NEW PACIFIC REPORTS FINANCIAL RESULTS FOR THE THREE AND SIX MONTHS ENDED DECEMBER 31, 2025

Executive Summary

• New Pacific Metals Corp. reported a net loss of $1.58 M ($0.01 per share) for the three months and $2.33 M ($0.01 per share) for the six months ended Dec 31, 2025.
• Working capital stood at $41 M as of Dec 31, 2025; operating expenses decreased year‑over‑year to $1.47 M (3‑mo) and $2.79 M (6‑mo).
• Capitalized exploration expenditures increased across all projects, with total project balances rising to $118.48 M at period end.

Key Details

• Net Loss:
• Three months: $1.58 M ($0.01/share) vs. $0.74 M (2024).

• Six months: $2.33 M ($0.01/share) vs. $2.00 M (2024).

• Working Capital: $41 M as of Dec 31, 2025.

• Operating Expenses:

• Three months: $1.47 M (down from $1.59 M in 2024).

• Six months: $2.79 M (down from $3.20 M in 2024).

• Income from Investments: $0.31 M (3‑mo) and $0.42 M (6‑mo), up from $0.19 M and down slightly from $0.44 M respectively in 2024.

• Foreign Exchange Impact:

• Three months: $(0.42) M loss vs. $(0.64) M loss in 2024.

• Six months: $0.04 M gain vs. $0.74 M loss in 2024.

• Project Expenditure Balances (USD):

• Capitalized Exploration Expenditures (2025 vs. 2024):
• Silver Sand: $0.67 M (3‑mo) / $1.18 M (6‑mo) vs. $0.42 M / $0.94 M.
• Carangas: $0.22 M / $0.40 M vs. $0.39 M / $0.75 M.

• Silverstrike: $0.03 M / $0.04 M vs. $0.01 M / $0.03 M.

• Project‑Specific Expenditure Highlights (2025):

• Reporting & assessment: $285,246 total.
• Drilling & assaying: $12,230 total.
• Project management & support: $2,082,097 total.
• Camp service: $492,710 total.

• Permit & license fees: $60,424 total.

• Management Discussion: The release references the MD&A and audited financial statements filed with Canadian securities regulators (SEDAR+) and the U.S. SEC (EDGAR).

Notable Quotes

(No direct quotes were included in the release.)