Austral Gold (AGD) H1 2026 earnings summary

Executive summary

• Gold equivalent production nearly doubled to 11,648 GEO, driven by the restart of Casposo and ongoing Guanaco operations.

• Revenue rose 258% year-over-year to US$66.6 million, with net profit after tax of US$15.5 million, reversing a prior loss.

• Cash and cash equivalents increased to US$20.3 million, and net financial debt was reduced to US$1.7 million.

• An updated NI 43-101 Technical Report extended Guanaco's mine life to 14 years with an after-tax NPV of US$192.1 million.

Financial highlights

• Gross profit reached US$33.3 million (50% margin), up from US$4.3 million (23.1% margin) in HY25.

• Earnings per share improved to 2.42 cents from a loss of 0.21 cents per share year-over-year.

• No interim dividend was declared for HY26.

• Net assets increased to US$50.6 million from US$29.7 million at year-end 2025.

Outlook and guidance

• Management expects continued improvement in net current asset position, supported by higher production volumes.

• Cash flow forecasts through December 2027 incorporate expected production, sales, and market conditions.