Interim report
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Note : This document has been translated from a part of the Japanese original for reference purposes only . In the event of any discrepancy between this translated document and the Japanese original , the original shall prevail . Consolidated Financial Results for the Three Months Ended June 30 , 2026 ( Under IFRS ) August 6 , 2026 Tokyo Stock Exchange Company name : JX Advanced Metals Corporation Listing : Securities code : 5016 URL : Representative : Inquiries : Telephone : https://www.jx-nmm.com/english/ Hayashi Yoichi , President & Representative Director , CEO Yoneyama Manabu , Manager ( Disclosure ) , Corporate Communication Dept. + 81-3-6433-6088 Scheduled date to commence dividend payments : Preparation of supplementary material on financial results : Yes Holding of financial results briefing : Yes ( for institutional investors and analysts ) Accounting Standards F FASF MEMBERSHIP ( Yen amounts are rounded to millions , unless otherwise noted . ) 1. Consolidated financial results for the three months ended June 30 , 2026 ( from April 1 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated operating results ( Percentages indicate year - on - year changes . ) Profit attributable to owners of parent | Total comprehensive income % Millions of yen Net sales Operating profit Profit before tax Profit Three months ended Millions of yen June 30 , 2026 June 30 , 2025 % Millions of yen 260,604 36.2 81,446 175.5 191,276 12.1 29,558 21.8 % Millions of yen 79,644 179.9 28,459 21.3 % Millions of yen 60,418 160.0 23,242 32.7 % Millions of yen % 53,070 181.3 18,865 27.8 76,356 506.7 12,585 ( 69.8 ) Basic earnings per share Diluted earnings per share Three months ended June 30 , 2026 Yen 56.80 20.35 Yen 56.06 20.32 June 30 , 2025 ( 2 ) Consolidated financial position As of June 30 , 2026 March 31 , 2026 Total assets Millions of yen 1,670,135 1,505,337 Total equity 1 Millions of yen 725,433 838,258 Equity attributable to owners of parent Millions of yen 642,361 726,488 Ratio of equity attributable to owners of parent to total assets % 38.5 48.3
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2 2. Cash dividends Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended March 31, 2026 – 6.00 – 25.00 31.00 Fiscal year ending March 31, 2027 – Fiscal year ending March 31, 2027 (Forecast) 10.00 – 10.00 20.00 (Notes) 1. Revision to the most recently announced dividend forecasts: None 2. We resolved at our Board of Directors’ meeting held on May 11, 2026 to change our shareholder return policy. This change will be applied from the fiscal year ending March 2027. For matters related to the change to our shareholder return policy, please refer to the “Notice Regarding Change to Shareholder Return Policy” announced on the same date (May 11, 2026). 3. Consolidated financial result forecasts for the fiscal year ending March 31, 2027 (from April 1, 2026 to March 31, 2027) (Percentages indicate year-on-year changes.) Net sales Operating profit Profit before tax Profit Profit attributable to owners of parent Basic earnings per share Full year Millions of yen % Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen 1,025,000 15.9 232,000 32.6 221,000 30.7 174,000 35.2 141,000 34.7 155.80 (Note) Revision to the most recently announced financial result forecasts: Yes For matters related to the revision to the consolidated financial result forecasts, please refer to the “Notice Concerning Revisions to Full-Year Financial Forecasts” announced today.
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3 * Notes (1) Significant changes in the scope of consolidation during the period: None (2) Changes in accounting policies and changes in accounting estimates (i) Changes in accounting policies required by IFRS: None (ii) Changes in accounting policies due to reasons other than (i): None (iii) Changes in accounting estimates: None (3) Number of issued shares (ordinary shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of June 30, 2026 953,183,210 shares As of March 31, 2026 928,463,102 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 2,288,019 shares As of March 31, 2026 2,337,181 shares (iii) Average number of shares outstanding during the period Three months ended June 30, 2026 934,301,891 shares Three months ended June 30, 2025 927,243,602 shares * Review of the attached quarterly consolidated financial statements by certified public accountants or an audit firm: None * Proper use of earnings forecasts and other special matters (Notes on forward-looking statements) This document contains certain forward-looking statements. However, actual results may differ significantly from descriptions reflected in any forward-looking statements due to various factors, including, but not limited to, the following: (1) changes in macroeconomic conditions and in the competitive environment surrounding the resources and materials industries; (2) changes in laws or tightening of regulations; and (3) risks related to litigation and other legal proceedings. * For year-on-year percentage changes, a sign “–” is shown in cases where either or both of figures for the current and previous periods are negative, or where the percentage change is 1,000% or more.
