Alkane Resources (ALK) Q3 2026 TU earnings summary

Executive summary

• Achieved record Q3 FY2026 operational and financial results, with production of 45,800 gold equivalent ounces and year-to-date production of 120,000 ounces, tracking toward full-year guidance.

• Generated record Q3 operating cash flow of AUD 189 million and ended the quarter with AUD 374 million in cash, bullion, and investments.

• Record Q3 net profit of AUD 93 million, up from AUD 8.1 million in Q3 2025, driven by strong gold and antimony prices and expanded production portfolio.

• Integration of Mandalay Resources completed, with Costerfield and Björkdal contributing for eight months.

• Included in the S&P/ASX 200 index as of April 22, 2026, reflecting increased market recognition.

Financial highlights

• Q3 group revenue reached a record AUD 274.4 million on sales of 42,500 oz gold and 280 tons antimony, up 334% year-over-year.

• Q3 EBITDA was a record AUD 161 million; nine-month EBITDA totaled AUD 334 million with a margin just under 50%.

• Net profit after tax for Q3 was AUD 93 million (AUD 0.681/share); YTD net profit after tax was just under AUD 158 million.

• Operating cash flow was AUD 189 million, up 42% from Q2; free cash flow for Q3 was AUD 127.6 million.

• All-in sustaining costs (AISC) consolidated at AUD 2,928/oz in Q3, slightly higher than Q2.

Outlook and guidance

• On track to achieve the top end of annual production guidance of 155,000–168,000 gold equivalent ounces; AISC expected at the top end of AUD 2,600–2,900/oz guidance.

• Growth and exploration capital expenditures for FY2026 guided at AUD 78–88 million.

• Boda-Kaiser copper-gold project advancing toward project approval application by late 2027 or early 2028.

• Capital management strategy, including dividends and buybacks, to be announced in the second half of 2026.