Catalyst Metals (CYL) H2 2025 earnings summary

Executive summary

• Achieved record net profit after tax of $119.3m for FY2025, up from $23.6m in FY2024, driven by strong gold prices and operational improvements.

• Gold production totaled 108,018oz (FY2024: 109,785oz), with Plutonic operations delivering 86,384oz and Henty contributing 21,634oz before its sale.

• Completed the sale of Henty Gold Mine, acquired Old Highway Gold Project, and advanced a hub-and-spoke growth strategy at Plutonic.

• Raised $150m in equity and secured a $100m revolving credit facility, ending the year debt-free with $230m in cash and bullion.

Financial highlights

• Revenue increased to $453.1m (FY2024: $317.0m), reflecting higher gold prices and stable production.

• EBITDA rose to $193.1m (FY2024: $62.7m); EBIT reached $154.1m (FY2024: $30.7m).

• All-In Sustaining Cost (AISC) improved to A$2,495/oz (FY2024: A$2,645/oz); Plutonic AISC was A$2,317/oz.

• Basic EPS was 52.27c (FY2024: 10.69c); diluted EPS 50.12c (FY2024: 10.48c).

• Net assets increased to $470.7m (FY2024: $202.0m); year-end cash and equivalents at $218.1m.

Outlook and guidance

• Targeting annual gold production of 200koz within 12–18 months via new mines at Plutonic East, Trident, K2, and Old Highway.

• Largest exploration program in 25 years underway, aiming to define a 2Moz Reserve and support a 10-year production vision.

• Strong liquidity position supports organic growth and potential acquisitions.