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4 1. Condensed Quarterly Consolidated Financial Statements and Primary Notes (1) Condensed Quarterly Consolidated Statements of Financial Position (Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and cash equivalents 66,306 218,978 Trade and other receivables 164,237 160,667 Inventories 345,075 365,968 Other financial assets 1,802 10,453 Other current assets 24,294 28,746 Assets held for sale 21,480 4,783 Total current assets 623,194 789,595 Non-current assets Property, plant and equipment 406,816 402,832 Goodwill 8,477 8,510 Intangible assets 18,654 18,968 Investments accounted for using equity method 372,153 375,446 Other financial assets 55,739 65,227 Deferred tax assets 16,107 4,649 Other non-current assets 4,197 4,908 Total non-current assets 882,143 880,540 Total assets 1,505,337 1,670,135
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5 (Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities and equity Liabilities Current liabilities Trade and other payables 119,703 105,707 Borrowings 145,976 32,513 Lease liabilities 2,820 2,707 Income taxes payable 21,921 14,869 Other financial liabilities 7,123 198,237 Provisions 4,248 3,300 Other current liabilities 49,864 35,834 Total current liabilities 351,655 393,167 Non-current liabilities Bonds and borrowings 178,274 404,067 Lease liabilities 14,774 13,939 Other financial liabilities 16,157 16,230 Retirement benefit liability 26,102 26,609 Provisions 54,014 55,132 Deferred tax liabilities 22,905 31,965 Other non-current liabilities 3,198 3,593 Total non-current liabilities 315,424 551,535 Total liabilities 667,079 944,702 Equity Share capital 75,000 75,000 Capital surplus 46,409 111,018 Retained earnings 518,498 548,308 Treasury shares (2,219) (2,178) Other components of equity 88,800 (89,787) Total equity attributable to owners of parent 726,488 642,361 Non-controlling interests 111,770 83,072 Total equity 838,258 725,433 Total liabilities and equity 1,505,337 1,670,135
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6 (2) Condensed Quarterly Consolidated Statements of Profit or Loss and Condensed Quarterly Consolidated Statements of Comprehensive Income (Condensed Quarterly Consolidated Statements of Profit or Loss) (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Net sales 191,276 260,604 Cost of sales 149,287 201,856 Gross profit 41,989 58,748 Selling, general and administrative expenses 25,917 28,943 Share of profit of investments accounted for using equity method 13,643 32,854 Other income 1,386 20,719 Other expenses 1,543 1,932 Operating profit 29,558 81,446 Finance income 687 543 Finance costs 1,786 2,345 Profit before tax 28,459 79,644 Income tax expense 5,217 19,226 Profit 23,242 60,418 Profit attributable to: Owners of parent 18,865 53,070 Non-controlling interests 4,377 7,348 Profit 23,242 60,418 Earnings per share (Yen) Basic earnings per share 20.35 56.80 Diluted earnings per share 20.32 56.06
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7 (Condensed Quarterly Consolidated Statements of Comprehensive Income) (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Profit 23,242 60,418 Other comprehensive income Items that will not be reclassified to profit or loss Financial assets measured at fair value through other comprehensive income 773 1,581 Remeasurements of defined benefit plans (14) (49) Share of other comprehensive income of investments accounted for using equity method 23 (5) Total 782 1,527 Items that may be reclassified to profit or loss Exchange differences on translation of foreign operations (12,499) 4,491 Cash flow hedges (353) 8,374 Share of other comprehensive income of investments accounted for using equity method 1,413 1,546 Total (11,439) 14,411 Total other comprehensive income (10,657) 15,938 Comprehensive income 12,585 76,356 Comprehensive income attributable to: Owners of parent 10,893 67,553 Non-controlling interests 1,692 8,803 Comprehensive income 12,585 76,356
