Aeris Resources (AIS) H2 2025 earnings summary

Executive summary

• Achieved strong FY25 results with Adjusted EBITDA of $179.6M, up 68% year-over-year, and net profit after tax of $45.2M, reversing a prior year loss.

• Revenue rose to $577.1M, driven by higher copper and gold prices, despite lower copper production at Tritton and North Queensland.

• Cash flow from operations increased 109% to $130.9M, supporting a positive net asset position of $317.8M.

• Refinanced facilities with a new $60M guarantee facility and extended $50M term facility, enhancing liquidity.

Financial highlights

• Adjusted EBITDA: $179.6M (up from $107.0M in FY24).

• Net profit after tax: $45.2M (FY24: $24.3M loss).

• Revenue: $577.1M (FY24: $540.0M).

• Operating cash flow: $130.9M (FY24: $62.5M).

• Gearing ratio improved to 7.9% (FY24: 12.0%).

Outlook and guidance

• Entering FY26 with a clear strategy focused on value creation, mine life extension, and operational improvements.

• Feasibility studies and permitting underway at Constellation and Stockman; Jaguar exploration to support potential restart.

• Gold hedges in place for FY26 covering ~50% of Cracow’s targeted production.