begin a shift towards the next chapter for OMH.”

OMH wholly owned subsidiary, OM Mauritius, entered into a conditional binding Sale and Purchase Agreement with Exxaro Resources Limited in May 2025 for the sale of its 26% interest in NMPL. NMPL holds a 50.1% interest in Tshipi é Ntle Manganese Mining (Pty) Ltd, which operates the Tshipi Borwa Mine in South Africa’s world-class Kalahari Manganese Field. The Tshipi Mine is one of the largest manganese mines in South Africa by production and export volume, and ranks among the five largest manganese operations globally. OMH holds an effective 13% interest in Tshipi.

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This media release is to be read in conjunction with the Group’s announcement on its OM Mauritius’ 26% Interest in NMPL Sale Update posted on the ASX website on 2 December 2025.

Bintulu, 27 October 2025 – OM Materials (Sarawak) Sdn Bhd is proud to announce that it has successfully attained the ISO 50001:2018 Energy Management System certification, awarded by the British Standards Institution (BSI). This internationally recognised certification reflects our structured approach to managing energy use, reinforcing our commitment to improving energy efficiency and promoting sustainable operations.

“Achieving ISO 50001 certification marks a key milestone for OM Sarawak,” said Willie Tan, Deputy General Manager – HSE & Sustainability of OM Sarawak. “It highlights our ongoing efforts to optimise energy use across our operations, in line with recognised standards and broader sustainability goals.”

In line with ISO 50001:2018 standards, OM Materials (Sarawak) Sdn Bhd reaffirms its commitment to responsible energy management and will continue to monitor and enhance its energy performance. The company will work closely with employees and stakeholders to ensure regulatory compliance, reduce environmental impact, and pursue ongoing efficiency improvements across its operations.

28 August 2025 – OM Holdings Limited (“OMH” or the “Company”), an international manganese and silicon smelting group, has today released its interim financial report for the half-year ended 30 June 2025 (“1H2025”).

OMH delivered a marginal revenue growth of US$309.3 million for 1H2025, compared to the same period in 2024 (“1H2024”). The marginal increase was primarily driven by higher ore volumes traded at higher average selling prices, offset by lower alloy volumes traded.

Ferrosilicon, a key product in the Company’s alloy portfolio, has experienced sustained global decline since December 2024, driven by a weakened downstream steel market and increased competition from Russian-origin materials. These external factors have compressed profit margins considerably, resulting in a gross profit of US$21.6 million and a loss after tax of US$9.6 million in 1H2025. Accordingly, Earnings Before Interest, Tax, Depreciation and Amortisation declined to US$19.1 million compared to US$46.6 million in 1H2024, while basic and diluted loss per share was recorded at 1.25 US cents.

Commenting on the results, Executive Chairman and Chief Executive Officer of OMH, Mr Low Ngee Tong stated, “While topline growth was modest, we have continued to put the focus on the levers that we can control – cost and cash. The loss after tax reflects an industry worldwide compression of margins, as ferrosilicon prices fell to levels that we believe are not sustainable relative to long-term fundamentals. Operationally, our business is on a solid footing with stable cashflows, reflecting our ability to be sustainable during cyclical lows. We also look forward to concluding the sale of OMQ by the end of this year, and OMH Mauritius disposing of its 13% interest in the Tshipi Mine by early 2026.”

OMH’s consolidated cash position stood at US$44.1 million (including cash collateral) while net cash generated from operating activities was US$34.6 million. The Group’s borrowings to equity ratio declined from 0.52 times to 0.44 times, driven by lower utilization of trade and revolving credit facilities, along with the successful refinancing of OM Sarawak Project Finance loans and a revolving credit facility in 1H2025.

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This media release is to be read in conjunction with the Group’s announcement on its 1H2025 Half-Year Financial Results posted on the ASX website on 28 August 2025.

17 June 2025 – OM Holdings Limited (“OMH” or the “Company”), an international manganese and silicon smelting group, is proud to announce its inclusion for the second consecutive year on the prestigious Fortune Southeast Asia 500 list, securing the 378th position on this year’s ranking.

The Company’s continued inclusion on the Fortune Southeast Asia 500 list is a strong validation of its scale, resilience and sustained operating and financial performance, amid a period of elevated market volatility since 2024. OMH’s results for the financial year ended 31 December 2024 (“FY2024”) reflected the strength of its business model, cost competitiveness, and operational agility in navigating global commodity cycles.

“We are pleased to be recognized once again by Fortune 500 as one of Southeast Asia’s top-performing companies,” said Mr Low Ngee Tong, Executive Chairman and Chief Executive Officer of OMH. “This recognition affirms the consistency of our strategy and operational discipline, particularly during a year where the ferroalloy markets experienced significant pricing swings and cost pressures.”

“In 2024, we operated in an environment marked by sharp manganese alloy price movements, regulatory shifts in China impacting ferrosilicon trade, and broader macroeconomic headwinds. Through it all, our team remained focused on cost control, procurement discipline, and production optimization. These efforts enabled us to deliver record production volumes, remain profitable, and continue creating long-term shareholder value,” Mr Low added.

