Austral Gold (AGD) H1 2025 earnings summary

Executive summary

• Revenue for HY25 was US$18.6M, down 3% year-over-year, with a net loss of US$1.3M, a 93% improvement from the prior period's loss.

• Gross profit rose to US$4.3M (23.1% margin), up from US$1.2M (6.1% margin) in HY24, driven by higher gold prices despite lower sales volume.

• No interim dividend was declared for HY25.

Financial highlights

• Gold equivalent production was 5,996 oz, down from 8,521 oz year-over-year.

• C1 cash cost per gold equivalent ounce increased to US$2,253 (HY24: US$1,889); AISC rose to US$2,448 (HY24: US$2,090).

• Realised gold price surged 40% to US$3,054/oz.

• Adjusted earnings were US$1.2M, down from US$2.5M in HY24.

• Cash and cash equivalents at period end were US$1.1M, down from US$3.6M at year-end.

Outlook and guidance

• Revised production guidance for FY25 is 14,000–16,000 gold equivalent ounces.

• Casposo plant refurbishment in Argentina was substantially completed, positioning for a second mine complex to enter production.

• Ongoing financial support from major shareholders and potential monetisation of equity investments expected to support liquidity.