Key Insights
- Evolution Mining's Annual General Meeting to take place on 20th of November
- CEO Lawrie Conway's total compensation includes salary of AU$1.04m
- The overall pay is comparable to the industry average
- Evolution Mining's EPS grew by 37% over the past three years while total shareholder return over the past three years was 383%
We have been pretty impressed with the performance at Evolution Mining Limited (ASX:EVN) recently and CEO Lawrie Conway deserves a mention for their role in it. The pleasing results would be something shareholders would keep in mind at the upcoming AGM on 20th of November. This would also be a chance for them to hear the board review the financial results, discuss future company strategy and vote on any resolutions such as executive remuneration. In light of the great performance, we discuss the case why we think CEO compensation is not excessive.
View our latest analysis for Evolution Mining
Comparing Evolution Mining Limited's CEO Compensation With The Industry
At the time of writing, our data shows that Evolution Mining Limited has a market capitalization of AU$23b, and reported total annual CEO compensation of AU$4.5m for the year to June 2025. Notably, that's an increase of 33% over the year before. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at AU$1.0m.
On comparing similar companies in the Australian Metals and Mining industry with market capitalizations above AU$12b, we found that the median total CEO compensation was AU$5.3m. So it looks like Evolution Mining compensates Lawrie Conway in line with the median for the industry. Furthermore, Lawrie Conway directly owns AU$32m worth of shares in the company, implying that they are deeply invested in the company's success.
| Component | 2025 | 2024 | Proportion (2025) |
| Salary | AU$1.0m | AU$993k | 23% |
| Other | AU$3.4m | AU$2.4m | 77% |
| Total Compensation | AU$4.5m | AU$3.3m | 100% |
Talking in terms of the industry, salary represented approximately 68% of total compensation out of all the companies we analyzed, while other remuneration made up 32% of the pie. Evolution Mining pays a modest slice of remuneration through salary, as compared to the broader industry. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.
Evolution Mining Limited's Growth
Over the past three years, Evolution Mining Limited has seen its earnings per share (EPS) grow by 37% per year. In the last year, its revenue is up 35%.
Shareholders would be glad to know that the company has improved itself over the last few years. The combination of strong revenue growth with medium-term EPS improvement certainly points to the kind of growth we like to see. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..
Has Evolution Mining Limited Been A Good Investment?
Most shareholders would probably be pleased with Evolution Mining Limited for providing a total return of 383% over three years. This strong performance might mean some shareholders don't mind if the CEO were to be paid more than is normal for a company of its size.
In Summary...
The company's solid performance might have made most shareholders happy, possibly making CEO remuneration the least of the matters to be discussed in the AGM. Instead, investors might be more interested in discussions that would help manage their longer-term growth expectations such as company business strategies and future growth potential.
CEO compensation can have a massive impact on performance, but it's just one element. We did our research and spotted 1 warning sign for Evolution Mining that investors should look into moving forward.
Important note: Evolution Mining is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE and low debt.
Valuation is complex, but we're here to simplify it.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.