Umicore completes sale and subsequent lease in of permanent gold inventories

NON-REGULATED INFORMATION l 13 October 2025 l 6 PM CEST

Umicore has successfully completed the sale and subsequent lease-in of its permanently tied-up gold inventories¹ previously held within its Jewelry & Industrial Metals and Precious Metals Refining Business Units.

The sale of these inventories, launched on October 8th, was executed in multiple tranches and generated total net cash proceeds of € 416 million² . It will contribute € 486 million to 2025 EBITDA³ and results in an after-tax⁴ capital gain of € 377 million.

These permanently tied-up gold inventories are replaced by revolving metal leases that Umicore has entered into with various counterparties.

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^{1 This concerns Umicore’s permanently tied up gold inventories held within the Business Units Jewelry & Industrial Metals and Precious Metals Refining part of the Recycling Business Group held at historical cost. For more information please consult note 2.11 in the section ‘Notes of the financial statements’ in the Umicore Annual Report 2024.
2 Net cash proceeds (post-tax amounts) are pro forma based on tax rules applicable to each country. 
3 The EBITDA contribution will be reported as an adjustment, i.e. will not be part of Adjusted EBITDA.  
4 Net capital gain pro forma based on tax rules applicable to each country.}