Black Cat Syndicate (BC8) H2 2026 earnings summary

Executive summary

• Achieved record revenue of $374M, a 903% increase year-over-year.

• Net profit after tax reached $86M, reversing a $26M loss from the previous year.

• Operating cash flow surged to $225M from a negative $13M in FY25.

• Production rose 132% to 90,833 ounces, including third-party ounces.

• Major operational milestones at Paulsens and Kal East supported strong performance.

Financial highlights

• Revenue increased to $374.3M from $37.3M year-over-year.

• Net profit after tax improved to $86.5M from a $25.9M loss.

• Earnings per share rose to 12.0 cents from a 4.6 cent loss.

• Cash, bullion, and investments grew 87% to $105.3M.

Outlook and guidance

• Update on FY27 guidance to be provided by the end of September.