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8 (3) Condensed Quarterly Consolidated Statements of Changes in Equity Three months ended June 30, 2025 (Millions of yen) Equity attributable to owners of parent Other components of equity Share capital Capital surplus Retained earnings Treasury shares Financial assets measured at fair value through other comprehensive income Cash flow hedges Balance at beginning of period 75,000 48,093 432,121 (1,000) 4,751 (700) Profit － － 18,865 － － － Other comprehensive income － － － － 806 1,097 Comprehensive income － － 18,865 － 806 1,097 Dividends of surplus － － (16,712) － － － Share-based payment transactions － 73 － － － － Transfer to retained earnings － － 28 － (49) － Transfer from other components of equity to non-financial assets － － － － － (1,907) Other － (652) － － － － Total transactions with owners － (579) (16,684) － (49) (1,907) Balance at end of period 75,000 47,514 434,302 (1,000) 5,508 (1,510) Equity attributable to owners of parent Non-controlling interests Total equity Other components of equity Exchange differences on translation of foreign operations Remeasure- ments of defined benefit plans Other Total Total equity attributable to owners of parent Balance at beginning of period 57,032 － － 61,083 615,297 96,457 711,754 Profit － － － － 18,865 4,377 23,242 Other comprehensive income (9,854) (21) － (7,972) (7,972) (2,685) (10,657) Comprehensive income (9,854) (21) － (7,972) 10,893 1,692 12,585 Dividends of surplus － － － － (16,712) (650) (17,362) Share-based payment transactions － － － － 73 － 73 Transfer to retained earnings － 21 － (28) － － － Transfer from other components of equity to non-financial assets － － － (1,907) (1,907) － (1,907) Other － － － － (652) 101 (551) Total transactions with owners － 21 － (1,935) (19,198) (549) (19,747) Balance at end of period 47,178 － － 51,176 606,992 97,600 704,592
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9 Three months ended June 30, 2026 (Millions of yen) Equity attributable to owners of parent Other components of equity Share capital Capital surplus Retained earnings Treasury shares Financial assets measured at fair value through other comprehensive income Cash flow hedges Balance at beginning of period 75,000 46,409 518,498 (2,219) 10,902 (1,167) Profit － － 53,070 － － － Other comprehensive income － － － － 1,396 9,922 Comprehensive income － － 53,070 － 1,396 9,922 Purchase of treasury shares － － － (12) － － Issuance of convertible bonds with share acquisition rights － 35,376 － － － － Dividends of surplus － － (23,212) － － － Share-based payment transactions － 161 － 53 － － Equity transactions with non- controlling interests, etc. － 30,504 － － － － Transfer to retained earnings － － (48) － (1) － Transfer from other components of equity to non-financial assets － － － － － 1,760 Change in equity corresponding to treasury stock to be purchased － － － － － － Other － (1,432) － － (1) － Total transactions with owners － 64,609 (23,260) 41 (2) 1,760 Balance at end of period 75,000 111,018 548,308 (2,178) 12,296 10,515 Equity attributable to owners of parent Non-controlling interests Total equity Other components of equity Exchange differences on translation of foreign operations Remeasure- ments of defined benefit plans Other Total Total equity attributable to owners of parent Balance at beginning of period 79,065 － － 88,800 726,488 111,770 838,258 Profit － － － － 53,070 7,348 60,418 Other comprehensive income 3,214 (49) － 14,483 14,483 1,455 15,938 Comprehensive income 3,214 (49) － 14,483 67,553 8,803 76,356 Purchase of treasury shares － － － － (12) － (12) Issuance of convertible bonds with share acquisition rights － － － － 35,376 － 35,376 Dividends of surplus － － － － (23,212) (7,487) (30,699) Share-based payment transactions － － － － 214 － 214 Equity transactions with non- controlling interests, etc. － － － － 30,504 (30,504) － Transfer to retained earnings － 49 － 48 － － － Transfer from other components of equity to non-financial assets － － － 1,760 1,760 － 1,760 Change in equity corresponding to treasury stock to be purchased － － (194,877) (194,877) (194,877) － (194,877) Other － － － (1) (1,433) 490 (943) Total transactions with owners － 49 (194,877) (193,070) (151,680) (37,501) (189,181) Balance at end of period 82,279 － (194,877) (89,787) 642,361 83,072 725,433