Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Non-executive Director Mohamed Abdella was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공시 • Jul 21
ASEC Company for Mining ASCOM, S.A.E, Annual General Meeting, Aug 14, 2025 ASEC Company for Mining ASCOM, S.A.E, Annual General Meeting, Aug 14, 2025, at 14:30 Egypt Standard Time. Location: cairo Egypt Board Change • May 14
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Non-executive Director Mohamed Abdella was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jun 29
First quarter 2024 earnings released: ج.م1.11 loss per share (vs ج.م0.73 profit in 1Q 2023) First quarter 2024 results: ج.م1.11 loss per share (down from ج.م0.73 profit in 1Q 2023). Revenue: ج.م760.0m (up 53% from 1Q 2023). Net loss: ج.م27.9m (down 171% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 143% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth. 공시 • May 19
ASEC Company for Mining ASCOM, S.A.E, Annual General Meeting, Jun 11, 2024 ASEC Company for Mining ASCOM, S.A.E, Annual General Meeting, Jun 11, 2024, at 14:30 Egypt Standard Time. Location: cairo Egypt Reported Earnings • May 11
Full year 2023 earnings released: ج.م1.43 loss per share (vs ج.م1.50 loss in FY 2022) Full year 2023 results: ج.م1.43 loss per share (improved from ج.م1.50 loss in FY 2022). Revenue: ج.م1.92b (up 41% from FY 2022). Net income: ج.م1.96b (up ج.م2.04b from FY 2022). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 69% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 25
Third quarter 2023 earnings released: EPS: ج.م42.40 (vs ج.م1.20 in 3Q 2022) Third quarter 2023 results: EPS: ج.م42.40 (up from ج.م1.20 in 3Q 2022). Revenue: ج.م475.2m (up 33% from 3Q 2022). Net income: ج.م2.22b (up ج.م2.15b from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 135% per year but the company’s share price has only increased by 94% per year, which means it is significantly lagging earnings growth. New Risk • Oct 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Egyptian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-ج.م148m free cash flow). Negative equity (-ج.م356m). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (ج.م928.6m market cap, or US$30.1m). Reported Earnings • Aug 29
Second quarter 2023 earnings released: ج.م0.03 loss per share (vs ج.م1.00 profit in 2Q 2022) Second quarter 2023 results: ج.م0.03 loss per share (down from ج.م1.00 profit in 2Q 2022). Revenue: ج.م436.7m (up 23% from 2Q 2022). Net income: ج.م5.54m (down 90% from 2Q 2022). Profit margin: 1.3% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 04
First quarter 2023 earnings released: ج.م1.60 loss per share (vs ج.م0.22 profit in 1Q 2022) First quarter 2023 results: ج.م1.60 loss per share. Revenue: ج.م498.3m (up 74% from 1Q 2022). Net income: ج.م39.1m (up 231% from 1Q 2022). Profit margin: 7.9% (up from 4.1% in 1Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • Apr 18
Full year 2022 earnings released: ج.م1.50 loss per share (vs ج.م1.55 loss in FY 2021) Full year 2022 results: ج.م1.50 loss per share (improved from ج.م1.55 loss in FY 2021). Revenue: ج.م1.36b (up 45% from FY 2021). Net loss: ج.م80.8m (loss narrowed 4.9% from FY 2021). Over the last 3 years on average, earnings per share has increased by 44% per year whereas the company’s share price has increased by 40% per year. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to ج.م10.51, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 13x in the Metals and Mining industry in Egypt. Total returns to shareholders of 232% over the past three years. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ج.م13.00, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 14x in the Metals and Mining industry in Egypt. Total returns to shareholders of 148% over the past three years. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ج.م10.68, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 10x in the Metals and Mining industry in Egypt. Total returns to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improved over the past week After last week's 30% share price gain to ج.م11.43, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 9x in the Metals and Mining industry in Egypt. Total returns to shareholders of 76% over the past three years. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Non-executive Director Mohamed Abdella was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Sep 09
Second quarter 2022 earnings released: EPS: ج.م1.00 (vs ج.م0.09 loss in 2Q 2021) Second quarter 2022 results: EPS: ج.م1.00 (up from ج.م0.09 loss in 2Q 2021). Revenue: ج.م354.8m (up 53% from 2Q 2021). Net income: ج.م54.5m (up ج.م59.3m from 2Q 2021). Profit margin: 15% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 09
First quarter 2022 earnings released: EPS: ج.م0.20 (vs ج.م0.48 loss in 1Q 2021) First quarter 2022 results: EPS: ج.م0.20 (up from ج.م0.48 loss in 1Q 2021). Revenue: ج.م286.4m (up 21% from 1Q 2021). Net income: ج.م11.8m (up ج.م38.5m from 1Q 2021). Profit margin: 4.1% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 11
Full year 2021 earnings released: ج.م1.50 loss per share (vs ج.م1.29 loss in FY 2020) Full year 2021 results: ج.م1.50 loss per share (down from ج.م1.29 loss in FY 2020). Revenue: ج.م937.7m (up 11% from FY 2020). Net loss: ج.م84.9m (loss widened 20% from FY 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Non-executive Director Mohamed Abdella was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Sep 15
Second quarter 2021 earnings released: ج.م0.09 loss per share (vs ج.م1.00 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ج.م231.8m (up 46% from 2Q 2020). Net loss: ج.م4.84m (loss narrowed 85% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year and the company’s share price has also increased by 18% per year. Reported Earnings • Apr 23
Full year 2020 earnings released: ج.م1.30 loss per share (vs ج.م0.98 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: ج.م841.9m (down 13% from FY 2019). Net loss: ج.م70.7m (loss widened 49% from FY 2019). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 25
New 90-day high: ج.م10.62 The company is up 38% from its price of ج.م7.67 on 26 November 2020. The Egyptian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 25% over the same period. Is New 90 Day High Low • Jan 27
New 90-day high: ج.م8.55 The company is up 22% from its price of ج.م7.03 on 28 October 2020. The Egyptian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: ج.م8.26 The company is up 3.0% from its price of ج.م8.01 on 14 October 2020. The Egyptian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 9.0% over the same period. Reported Earnings • Oct 02
First half earnings released Over the last 12 months the company has reported total losses of ج.م106.5m, with losses widening by 27% from the prior year. Total revenue was ج.م851.1m over the last 12 months, down 11% from the prior year.