Austral Gold (AGD) H2 2025 earnings summary

Executive summary

• Achieved a significant turnaround in FY25, posting a net profit after tax of US$14.7M, the first since FY20, driven by the reopening of the Casposo Mine and higher gold and silver prices.

• Total annual production reached 15,392 gold equivalent ounces (GEOs), with Casposo contributing 4,283 GEOs in Q4 and Guanaco 11,109 GEOs.

• Net cash from operating activities was US$9.3M, supporting improved liquidity and reduced net financial debt.

• Completed a strategic private placement in February 2026, raising US$5.9M to fund exploration and capacity expansion.

Financial highlights

• Sales revenue increased 39% year-over-year to US$51.2M (FY24: US$36.8M), with gross profit margin rising to 32.6% from 9.7%.

• Adjusted earnings were US$10.1M (FY24: US$1.4M), and basic EPS was 2.40 cents (FY24: -4.42 cents).

• Cash and cash equivalents at year-end were US$10.5M, up from US$3.6M in FY24.

• Net financial debt decreased to US$16.0M (FY24: US$23.0M).

• Operating cash cost per GEO was US$2,264 (FY24: US$1,943); all-in sustaining cost (AISC) was US$2,501 (FY24: US$2,164).

Outlook and guidance

• FY26 production guidance set at 27,000–33,000 GEOs, nearly double FY25 output, reflecting Casposo ramp-up and portfolio optimization.

• Focus on accelerating exploration at Guanaco and Casposo, expanding processing capacity, and increasing agitation leaching at Guanaco.

• Board remains confident in delivering meaningful growth in FY26 and beyond, supported by strong metals markets and a disciplined strategy.