Aurelia Metals (AMI) H2 2026 earnings summary

Executive summary

• Achieved strong operational and financial performance in FY26, with gold production exceeding revised guidance and base metal output in line with expectations.

• Major growth projects, including Federation ramp-up, Great Cobar development, and Peak Plant expansion, advanced on schedule.

• Declared a fully franked final dividend of AUD 0.01 per share, the first since 2020, totaling approximately AUD 17.2 million.

• Appointed Steve Badenhorst as new Managing Director and CEO, effective October 6.

• Consistent growth in Mineral Resources and Ore Reserves underpins long-term operational sustainability.

Financial highlights

• Revenue increased 40% year-over-year to AUD 480.2 million, with gold contributing 55%.

• EBITDA rose 55% to AUD 189.2 million, with margins improving to 39.4%.

• Net profit after tax grew 69% to AUD 82.7 million; EPS up 69% to AUD 0.0488.

• Operating cash flow increased 10% to AUD 142.8 million, funding all growth and exploration.

• Year-end cash balance rose to AUD 143.9 million from AUD 110.1 million, with no drawn debt.

Outlook and guidance

• FY27 production guidance: 50,000–60,000 ounces gold, 2.5–3.5kt copper, 26–34kt zinc, 17–25kt lead.

• Ore processed expected to rise to 1.05–1.15 million tonnes from 806,000 tonnes.

• Group operating costs guided at AUD 340–375 million; unit costs projected to drop 11–19% to AUD 300–330 per tonne.

• Sustaining capital for FY27 guided at AUD 65–75 million; growth capital and exploration at AUD 64–88 million.

• Indicative FY27 gross revenue projected at AUD 525–665 million, with operating cash flow before growth capital of AUD 120–215 million.