For FY2024, the Group reported revenue of US$654.3 million, up 11% from the previous year, with more than 500,000 tonnes of ferrosilicon and silicomanganese sold. EBITDA stood at US$76.0 million, while net profit after tax totaled US$9.7 million. The Company also declared a final dividend of A$0.004 per share, in line with its dividend policy.

OMH’s flagship ferroalloy smelting facility in Sarawak, Malaysia, remains one of the largest and most cost-efficient in the region outside China, underpinning its structural competitiveness. Complementing its smelting operations, the Group also maintains a strategic trading and marketing presence in Singapore, Japan, and China. Additionally, OMH owns a manganese asset in Australia poised for ultra-fines processing.

The Fortune Southeast Asia 500 list, launched in June 2024, identifies the top companies in the region based on their annual revenue. For detailed information on the Fortune Southeast Asia 500 list, please visit Fortune.

28 February 2025 – OM Holdings Limited (“OMH” or the “Company”, together with its subsidiaries (the “Group”), an international manganese and silicon smelting group, today announced its financial results for the full year ended 31 December 2024 (“FY2024”). Despite ongoing pressures from declining ferroalloy prices, the Company has continued to deliver solid financial performance, maintaining a strong focus on operational excellence.

 

The Group reported higher revenue of US$654.3 million, an 11% increase from the previous financial year (“FY2023”), driven by higher volumes of alloys traded in FY2024. With an average 15 out of 16 furnaces in operation last year, the Company achieved record production levels, surpassing 500,000 tonnes of alloys (ferrosilicon and silicomanganese combined) in both output and sales.

 

Given the cost efficiencies achieved, gross profit for the year amounted to US$113.2 million, representing a gross profit margin of 17%, slightly higher than the US$94.8 million gross profit and 16% margin reported for FY2023. Net profit after tax stood at US$9.7 million, with higher distribution costs and foreign exchange loss recorded, while basic and diluted profit per share was 1.22 US cents. Earnings before interest, tax, depreciation, and amortisation amounted to US$76.0 million, with the smelting business segment contributing US$27.7 million and the marketing and trading segment contributing US$22.6 million.

 

In recognizing the trust and support of our valued shareholders, OMH is pleased to declare a final dividend of A$0.004 per share for FY2024. This represents 20% of the Group’s net profit after tax of US$9.7 million. This decision aligns with the Group’s Dividend Policy and underscores the deep commitment to delivering sustainable value to shareholders.

 

Commenting on the results, Executive Chairman and Chief Executive Officer of OMH, Mr Low Ngee Tong stated “We are pleased with our achievements in FY2024. We sincerely appreciate shareholders’ continued confidence in our vision, and we remain dedicated to driving long-term value and stability for all stakeholders. Despite a sharp increase in ore costs last year and ferroalloys market performing below expectations, we stayed focused on what we could control – driving efficiency, optimizing operations, and making strategic market decisions.”

 

Mr Low added “Our record production in FY2024 was a significant achievement, helping to cushion the impact of declining alloy prices, which squeezed margins, particularly in the second half of the year. Amid the volatility in the manganese ore and silicomanganese markets, our proactive approach to raw material procurement was crucial. By securing supplies at the right price levels, we maintained cost competitiveness and ensured uninterrupted production.”

 

“Our strategic pivot with the silicon metal furnaces – temporarily switching to ferrosilicon production – allowed us to maximize returns during a period of global silicon metal oversupply and subdued demand. In challenging times like this, agility and adaptability have been key, enabling us to navigate market uncertainties while maintaining strong operational performance.”

 

OMH’s financial position at the end of FY2024 remained healthy, with a consolidated cash position of US$67.9 million (including cash collateral), while net cash flows generated from operating activities were US$83.3 million. Total borrowings to equity ratio as at 31 December 2024 were reduced from 0.64 times as at 31 December 2023 to 0.52 times, which signified the Company’s commitment for continuous debt repayments while balancing growth.

 

The Record Date for the dividend will be 2 May 2025 and a Payment Date on 23 May 2025. For shareholders whose shares are held on Bursa Malaysia Securities Berhad, the final dividend of A$0.004 per share (approximately MYR0.011 per share) will be paid on the same Payment Date, with the exchange rate fixed at the Record Date of 2 May 2025. All other shareholders will be paid in AUD.

 

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This media release is to be read in conjunction with the Group’s announcement on its FY2024 Full Year Financial Results posted on the ASX and OMH website on 28 February 2025.

ABOUT OM HOLDINGS LIMITED

OM Holdings Limited (“OMH” or the “Group”) is a manganese and silicon smelting company, with vertical exposure in mining and trading. We are engaged in the business of trading raw ores, smelting, and marketing of processed ferroalloys. With over 25 years in the industry, OMH is listed on both ASX and Bursa Malaysia and has operations across Australia, China, Malaysia, Singapore, and South Africa. Today, the Group is one of the region’s largest producer of ferroalloys and seeks to be the main ferroalloy supply partner to major steel mills and other industries.

