AltynGold (ALTN) H1 2026 earnings summary

Executive summary

• Achieved record half-year results: revenue up 64.6% year-over-year to $115.2m, adjusted EBITDA up 55.4% to $68.5m, and profit after tax up 58.4% to $42.7m, with EPS rising 58.4% to 156.38 US cents.

• Gold sold increased 9.0% to 24,628oz at an average realized price of $4,615/oz, 50.3% higher than H1 2025.

• Ore processed rose 10.1% to 498,331t, with the plant operating at 1Mtpa nameplate capacity; ore mined up 1.7%.

• No lost-time injuries or reportable safety incidents recorded.

Financial highlights

• Gross profit increased 49.0% to $59.9m; operating profit up 49.1% to $55.2m.

• Net finance cost fell to $0.2m from $2.4m, aided by higher finance income and FX gains.

• All-in sustaining cost (AISC) rose to $1,995/oz, up ~30% from FY 2025, mainly due to higher taxes, depreciation, and currency effects.

• Cash generated from operations up 64.7% to $52.1m; net cash from operating activities up 19.7% to $36.5m.

• Net assets increased 35.3% to $203.1m; total borrowings reduced by 23.8% to $31.4m; net debt stable at $19.3m.

Outlook and guidance

• On track to meet full-year production guidance of 52-55Koz.

• Ongoing review and technical work to increase processing capacity to 2.0-2.5Mtpa, with an update expected by year-end.

• Teren-Sai project progressing toward production license, with further updates expected in Q4 2026.