Aeris Resources (AIS) investor relations material

Executive summary

• Revenue rose to $306.3 million, up from $292.7 million year-over-year, driven by higher copper and gold prices and increased Tritton copper production.

• Net profit after tax was $47.9 million, up from $29.6 million in the prior period.

• No interim dividend was declared or paid for the half-year.

• Major equity raise of $80 million and SPP of $21.6 million completed, significantly strengthening liquidity.

• Early repayment of $40 million loan facility, materially deleveraging the balance sheet.

Financial highlights

• Adjusted EBITDA increased to $133.0 million from $84.8 million year-over-year.

• Gross profit improved to $93.5 million (prior: $59.6 million).

• Cost of goods sold decreased to $212.8 million from $233.1 million, aided by lower depreciation and higher concentrate stockpiles.

• Net cash from operating activities was $97.3 million, up from $58.3 million.

• Net assets rose to $452.6 million (30 June 2025: $317.8 million).

Outlook and guidance

• Directors believe the group will continue as a going concern based on cash flow and covenant compliance forecasts.

• Delivery of Stage 2 sulphide ore at Murrawombie Pit scheduled for H2 FY26.

• Acquisition of Peel Mining’s South Cobar Copper Project expected to complete in FY27.