Alara Resources (AUQ) H2 2026 earnings summary

Executive summary

• Achieved strong operational performance at the Al Wash-hi Majaza copper-gold mine, with production consistently above nameplate capacity and robust safety and environmental compliance.

• Revenue surged to $134.4M, up from $55.1M year-over-year, driven by increased copper concentrate sales.

• Net profit after tax reached $19.7M, reversing a prior year loss of $19.0M.

• No dividends declared or paid during the year.

Financial highlights

• Revenue: $134.4M (2026) vs $55.1M (2025), a 144% increase year-over-year.

• Net profit after tax: $19.7M (2026) vs loss of $19.0M (2025).

• Basic and diluted EPS: 1.41 cents (2026) vs (1.41) cents (2025).

• Cash and cash equivalents at year-end: $27.4M (2026) vs $12.4M (2025).

• Total assets: $200.8M; total liabilities: $175.1M; total equity: $25.6M as of 30 June 2026.

Outlook and guidance

• Focus remains on expanding exploration and resource development at Al Wash-hi and other Omani concessions.

• Plans to raise approximately $6M in equity in Q2 FY27 to fund future expenditure.

• Ongoing legal appeal regarding Al Wash-hi Majaza project, with a hearing scheduled for November 2026.

• Intends to participate in further exploration licence auctions in Oman and Saudi Arabia in FY27.