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Pelagic Board Pack

Meeting details

7 October 2025 16h30 SST 10h30 SAST

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Open link

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Meeting ID: 346 403 104 9098

Passcode: EP3La9tZ

Attendance: Executives

Tom Baring Robert Shedlock Wee Beng Ho

Attendance: Non-Executive

Andrea M Orzan Osman Youness Stephen Diggle

Invitees:

Jacques Schonken Candice Benton

Dear Board Members,

H1 2026 has seen strong momentum, with volumes ahead of budget and steady demand supporting performance. Moeijelijk is ramping toward full capacity, while Kookfontein and Naboom continue to strengthen our production base.

Our financial position remains robust, with strong cash reserves and expanded facilities providing additional flexibility. This gives us confidence to meet commitments while positioning for growth.

Looking ahead, we remain cautiously optimistic, market demand is steady, but we continue to focus on disciplined risk management and working capital optimization to navigate volatility.

Thank you for your continued support as we build on this momentum.

Regards Tom

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Presentation

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Download PDF:

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Pelagic Board Pack H1 2026 (2.10.25a).pdf

2.6 MB

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Agenda

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Welcome and Introduction

Opening Remarks

Approval of Previous Meeting Minutes

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Executive Summary

Key Achievements and Milestones

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Chrome Market Update

Market Dynamics and Trends

Price and Inventory Analysis

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Group Operational Review & Trade Book Attribution

Performance by Product

Sales and Margin Analysis

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Financial Review Including Budget

Q1 Financial Performance

Budget Approval

Risks and Opportunities

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Treasury Update and Forecast

Liquidity Concerns and Credit Update

Funding Status and New Credit Lines

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Items for Discussion / Voting

Approval of the Budget

Legal Updates and Disputes

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Other Business (AOB)

ESOP trust adoption

Pref update

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Conclusion and Next Steps

Summary of Decisions

Date for Next Meeting

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Appendix

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Pelagic Resources Minutes 03.06.2025 SIGNED.pdf

268.2 kB

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Minutes of Special Board Meeting of the Directors of 17 Sept 25.pdf

43.1 kB

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Letter_Bauba Audit and Review_September 2025 v3.pdf

640.5 kB

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Month-end Marketing report - Aug 25.pdf

3.1 MB

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Executive Summary - ESOP Trust Deed.docx

23.7 kB

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Pelagic Resources ESOP - Deed of Trust Draft (Final, Clean).doc

120.8 kB

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Pelagic Resources_ESOP Rules.pdf

275.5 kB

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Bauba Group Finnivo Report Aug25.xlsx

2.1 MB

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