Polyus Finance Plc: pjsc "polyus" published consolidated financial statements for the year ended 31 December 2025

London (pta043/16.03.2026/18:05 UTC+1)

PJSC "POLYUS"

INDEPENDENT AUDITOR'S REPORT on published consolidated financial statements

To the Shareholders and the Board of Directors of Public Joint Stock Company "Polyus":

Qualified Opinion

We have audited the published consolidated financial statements of Public Joint Stock Company "Polyus" and its subsidiaries (the "Group"), which comprise:

• the published consolidated statement of financial position as at 31 December 2025;
• the published consolidated statement of profit or loss for the year ended 31 December 2025;
• the published consolidated statement of comprehensive income for the year ended 31 December 2025;
• the published consolidated statement of changes in equity for the year ended 31 December 2025;
• the published consolidated statement of cash flows for the year ended 31 December 2025; and
• the notes to the published consolidated financial statements, including material accounting policy information.

In our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinion section of our report, the accompanying published consolidated financial statements are prepared in all material respects in accordance with the basis of preparation of published consolidated financial statements described in Note 2.2 Basis of preparation and presentation of published consolidated financial statements and in accordance with Decree of the Government of the Russian Federation No. 1102 dated 4 July 2023 On Specific Aspects of Disclosure and (or) Provision of Information, Subject to Disclosure and (or) Provision in Accordance with the Requirements of the Federal Law "On Joint Stock Companies" and the Federal Law "On the Securities Market" regarding restrictions on the level of financial information disclosure.

Basis for Qualified Opinion

International Accounting Standard 24 Related Party Disclosures, the basis of preparation of published consolidated financial statements described in Note 2.2 Basis of preparation and presentation of published consolidated financial statements and Decree of the Government of the Russian Federation No. 1102 dated 4 July 2023 On Specific Aspects of Disclosure and (or) Provision of Information, Subject to Disclosure and (or) Provision in Accordance with the Requirements of the Federal Law "On Joint Stock Companies" and the Federal Law "On the Securities Market" regarding restrictions on the level of financial information disclosure require the Group to disclose information about related parties, transactions and outstanding balances with them. We were unable to obtain sufficient audit evidence in respect of an ultimate controlling party, and, therefore, we were unable to verify the completeness of the list of the Group's related parties and satisfy ourselves of the required disclosure in the accompanying published consolidated financial statements. As a result, we were unable to obtain sufficient audit evidence in respect of the necessity to disclose related parties' outstanding balances and transactions with them.

We conducted our audit in accordance with International Standards on Auditing ("ISAs"). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Published Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the Auditor's Independence Rules and the Auditor's Professional Ethics Code, that are relevant to our audit of the financial statements in the Russian Federation together with the ethical requirements of the International Ethics Standards Board for Accountants' Code of Ethics for Professional Accountants (the "IESBA Code"), and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

For the additional information please refer the below link https://polyus.com/upload/iblock/7c6/polyus-ifrs-fs-eng-12m2025-published.pdf

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