Genesis Minerals (GMD) investor relations material

Executive summary

• Achieved record gold production of 147,139oz in H1 FY26, up from 93,075oz in H1 FY25, with ore stockpiles increasing to 1.4Mt at 1.2g/t for 53koz.

• Updated FY26 production guidance to 260,000–290,000oz, up from 217,000–253,000oz, reflecting operational momentum and project ramp-ups.

• Major operational milestones included expansion at ABCDK, commencement of Jupiter open pit mining, and production ramp-up at Ulysses underground.

• Strengthened community and native title relationships through new agreements with Traditional Owner groups.

Financial highlights

• Revenue rose 142% year-over-year to $820.3 million, driven by higher gold production and a stronger average gold price of $5,590/oz (vs $3,909/oz).

• Statutory net profit after tax increased to $238 million (H1 FY25: $59.8 million), with EBITDA up 172% to $418 million.

• Cash inflow from operating activities surged to $387.5 million (H1 FY25: $140.9 million), while net cash increased by $101.5 million to $341 million.

• All-in sustaining cost averaged $2,578/oz, up from $2,383/oz in the prior period.

Outlook and guidance

• FY26 production guidance raised to 260,000–290,000oz, reflecting strong H1 performance and project ramp-ups.

• Tower Hill open pit development to commence in H2 FY26, with key permits and agreements secured.

• Anticipates becoming liable for PAYG income tax instalments in H2 FY26 as carried-forward tax losses are fully utilised.