Alkane Resources (ALK) H2 2026 earnings summary

Executive summary

• Completed $1b merger with Mandalay Resources, transforming into a multi-asset, multi-jurisdictional gold and antimony producer with three operating mines in Australia and Sweden.

• Achieved record financial and operational performance, including maiden dividend and inclusion in the S&P/ASX 200.

• Strong balance sheet with significant cash reserves and no net debt at year-end.

Financial highlights

• Revenue of A$935.8m, up 257% year-over-year (FY2025: A$262.4m).

• Net profit after tax of A$228.7m, up 592% year-over-year (FY2025: A$33m).

• Basic EPS of 17.69 cents, up 224% year-over-year (FY2025: 5.46 cents).

• Gold equivalent production of 162,440oz at AISC of A$2,907/oz.

• Cash, bullion, and listed investments of A$453.9m at 30 June 2026 (FY2025: A$68.3m).

Outlook and guidance

• FY2027 guidance: 163,000–177,000oz gold-equivalent production at AISC of A$2,900–A$3,200/oz.

• Growth capital expenditure planned at A$160–190m and exploration spend of A$55–65m.

• Continued focus on disciplined M&A and organic growth, with ambition to consolidate further in the mid-tier gold and antimony sector.