Independent Precious & Non-Ferrous Metals Trading House

This is a premier independent metals trading house specializing in precious metals, including gold, silver, platinum and palladium, as well as non-ferrous metals such as copper, tin and aluminium. The Company operates an established international sourcing and distribution platform, handling metal concentrates, refined products and scrap materials.

Through long-standing relationships with leading Asian smelters, Project has secured strategic allocation rights, providing access to established procurement channels and downstream distribution networks serving global investment banks and international trading houses.

Investment Highlights

1. 01
   Strategic Sourcing PositionSecured allocation rights with two leading South Korean smelters, creating significant barriers to entry.
2. 02
   Established Market PresenceMore than a decade of operating history, with a consistent track record of profitability since its first year of operation.
3. 03
   Significant Trading ScaleAccess to an annual physical metals sourcing pipeline exceeding US$1 billion.
4. 04
   Strong Cash EfficiencyExceptional cash conversion cycle of approximately 5.6 days in FY2025.
5. 05
   Established Global NetworkStrong commercial relationships with international investment banks, trading houses and industrial counterparties.
6. 06
   Immediate Market AccessAcquisition provides an opportunity to enter an established metals sourcing and distribution ecosystem.

Financial Highlights

Financial Metric	FY2025	YTD August 2026
Revenue	US$1,230M	US$383M
EBITDA	US$63.7M	US$4.7M
Net Profit After Tax	US$44.9M	US$3.9M
Cash Conversion Cycle	5.6 days	—

Past financial performance is not necessarily indicative of future results.

Transaction Overview

The shareholders are seeking a strategic acquirer for 100% of the Company's equity.

1. 01
   Transaction Structure100% Share Acquisition
2. 02
   Valuation Reference2.3x EV/EBITDA and 4.7x P/E, based on FY2025 financial performance.
3. 03
   Business StatusFully operational and available for acquisition.
4. 04
   Acquisition RationaleImmediate access to established sourcing relationships, secured allocation rights and a substantial international physical metals trading pipeline.

Investment Rationale

Project Helix represents an opportunity to acquire an established independent metals trading platform with differentiated sourcing capabilities, strategic relationships with leading smelters and a proven history of profitable operations.

The Company's secured allocation rights, established international distribution network and highly efficient working capital cycle provide a compelling entry point for investors seeking exposure to the global precious and non-ferrous metals trading sector.