Ok Tedi Mining Limited (OTML) has announced its Quarter 1 (Q1) Results for 2025 and it looks good financially for the nationally owned mining company, promising some good returns for its investors. The exceptional performance results for Q1 CY2025, showcased yet another successful quarter of disciplined operational and financial excellence. OTML is a 100 percent Papua New Guinea (PNG) owned entity with 67 percent direct shareholding by the Independent State of PNG and the people of Western Province holding a 33 percent interest. 100% of the benefits from its operations are distributed to the people of Western Province and the State. "Our profitability improved significantly in the first quarter compared to a year ago as a result of higher commodity prices and copper sales volumes, we delivered 28,000 copper tonnes, and 74,000 gold ounces and generated revenue of US$460 million (PGK 1.85 billion) demonstrating our focus on disciplined and committed performance and continuous business improvement," said Kedi Ilimbit, Managing Director and Chief Executive Officer (CEO). "We remain committed to our Growth 2050 strategy of balancing value accretive growth with returns to shareholders, and our strong balance sheet and commercial strategy provide us with resilience and the ability to continue to create value amidst market uncertainty." "With these significant achievements and solid start to the year, we remain committed to deliver to MD & CEO Kedi’s expectation to copy 2024 performance and paste into 2025 and add the extras to meet our full year 2025 guidance, whilst continuing our Growth 2050 strategic path towards ensuring our Vision 2050 is achieved," he said. CEO Ilimbit stated that the Q1 2025 has been built on from the 2024 performance of resilience, collaboration, and achievement for Ok Tedi. "These results reaffirm our commitment to creating value for all stakeholders while upholding our responsibilities to the people of Papua New Guinea and future generations. Our focus on sustainable growth under the Growth 2050 framework ensures that we are well-positioned for the challenges and opportunities that lie ahead.” Mr. Ilimbit said, “Our unwavering commitment to responsible mining practices and sustainable development has delivered outstanding outcomes for stakeholders, employees, and the communities in which we operate.” Meanwhile, Prime Minister James Marape applauded OTML’s record K1.85 billion Q 1 revenue. “This exceptional result is a testament to what Papua New Guineans can accomplish when entrusted with the stewardship of our natural resources,” said Prime Minister Marape. “Ok Tedi, being 100% nationally owned, embodies our vision of resource nationalism and demonstrates how revenue and profits can flow back to our landowners, provinces, and the national budget.”