Alkane Resources (ALK) H2 2025 earnings summary

Executive summary

• Delivered profit after tax of A$33.0 million for FY2025, up 87% year-over-year, driven by higher gold prices and increased production volumes.

• Gold revenue rose 52% to A$262.4 million, with gold production up 23% to 70,120 ounces and sales up 21% to 69,774 ounces.

• Completed a merger with Mandalay Resources post year-end, creating a diversified gold and antimony producer with three operating mines across Australia and Sweden.

Financial highlights

• Profit before tax at Tomingley Gold Operations reached A$60.9 million, up 84% year-over-year.

• All-in sustaining cost (AISC) was A$2,561/oz, within guidance, while average realised gold price increased 25% to A$3,770/oz.

• Net tangible assets per share rose to 34.46 cents from 23.05 cents.

• Cash, bullion, and listed investments totaled A$60.3 million at year-end.

• No dividends declared for the year.

Outlook and guidance

• Post-merger, the group is positioned for growth with a focus on safe operation, exploration, and project development at Tomingley and other tenements.

• Planned regional exploration and development at the Northern Molong Porphyry Project and ongoing investment in junior gold companies.