For more information, visit https://www.omholdingsltd.com/

Bintulu, Sarawak, 2nd December 2024 – OM Materials (Sarawak) Sdn Bhd (“OM Sarawak”) was awarded the Champion for the prestigious Diamond Award under the Large Enterprise category at the Bintulu Sustainability Awards (BiSA) 2024 ceremony. The Diamond Award was the highest honor bestowed, followed by the Platinum and Silver Awards. This recognition highlights OM Sarawak’s impactful contributions to sustainable development and environmental stewardship in the region.

The event recognises companies demonstrating exceptional efforts and achievements in pursuing sustainability practices and was organized by Bintulu Development Authority (BDA) and co-organized by Universiti Putra Malaysia (UPM), supported by the Department of Occupational Safety and Health (DOSH), Department of Environment (DOE), Natural Resources and Environment Board (NREB), and Ministry of Education Malaysia (KPM).

OM Sarawak’s commitment to sustainability is exemplified by its efforts in sustainable waste management practices. By repurposing industrial by-products, the company has significantly reduced waste and minimized dependence on natural resources, positively impacting local communities and the environment.

These efforts align with OM Sarawak’s broader vision of fostering a circular economy, by closing the industrial waste loop and advancing sustainability efforts. Through these practices, OM Sarawak is reducing its environmental footprint and paving the way for a resource-efficient and eco-friendly future.

As the company moves forward, OM Sarawak remains dedicated in promoting and driving sustainable solutions through collaboration, innovation, and community engagement. This strategic approach aims to deliver long-term benefits for both the environment and the communities of Sarawak.

2022 Emergency drill exercise at OM Materials (Sarawak)’s smelting plant

11 November 2022, TODAY – A successful emergency drill exercise was conducted today at OM Materials (Sarawak) Sdn. Bhd.’s smelting plant in Samalaju, Sarawak. The emergency drill exercise, which involved staged mass casualties and hazmat evacuation, was a joint collaboration effort between OM Sarawak, Bintulu General Hospital, and the Bintulu and Samalaju Fire departments.

Setting the stage, the emergency drill started off with the spillage of hazardous chemical substances in a laboratory, causing toxic fume contamination in the building and gas intoxication of employees working in the building. The emergency drill exercise involved 28 personnel from OM Sarawak, 36 personnel from Bintulu General Hospital and 23 personnel from the Fire Department. Representatives from Bintulu Health Department, Department of Safety and Health, and the Police Department were also present and acted as evaluators for the drill exercise.

OM Sarawak Health and Safety Department highlighted that the objectives of the emergency drill exercise were to gauge the level of preparedness, giving employees an opportunity to practice emergency procedures in a simulated but safe environment, as well as to reinforce the cooperation between OM Sarawak, Bintulu Hospital, Bintulu and Samalaju fire departments in managing emergency situations together in the plant located at Samalaju Industrial Park.

Dr Loi Siew Ling, Bintulu General Hospital’s Emergency Physician shared: “The joint emergency drill has been extremely successful and we encourage companies to conduct more drills to prepare employees in case of future accidents. “

OM Sarawak would like to express gratitude to all agencies and personnel involved in the exercise.

Bintulu, 22 December 2023 – OM Materials (Sarawak) Sdn Bhd takes a significant step forward, achieving ISO 14001 and 45001 certifications for its Environmental Management System (EMS) and Occupational Health and Safety (OSH) Management System. These certifications, accredited by the United Kingdom Accreditation Service (UKAS), underscore our enduring commitment to environmental sustainability and excellence in occupational health and safety.

The ISO 14001 certification acknowledges OM Materials (Sarawak) Sdn Bhd’s dedication to implementing and maintaining an effective environmental management system. This certification demonstrates our commitment to minimising our environmental impact, ensuring regulatory compliance and continuously improving our environmental performance.

Similarly, the ISO 45001 certification recognises our commitment to providing a safe and healthy workplace for our employees and stakeholders. This certification affirms that OM Materials (Sarawak) Sdn Bhd adheres to international standards for occupational health and safety, fostering a culture of safety and well-being within our organisation.

OM Materials (Sarawak) Sdn Bhd sees these certifications as a significant milestone in our journey towards sustainability and excellence. As a responsible corporate citizen, we understand the importance of integrating environmental and OSH considerations into our business operations. These certifications serve as a testament to our commitment to the well-being of our employees, the community and the environment in which we operate.

In addition to achieving ISO 14001 and 45001 certifications, OM Materials (Sarawak) Sdn Bhd is actively working towards obtaining ISO 9001 certification for our Quality Management System. This comprehensive certification strategy reflects our unwavering commitment to delivering high-quality products and services while adhering to the highest standards in environmental, occupational health, and safety practices.

OM Materials (Sarawak) Sdn Bhd acknowledges the substantial impact these certifications will have on our operations and the communities we serve. We remain resolute in our commitment to sustainable business practices and anticipate making valuable contributions to a future characterized by enhanced safety and environmental consciousness.

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