Earnings history

last 4 reports each · paired by recencyMethod

NEM

2 of 4at or beyond implied

Reportimpliedrealized× implied

Q3 FY26±3.4%−4.59%×1.35

Q2 FY26±4.8%−1.62%×0.33

Q1 FY26±4.9%+8.68%×1.78

Feb 20 '26±4.5%−2.61%×0.58

CDE

1 of 4at or beyond implied

Reportimpliedrealized× implied

Q2 FY26±6.6%−10.21%×1.55

Q1 FY26±7.1%−3.36%×0.48

Feb 19 '26±8.0%+6.51%×0.81

Q3 FY25±8.7%−3.01%×0.34

= impliedNEM realized, solidCDE realized, hatchedOne scale, both sides: full bar = 11%× = |realized| ÷ impliedSource: market data

NEM compared with CDE: revenue, margins and what each company keeps, and the suppliers and customers both name