AIC Mines (A1M) H2 2026 earnings summary

Executive summary

• Revenue increased 29% year-over-year to $245.2 million, driven by higher copper and gold prices despite slightly lower copper sales volumes.

• EBITDA rose 71% to $108.1 million, and net profit after tax surged 177% to $41.5 million.

• Operating cash flow more than doubled to $107.0 million, supporting major capital projects and mine development.

• No dividends were declared for the year.

Financial highlights

• Sales revenue: $245.2 million (up 29% year-over-year).

• EBITDA: $108.1 million (up 71% year-over-year).

• Net profit after tax: $41.5 million (up 177% year-over-year).

• Basic EPS: 5.27 cents (up from 2.60 cents).

• Net tangible assets per share: 46.56 cents (up from 39.37 cents).

• Cash at year-end: $41.7 million (down from $60.9 million due to increased investment).

Outlook and guidance

• Eloise processing plant expansion on track for commissioning in December 2026, expected to lift copper production to over 25,000 tonnes per annum by FY29.

• Jericho mine development progressing, with first ore delivered ahead of schedule and ventilation upgrades planned for September 2026.

• Ongoing focus on cost control and operational efficiency amid volatile diesel prices and inflationary pressures.