Aeris Resources (AIS) Q4 2026 earnings summary

Executive summary

• Achieved FY26 group copper equivalent production of 42,100 tons, with 23,000 tons copper from Tritton and 41,000 ounces gold from Cracow, reflecting a 19% year-on-year increase in copper output.

• EBITDA reached $285 million, up 78% year-on-year, driven by higher production, effective cost management, and strong commodity prices.

• Closing cash and receivables at June 2026 totaled $202 million, a 308% year-on-year increase.

• Acquisition of Peel Mining completed, expanding copper resource base and extending Tritton's mine life.

• Non-core asset sales and full debt repayment strengthened the balance sheet.

Financial highlights

• FY26 EBITDA was $285 million, a 78% increase year-on-year.

• Operating cash flow for the year was $350 million, with Q4 cash flow up 37% sequentially and $120 million generated in the June quarter.

• Cash and receivables at year-end totaled $202 million, up 308% year-on-year; unrestricted cash at quarter end was $164.9 million.

• C1 cash costs at Tritton dropped below $4/lb, with Q4 AISC at $3.99/lb.

• Cracow FY26 AISC was $3,549/oz.

Outlook and guidance

• FY27 guidance to be released in early August 2026.

• Constellation project to commence production in Q3 FY27; mining lease granted and construction underway.

• Tritton’s life of mine plan and production target to be updated in H1 FY27, leveraging new reserves and Peel assets.

• Golden Plateau at Cracow targeted for development start in early FY28; mining study expected in H1 FY27.

• Integration of Peel copper projects into Tritton Operations underway.