OM Holdings Limited – Demonstrated Resilience Despite Challenging Market Conditions in FY2025

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.